3 Penny Stocks to Watch in September 2021
With the bullish streak for penny stocks continuing over the past week or so, investors seem excited about the near future. In the past two months, trading penny stocks and blue chips has not been the kindest to investors. And, this was the result of many unknowns surrounding Covid, the Delta variant, the spending package, and geopolitical troubles.
But with a few weeks behind all of those issues, many investors are showing that they are more comfortable with the current state of the economy. In addition, some major rallies with former penny stocks and current blue chips have led to an overall air of bullish sentiment in the stock market right now.
With September right around the corner, investors are showing positivity for this new month. And while it is just tearing off a page on your calendar, a new month does present a symbolic paradigm shift that could help to bring about bullish trading patterns in the market. Right now, there are still a lot of unknowns with almost everything going on in the world.
But, as we continue to traverse 2021, there are plenty of ways to make money with penny stocks. As always, research should be the backbone of your investing strategy alongside a trading education. So, with all of this in mind, let’s take a look at three penny stocks that you may want to add to your watchlist in 2021.
3 Penny Stocks For Your Watchlist in September
- Harmony Gold Mining Company Limited (NYSE: HMY)
- Globalstar Inc. (NYSE: GSAT)
- DatChat Inc. (NASDAQ: DATS)
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining penny stock that has pushed up by around 1% in the past five days. While this may not seem substantial, we don’t often see big moves made with mining stocks as they remain relatively stable. For some context, this company explores for, extracts, and processes gold in South Africa and Papua New Guinea.
In addition to gold, the company also looks for silver, copper, and uranium deposits. This means that its reach is much broader than that of a pure-play gold mining company. Currently, Harmony operates 9 underground operations and various surface treatment operations in South Africa.
On August 26th, the company released a trading statement and operating update for the year ended June 30th, 2021. Harmony announced an increase in earnings, revenue, and a higher reported translation gain on its US$ denominated debt compared to a loss the year before. It’s worth noting that Harmony Gold Mining Company Limited does not always see a direct impact as a result of news events.
Rather, the company’s stock price is heavily impacted by the price of materials like gold and silver. So if gold prices are going higher, HMY stock often will increase in tandem and vice versa. Interestingly enough, Harmony plans on releasing its financial results for the fourth quarter of the fiscal year 2021 today. With this in mind, is HMY stock a contender for your watchlist ahead of its financials release today?
Globalstar Inc. (NYSE: GSAT)
Globalstar Inc. is a penny stock that has seen sizable momentum in the past few weeks. In the last five days alone, shares of GSAT stock have shot up by over 85% bringing its YTD gain to over 590%.
If you’re not familiar with Globalstar, it is a communications company that provides mobile voice, data, satellite services, and equipment to a variety of markets. Its services are targeted at businesses that operate in remote locations. This includes safety-focused companies, and those who need emergency preparation tools.
On August 30th, a report from MacRumors was released that said Apple could potentially add satellite communications to the next iPhone. The article cited a report from analyst Ming-Chi Kuo who said that the iPhone 13 will offer low-earth-orbit satellite communications.
This would effectively allow users send messages or make calls. The same report states that Apple could possibly work with Globalstar to accomplish this goal. Because Globalstar is a leader in the off-grid communications industry, it makes sense that this rumor would affect GSAT stock.
In an investors note, Kuo said, “There are many potential scenarios for Apple’s business model cooperation with Globalstar.” Following this report being released, GSAT stock increased by more than 65% in the market.
GSAT stock hasn’t seen prices this high since February 2021, showing both the potency of its business model and the hype surrounding anything having to do with Apple. Keeping all of this in mind, will GSAT stock be on your list of penny stocks to watch?
DatChat Inc. (NASDAQ: DATS)
DatChat Inc. is a company that has seen more growth in the past month than almost any other stock in that time. DATS stock in mid-August sat at around $0.65, and as of August 31st, shares of DATS are at over $7.40. This is an incredible gain and totals around 1,050% in growth for shares of DatChat. While it technically isn’t a penny stock any more at, it was only a few days ago.
If you haven’t heard of DatChat, it is a communications company that provides services to consumers and businesses to allow them to directly connect with one another. Its main product is the DatChat Messenger & Private Social Network, which is an app for communicating privately.
DatChat has also seen some hype due to its blockchain-related technology. The company is actively developing a blockchain-based decentralized communications platform. On August 26th, the company announced that it has partnered with Rutgers University Computer Science through an industry affiliates program. DatChat will receive access to its engineering talent, collateral, research, and information.
“We understand the importance of building tools and applications with the highest privacy and security standards, and our partnership with Rutgers University will provide access to information and up-and-coming engineering talent. Protecting users’ privacy and information is the future of sustainable technology business.”Founder and CEO of DatChat, Darin Myman
Since this was announced, DATS stock price has understandably gone up in value. While large rises like this are usually unsustainable for the long term, right now, it does show that investors are excited about the potential that DatChat could offer. Considering this, will DATS stock be on your penny stocks watchlist in September?
Are These Penny Stocks Worth It or Not?
With so many penny stocks to choose from in 2021, it can be difficult to pick just a handful for your watchlist. However, with careful research and a dedication to your investing strategy, finding the best penny stocks to buy can be easier than previously imagined.
With penny stocks, it is just as important to consider the fundamentals alongside any speculative occurrences. And because of that, research will always be the top priority. Considering this, are these penny stocks worth it or not?