3 Penny Stocks For Your November Watchlist
With November here, investors are ready to find the best penny stocks to buy. Although it can be complicated to consider what factors may occur in a new month, there are a few ways to stay ahead of the game.
First and foremost, investors should have a thorough understanding of what’s going on in the world. In November, this includes high inflation, lower Covid cases and a general uncertainty about the future. On the other hand, we’ve also seen a sizable amount of bullish sentiment in the stock market that is guiding investors toward a variety of penny stocks and blue chips.
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So, as you can see there is a lot that is going on right now. But with penny stocks, investors typically look for volatility as it can present opportunities to make money in the short term. And as we’ve all seen in the past year and a half, it doesn’t look like volatility is going anywhere anytime soon. So, with all of this in mind, let’s take a look at three penny stocks to watch in November 2021.
3 Penny Stocks to Watch in November 2021
- Luokung Technology Corp. (NASDAQ: LKCO)
- Aikido Pharma Inc. (NASDAQ: AIKI)
- Meten Holding Group Ltd. (NASDAQ: METX)
Luokung Technology Corp. (NASDAQ: LKCO)
Luokung Technology Corp. is a penny stock that has climbed by over 19% in the past five days, with a solid 2% gain during premarket today. This is a penny stock we have mentioned in the past due to its frequent momentum in the market. If you’re not familiar, Luokung is a communications company that offers location-based services and mobile app products. Its Luokuang mobile app is a content and distribution platform for information, e-commerce, travel, ads, and more.
On October 27th, Luokung announced the release date of its upcoming financial results. The company will release its financial results for the six months ended June 30th, 2021 at the end of the day today. After market close on Monday, November 1st, 2021, the results will come out with a conference call following. New financial results are important for investors to consider. Not only can they cause a large gain or loss, but they can also show the trajectory that a company could see for the foreseeable future.
This is why the 1st will be an important date to look forward to for those investing in LKCO stock. This announcement follows last month’s statement that Luokung Technology Corp. had closed a $32.8 million registered direct offering. It offered 27,333,300 ordinary shares and warrants to purchase 13,666,650 shares at $1.20. The company plans to use those net proceeds for working capital and general corporate purposes. Amid all of these recent updates, is LKCO a contender for your list of penny stocks to watch?
Aikido Pharma Inc. (NASDAQ: AIKI)
AIkido Pharma Inc. is a biotech penny stock that has been moving up during several recent trading sessions. This company produces therapeutics for treating cancer patients. More specifically, AIkido offers small-molecule anti-cancer products for treating different types of cancer such as pancreatic cancer and various forms of leukemia. It is also working on an antiviral platform for inhibiting the replication of viruses such as the flu and COVID-19.
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At the end of September, the company secured an interest in Tevva Motors Ltd., an electric truck producer. Tevva is an EV truck producer with range-extended vehicles that are already on public roads. AIkido believes that this presents an opportunity to invest in the rapidly growing EV field, with the possibility of an exit in early 2022 as Tevva pursues a public listing.
“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.”
The CEO of AIkido, Anthony Hayes
While this is clearly not the most traditional investment for a biotech company to make, it seems as though Aikido is working to secure longer term profits for its investors. And, the EV industry is on fire right now, showing why Aikido could be interested in this company. Keeping this in mind, will AIKI be on your penny stock watchlist going into November?
Meten Holdings Group Ltd. (NASDAQ: METX)
Meten Holdings Group Ltd. is another penny stock that we have covered frequently in the past few weeks. This is due to both its sizable gains during that time and the consistent attention it has received in the market. If you’re not failmliar, Meten provides adult and junior English language training for students and professionals alike. Meten’s services are offered under the brand names of Likeshuo, ABC, and Meten. The company had 105 learning facilities and 13 franchised learning centers as of December 31, 2020.
On October 28th, Meten announced a strategic partnership with AGM Group Holdings Inc. This deal was made for the purpose of investing in blockchain technology and a cryptocurrency mining business. Both parties agreed to research and develop blockchain offerings and follow an initial order of AGMH’s crypto machines.
“We are thrilled to be working with AGMH, a company with excellent design and production capabilities of sophisticated high-performance chipsets and equipment. AGMH, through its strategic partnership with HighSharp (Shenzhen Gaorui) Electronic Technology Co., Ltd., has upgraded its R&D capabilities and built a team of engineers with expertise in blockchain and related technologies.”
The Co-Founder and Executive Director of Meten, Mr. Jason Zhao
Based on this recent info, will METX stock be on your watchlist?
Which Penny Stocks Are You Buying Right Now?
If you’re making a November watchlist, there are plenty of options to choose from. Investors should always consider what’s going on in the world and how that may affect the penny stocks you’re watching, or the industries at large.
[Read More] 5 Penny Stocks To Watch For November With Potential Biotech Catalysts
If we consider that 2021 is like no other year, we see that there is plenty to keep track of. But, with the right information by your side, making money with penny stocks in 2021 can be completely doable. Considering this, which penny stocks are you buying right now?
