Why Penny Stocks Investors Are Watching These 3 Small-Caps
Finding the best penny stocks to buy is a mixture of strategy and research. And, one metric that some penny stocks investors use is to find out what top investors are buying. This can be a great strategy to utilize, however it should only be the basis of your penny stocks watchlist.
After creating the list, traders should move on to the research stage to get a better idea of whether each penny stock individually is worth it. And in 2021, there are some additional factors that all investors should keep in mind.
The most prominent of these in August is the trajectory of the pandemic. While it looked like cases were dropping only a few weeks ago, since then, case numbers have skyrocketed in the U.S. and around the world. As a result of the Delta variant, many investors are uncertain about the future. And this uncertainty is resulting in increased market volatility and many days of flat trading.
But, with any ups and downs in the stock market, there are plenty of ways for investors to take advantage. In order to do so, traders need to create a strategy that is dependent on both their individual trading goals and the current state of the stock market. So, considering all of this, let’s take a look at three penny stocks that top investors are watching right now.
3 Penny Stocks That Investors Are Eyeing Right Now
- Camber Energy Inc. (NYSE: CEI)
- Color Star Technology Co. Ltd. (NASDAQ: CSCW)
- AzurRx Biopharma Inc. (NASDAQ: AZRX)
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is a penny stock that we have discussed frequently in the past few weeks. This is due to its sizable momentum in the market and recent bullish sentiment. In pre-market, shares of CEI stock are up by 4%, following an over 2% gain yesterday. While this may not seem like a lot, it is substantial for an energy stock. For some added context, Camber is a company that produces crude oil, natural gas, and natural gas liquids. It’s process involves acquiring land, developing it, and then selling raw fuel products.
On August 24th, Camber announced that it has secured an exclusive IP license for a patented carbon-capture system from ESG Clean Energy, LLC. This license applies exclusively to all of Canada and is non-exclusive for up to 25 locations in the U.S. This clean energy system can generate clean electricity from internal combustion engines and use waste heat to capture almost 100% of the carbon dioxide emitted from an engine without losing efficiency.
“In my view, this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices.”The CEO and President of Camber, James Doris
This is big news for CEI as the world transitions to clean energy. And, there is also a major emphasis on ESG penny stocks right now, adding to the bullish sentiment for CEI stock. With this in mind, will you add CEI to your list of penny stocks to watch?
Color Star Technology Co. Ltd. (NASDAQ: CSCW)
Color Star Technology Co. Ltd. is a penny stock that frequently sees large upswings when news is announced. YTD, shares of CSCW stock are up by over 40% to its current price of just under $0.95. This company provides music education services in both the United States and China. Color Star’s Color World platform includes music, sports, painting, film, life skills, and much more.
On August 24th, the company signed a cooperation agreement with Shaquille O’Neal as a celebrity mentor. Shaq will become a celebrity instructor on the Color Star App, and teach basketball-related content and share his experiences as a basketball star.
“We are particularly pleased to be able to invite legendary NBA stars such as Mr. O’Neal to join our platform. What he brings to this collaboration is not only in-depth basketball knowledge but also more sports fans to the Color Star platform. In the future, we will continue to invite more world-class athletes to join our Color Star team, so that our members can access broader knowledge sharing.”CEO of Color Star, Mr. Basil Wilson
On the day of this announcement, CSCW stock increased by more than 19.12% in the market. The company’s volume also shot up dramatically during the day, indicating the positivity behind this announcement. So, whether this makes CSCW stock worth adding to your watchlist is up to you.
AzurRx BioPharma Inc. (NASDAQ: AZRX)
AzurRx BioPharma Inc. is a biotech penny stock that is performing well in the market right now. In the past month, shares of AZRX have shot up by around 5%. If you’re unfamiliar with AZRX, it creates a range of products to treat gastrointestinal diseases. The company is also developing a compound known as FW-1022, which is for COVID-19 related gastrointestinal infections. Its lead therapeutic is MS1819 which is in use for treating exocrine pancreatic insufficiency.
On August 18th, the company reported positive topline data for its Phase 2 study of MS1819 for treating cystic fibrosis patients that have severe exocrine pancreatic insufficiency. MS1819 achieved primary and secondary outcome measure endpoints in the trial.
“Topline data clearly show that combining MS1819 to the daily dose of PERT had clinical benefits for all patients and improved quality of life. Our next step with the MS1819 program is to finalize the development of a new enteric-coated microbead formulation, which we believe will enable more of the medication to reach the small intestine thereby enhancing its therapeutic potential.”President and CEO of AzurRx, James Sapirstein
On August 25th, one week after the announcement, AZRX stock is up 4.63% in the market. With this in mind, is AZRX going to make your list of penny stocks to watch?
Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy is all about understanding what is going on in the market. With so many different variables to consider, it can be challenging to keep track.
However, with research and a dedication to finding all the information you can, making money with penny stocks can be easy. Considering this, which penny stocks are you watching right now?