best penny stocks buy now

3 Penny Stocks to Add to Your November 2021 Watchlist 

With November coming up just as fast as October went, the time to find penny stocks to buy is now. But, it’s not as simple as making a penny stocks watchlist and hoping for the best. Rather, investors need to take time, put in the research, and understand exactly where the market is headed. The best way to do so is to glance at what is going on in the world. 

[Read More] Best Communications Penny Stocks to Watch Right Now

While this may seem broad, we find that penny stocks are more speculative than blue chips by a long shot. This means that both industry and company-specific news will likely have an effect on the stock you’re watching. For that reason, staying up to date on everything that is going on, can give you a competitive edge against the market. 

Right now, there is also a large amount of bullish sentiment in the stock market. This is illustrated by the major gains we’ve seen throughout the past few weeks. And with the Dow Jones continuing to hover near all-time highs, it’s no wonder that so many investors are paying attention. So, with all of this in mind, let’s take a look at three penny stocks to add to your November watchlist. 

3 Penny Stocks to Watch in November 2021 

  1. Aikido Pharma Inc. (NASDAQ: AIKI
  2. Borqs Technologies Inc. (NASDAQ: BRQS
  3. Denison Mines Corp. (NYSE: DNN

Aikido Pharma Inc. (NASDAQ: AIKI)

AIkido Pharma Inc. Is a biotech penny stock that has been climbing in several recent trading sessions. If you’re unfamiliar, Aikido is a company that makes anti-cancer therapeutics in the form of small-molecule drugs. Its pipeline includes products for various types of leukemia and pancreatic cancer. One of its products is KPC34, which is a small molecule treatment for acute myeloid leukemia and acute lymphoblastic leukemia. Additionally, it is developing an antiviral platform to inhibit replication of viruses including COVID-19.

At the end of September, Aikido Pharma announced an interest acquisition in Tevva Motors Ltd. Tevva is an electric truck maker with range extended vehicles that are currently on the road. It creates these medium duty commercial vehicles using a system engineering approach. These trucks are made with safety, reliability, and durability in mind.

“From a commercial standpoint, delivery trucks are a $100 billion global market and demand for a cost effective, zero emission solution is growing by the day. With strategic partners and early customers including, Ryder, Hitachi and UPS, and with Tevva vehicles already being used in their delivery services, Tevva is well positioned to take advantage of this rapidly growing sector.”

CEO of Aikido Anthony Hayes

While this is outside the typical realm of Aikido’s business, it does present an opportunity for investors to capitalize upon. Recently, AIKI stock’s volume has been much higher than its market average. With this to note, will AIKI be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_AIkido_Pharma_Inc

Borqs Technologies Inc. (NASDAQ: BRQS)

Borqs Technologies Inc. is another penny stock that has made incredible strides in the past few weeks. This is a tech company that creates software, offers development services, and provides Android smart connected devices. Its BorqsWare Client software is used in some Android phones, tablets, watches, and more. This is a part of its BorqsWare software platform that also includes BorqsWare Server.

[Read More] 5 Short Squeeze Penny Stocks To Watch For November 2021

On October 21st, the company acquired 51% of Holu Holu Energy LLC. Holu Holu is an energy storage systems company that operates in California, Hawaii, Wisconsin, and Shanghai. A purchase consideration in cash and ordinary shares of Borqs will be based on the performance of HHE in 2022 and 2023. Holu Holu’s financial results will be consolidated into Borqs starting in the fourth quarter of 2021. 

With this announcement, the company has reaffirmed its revenue forecast of $48 million for HHE. The cash payments to HHE have already been secured in recent financing. Just a few days after this announcement, BRQS stock price was up 28% in the market, indicating its popularity during that period. BRQS stock volume is also over 20 million higher than its average over the past few sessions. Considering all of this new information, will BRQS stock be on your watchlist in October?

Penny_Stocks_to_Watch_Borqs_Technologies_Inc_BRQS_Stock_Chart

Denison Mines Corp. (NYSE: DNN)

Denison Mines Corp. is a penny stock that we have discussed numerous times in the past few months. This is due to the bullishness surrounding the uranium industry, and Denison’s major role in it. For some context, Denison is a uranium exploration company that is based in Canada. Denison develops various uranium projects located in the country, including the Wheeler River project in which it owns 95% in.

On October 21st, the company announced the sale of Goviex shares and warrants for up to $41.6 million. The company entered a private agreement to sell 32,500,000 common shares of GoviEx Uranium Inc. Denison currently held these shares for investment purposes. The company will get gross proceeds of $15,600,000 and will continue holding 32,644,000 shares of the company. If the warrants are exercised in full, Denison will get $26 million more in gross proceeds. 

This transaction is expected to be closed by the end of October 2021. Denison has stated that it plans to use the net proceeds of the transaction for general corporate purposes. It will be interesting to see what comes of this deal and how it impacts DNN stock price. It’s also worth looking into the current state of and the future potential of the uranium industry. Because DNN is a uranium mining company, this is an extremely important factor to consider. Keeping all of this in mind, will DNN be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Denison_Mines_Corp._(DNN_Stock_Chart)

Which Penny Stocks Are on Your November Watchlist?

While November is still a few days away, there are plenty of penny stocks that are showing momentum. As always, it’s best to stay ahead in the stock market by creating a penny stocks watchlist that could be future proof. And with so much going on right now, having a thoroughly thought out plan will be your best friend.

[Read More] Top Trending Penny Stocks to Watch Next Month

Considering the sheer number of events that are impacting the market, it’s also easy to take advantage and make money with penny stocks. But to do so, investors need to stay on top of what’s going on. With all of that in mind, which penny stocks are on your November 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 | news@pennystocks.com

Leave a Reply

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

You May Also Like