3 Penny Stocks For Your Early December 2021 Watchlist
With so many penny stocks to choose from in 2021, it can be a daunting task to find the best ones for your watchlist. However, because there are so many on the list of penny stocks, the opportunities to be a profitable trader are endless.
Now, the most important aspect to finding success as an investor is to have as much research by your side as possible. This means understanding what’s going on in the world and how it could affect the penny stocks on your list and certain industries at large. In addition to this, it’s crucial to have a proper and well-thought-out trading strategy that can be used no matter what the market conditions are.
[Read More] Penny Stocks To Buy This Week? 4 To Watch Right Now
Right now, there is a sizable amount of movement and momentum in the stock market. This means that there are plenty of events to take advantage of. Considering all of this, here are three penny stocks to watch during the first full week of December.
3 Penny Stocks to Watch in December 2021
- Harmony Gold Mining Company Limited (NYSE: HMY)
- Enzolytics Inc. (OTC: ENZC)
- Meten Holding Group Ltd. (NASDAQ: METX)
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a penny stock that has pushed up by over 4% in the past five days and more than 15% in the past month. If you couldn’t tell by its name, Harmony searches for, extracts, and processes gold, silver, copper, and uranium. It presently operates in South Africa and Papua New Guinea, both of which have proven to be extremely mineral rich areas for mining.
According to its most recent announcement, the company’s earnings and revenues increased year over year in fiscal year 2021. This occurred as a result of rising metal costs and the company’s rapid growth. Given that Harmony hasn’t issued any updates in quite some time, it’ll be interesting to see what they have in store for their shareholders before the year is through. And, it’s worth noting that there is a lot of bullish sentiment surrounding gold mining right now.
Usually, we see that Harmony Gold is highly correlated with the price of the materials it mines. This means that if gold is performing well or not performing well, the price of HMY stock will usually follow suit. With its decent gains in the past few weeks, it’s no wonder that investors are paying attention to HMY stock right now. Considering this, does it deserve a spot on your list of penny stocks to watch or not?
Enzolytics Inc. (OTC: ENZC)
Enzolytics Inc. is a biotech penny stock that is working on a variety of treatments for different ailments. Commercializing proprietary proteins to cure devastating infectious illnesses is the company’s strong focus. Its treatments are aimed at eradicating the HIV virus as well as treating common ailments such as Covid-19 and influenza. As a result, Enzolytics has been the subject of high attention in the past year and a half.
[Read More] High Volume Penny Stocks to Buy Now? 3 to Watch Today
On November 17th, firm announced the manufacturing and commercialization of its “Enzolytics IPF Immune” in the United States. Based on its U.S. patent, this is a tried and true immune modulator. In many studies, this therapy has demonstrated itself to be effective for a variety of disorders, including HSV-1, SARS-CoV-2, and others.
“We see this product as significant to our focus on providing effective therapeutics for treating infectious diseases and are proud to bring to the U.S. and North American markets a product that has been tested and previously successfully marketed abroad. Over many years, I have been intimately involved in its invention, development, and prior testing.”
Chief Scientific Officer of Enzolytics, Harry Zhabilov
Throughout 2021 ENZC stock has increased by over 50% and in the past twelve months by over 75%. Noting its recent updates and the major movement ENZC stock has seen this year, will it make your penny stocks watchlist?
Meten Holding Group Ltd. (NASDAQ: METX)
Meten EdtechX Education Group Ltd. is a Chinese education services company that specializes in English language instruction. Its products and services are on offer under the Meten and ABC brand names. The company had 105 learning centers in 38 cities as of December 31, 2020, as well as 13 franchised learning centers. To understand the company better, let’s take a look at the most recent news from Meten EdtechX Education Group.
On November 22nd, the company revealed its financial results for the third quarter of 2021. Meten’s revenue fell 36.9% year over year during this period due to a decrease in gross billings. Additionally, the company’s gross profit margin fell 8.2% to 34.1% overall. Meten’s total adjusted net loss climbed 364.8% year over year in this quarter.
“In the third quarter of 2021, we have significantly reduced the number of our offline learning centers to effectively reduce the impact of the resurgence of the Covid-19 pandemic on our offline business operations, improve resource utilization, and prepare for the Company’s business transformation. As a result, the number of learning centers is reduced to one to two in each city.”
Alan Peng, the CEO of Meten
The main reason for its less than stellar financial results comes as the company has been struggling with regulations in China regarding for-profit education. As a result, Meten and many similar businesses have struggled to grow in the past few months. However, now that it has had time to figure out a game plan for the future, it could be worth keeping an eye on. Noting this new information, is METX stock going to make your watchlist?
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are plenty of options to choose from. Because there are so many penny stocks out there, it can at times, seem like a daunting task to pick only a handful for your watchlist.
[Read More] Here’s 3 Penny Stocks You Need to Know About in December
But, with the right information by your side and a commitment to understanding how to trade penny stocks, it can be much easier than previously imagined. With all of that in mind, which penny stocks are you watching right now?
