Will These Penny Stocks on Reddit Show Momentum Next Month?
With SPRT stock making headlines, many penny stocks investors are looking for the next best small-cap to buy. In addition to SPRT stock’s over 100% gain today and 1700% six month gain, many cryptocurrencies are spiking right now. This includes DogeCoin and Bitcoin, which are up by around 5.4% and 3.1% respectively as of 11:30 AM EST.
Today’s large market movers are indicative of the major bullish sentiment with both penny stocks and blue chips right now. While the last few weeks have been quite volatile, many investors are feeling more comfortable about the near future. And with September on the horizon, the symbolic paradigm shift of a new month could present even more opportunities.
When it comes to Reddit, we can factor in even more market fluctuations. Penny stocks mentioned on Reddit tend to move wildly and without notice. And for that reason, they can be both profitable and loss-inducing. So, to stay ahead, investors should keep a close eye on the market and on Reddit for any updates.
Because the entire list of penny stocks moves extremely quickly, it is best to try and stay as ahead as possible for the best chance of making money with small caps. While today is unusually full of high volume, days like this can be taken advantage of. With that in mind, let’s take a look at three penny stocks that investors are watching for September 2021.
3 Reddit Penny Stocks For Your September Watchlist
- Glory Star New Media Group Holdings Ltd. (NASDAQ: GSMG)
- Lipocine Inc. (NASDAQ: LPCN)
- Camber Energy Inc. (NYSE: CEI)
Glory Star New Media Group Holdings Limited (NASDAQ: GSMG)
Glory Star New Media Group Holdings Limited is a penny stock that has climbed by over 55% in the past five days. For some context as to what it does, this company provides advertisement and content production services. It also offers mobile ads and digital ads for its users.
In addition to this, the company operates the CHEERS app which is an e-commerce platform. Because of its broad scope, GSMG has operations in several budding markets around the digital space. This means that it could take advantage of everything from increased digital advertising to higher e-commerce spend.
On August 26th, the company announced a subscription agreement to purchase up to $10,000,000 in ordinary shares and warrants at a fixed combined purchase price of $3.50 per share. It entered this agreement with an institutional investor for the same of up to 2,857,142 ordinary shares. The first closing of the offering representing the sale and purchase of 571,428 ordinary shares and warrants is expected to close on or around August 30th.
This announcement is likely the cause of the major gain for GSMG stock in the past few days. On August 26th, the company’s stock price increased by more than 50% in the market during this one day alone. In addition, Glory Star experienced volume of over 114 million compared to its market average of 201,193. Considering all of this, will GSMG stock be on your penny stocks watchlist amid these developments?
Lipocine Inc. (NASDAQ: LPCN)
Lipocine Inc. is a biotech company that creates pharmaceuticals for the treatment of metabolic and endocrine disorders. Right now, biotech penny stocks are heating up. This is the result of increased attention on the biotech industry due to rising Covid cases globally. With Lipocine, its lead candidate is TLANDO which is an oral testosterone replacement therapy. It also has LPCN 1144 which is in Phase 2 clinical trial to treat non-alcoholic steatohepatitis.
The company’s LPCN 1144 has met a non-alcoholic steatohepatitis resolution regulatory endpoint in a Phase 2 LiFT study. LPCN 1144 was well tolerated and had an overall safety profile comparable to the placebo. Positive topline results for the drug support it for regulatory approval.
“We are delighted by the remarkable efficacy results and the overall safety profile of LPCN 1144 in the LiFT study, which we believe demonstrate the potential for LPCN 1144 to be the “best in class” option for treating NASH with a discerning benefit to risk profile as required for a chronic therapy.”Chairman, President, and CEO of Lipocine Mahesh Patel
This is a big deal for the company, and the results should be interesting to keep an eye on. Considering this, will LPCN stock make your watchlist next month?
Camber Energy Inc. (NYSE: CEI)
One of the bigger gainers of the day so far is Camber Energy Inc. By midday, shares of CEI stock had shot up by over 10% to just north of $0.50 per share. The main reason for this comes from an announcement that the company made a few days ago on August 24th.
The announcement states that Camber Energy won an IP license for its patented carbon capture system. This came as its subsidiary, Viking Energy, entered into an exclusive intellectual property license agreement with ESG Clean Energy for the rights to the product in Canada exclusively and 25 non-exclusive locations in America.
“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.”The CEO of Camber Energy, James Doris
This is a big deal for Camber, and could add to its large portfolio of offerings for investors to consider. And right now, heightened travel and the end of work-from-home and educate-from-home mean that the demand for energy is increasing substantially. As a result, companies like Camber Energy are benefitting. So, whether this makes CEI stock worth watching or not is up to you.
Which Penny Stocks Are You Watching Next Month?
With so many penny stocks to choose from right now, finding the best ones for your watchlist can be challenging. However, because there is so much momentum in the stock market, making money with penny stocks is completely possible.
But, to have the best chance, investors need to do as much research as they can. This means understanding what will make a specific penny stock or industry move, and how to take advantage of that. Considering all of this, which penny stocks are you watching next month?
Read more: How To Buy Penny Stocks