3 Reopening Penny Stocks to Watch in December 2021
In the past two years, we’ve covered the topic of reopening penny stocks numerous times. And in the last few months, the subject of reopening has been pushed to the side as Covid cases looked like they were dropping globally. However, with the emergency of the Omicron variant, we are seeing countrywide lockdowns at a high rate once again.
While we don’t know the long-term effect that this will have on penny stocks, we do know that in the short term, the market continues to see a high degree of volatility. And again today, we witnessed the stock market crash amid news that the new variant is in the U.S. Now, it’s worth noting that we don’t know much about the Omicron variant, however, preliminary data shows that current vaccines could still be effective and preventing infection and severe disease.
But, the fear surrounding a new variant and the unknown potential that it could have, is driving major market fluctuations at an incredibly high rate. As a result, investors need to pay attention more than ever. This means understanding how the variant will affect penny stocks, and how reopening could impact certain industries. Considering all of this, let’s take a look at there reopening penny stocks to watch in December 2021.
3 Reopening Penny Stocks For Your December Watchlist
Farmmi Inc. (NASDAQ: FAMI)
Farmmi Inc. manufactures and sells edible fungus products in several countries. Among its various products are shiitake mushrooms, bamboo fungus, and Mu Er mushrooms. These items are sold to restaurants and distributors all across the world. The company also has a large export deal for dried fungus products to Israel, which was big news when it was announced a few months ago. As a globalized food producer, FAMI has a lot to gain and lose from the emergence of a new variant. If things look like they could get better, Farmmi could have an easier time getting new business and keeping up with existing demand.
On November 15th, the company’s subsidiary Zhejiang Farmmi Biotechnology Co. Ltd. won a new product order. This product order is from Vancouver, Canada for Farmmi’s dried black fungus. This is another large deal for the company, and one that shows how fast Farmmi is working to grow its business.
“We continue to execute on our multi-pronged growth strategy, as we leverage our brand, premium agriculture product line, and global supply chain relationships. We have benefited from steady growth in 2021 and expect year-over-year growth compared to 2020, with 2022 even better based on customer demand indications. At the same time, we remain focused on unlocking value as we help Farmmi realize its true potential.”The CEO and Chairwoman of Farmmi, Ms. Yefang Zhang
It will be interesting to see how FAMI stock performs moving into December 2021. For now, will FAMI be on your list of penny stocks to watch?
New Gold Inc. (NYSE: NGD)
New Gold Inc. is a penny stock we’ve mentioned before due to its momentum and its recent popularity. This company develops and operates various mineral properties located in North America. One of its main properties is the Rainy River gold-silver mine in which it owns 100% interest in. The Rainy River mine is located in Ontario, Canada. The company also owns a 100% interest in the New Afton gold-copper mine. This mine is located in British Columbia, Canada.
The corporation released its third-quarter operational results on October 13th. During this time, New Gold produced a total of 105,628 gold equivalent ounces. Its Rainy River and New Afton mines each produced 60,785 and 44,843 gold equivalent ounces. Its gold equivalent production fell during the third quarter due to fewer tons milled.
“We remain on track to deliver on our updated guidance, and we continue to make progress towards securing the Company’s future growth at both assets. Our liquidity position improved for a third consecutive quarter, and I continue to expect meaningful free cash flow generation from our operations in the near-term.”President and CEO of New Gold, Renaud Adams
As countries begin to shut down and fear sets in, many investors tend to turn towards safeguard assets such as gold. And while investing directly in the shiny metal is a popular choice, some investors look toward companies like New Gold to provide a potentially more stable investment. Considering this, does NGD stock deserve a spot on your watchlist?
Transocean Ltd. (NYSE: RIG)
Transocean Ltd. is an oil and gas company that provides offshore contract drilling services. The company hires drilling rigs, as well as work personnel and the necessary equipment, to drill oil and gas wells. Transocean currently owns or has a stake in 37 mobile offshore drilling units. Its holdings are comprised of are 27 ultra-deepwater floaters and 10 harsh environment floaters among these units.
The corporation declared on October 11th that it has pledged to lower its operating greenhouse gas emissions intensity by 40% by 2030. Transocean has developed a number of technologies to increase the performance and safety of its rigs. In addition, the company is working to increase its dependability, operational execution, and efficiency. According to Transocean, it will meet this decreased emissions objective while maintaining safety and operational integrity.
“Our responsibility as the industry leader extends beyond providing superior results for our customers. We must continue to deliver our services in a manner that minimizes our impact to the environment and, in this context, supports the interests of all our stakeholders, including employees, customers, investors, and for the broader public good.”The President and CEO of Transocean, Jeremy Thigpen
In 2021, RIG stock has increased in value by over 25% and in the last year by almost 40%. Based on this new announcement, will RIG be on your penny stock watchlist?
Can Reopening Penny Stocks Be Profitable?
Finding reopening penny stocks to buy can be a great way to take advantage of the current market momentum. Although it can be challenging given just how much movement there is in the stock market, using research and a proper trading method can be a game changer.
As a result, making money with penny stocks in 2021 is completely doable. Considering this, do you think that reopening penny stocks are worth buying or not?