3 Penny Stocks to Watch in September 2021
With September already off to a bullish start for penny stocks, many investors are excited about what the future could hold. Although there are a lot of unknowns right now regarding Covid, economic inflation, and certain geopolitical events.
Regardless, we are seeing September get off on a positive note which is a great sign for investors. This is especially true considering that August was quite volatile across the board. As stated earlier, the largest impacting factor on the stock market right now is Covid. And this makes sense given that cases have been surging around the country.
So, to take advantage of this, investors need to do as much research as they can and stay up to date on what the latest news is regarding the pandemic. In addition, there are several industries that are benefitting now, and some that could benefit if the pandemic lessens in severity.
Right now, this includes tech penny stocks, biotech penny stocks, and a few others. And for the long term, reopening penny stocks could be worth looking into. This includes entertainment stocks and energy stocks among others.
So, at the end of the day, finding the best penny stocks for your list all comes down to knowing where to look. And with the right research on hand, investors can have an easier time stumbling across potential winning penny stocks. Considering this, here are three for your September watchlist.
3 Penny Stocks For Your September Watchlist
Denison Mines Corp. (NYSE: DNN)
Denison Mines Corp. is a popular mining penny stock that has pushed up in value by almost 30% in the past five days. This brings its YTD gain to over 105%, which is no small feat. If you’re unfamiliar, Denison is a uranium exploration and development corporation. Its main project is the Wheeler River Uranium project located in the Athabasca Basin region in Saskatchewan, which it has a 90% interest in.
On August 5th, 2021 the company reported its operational results from the second quarter of 2021. The company completed an acquisition of 50% of JCU Exploration Company Limited for $20.5 million during the quarter. The company also received $5.8 million in connection with the conversion of Uranium Participation Corporation into the Sprott Physical Uranium Trust.
In addition to this, Dension increased its anticipated ISR mining head grade at its Phoenix property by 50%. Right now, the uranium industry is on fire as investors look to clean energy penny stocks for profits. Because uranium is an extremely efficient and environmentally energy source, many investors believe in its long-term future. With this in mind, will DNN stock be on your September penny stocks watchlist?
DarkPulse Inc. (OTC: DPLS)
DarkPulse Inc. is another penny stock that has climbed substantially in the past few weeks. Over the last six months, DPLS stock has shot up by a staggering 485% to $0.12. This company offers engineering, installation, and security management solutions. DarkPulse is involved in the development, marketing, and distribution of these products which makes it a vertically integrated entity.
It currently develops a BOTDA dark-pulse sensor technology that allows a data stream of critical metrics for assessing the health of a company’s infrastructure. On August 30th, the company finalized the acquisition of a drone-based A.I. company that offers remote intelligence and wildlife specialties.
“These acquisitions bring capabilities for existing business through our subsidiary Optilan while expanding our services offerings immediately. Remote Intelligence not only allows platform integration with DarkPulse’s monitoring services by providing drone-based ‘eye in the sky’ capabilities but allows DarkPulse and Optilan to expand its current service offerings to new and existing customers.”Chairman and CEO of Darkpulse, Dennis O’Leary
This is a big deal for the company and one that could help with expansion both in the present and down the road. As stated earlier, the company has experienced a lot of positive growth in the last 6 months. 6 months ago, DPLS stock was at $0.01 per share on average which puts it well into the penny stock category. And at $0.14, it is still a relatively cheap stock. Keeping this in mind, is this a contender for your list of penny stocks to watch?
Farmmi Inc. (NASDAQ: FAMI)
Farmmi Inc. is a penny stock that we have covered numerous times in the past few months. This is due to its sizable intraday gains and the momentum that FAMI stock has as a Reddit penny stock. If you haven’t heard of it, Farmmi is a company that sells agricultural products such as edible fungi, mushrooms, and shiitake. The company is involved in the processing and sale of these products. Its products are sold via its Farmmi Jicai online store, which offers brands such as Forasen and Farmmi Liangpin.
On September 1st, the company announced that it has won a new order for the export of dried whole Shiitake mushrooms to Lebanon. This deal was done by the company’s subsidiary Zhejiang Farmmi Biotechnology Co. Ltd.
“This is another developing market for Farmmi and we are pleased to be working with customers to expand our product shipments there. We have seen considerable momentum led by the increased sophistication of consumer diets, the desire for more vitamin and nutrient-rich products, and the mainstreaming of meatless choices.”CEO of Farmmi, Ms. Yefang Zhang
In the past five days, shares of FAMI stock have shot up by around 4% and since August 20th, by over 15%. While FAMI stock is still down by a large margin on the year, it could have potential as a penny stock to watch moving forward.
Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy all comes down to understanding how the market is moving. With so many penny stocks to choose from, it can be a daunting task to pick one or two for your watchlist.
However, with the right research on hand, and a dedicated trading strategy, making money with penny stocks can be much easier than previously imagined. With all of that in mind, which penny stocks are you watching right now?