best penny stocks to buy

3 Top Penny Stocks That Could Be Worth Adding to Your Watchlist 

Finding the best penny stocks for your watchlist is all about understanding where to look. While there are hundreds of penny stocks to choose from, not all of them will offer the same value point as others. So, if you’re making a penny stocks watchlist, the best place to start is by understanding your own investing style and tolerance for risk. 

On one hand, investors can take a more conservative pathway. This means looking for low-risk, low-volatility penny stocks. While this can be challenging, there are plenty of options out there. The more popular strategy that investors tend to use with penny stocks is swing trading. This means looking for intraday trends and using them to make small or medium gains that add up. 

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Swing trading tends to be the more popular method as penny stocks are usually quite volatile. This leaves a large amount of price action to take advantage of. And, if we also consider the sheer number of factors impacting the stock market, we see that there is plenty of momentum right now, and likely in the future. So, with all of this in mind, let’s take a look at three top penny stocks to watch that are making big moves right now. 

3 Top Penny Stocks For Your October Watchlist 

  1. Adamis Pharmaceuticals Corp. (NASDAQ: ADMP
  2. Denison Mines Corp. (NYSE: DNN
  3. Agile Therapeutics Inc. (NASDAQ: AGRX

Adamis Pharmaceuticals Corporation (NASDAQ: ADMP)

Adamis Pharmaceuticals Corporation is a biotech penny stock that has climbed by over 15% in the past five days, bringing its six-month and YTD gains to over 73% and 127% respectively. If you’re not familiar, Adamis is a company that develops and commercializes products for allergies and respiratory disease. One of its products is the Symjepi Injection for use in acute allergic reactions. It also has APC410 for treating respiratory diseases including asthma and COVID-19.

On October 18th, Adamis received approval from the U.S. Food and Drug Administration for its ZIMHI product. ZIMHI is a high-dose naloxone injection product used for opioid overdose. It works by blocking or reversing the effects of the opioid. In the 12 months ending March 2021, more than 96,000 people died from drug overdoses. This makes it the leading cause of death for Americans under 50 years old.

“We are very excited by this approval and are working with our commercial partner, US WorldMeds, to make this much-needed, lifesaving product readily available to the market. ZIMHI provides the highest systemic levels of naloxone compared to any of the nasal or intramuscular products currently available.”

The CEO and President of Adamis, Dr. Dennis J. Calo

Following this announcement, shares of ADMP stock soared in the market. With this in mind, will ADMP be on your list of penny stocks to watch?


Denison Mines Corp. (NYSE: DNN)

Denison Mines Corp. is a mining penny stock that has seen a tremendous amount of bullish sentiment in the past few days. Over the last five, shares of DNN stock have shot up by over 30% with its YTD and one-year gains at over 170% and 430% respectively. These are very sizable upticks and should not be ignored by prospective investors. For some context, Denison is a company that actively explores for and develops uranium assets. Its main asset is the Wheeler River uranium project located in the Athabasca Basin in northern Saskatchewan. It’s worth noting that Denison owns a 95% interest in the Wheeler River project.

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At the tail end of September, Denison announced an at-the-market offering agreement. Denison made this agreement with Cantor Fitzgerald and Scotia Capital. This equity distribution agreement allows Denison to offer and sell common shares of up to $50 million on the Toronto Stock Exchange and or the NYSE American.

The company sees this agreement as a potentially valuable tool for future access to the public market. Denison plans to use any proceeds from the at the market offering to fund its mineral property evaluation and project engineering activities and more. On October 18th, DNN stock’s volume is more than double its average. Its stock price also rose by 12.73% on the same date. Considering the sizable bullish momentum surrounding DNN stock, is it worth adding to your watchlist or not?


Agile Therapeutics Inc. (NASDAQ: AGRX)

Agile Therapeutics Inc. is another biotech penny stock that is performing well in the market right now. With 26% in gains in the past five days, it is clear that there is a bullish turnaround occurring for AGRX stock. This company offers prescription contraceptive products for women. Agile is involved in the research, development, and commercialization of these products. Its main product, Twirla, is used as a weekly prescription contraceptive patch. It also is developing a pipeline of Twirla line extensions and other products.

On October 4th, the company announced that the California Medicaid Program has added Twirla to the preferred drug formulary list as of October 1st, 2021. This means that Twirla is on the formulary for Medi-Cal and related programs which reach about 15 million beneficiaries. The preferred drug list placement will apply to those who get pharmacy benefits through FFS plans and related programs like Family PACT.

“We continue to pursue expanding access to Twirla to as many women as possible. Broad access to as many contraceptive choices as possible, including the only contraceptive patch that delivers a low dose of estrogen, Twirla, allows a woman to select the contraceptive product that is right for her.”

CEO of Agile, Al Altomari

In the last 5 days, AGRX stock price has climbed significantly. Its volume is at 19 million compared to just above 1 million on average as of October 18th. With all of this in mind, will AGRX stock make your list of penny stocks to watch?


Which Penny Stocks Are You Watching Right Now?

If you’re looking for the best penny stocks to buy, there’s no time like the present. With the overwhelming number of factors impacting the stock market, there is plenty of action to take advantage of.

[Read More] Penny Stocks To Watch Today As Buying Drives ADMP, IO, LPCN & Others

Considering that, investors need to stay on their toes to see which penny stocks may be best for their portfolios individually. And, investors should also have a thorough understanding of their unique trading style. With all of this in mind, which penny stocks are you watching right now?

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