3 Penny Stocks to Watch With September Halfway Done
With September already at the halfway point, there are plenty of penny stocks that investors are watching. And while it may seem easy at first to find valuable penny stocks to buy, it does take some time and a dedication to research. When looking for the best penny stocks, there are a few things that you should know about each company.
First and foremost is, investors should take a deep dive into the company’s financials. This means understanding what its revenue is, what its debt is, and any future projects it has on the horizon. Having a thorough understanding of these will give you a better chance of making money with penny stocks that you’re interested in.
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In addition to this, knowing what the company does and what announcements it could make in the near future could indicate any speculative movement on the horizon. Considering that the stock market is highly volatile right now, it’s also a good idea to understand what your individual threshold for risk is. So, with all of this in mind, here are three penny stocks to watch in the second half of September.
3 Penny Stocks For the Second Half of September
- Teligent Inc. (NASDAQ: TLGT)
- New Gold Inc. (NYSE: NGD)
- MICT Inc. (NASDAQ: MICT)
Teligent Inc. (NASDAQ: TLGT)
Teligent Inc. is a biotech company that sells injectable pharmaceutical products. The company also sells generic topical and branded generic products. All of its products are offered in the dosage forms of topical, injectable, complex, and ophthalmic. These products are sold through wholesalers, distributors, drug stores, and more. Because of its wide breadth of product offerings, TLGT stock could be considered a more diversified biotech play. In addition, there is a lot of bullish sentiment in the biotech industry right now.
On August 16th, the company reported its second-quarter earnings for 2021. The company experienced a decrease in total revenues because of the COVID-19 pandemic and lost contract volume due to remediation-related activities. The company’s net loss did fall during this period in time though. While this may seem disheartening, the company does have a lot of prospects in the works.
“Looking ahead, we are assessing several new opportunities within the injectables segment of our end markets, which we believe will help strengthen the long-term growth prospects of our business. We look forward to providing further details on our assessment in our earnings call and updating our investors on these initiatives throughout the second half of 2021.”
President and CEO of Teligent, Tim Sawyer
In the last few days, TLGT stock has gone up in the market. Its volume is also around two times its average at the moment. So considering this, will Teligent make your penny stock watchlist right now?
New Gold Inc. (NYSE: NGD)
New Gold Inc. is a penny stock that has seen some substantial increases in value in the past few weeks. If you’re unfamiliar, this is a company that mines for gold and develops various mineral properties. In addition to gold, this company also searches for silver and copper deposits. The company’s main operation is the Rainy River gold and silver mine in Canada, which it holds a 100% interest in. The company also has the New Afton gold-copper mine, also located in Canada.
On September 13th, the company updated its operational outlook. In early August, New Gold stated that its July production at the Rainy River mine was from the eastern area of the ODM zone at the project. Now the company has experienced a decrease in its near-term guidance at the project. In July and August, the high and medium grade ore from the East Lobe negatively reconciled to ounces mined.
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As a result, there were 20,000 lower gold ounces produced in this time period. President and CEO Renaud Adams said, “While the reduction in our near-term guidance at Rainy River is unfortunate, I remain confident the mine has reached an inflection point, as evidenced by the free cash flow generated in the second quarter and the mine is on track to deliver an improved second half of the year.”
Investors don’t seem to be too concerned with this update, as on the same day its stock price went up by more than 2.4% in the market. The company’s volume is also higher than its average at the moment. With all of this mind, will NGD stock be on your watchlist in mid-September?
MICT Inc. (NASDAQ: MICT)
MICT Inc. is a tech penny stock that we have discussed frequently in the past few months. This is a company that designs, develops, manufactures, and sells various devices and software. The company’s projects are mostly sold to fleet operators and field workforces.
In addition to these products, MICT offers a proprietary trading technology platform and online investment and wealth services. As you can see, MICT Inc. is quite broad in how it operates. The company has hands in several different industries, but overall, it is a mainstay in the tech marketplace.
In mid-August, the company reported a 50% quarter-over-quarter growth in insurance revenues. In the second quarter, its insurance business revenues went up by 50% over the first quarter of 2021. Its total consolidated revenues went up 38% quarter over quarter as well. The company is now preparing for its Magpie stock trading app to launch. The platform is in the final stages of testing and is preparing for a full launch in the middle of this month. These are all exciting prospects for both the company and investors alike.
“We are merely at the beginning of each of the development and growth of our business verticals and the feedback we have already received has been very positive, I believe there is reason for optimism, and I am very excited about our future prospects.”
CEO of MICT, Darren Mercer
MICT stock’s volume is more than 3.5 times higher than its average in the market right now, which is quite a substantial increase. Keeping this new information in mind, will MICT 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 where to look. With so many choices in 2021, it can be complicated to make a penny stocks watchlist that will be profitable.
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But, with the right research and a commitment to a trading strategy, making money with penny stocks right now can be easier than previously imagined. Considering all of this, which penny stocks are you watching right now?
