Why These Penny Stocks Could Be Worth Adding to Your Watchlist
Finding the most trending penny stocks is something that has become commonplace in the past year. With the advent of social media investors, penny stocks on Reddit, Twitter, and more have become very popular in 2021. Additionally, this year many traders have realized that when they come together, they could have just as much power as the largest players. This means that we’ve witnessed large price swings all due to a stock being trending.
However, it’s not enough to simply find a popular penny stock to buy. Rather, investors need to do the proper due diligence to see if it is truly worth it. And, once the research is done, making a list of the best penny stocks to watch can be easier than previously imagined. Considering all of this, let’s take a look at seven trending penny stocks that you need to know about.
7 Trending Penny Stocks to Watch Right Now
- Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN)
- Tellurian Inc. (NASDAQ: TELL)
- 9 Meters Biopharma Inc. (NASDAQ: NMTR)
- Ault Global Holdings Inc. (NYSE: DPW)
- Senmiao Technology Ltd. (NASDAQ: AIHS)
- Ibio Inc. (NYSE: IBIO)
- Harmony Gold Mining Co. (NYSE: HMY)
Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN)
The biopharmaceutical industry has been one of the fastest-growing sectors in the market this past year. When considering penny stocks, Diffusion Pharmaceuticals is one of the leading companies that many investors are looking into this week. Because of the COVID-19 pandemic, oxygen therapies are in high demand.
As a company, DFFN specializes in developing therapies meant to deliver oxygen to highly specific areas of the body. This is to treat conditions such as hypoxia. Today, DFFN released its positive topline results for its lead product, trans sodium crocetinate (TSC).
“The positive trend observed in the TCOM trial is very encouraging. We believe the data further clarify TSC’s exposure-response relationship and successfully build on our clinical development strategy. These data will inform study design for upcoming trials and our ongoing investigation of the timing of administration to maximize clinical efficacy.
We also believe the TCOM data complement recent data obtained from our COVID-19 trial and further support our ongoing execution of our three well-controlled Oxygenation Trials, where each study is uniquely designed to differentially investigate TSC’s novel mechanism of action.”Chris Galloway, CMO of DFFN
This is big news and something that could make DFFN stock worth watching in the coming weeks. Considering this, will it be on your penny stocks watchlist?
Tellurian Inc. (NASDAQ: TELL)
Another sector outperforming most this past year is the energy industry. A penny stock to consider adding to your watchlist in light of this is Tellurian. TELL is a natural gas company that was founded in 2016 and is based out of Houston, Texas. Collectively, the Tellurian team has delivered over 79 million tonnes of LNG over the past 50 years.
In a recent effort to pursue commercial momentum, TELL has begun preparations for a project at Driftwood LNG, a 27.6 mtpa LNG facility located in Lake Charles, Louisiana. Its lead contractor, Bechtel, is said to begin the first phase of construction later this summer.
Additionally, in the past five weeks, TELL has also signed two 10-year contracts to sell 3 MTPA of LNG with both the Virol and Gunvor Group. These deals have helped TELL see tremendous growth so far this past year. If we consider that the pandemic is dwindling in severity despite the Delta variant, we see that there could be a major uptick in energy demand in the coming months. While this is mostly speculation, it could make TELL stock worth watching.
9 Meters Biopharma Inc. (NASDAQ: NMTR)
Another biotech penny stock to follow this month is 9 Meters Biopharma. This company focuses on the unmet needs of gastroenterology. Currently, NMTR is advancing its lead product, vurolenatide, into the Phase 2 trial and larazotide into its Phase 3 trial. Vurolenatide is a novel long-acting GLP-1 agonist meant for short bowel syndrome (SBS), which is a rare and orphan disease. Additionally, NMTR has joined both the broad-market Russell 3000 Index and the small-cap Russell 2000 Index.
“The addition of 9 Meters to these Russell Indexes is indicative of both the perseverance and accomplishments our team has made in the last year as we strive to become the treatment leader in rare and unmet gastroenterology disorders.
