best penny stocks to buy now

These 3 Penny Stocks Could Be Worth Watching in October 

Finding the best penny stocks to buy in 2021 does not come without its challenges. Because of the overwhelming number of factors impacting the stock market right now, it is difficult to find potentially valuable penny stocks without the right research on hand. And while it may be difficult, it is no where near impossible. 

[Read More] Best Penny Stocks to Buy in October? Here’s 3 You Need to Know

Because there are so many penny stocks to choose from, finding ones that will make you money takes a dedication to understanding the current state of the market, and having a decent trading strategy. As we see, the best investors are always the ones with the most information at hand. For this reason, it is crucial to stay up to date with everything that is going on in the market. So, with that in mind, let’s take a look at three penny stocks that could be worth watching in October 2021. 

3 Penny Stocks to Watch in October 2021 

  1. Sio Gene Therapies Inc. (NASDAQ: SIOX
  2. Sino-Global Shipping America Ltd. (NASDAQ: SINO
  3. Superior Drilling Products Inc. (NYSE: SDPI

Sio Gene Therapies Inc. (NASDAQ: SIOX)

Sio Gene Therapies Inc. is a biotech penny stock that has seen some solid momentum in the past few days. While SIOX stocks performance this year is nothing to write home about, the company does have some interesting prospects. For those unfamiliar with Siox, it is a company that creates gene therapies for those with neurodegenerative diseases. It currently is developing AXO-Lenti-PD which is in Phase 2 clinical trials to treat Parkinson’s disease. The company is also developing AXO-AAV-GM1 which is in Phase 1 / 2 trials to treat GM1 gangliosidosis.

On October 4th, the company released a new update that impacted its stock price. Sio Gene stated that it will present new data at the European Society of Gene and Cell Therapy Virtual Congress 2021. The company will present new clinical and preclinical data via two oral presentations from October 19th to October 22nd. These presentations will include an update on its Phase 1 / 2 trial of AXO-AAV-GM1, for treating GM1 gangliosidosis.

The company will also present a poster review of patient-level data up to 24 months from the Phase 1 / 2 study of AXO-Lenti-PD for Parkinson’s disease. Presentations are always exciting for investors to consider as they allow for new insight into a company’s business. Based on this development, will SIOX make your penny stocks watchlist in October?


Sino-Global Shipping America Ltd. (NASDAQ: SINO)

Sino-Global Shipping America Ltd. is a penny stock that is up by almost 50% in the past twelve months. For some context, Sino-Global is an industrial company that is based in the United States. Specifically, Sino-Global provides freight logistics and integrated solutions for shipping. This includes shipping agency services, management services, and more. In addition, the company loads and discharges items and offers protective agency services. 

On October 4th, the company announced that it has entered a Bitcoin mining machine joint venture with Highsharp. The joint venture will have collaborative engineering, technical development, and commercialization of a proprietary bitcoin mining machine, and more.

[Read More] 5 Top Penny Stocks To Watch In The Stock Market Today

This Bitcoin mining machine will be named “Thor”, and the company will have exclusive rights with design, intellectual property, branding, and more. Right now, the market on cryptocurrency is extremely hot. This is especially true considering the recent gains with cryptocurrencies like Bitcoin and DogeCoin. While SINO is not a pure play crypto penny stock, it is working to move into this potentially profitable industry. 

“This is a major strategic development for Sino-Global with the potential for significant long-term financial benefit. The name we chose underscores our JV’s considerable combined resources, market knowledge, and capacity to address unmet demand for high-quality, reliable digital mining machines.”

The CEO of Sino-Global, Mr. Lei Cao

On October 4th, SINO stock’s volume was more than double its average in the market. With this in mind, will SINO be on your list of penny stocks to watch?


Superior Drilling Products Inc. (NYSE: SDPI)

Superior Drilling Products Inc. is an industrial penny stock that managed to fallen value by over 20% during today’s trading. As a result, you might be wondering why it’s on this list. And the short answer is that if we take a step back, we see that shares of SDPI stock have shot up by over 60% in the past five days. 

In its YTD and one year periods, SDPI stock has pushed up by over 140% and 300% respectively. These are major gains, and underscore today’s double digit percentage drop. If you’re not familiar, this is a company that engages in offering repairs drilling and completion tools in multiple countries around the world. One of its products is Drill-N-Ream which is a dual-section wellbore conditioning tool. Another one of its products is Strider which is a drill string oscillation system technology.

On August 13th, the company reported its second-quarter financial results for 2021. During this period, its second-quarter revenue went up to $1 million quarter over a quarter to a total of $3.4 million. On a year-over-year basis, the company’s revenue went up to $1.4 million. In addition, Superior’s rig efficiencies drove higher levels of drilling activity with more wells and more footage even as its rig count stabilizes.

“We believe our strong growth this quarter clearly demonstrated the value of our Drill-N-Ream® (“DNR”) well bore conditioning tool as well as the growing demand for our manufacturing capabilities.

The DNR is enabling drilling innovation. We believe that by including our tool in their drill string, producers are able to drill more complex well profiles and increase the total flow area of their wells while covering greater footage in shorter amounts of time.” 

Chairman and CEO of Superior Troy Meier

On October 4th, SDPI stock managed to climb by over 23% in the market. On the same day, its volume was over 73 million compared to an average of under 1 million. So despite its less than stellar performance today, SDPI stock could be worth keeping an eye on moving forward. With this information in mind, will SDPI stock make your watchlist right now?


Are Penny Stocks Worth Buying Right Now?

While this question is difficult to answer off the bat, it truly depends on your investing style and your tolerance for risk. Because there are hundreds of penny stocks to buy, it all comes down to locating the ones with the most value.

[Read More] Investing in Penny Stocks Right Now? Here’s 3 You Need to Know

This means researching individual industries and understanding the different value points that they may offer. Considering all of this, do you think that penny stocks are worth buying right now or not?

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