best trending penny stocks to buy

When looking for penny stocks to buy, investors will often scour the internet for trending small-caps. This is a great way to find momentum with penny stocks, however, there are a few things that investors should keep in mind. 

For one, trending penny stocks tend to be highly volatile. While momentum can be large, often, we will see the ebb and flow of corrections and gains work against amateur investors. And for this reason, having a strategy, and understanding how to trade penny stocks will help to put you ahead of the game. 

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

Second, investors should have a thorough understanding of why the company is trending. Is it the result of recent news? Has it been trending online? These are questions that will help you to figure out what the recent momentum is all about and how to take advantage of it. 

Considering that there are so many penny stocks to choose from, it’s best to be selective with your watchlist. With that in mind, let’s take a look at three trending penny stocks to watch in October 2021. 

  1. Farmmi Inc. (NASDAQ: FAMI
  2. Camber Energy Inc. (NYSE: CEI
  3. Progenity Inc. (NASDAQ: PROG

Farmmi Inc. (NASDAQ: FAMI)

Farmmi Inc. is a penny stock that has been trending consistently over the past two weeks or so. Again during premarket, shares of FAMI stock are up by over 4%. This brings its five-day gain to almost 40%, which is no small feat. If you’re not familiar, this company processes and sells agricultural products.

Its main offerings are edible fungi products such as mushrooms, shiitake, Coprinus comatus, and more. These products are sold in its Farmmi Jicai online store under the Farmmi and Liangpin brands. Farmmi also sells these products to distributors, restaurants, and specialty stores.

[Read More] Best Penny Stocks To Buy? 4 Trending On Reddit While Facebook’s Down

On September 27th, the company received a multi-product sales order to Israel. The company’s subsidiary Zhejiang Forest Food Co. Ltd. received the order for dried whole and sliced shiitake mushrooms as well as dried black fungus. Since this order was received, FAMI stock has gone from $0.22 per share on average to $0.36 per share on average as of October 4th.

The Chairwoman and CEO of Farmmi, Ms. Yefang Zhang said, “We continue to execute on our business, and drive growth at existing and new customers. We are benefitting from robust demand in traditional geographies, including China, while developing new markets, including Israel.” It will be interesting to see what is next in Farmmi’s pipeline. For now, will this company make your list of penny stocks to watch?

Penny_Stocks_to_Watch_Farmmi_Inc._(FAMI_Stock_Chart)

Camber Energy Inc. (NYSE: CEI)

Camber Energy Inc. is an energy penny stock we have mentioned consistently over the past few weeks due to its market momentum. If you haven’t heard of CEI, it is an oil and gas corporation that is based in Texas. Its main focus is on acquiring and developing crude oil, natural gas, and natural gas liquids to sell. As of March 31st, 2020, its total estimated proved reserves totaled 133,442 million barrels of oil equivalent. Over the past few weeks, Camber Energy has made some incredible strides in value. In the last month alone, shares of CEI stock have shot up by an outstanding 218% bringing its one year gain to almost 300%. 

At the end of August, Camber announced that it had secured an exclusive IP license for a patented carbon-capture system. This exclusive intellectual property license agreement is related to stationary electric power generation and more. The ESG Clean Energy System is made to generate clean electricity from internal combustion engines and uses waste heat to capture almost 100% of CO2 without losing efficiency.

“In my view, this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices.”

President and CEO of Camber, James Doris

On October 4th, CEI stock’s volume was nearly double its market average. With this in mind, will you add CEI to your penny stock watchlist?

Penny_Stocks_to_Watch_Camber_Energy_Inc._(CEI_Stock_Chart)

Progenity Inc. (NASDAQ: PROG)

If you’ve read any of our last few articles, this is probably a familiar name. It was on the list of short squeeze penny stocks to watch before the end of last month. At the time, most outlets showed PROG stock short float percentage over 40%. We also discussed how it also had a relatively lower float, in general. Many times this can present an interesting scenario for high volatility. Fast-forward to this week, and we see exactly how that plays out.

PROG stock retested highs from Friday, which is also levels around its 100-day moving average. It failed to break above this last week, and so far, the area around $2 has remained a sticking point at the start of this week. However, something to keep in mind is that since our article last month, PROG stock has rallied roughly 100%. With that big move, it’s important to monitor any new levels to identify potential support or resistance.

Other than this technical move, thanks to high short interest, Progenity has some fundamental things to look at also. Progenity is developing products for molecular testing. The company has worked on advancing things like its PreecludiaTM test to rule out preeclampsia in pregnant patients.

A recent study demonstrated that Preecludia could “significantly distinguish” between the presence and absence of preeclampsia. Progenity was also granted a patent for its preeclampsia rule-out test. In addition to this, Progenity announced a $20 million registered direct offering of common stock on Monday, October 4th. This is most likely a move to capitalize on its recent momentum. 

[Read More] Best Energy Penny Stocks to Buy on Robinhood? 7 For Your List

Looking ahead, something to keep in mind if PROG stock is on your list is an upcoming presentation. Progenity will participate in the Partnership Opportunities in Drug Delivery Conference at the end of the month. VP of Strategy and Operations, Chris Wahl, MD, MBA, will join a panel titled, “Orally Ingestible Devices for Biologics Delivery.”

Penny_Stocks_to_Watch_Progenity Inc. (PROG Stock Chart)

Which Penny Stocks Are on Your Watchlist Right Now?

Finding the best penny stocks to buy is all about understanding the current state of the market and your own investing style. If we consider both of these, we find that making money with penny stocks can be much easier than previously imagined. So, with that in mind, which penny stocks are on your watchlist right now?


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 | news@pennystocks.com

Leave a Reply

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

You May Also Like

Junior Gold Stocks Creating Massive Opportunity for Investors!

An Immediate Stock Alert is Being Called On: IMC International Mining Corp…