penny stocks to buy

3 Penny Stocks For Your October 2021 Watchlist 

With October right around the corner, those who invest in penny stocks are working to get ahead. One of the best ways to do so is to create a watchlist that aligns with the current state of the market. And in 2021, there are plenty of factors to keep you on your toes. The most obvious of these right now is Covid. While cases are declining in many areas around the world, the pandemic is still top of mind for investors. 

[Read More] Do These Penny Stocks Deserve a Place On Your Watchlist?

This means that it is still creating panic and major uncertainty in the market which is illustrated by the high volatility we are witnessing. While this week got off to a less than stellar start, we have seen bullish sentiment begin to resume in the stock market. And as a result, there are plenty of penny stocks that could be worth keeping an eye on. Of course, research will always be your best friend in the stock market. 

However, investors should carefully watch for any speculative events or news that can come into play. Because penny stocks are highly speculative, small or large events can trigger major movements in value. Considering all of this, let’s take a look at three penny stocks to watch in October 2021. 

3 Penny Stocks to Watch in October 2021 

  1. Meten Holding Group Ltd. (NASDAQ: METX
  2. NexGen Energy Ltd. (NYSE: NXE
  3. Regis Corporation (NYSE: RGS

Meten Holding Group Ltd. (NASDAQ: METX)

Meten Holding Group Ltd. is a penny stock that we have been discussing frequently due to its sizable movements in the past few days. Despite a 40% drop in value in the last month, it looks like shares of METX are beginning to see bullish sentiment. You may have heard us talk about this company as Meten EdtechX Education Group Ltd., however, the company changed its name last month. This is a company that provides English language training services in China. Its adult and junior ELT services are offered under the Meten, ABC, and Likeshuo brand names.

On September 7th, the company closed a $60 million underwritten public offering of ordinary shares. It also completed pre-funded warrants to purchase ordinary shares. This offering included 22,500,000 of its ordinary shares at a price of $0.30 per share. Also included in this offering were 177,500,000 pre-funded warrants. Meten plans to use the net proceeds for capital expenditures and general corporate and working capital needs. Aegis Capital Corp. was the sole book-running manager for this offering. It will be interesting to see what specifically Meten uses this new capital for. 

While its drop in value as a result of new Chinese legislation is disheartening, many Chinese education stocks have begun to bounce back. Noting this information, will METX stock make your penny stocks watchlist next month?


NexGen Energy Ltd. (NYSE: NXE)

NexGen Energy Ltd. is an energy penny stock that has made some major strides in value in the past year. Over the last six months, shares of NXE stock have climbed by over 37%. In the past YTD and twelve-month periods, those numbers jump up to over 80% and almost 200% respectively. For some context, NexGen Energy is a uranium exploration and development stage company based in Canada. The company acquires, explores, and evaluates various uranium properties. Its main asset is the Rook I project which has 32 contiguous mineral claims that total 35,065 hectares of land.

[Read More] Top Penny Stocks To Buy The Dip According To Analysts In September

In July, the company announced the commencement of its 2021 field and regional exploration drilling programs at the Rook I property. This property hosts various electromagnetic conductors and structural corridors that have yet to be explored. The reason that they have not been explored is due to NexGen’s focus on developing the Arrow Deposit. The company believes that all of the new target areas show similar geophysical characteristics to Arrow.

“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.”

CEO of NexGen, Leigh Curyer

Since this update was released, NXE stock has gone up in market value significantly. And, over the past few weeks, the average trading volume for NXE stock has shot up dramatically. Keeping this in mind, will NXE be on your list of penny stocks to watch next month?


Regis Corporation (NYSE: RGS)

In a similar case to METX, shares of RGS have not had the best year. With 44% in losses in the last month and an almost 57% drop over the YTD period, it’s tough to see why RGS stock could be worth it. However, in the past few weeks, we’ve seen bouts of bullish sentiment come in and out of RGS stock. This includes its almost 4% gain on September 22nd, and its 3.3% premarket gain on September 23rd.

If you’re unfamiliar, this company owns, operates, and franchises hair salons in various countries. You have likely heard of the brands that Regis Corporation operates its salons under. Some of these brands include Supercuts, Cost Cutters, First Choice Haircutters, and SmartStyle among others. As of June 30, 2021, the company operated 5,917 salons in total.

On August 25th, the company reported its fourth-quarter and full-year results for 2021. In addition, Regis announced the completion of its transformational phase and continued progress on its key foundational initiatives. Regis’ nominal sales continued to improve during this time period, and its system-wide sales during this period rose 4.2% year over year. It’s clear that Regis has been and still is being affected by the pandemic. But, with higher vaccine rates, more people could begin to go out and resume their hair care routines. For this reason, many put RGS stock into the reopening penny stocks category. 

President and CEO of Regis, Felipe Athayde said, “While we are still feeling the effects of the pandemic, Regis is well-positioned heading into fiscal year 2022 due to our achievements during a time of unprecedented challenges in fiscal year 2021.”

In the past few days, volume for RGS stock has been much higher than its market average. This could indicate the heightened popularity that the company is seeing right now. Considering all of this, is RGS going to make your list of penny stocks to watch this week?


Are Penny Stocks on Your October Watchlist?

If you’re making a penny stocks watchlist for October, there are plenty of things to consider. With economic inflation, Covid, and geopolitical ups and downs all affecting the market, there’s no doubting that volatility is high.

[Read More] High Volume Penny Stocks to Buy Now? Take a Look At These 3

But, with great price movements comes a great chance of making money with penny stocks. However, knowing how to do so depends on your level of trading expertise and your commitment to finding all the information you can. Considering all of this, are penny stocks on your October watchlist?

Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 |

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Penny Stocks To Buy According To Analysts & Price Forecasts Up To 439%

Penny Stocks To Buy With Bullish Price Forecasts