Are These 5 Penny Stocks on Your Watchlist?
In 2021, momentum with penny stocks has remained very high. This is due to a great deal of investor interest in small-caps, and the overall high volume we’re witnessing with penny stocks right now. While stocks under $5 are slightly unpredictable, the potential that they offer is extremely high. This is one of the main reasons that so many investors choose to find penny stocks to buy.
But, it’s worth noting that the massive fluctuations they make, can cause them to be considered riskier assets. Rather than scaring you, this should simply serve to help you understand how penny stocks can be put to use.
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Most tend to invest in penny stocks for their short-term potential. However, there are some that look to find solid penny stocks for the long term. Regardless of your strategy, there are penny stocks for all types of investors. With this in mind, here are five you should know about in 2021.
5 Penny Stocks to Watch Right Now
- GEE Group Inc. (NYSE: JOB)
- Meten EdtechX Education Group Ltd. (NASDAQ: METX)
- New Gold Inc. (NYSE: NGD)
- Acasti Pharma Inc. (NASDAQ: ACST)
- Document Security Systems Inc. (NYSE: DSS)
GEE Group Inc. (NYSE: JOB)
GEE Group Inc. is an industrial penny stock that provides staffing and placement services. These services are offered to professional, industrial, and other sectors. Its contract staffing services and direct hire services include placement for finance, office, medical professionals, and more. JOB stock has been increasing in the market significantly due to higher jobs numbers and more needs for its services. Let’s take a look at what the company has been doing recently to cause this momentum.
In early June, GEE Group announced that CIT Group Inc. (NYSE: CIT) will serve as the sole lender on a $20 million credit facility for the company. These proceeds will be used for debt and working capital purposes.
“We appreciated CIT’s expertise in arranging this asset-based financing to support our working capital needs and help fund GEE Group’s growth strategy. This financing represents another milestone in our ongoing effort to build our business while ensuring our financial position and balance sheet remain on solid footing.”
The Chairman and CEO of GEE Group, Derek Dewan
In the last month, JOB stock has fallen lower in the market. But could this could be a simple correction following some solid gains earlier in the year? JOB stock price increased by 6.61% on the day of July 9th, which is quite substantial. Despite this, the company’s volume is much lower than its average. With all of this information to note, will JOB make your list of penny stocks to watch in July?
Meten EdtechX Education Group Ltd. (NASDAQ: METX)
Educational penny stocks like Meten EdtechX Education Group Ltd. have seen a lot of momentum recently. Meten EdtechX Education Group provides English language training services to those living in China. Its brands include Meten, ABC, and Likeshuo. The company had a network of 105 learnings centers as of December 31st, 2020, which broadens its reach substantially. Additionally, Meten has 13 franchised learning centers, again adding to its reach.
On July 8th, Meten announced the exercise and closing of the underwriter’s overallotment option. The underwriter of its previously announced public offering has exercised its option to purchase 2,000,000 ordinary shares at $1 per share. The company also announced on June 25th that it has maintained the number 2 sales for language training services in China’s 618 Shopping Festival.
METX stock has been mentioned on pennystocks.com several times in the past few months due to its frequent upticks. On July 9th, METX stock went up by 5.68% by the market close, and up another 1.8% in the after-hours. Will Meten EdtechX make it on to your list of penny stocks to watch?
New Gold Inc. (NYSE: NGD)
New Gold Inc. is a mining penny stock that is performing very well today. The company primarily mines for gold but also searches for silver and copper deposits as well. Its main properties are located in Canada and include the New Afton and Rainy River mines. Additionally, the company operates the Cerro San Pedro mine in Mexico.
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New Gold has not released any recent company-specific updates, however, its price action is closely tied to the mining industry. Since New Gold also mines for silver and copper, it is affected by the price of those materials as well and not just gold ore.
NGD stock is up nearly 3% on the day of July 9th. And, NGD stock has increased by about 29% in the last year. This has attracted many penny stock investors to this company in particular. Now we wait for the next big gold price movement or a new company update. Will NGD enter your penny stock watchlist?
Acasti Pharma Inc. (NASDAQ: ACST)
Acasti Pharma Inc. is a biotech penny stock that develops and commercializes pharmaceuticals. Acasti’s main area of focus is treatments for cardiovascular diseases. The company uses OM3 fatty acids to lower triglycerides in those with hypertriglyceridemia.
On June 22nd, the company released its fiscal 2021 year-end business update. Back in May, the company entered a definitive agreement to acquire Grace and its pipeline of drug candidates. The CEO of Acasti, Jan D’Alvise said, “We are very excited about the planned acquisition of Grace, as we believe their product portfolio has the potential for delivering better patient solutions with enhanced efficacy, faster onset of action, reduced side effects, and more convenient delivery with the potential to increase patient compliance.”
At the beginning of 2021, ACST stock price was at $0.40 per share on average. On July 9th, after some ups and downs, ACST stock is at $0.54 per share on average. Will you add ACST to your list of biotech penny stocks to watch?
Document Security Systems Inc. (NYSE: DSS)
Document Security Systems Inc. is an industrial penny stock that sells packaging and security printing solutions. The company engages in the marketing, manufacturing, and selling of these products. Its product line includes folding cartons, security paper, birth certificates, and other types of printed materials.
The company’s wholly-owned subsidiary, Impact Biomedical Inc. announced updates to many of its key research products on July 6th. The President of Impact Biomedical, Frank Heuszel said, “Each of these products — from antibiotics to food preservation to creating new ways to develop medicines — are on the cutting edge of biotechnology and will provide a strong foundation for future discoveries through Impact Biomedical and GRDG that are designed to make the world safer, help people have a better quality of life, and raise the bar for what is possible.”
DSS stock price fell from $2.80 per share to $1.63 per share on average on June 15th, which makes sense considering a $43.5 million public offering that occurred the day before. But on July 9th, DSS stock is up 3.80%. With this in mind, will DSS make your list of penny stocks to watch in 2021?
Are These Penny Stocks Worth it or Not?
Finding the best penny stocks to buy in 2021 is all about understanding where the value is. to do this, investors need to put time into research and consider what factors may be affecting the trajectory of certain stocks.
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With so much going on in the market right now, it can seem like a tumultuous time to be investing in penny stocks. But, with the right information at hand, buying and selling penny stocks in 2021 can be easy.
