4 Penny Stocks Moving in Premarket Trading Right Now
With the market taking a bullish turn in the past few trading days, penny stocks are beginning to heat up again. And with a new month around the corner, there is a sizable amount of momentum as we barrel toward the end of the year. In 2021, there are a few things that investors need to consider before putting any money into the stock market.
The first and most obvious of these is Covid. While cases have begun to decline in some parts of the world, the pandemic is still very much around. And as a result, some investors are taking a cautious approach. One way to find potential penny stocks to buy is to look at premarket gainers.
While this is not always a method that will allow you to make money with penny stocks, it can help to find stocks with momentum. Sometimes when we see a premarket gainer, there is likely news that is backing the upswing. However, this is not always the case. But, it is important to stay up to date to see what, if any, news could be affecting the price of penny stocks on your list.
So, while investing in penny stocks and blue chips can be difficult in 2021, there are plenty of ways to stay ahead. As a result, making money with penny stocks is entirely possible. With that in mind, let’s take a look at four penny stocks that are moving in premarket.
4 Penny Stocks to Watch Moving in Premarket Right Now
- American Battery Metals Corp. (OTC: ABML)
- WiMi Hologram Cloud Inc. (NASDAQ: WIMI)
- Zivo Bioscience Inc. (NASDAQ: ZIVO)
- Unique Fabricating Inc. (NYSE: UFAB)
American Battery Metals Corporation (OTC: ABML)
American Battery Metals is a company that explores for, mines, extracts, and recycles battery materials. It operates in three sections; lithium-ion battery recycling, battery metal extraction technologies, and primary resources development. In addition, American Battery Metals operates a cleantech platform for increasing the production of primary metals used in batteries. These metals are used in a variety of applications. This includes the batteries that power electric vehicles, grid storage applications, and the majority of electronics we use daily.
On September 22nd, American Battery Metals announced that it has expanded its primary battery metal extraction development. The company’s development now includes nickel and cobalt resources in addition to lithium. This was accomplished via a collaborative agreement with Global Energy Metals Corporation.
“Our partnership between American Battery Technology Company and Global Energy Metals Corporation represents a complementary and actionable effort towards establishing a North American supply of critical and strategic materials that will fuel the global transition towards an electrified and domestic closed-loop circular economy.”CEO of American Battery Metals, Ryan Melsert
This company is currently in the process of changing its name to American Battery Technology Company. With all of this new information in mind, will ABML be on your penny stocks watchlist?
WiMi Hologram Cloud Inc. (NASDAQ: WIMI)
WiMi Hologram Cloud Inc. is a penny stock that you likely haven’t heard of. However, after shooting up by almost 40% during intraday trading on September 22nd, many investors took note. Since then, shares of WIMI stock have corrected to right around the $4 mark, however, the reason behind its gain is worth considering. Before we get into that, let’s talk about what WiMi does. WIMI is a tech corporation that creates augmented reality-based holographic services. Its primary product is holographic AR advertising and holographic AR entertainment products. This includes ad implementation in films, shows, and game distribution among many other services.
On September 22nd, the company provided its unaudited financial results for the first half of 2021. The company’s total revenue during this period went up 202.2% year over year to $79.9 million. In the first six months of 2021, the company’s gross profit went up 189.8% year over year. In addition, WiMi’s R&D expenses and net income went up 463.6% and 40.3% respectively as well. These numbers are very exciting and are without a doubt, the reason for WIMI stock’s recent momentum.
“We increase R&D investment and improve the holographic AR technology capabilities rapidly, in order to maintain the company’s leading competitive edge in the AR holographic industry. Looking ahead to 2021, driven by the metaverse and holographic AR industries, we believe that the performance will continue to grow at a high speed.”Founder and CEO of WiMi Hologram, Shuo Shi
On the same day of this announcement, WIMI stock jumped substantially as mentioned above. The company’s volume also came in at around 68 million compared to its average of just above 1 million. Amid all of this positive momentum, will you add WIMI stock to your watchlist?
Zivo Biosciences Inc. (NASDAQ: ZIVO)
One of the biggest premarket gains today came in as ZIVO stock, pushing up by 100% by 9:30 AM EST. While it’s difficult to pinpoint a reason for this gain, news did come out earlier in the week. The news stated that Robert Rondeau Jr. had resigned as director of the board.
After uplisting to the NASDAQ only a month or two ago, the company has since seen heightened momentum. For some context, Zivo is a biotech penny stock that is working on creating health and nutritional benefit-related bioactive compounds. It derives these from its proprietary algal cultures, which can be used in everything from dietary supplements to pharmaceuticals in humans and animals.
In a letter sent to shareholders from CEO Andrew Dahl, Dahl stated that “2021 has turned into a watershed moment in the Company’s history and future outlook. After years of stopgap funding and on-off R&D, we find ourselves in the strongest financial position ever and a portfolio of products with great promise and prospects.”
So, with this major gain recorded during pre-market, it seems as though Zivo could be getting the attention it deserves. Considering all of this, do you think that ZIVO stock is worth adding to your watchlist right now?
Unique Fabricating (NYSE:UFAB)
With reopening efforts in full swing, everything from manufacturing to construction are a focus. Unique Fabricating is in a unique segment of this reopening matrix as it provides engineered materials likely used in not so obvious places. You might not think about it but to construct anything from plumbing to full buildings, there’s more than just piping and drywall to think about. Unique provides foam, rubber and plastic components used for noise and vibration mediation as well as air and water sealing applications.
Industries ranging from transportation and consumer markets to medical and even appliances use Unique’s solutions. While there haven’t been many headlines from the company, interest began growing after insiders started buying shares of UFAB stock. A slew of Form 4s came out late Thursday showing Directors and larger 10%+ stakeholders picking up shares of UFAB. In total, more than 200,000 shares had been picked up. With this vote of confidence from insiders, the market perked up.
Furthermore, Unique is also a relatively low float penny stock. It shows fewer than 12 million shares outstanding. In addition, some accounts peg the float around 9 million. In any case, the insider transactions have been something to follow and are a source for early momentum in UFAB stock. Will it be on your list of penny stocks today?
Are Premarket Gaining Penny Stocks Worth Buying?
Finding the biggest premarket gainers can be a great strategy to use depending on your investment goals. But, to understand which penny stocks are the best for you, investors should look inward to fully understand what type of trader they are and how to use that as a benefit.
Considering that there are hundreds of penny stocks to buy, doing all of the research possible will help to narrow down your list. With that in mind, are these premarket gaining penny stocks worth buying or not?