Are These Penny Stocks on Your Watchlist Right Now?
As we barrel toward the end of the year, there are plenty of penny stocks to watch. But, making a list of the best penny stocks to buy can be challenging. To have a better understanding of which small caps could be worth it, it takes a careful consideration of what’s going on in the world. This includes right now, the pandemic, the effects of the Omicron variant, and high inflation globally. All of these factors are contributing to how penny stocks trade.
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For this reason, knowing how to buy and sell penny stocks as well as which companies could have value, will be a major benefit to your portfolio. With all of this in mind, let’s take a look at four penny stocks that could be worth watching.
4 Penny Stocks to Watch in December 2021
- Yamana Gold Inc. (NYSE: AUY)
- Ardelyx Inc. (NASDAQ: ARDX)
- Transocean Ltd. (NYSE: RIG)
- Energy Focus Inc. (NASDAQ: EFOI)
Yamana Gold Inc. (NYSE: AUY)
Yamana Gold Inc. is a mining stock that has seen some bullish momentum in the past few trading days. This mining corporation is primarily involved in the exploration and production of gold and silver ores. Yamana owns and operates mines in Canada, Chile, and Brazil. Throughout these countries, the corporation owns a number of development-stage projects, exploratory properties, and other land holdings.
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Yamana released its financial and operational results for the third quarter of 2021 on October 28th. The company indicated that it is on pace to meet its year-end targets. Its net income was $27 million, or $0.03 per basic and diluted share. Additionally, its mine operating earnings increased by 8% quarter over quarter to $154 million. Yamana’s cash flows from operating activities increased by 24% during the quarter. AUY stock has experienced a lot of trading volume in the last week. This could be due to the emphasis on mining penny stocks right now. So, based on this new info, will AUY make your list of penny stocks to watch in December?
Ardelyx Inc. (NASDAQ: ARDX)
Ardelyx Inc. is a biotech penny stock that has climbed by over 34% in the past month, which is no small feat. This is a firm that creates medicines for kidney and cardiorenal illnesses. Ardelyx is involved in the development and commercialization of a wide range of drugs for these purposes. Tenapanor, the company’s lead candidate, recently completed Phase 3 clinical trials for the treatment of constipation in people with IBS.
On the 30th of November, the business revealed its plans to offer IBSRELA, its licensed drug for IBS with constipation in adults. According to the company, this approved treatment will be available in the second quarter of 2022. The company is currently pursuing FDA approval of Tenapanor for hyperphosphatemia through the FDA’s formal dispute resolution process.
“Over the last five years, the IBS-C market has grown to be sizeable and concentrated, with 9,000 high-writing physicians accounting for approximately 50% of the almost five million prescriptions written annually for drugs indicated for the treatment of IBS-C.”
President and CEO of Ardelyx, Mike Raab
Based on the new information, will ARDX stock be on your penny stocks watchlist before 2022?
Transocean Ltd. (NYSE: RIG)
Transocean Ltd. is another penny stock that we have discussed numerous times in the past few months. This is due to the bullishness surrounding the energy industry as well as RIG’s business model. If you’re not familiar, Transocean provides offshore contract drilling services for the oil and gas industry globally. For oil and gas wells, the corporation hires drilling rigs, drilling equipment, and work personnel. Transocean now owns or has a stake in 37 mobile offshore drilling units. These holdings are comprised of 27 ultra-deepwater floaters and 10 harsh environment floaters. In addition, the company also holds two additional ultra-deepwater drillships that are under development.
The corporation declared back in October, that by 2030, it would cut its operating greenhouse gas emissions intensity by 40%. Transocean has pioneered various technologies to enhance the performance and safety of its rigs. Furthermore, the company hopes to improve its dependability, operational efficiency, and operational execution. The company asserts that it will meet its emissions reduction objective while maintaining operating and safety standards.
“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.”
Jeremy Thigpen, the President, and CEO of Transocean
In the past few trading days, shares of RIG stock have been pushing up. This is a solid sign considering the rest of the market during that time. Based on this information, will RIG be on your list of penny stocks to watch before 2022 ends?
Energy Focus Inc. (NASDAQ: EFOI)
Energy Focus Inc. is a penny stock that has climbed by more than 60% in the past five days. This is a staggering gain and one that we do not see often with penny stocks. If you’re not familiar, Energy Focus is a pioneer in the development of sustainable LED lighting and lighting control technology. It also develops UVC Disinfector solutions under the name UV™ by Energy Focus. Energy Focus creates high-quality LED lighting systems and controls that offer significant energy and maintenance savings, as well as aesthetic, safety, health, and sustainability advantages over normal lighting.
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On December 8th, Energy Focus launched nUVo, which is the first virus-targeted UVC air disinfector offered to the public. This product has patent-pending tech designed to intercept and eliminate 99.99% of airborne pathogens. Included in nUVo’s virus-killing portfolio is the potential to eliminate COVID-19 particles. The company also recently announced a portable variety of the product, which is immediately available, and the company is taking pre-orders on the TOWER model expected January 2022.
“As people and countries worldwide continue to battle SARS-CoV-2 and its unpredictable mutations and constantly evolving variants, we believe our patent-pending nUVo™ TRAVELER and nUVo™ TOWER provide uniquely powerful, filter-free and chemical-free air disinfection solutions to help create safer spaces—whether at home, in the office or as they travel”.
James Tu, the Chairman and CEO of Energy Focus
Amid sizable volume numbers, will EFOI be on your list of penny stocks to watch this month?
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. But, to truly understand which companies could have value, it takes a deep dive into what the company does, what it plans to do, and what the market as a whole looks like. Considering all of this, which penny stocks are you watching right now?
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