3 Penny Stocks That Could Be Worth Adding to Your Watchlist
In August 2021, the options for finding penny stocks to buy are almost endless. While not all penny stocks will have forward value, finding the ones that will is the key to making money with small caps. And while it may seem difficult at first, with the right research and a commitment to getting a trading education, it can be much easier than previously imagined. Right now, there are a few external factors to consider before picking any penny stocks to watch.
The first and most important is without a doubt the pandemic. While it seemed like we were on the way out only a few weeks ago, the rise of Delta variant-related cases has changed that thought train. Now, investors are searching once again for penny stocks that could benefit from the current state of the pandemic. This includes reopening penny stocks, biotech penny stocks, energy penny stocks, and more.
[Read More] 3 Tech Penny Stocks To Watch In August 2021
And with this, traders should think outside of the box, considering how each company could benefit as case numbers hopefully begin to drop in the near future. While this is not the only factor impacting the stock market right now, it is arguably the most important. So, with all of this in mind, let’s take a look at three penny stocks that could be worth adding to your watchlist.
3 Hot Penny Stocks For Your August Watchlist
- Camber Energy Inc. (NYSE: CEI)
- Hut 8 Mining Corp. (NASDAQ: HUT)
- Origin Materials Inc. (NASDAQ: ORGN)
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is as its name suggests, an energy penny stock that has continued to show solid momentum throughout the past year or so. This company acquires and develops properties for oil and natural gas exploration. After acquiring properties, Camber then develops them for the purpose of selling crude oil, natural gas, and natural gas liquids. As of March 31st, 2020, the company had total estimated proved reserves of 133,442 million barrels of oil equivalent.
On July 30th, Viking Energy Group Inc. announced an additional equity investment in Camber Energy. Camber has purchased $11 million worth of common stock of Viking Energy Group. Viking also recently announced the closure of a $15 million equity transaction from an institutional investor. These funds are to be used on working capital, new acquisitions, and more.
“These transactions serve as significant catalysts for advancing Camber’s growth initiatives. The $15M commitment by the institutional investor is encouraging and seemingly reflective of the confidence in Camber and our operations both short and long term. We are excited about the Company’s future and remain focused on forging a path toward profitability and increasing shareholder value.”The President and CEO of Camber, James Doris
With this new update in mind, will CEI stock make your penny stocks watchlist?
Hut 8 Mining Corp. (NASDAQ: HUT)
Hut 8 Mining Corp. is a penny stock that has been trending upwards recently. YTD, shares of HUT stock are up by almost 70%, and in the past five days alone, shares have shot up by over 10%. For some context, this company mines for cryptocurrency in the United States. Hut 8’s mining operations are primarily for Bitcoin, which is as you may know, the most valuable crypto out there. It’s worth noting that the company also owns 94 BlockBoxes in two cities located in Alberta, Canada.
Bitcoin mining companies have become very popular in the stock market over the last few years. Since HUT stock has gone public, it has seen tremendous growth in the market. In that time, the popularity of cryptocurrencies such as Bitcoin, DogeCoin, and Ethereum have all grown substantially. In addition, blockchain-based technology such as NFT’s have also seen increased investor attention.
On July 29th, the CEO of Hut 8 Mining Corp., Jaime Leverton, appeared on CEO Clips. CEO Clips is the largest library of publicly traded company CEO videos in the U.S. and Canada. These video profiles are shown on national TV and the top 15 financial sites. Leverton spoke on the company’s innovation in the Bitcoin space during her time on the show. This is the latest that has come from Hut 8 Mining Corp.
And while it may not seem that important, events like these help to offer both awareness of what the company is doing, and attention on what it could do in the future. For these reasons, it is always important to stay on top of announcements like this. With that in mind, will HUT stock be on your August small-caps watchlist?
Origin Materials Inc. (NASDAQ: ORGN)
Origin Materials Inc. is a materials penny stock that only recently joined the NASDAQ via an SPAC deal. While prices have been down for ORGN, this is common following a listing on a new exchange. For some context, Origin Materials focuses on converting the carbon found in biomass into useful materials. This aligns with its goal of transitioning the world toward the use of sustainable materials for everything from car parts to tires and textiles. Its patented technology has an extremely broad range and it states that there is an almost $1 trillion addressable market for it.
On June 25th, the company announced the completion of its business combination with the SPAC, Artius Acquisition Inc. In other recent news, Origin will be releasing its second-quarter results for 2021 on Thursday, August 12th, 2021. This will then be followed by a conference call on the same day.
As stated many times before, business updates, financial, and any upcoming news are always extremely important for investors to pay attention to. This is especially true when we consider a newly listed company such as Origin Materials.
In addition to this, from a broad perspective, we have witnessed solid bullish sentiment with ESG penny stocks. And as a clear part of this industry, ORGN stock could be worth paying attention to. So, considering this interesting prospect and its new status on the NASDAQ exchange, is ORGN worth adding to your list of penny stocks to watch?
Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy all comes down to understanding where to look. By considering geopolitical events and the trajectory of the pandemic, investors can narrow down their watchlists to a few penny stocks that could be worth watching.
And while this is not a be-all-end-all list, it should offer some inspiration. With all of this in mind, which penny stocks are you watching right now?