3 Penny Stocks For Your Mid-September Watchlist
With Dow futures jumping by more than 200 points so far, penny stocks could be in for a bullish reversal. In the past few weeks, trading penny stocks has been difficult, to say the least. With cases rebounding for Covid during that time, the confidence that many investors had in the future, slowly began to drop.
However, with the numbers beginning to improve in some states around the country and the stock market showing signs of a rebound, investors are hopeful for the market to begin performing positively.
Now, it’s worth noting that it is difficult and borderline impossible to accurately predict what the market will do. But, if we use all of the information we have and keep a close eye on the news, it can be much easier to make assumptions. The largest impacting factor on penny stocks right now and in the past year and a half has been Covid.
So, with Covid cases showing a lower 7-day average right now, we could see greater potential if things continue to go in the right direction. Because of this, many investors are watching reopening penny stocks right now. This includes entertainment stocks and travel stocks. So, with all of this information in mind, let’s take a look at three penny stocks for your mid-September watchlist.
3 Penny Stocks To Watch in September 2021
GEE Group Inc. (NYSE: JOB)
GEE Group Inc. is an industrial company that provides staffing and placement services. It offers placement for IT, accounting, engineering, medical, and many other industries that need outside hiring help. Its commercial staffing services are offered under the Ashley Ellis, Access Data Consulting, Agile Resources, General Employment, and Omni-One brand names. This allows it to participate in the staffing of a wide variety of business types. It also provides direct-hire professional staffing services under multiple brand names as well such as Staffing Now.
On August 16th, the company reported strong results for the fiscal third quarter of 2021. The company’s revenue went up 43.1% year over year to $38.1 million. Its gross profit also rose about 43% year over year during this period. Over the fiscal 2021 second quarter, its adjusted EBITDA rose by 52%. All of these numbers are exciting for both the company and investors alike. And as a result, shares of JOB stock have climbed by around 10% in the past month.
“The top line exceeded $38 million, which represented the highest quarterly revenues achieved by the Company since the same quarter two years ago in fiscal 2019. There is no question that demand is returning to all our businesses since the lows of last year and we have now seen steady quarterly revenue growth and overall improving bottom-line results since last year’s June quarter.”Chairman of GEE Group, Derek Dewan
Based on this new information, will you be adding JOB to your penny stocks watchlist?
NexGen Energy Ltd. (NYSE: NXE)
NexGen Energy Ltd. is an energy penny stock that has managed to push up by over 40% in the past month. This brings its YTD gain to over 119%, and twelve-month gain to over 225%. These numbers are highly encouraging and show both the resiliency of the energy industry and NXE’s business model.
If you’re not familiar, NXE is a uranium company that engages in the acquisition, exploration, and evaluation of uranium projects. NexGen’s projects include its main asset, the Rook I project. This project has 32 contiguous mineral claims that total over 35,065 hectares.
On July 26th, the company announced the commencement of its 2021 field and regional exploration drilling programs at its Rook I project. This project will host numerous electromagnetic conductors and structural corridors that are yet to be explored.
“Recommencement of field activities incorporating regional exploration whilst simultaneously advancing the Rook I Project through final engineering and permitting is an exciting time for NexGen. The NexGen group has a tremendous track record of discovery and the geological team has been looking forward to recommencing exploration drilling on what they consider to be the most prospective land package globally.”CEO of NexGen Energy, Leigh Curyer
One thing to look out for with NXE stock is the demand for uranium. And, this demand ties into anything related to renewables. Because uranium is a high-potential renewable energy source, many investors are keeping a close eye on NXE stock right now. With this in mind, will NXE be on your watchlist this month?
Ur-Energy Inc. (NYSE: URG)
Ur-Energy Inc. is another uranium penny stock that has seen sizable bullish sentiment in the past few weeks. In the past month, shares of URG stock have climbed by over 40% bringing its YTD gain to over 118%. These numbers are similar to that of NXE, showing that there is a lot of bullish sentiment with uranium right now.
Similar to NexGen, this company acquires, explores, develops, and operates uranium mineral properties. Currently, Ur-Energy has interests in 12 projects. These United States located projects include the Lost Creek project, which has 1800 unpatented mining claims.
In early August, the company released its second-quarter results for 2021. The company had cash resources consisting of cash and cash equivalents of $21.5 million. Additionally, the company received a forgiveness of debt during the quarter. The company states that its finished and ready-to-sell conversion facility inventory value is immediately realizable if necessary too.
“We ended the period with more than $20 million in cash and 285,000 pounds U.S. produced U3O8 in inventory at the conversion facility. We continued to advance regulatory approvals at both our Lost Creek Property and Shirley Basin Project.”CEO and Chairman of Ur-Energy, Jeff Klenda
In the month since these results were released, URG stock has gone substantially in the market. And recently, the trading volume for URG stock has been much higher than its average. With all of this in mind, is URG worth adding to your list of penny stocks to watch or not?
Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy in 2021 can be challenging. But, with so many penny stocks to choose from, it can be much easier than previously imagined. In order to make money with penny stocks, investors need to have a thorough understanding of the current market conditions. So, with all of that considered, which penny stocks are you watching right now?