Are These Trending Penny Stocks on Your List Right Now?
If you’re looking for trending penny stocks to buy, there are hundreds of options to choose from. In 2021, finding trending penny stocks has become a popular method of making money with small caps. To do so involves scouring social media platforms, various websites, and news/announcements to understand which companies could see heightened attention.
Over the past few years, the impact of social media on penny stocks has become much greater than at any other time previously. We witnessed this with several stocks earlier in the year such as GME stock and AMC stock.
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One thing to keep in mind is that when a penny stock is trending, it tends to be extremely volatile. This is not something that should inspire fear, but rather, it should serve to inform your trading style and strategy. So, as we hopefully finish the year strong, now is the time to find the best penny stocks to buy. With that in mind, let’s take a look at three small caps that are trending right now.
3 Trending Penny Stocks to Watch in December 2021
- Vinco Ventures Inc. (NASDAQ: BBIG)
- Transocean Ltd. (NYSE: RIG)
- Camber Energy Inc. (NYSE: CEI)
Vinco Ventures Inc. (NASDAQ: BBIG)
On December 2nd, shares of BBIG managed to climb by a substantial 6.7% by EOD. This brings its YTD gain to over 125%, which is no small feat. If you’re not familiar, Vinco Ventures is a digital media and content technologies development company. Its subsidiary, ZVV Media Partners LLC has an 80% ownership interest in Lomotif Private Limited. ZVV is a joint venture between Vinco and ZASH Global Media.
On November 22nd, the company reported its third-quarter financial results for 2021. The company’s cash, cash equivalents, and restricted cash reached a total of $149.9 million as of September 30th. During this quarter, its revenue decreased 11.5% year over year because of a decrease in sales of its personal protective equipment. This lack of sales is from the result of its deal with Edison Nation Medical division.
“Importantly, through our joint venture, ZVV Media, we completed the acquisition of an 80% interest in Lomotif, a global, pure-play video-sharing social networking platform and we are making good progress on extending the brand to additional geographies, including the U.S. and India. We also announced the planned spin-off of our blockchain business, Cryptyde”.
The CEO of Vinco, Lisa King
The major bullish momentum with Vinco Ventures is one of the main reasons that so many investors are paying attention to the company. Considering this, will it be on your list of penny stocks to watch?
Transocean Ltd. (NYSE: RIG)
Transocean Ltd. is a penny stock that we have discussed frequently in the past few months due to its consistent momentum and constant trending nature. In the past YTD and one year periods, shares of RIG stock have shot up by over 25% and 40% respectively. For some context, Transocean is a company that offers contract drilling services for offshore oil and gas wells. It contracts drilling rigs, equipment, work crews, and related needs to drill oil and gas wells. As of February 22nd, 2021, it owned or had some interest in 37 mobile offshore drilling units.
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At the start of November 2021, the company reported its third-quarter financial results. Its contract drilling revenues fell to $626 million compared to $656 million the previous quarter. Despite this, its revenue efficiency grew to 98.1% compared to 98% the previous quarter. Transocean experienced a slight fallback in its adjusted EBITDA, lower by $10 million quarter over quarter.
“Notably, our strong uptime performance during the quarter drove an impressive revenue efficiency of 98%, resulting in adjusted revenues of $683 million. Furthermore, during the quarter, we were excited to secure the maiden contract for Deepwater Atlas, solidifying Transocean’s position as the undisputed leader in the 20,000 psi deepwater drilling market.”
President and Chief Executive Officer, Jeremy Thigpen
This was a strong quarter for Transocean, solidifying its position in the contract drilling services market. And, it’s worth noting that there is a sizable amount of bullish sentiment in the oil and gas industry right now. With this in mind, will RIG stock make your watchlist before 2021 ends?
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is an oil and gas company that has climbed in value by over 68% in the past six months. At one point in the year, shares of CEI stock hit a high of over $3.80, before correcting to its current price of around $1.12. This company acquires, develops, and sells crude oil, natural gas, and natural gas liquids. Camber accomplishes this in the Cline shale and upper Wolfberry shale. These shales are located in Glasscock County, Texas.
Back in August, Camber was granted an exclusive intellectual property license for a patented carbon capture technology. The ESG Clean Energy System uses waste heat to absorb most of the CO2 emissions while remaining efficient to create clean power from internal combustion engines. Through its subsidiary, Viking Energy Group Inc., the company entered into this license arrangement with ESG Clean Energy LLC.
“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.”
CEO and President of Camber Energy, James Doris
Amid recent positive momentum, will CEI be on your list of penny stocks to watch?
Which Penny Stocks Are You Watching Right Now?
With so many penny stocks to choose from, it can seem like a daunting task to pick just a handful for your watchlist. However, because there are hundreds of penny stocks on the list, making money with small caps is entirely possible.
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Considering that, it takes a sizable amount of research and a solid trading strategy to have the best chance at being a profitable trader. With all of this in mind, which penny stocks are you watching right now?
