3 Robinhood Penny Stocks to Watch With High Volume Right Now
Robinhood is one of the most popular trading platforms for investors to find penny stocks of all types. While many think that penny stocks are limited only to brokerages that offer OTC stocks, the term itself means any stock trading under $5. For this reason, there are hundreds of penny stocks to choose from.
With the popularity of Robinhood, trading penny stocks is more democratized than ever before. This has helped to push volume up to new highs, and in turn, add billions in capital into the market.
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But, it’s worth noting that both the nature of penny stocks, and whether they are listed on Robinhood or not, can make them extremely volatile. This is not something to be afraid of, but rather something that can be used as part of your trading strategy. In addition, investors should work toward gaining a trading education. Having this will be a great advantage to your portfolio and your consistency as a profitable trader.
Another aspect to consider when looking at penny stocks on Robinhood is what is going on in the world. This is true with any stocks, but especially so with penny stocks given their heightened relation to high-speculative activity. Taking all of this into consideration, here are three penny stocks on Robinhood to watch right now.
3 Penny Stocks on Robinhood to Watch Right Now
- Oragenics Inc. (NYSE: OGEN)
- New Gold Inc. (NYSE: NGD)
- NanoVibronix Inc. (NASDAQ: NAOV)
Oragenics Inc. (NYSE: OGEN)
One biotech company that has been making waves recently is Oragenics Inc. This biotech penny stock specializes in the research and development of solutions for infectious diseases. These primarily include coronaviruses and other multidrug-resistant organisms. OGEN produces a range of vaccines and one of its flagship products, Terra CoV2 is meant to protect from SARS-CoV-2 and its variants. A main concern from the international community right now with Covid is is that it could develop resistance to current vaccines. And, this is where Oragenics sees a large potential market opportunity.
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Late last month OGEN entered into a licensing agreement with the National Research Council of Canada. This agreement shares the effort to pursue the development of next-gen COVID vaccinations.
“We believe the combination of our previously licensed NIH technology with the NRC’s swift expression platform will accelerate the design of new vaccine candidates that benefit from the hybrid NIH/NRC constructs.
This license enables us to jumpstart IND-enabling animal studies with supplies of spike proteins to address the wild-type Wuhan virus as well as the Beta (B.1.351 or “South African”) variant that is currently of global concern among public health professionals.”
Frederick W. Telling, Executive Chairman of Oragenics
Considering its role as a Covid-related penny stock, we see why shares of OGEN have such high volume right now. With this in mind, what do you think of adding OGEN to your biotech watchlist this month?
New Gold Inc. (NYSE: NGD)
Another interesting industry that many investors are watching right now is mining. And, as a player in the gold mining sector, New Gold Inc. could hold a large opportunity for traders to take advantage of. This company both owns and operates precious metal mines in British Columbia and Ontario, Canada.
As inflation rises due to pandemic-related stimulus, many investors are watching physical commodities such as gold and silver. In the past few periods of high inflation, precious metals tend to hold consistent prices, and at times, increase in value as well. Recently, New Gold reported its operational results during a conference call to investors.
“Our operations continued to advance their primary objectives during the quarter. Rainy River had another solid operational quarter and is positioned to have a stronger second half of production. As we start the third quarter, the mine has now successfully transitioned from focusing on stripping, and we are now seeing a marked improvement in grades through the first half of July.”
Renaud Adams, President, and CEO of NGD
As stated earlier, gold tends to be a safeguard asset that investors pick in times of economic turmoil. With rising cases of Covid as a result of the Delta variant, many investors have turned to the shiny metal to avoid larger market volatility. With all of this in mind, is NGD stock worth adding to your watchlist?
NanoVibronix Inc. (NASDAQ: NAOV)
This year, the biotech industry has skyrocketed in value. While it began as a focus on biotech companies related to Covid, it quickly evolved into a larger market focus. And, an interesting biotech penny stock that has come into the public eye in the past few weeks is NanoVibronix.
This medical device company is primarily focused on the development of products that use surface acoustic wave technology. The patented technology provides low-frequency ultrasound waves that have a diverse set of medical applications. It can be used for the disruption of biofilms, bacterial colonization, and pain relief.
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Recently NAOV announced that it has completed the Centers for Medicare and Medicaid’s application for a reimbursement code for its two leading devices. This includes its UroShield and PainShield Plus products.
“We took the first opportunity in 2021 to apply for a CMS reimbursement code for UroShield and PainShield Plus as a next step towards seeking to materially increase the number of providers who may prescribe our proven effective devices as therapies for patients, particularly the many millions of Medicare beneficiaries.”
Brian Murphy, CEO of NanoVibronix Inc.
While this may seem like a niche market, NanoVibronix continues to be a leader in proving this technologies value. It’s worth noting that it may take time for this deal to complete, but gaining access to reimbursement codes could help tremendously with the commercialization of this product. Considering all of this, should you add NAOV to your August watchlist?
Which Robinhood Penny Stocks Are You Watching Right Now?
Finding the best penny stocks on Robinhood can be challenging without a proper trading education to back it. However, with the right research in hand and a commitment to learning all you can, buying and selling penny stocks can be easier than previously imagined. With all of this in mind, which Robinhood penny stocks are you watching right now?