Our inclusion in the Russell Indexes will raise our visibility among the international investment community at a favorable time, as we move towards several upcoming milestones.”John Temperato, President and CEO of 9 Meters
The addition of NMTR to the Russell Indexes as well as its continuing work on drug discovery and commercialization could make it an interesting candidate for your watchlist.
Ault Global Holdings Inc. (NYSE: DPW)
Ault Global Holdings is a company that specializes in the acquisition of undervalued businesses where it then increases the underlying companies potential. DPW is growth-oriented, focused on specific companies that specialize in disruptive technologies that have global impact potential.
Its portfolio encompasses a diverse range of industries including industrial, textiles, defense/aerospace, medical/biopharma, telecommunications, and automotive companies. Because of its broadness, DPW stock offers exposure to the stock market that many similar businesses cannot compete with.
Recently DPW announced its purchase contract to acquire 40% of Adtech Pharma. This is an innovative biotech company that has developed a novel solution for a sole-sourced synthetic cannabinoid therapeutic. The eye drop solution is proposed to target glaucoma, and Adtech believes it could soon reach a worldwide market. The acquisition price was set at $3 million valuing Adtech at $7.5 million in total. This is an exciting advancement and one that shows just why so many investors believe in the future of Ault Global.
Senmiao Technology Ltd. (NASDAQ: AIHS)
One penny stock that could be interesting to watch this coming month is Senmiao Technology. AIHS is a current leader in the automobile transaction industry and has recently expanded into the ride-hailing business as well. Based out of Chengdu, China, Senmiao is a provider of transaction services for automobiles and acts in other parts of the automobile business as well. This includes the buying/selling of cars as well as mediating transactions, financing, management, operating leases, guarantees, and other services.
Today, AIHS announced that it expects to release its financial results for the year before Friday, July 9th, 2021. In addition to this, it expects to file its Form 12b-25 at the same time. Both of these forms are important for investors to consider as they give a clear insight into where the company could be headed. So, with these documents coming out next week, investors may want to keep a close eye on AIHS stock.
iBio Inc. (NYSE: IBIO)
iBio is another biopharmaceutical penny stock company worth looking into this July. IBIO is primarily focused on a wide array of proteins that are derived from Nicotiana benthamiana plants for therapeutic vaccine development. Not only does it outsource these proteins but it uses them for its own pipeline products as well. It is able to produce high volume production from its 130,000 square foot FastPharming Facility in Texas in order to meet demands.
Much of its wide array of proteins are also in use for research and development purposes for bioprocessing. Because of IBIO’s Glycaneering Development Service, it is able to have higher control over protein glycoforms, meaning that it can remove fucose to create more potent monoclonal antibody therapeutics. This is something we see necessary as Covid continues to wreak havoc around the world. Considering its innovative role in the stock market, do you think IBIO stock is worth watching?
Harmony Gold Mining Co. (NYSE: HMY)
The last penny stock on this list is Harmony Gold. Harmony Gold is one of the largest mining companies in South Africa and produces a sizable quantity of gold ore. Despite its operations being based primarily in South Africa, it also works in other parts of the world such as Papua New Guinea. In total, its holdings make up nine underground mines, one open-pit mine, and multiple surface operations. Operations also include exploring for prospective mining locations, conducting studies, developing, and buying operating mines.
In 2019, HMY was listed as being worth over $1.2 billion and growing every year. With safety measures in place as well as other forms of accountability measures, it’s no surprise why HMY has been so successful. Additionally, with the rising rates of inflation, many believe that the price of gold could continue to rise in the near future. And during times of economic turmoil, investors often choose to turn toward safeguard stocks such as mining stocks, and you guessed it, gold production stocks. With all of this in mind, will HMY be on your penny stocks watchlist?
Are These Penny Stocks on Your Watchlist?
Making a penny stocks watchlist is one of the best things you can do for your portfolio. And, scouring social media to see which small-caps are trending can also be a major benefit.
Considering that there are thousands of penny stocks to choose from, it can be difficult at times to pick the best ones for your portfolio. But, with the right research and information in hand, it can be much easier than previously imagined. With this in mind, are these penny stocks on your watchlist?