best penny stocks to buy right now

3 Penny Stocks to Add to Your Watchlist Before Next Year

While the last few months of trading penny stocks and blue chips have been volatile, to say the least, investors are excited about the future. With the potential that penny stocks can bring, many traders continue to look for the best small caps to buy. In the past few weeks, the main contributing factor to the large swings in the market has been the Omicron variant. 

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And while the variant has proven itself to be less life-threatening and more transmissible, worries remain about the impact. But, as we move toward the end of the year, there are a lot of factors that investors could continue to use to their advantage. This includes understanding how to trade penny stocks and how to use the market volatility to make money. 

So, while trading penny stocks is not easy right now, there are plenty of ways to profit from the current state of the stock market. With a thorough understanding of where the market is headed and what your investing style is, investors can have the best chance of seeing their portfolios end up in the green. Considering this, let’s take a look at three penny stocks to watch before 2022. 

3 Penny Stocks For Your Year End Watchlist

  1. Vinco Ventures Inc. (NASDAQ: BBIG
  3. New Gold Inc. (NYSE: NGD)

Vinco Ventures Inc. (NASDAQ: BBIG)

Vinco Ventures Ltd. is a penny stock that has climbed by over 17% in the past five days. That is a substantial gain and one that is worth considering for prospective investors. Despite a 30% drop in the last month, it looks like there has been a bullish turnaround in the past few trading days. If you’re not familiar, Vinco is a company that develops digital media and content technology. Its subsidiary, ZVV Media Partners LLC, owns an 80% stake in Lomotif Private Limited, which was big news for investors when it was announced several months ago. Vinco and ZASH Global Media have partnered to form this subsidiary.

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The corporation released its third-quarter financial results for 2021 on November 22nd. As of September 30th, the company’s cash, cash equivalents, and restricted cash were $149.9 million. Its revenue fell 11.5% year over year during this quarter due to a drop in sales of personal protective equipment. This absence of sales is due to the company’s agreement 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”.

CEO of Vinco Ventures, Lisa King

Amid recent upwards momentum, will BBIG be on your penny stocks watchlist before 2021 ends?


IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a gold mining property developer and operator with activities across a variety of countries. It currently has operations in North America, South America, and West Africa. IAMGOLD is actively involved in numerous mines in these locations, including the Essakane, Rosebel, and Westwood mines. In the past few days, shares of IAG stock have pushed up by around 3%, which is quite good for a mining stock.

Despite certain drawbacks in its financial outcomes, the gold industry’s prognosis is positive right now. IAMGOLD revealed its third-quarter results for 2021 on November 3rd. According to the report, IAMGOLD’s mine-site free cash flow was $121.6 million, with an adjusted EBITDA of $265.7 million. IAMGOLD also had a total net loss of $20.1 million, or $0.04 per share over the same period. 

“The third quarter of 2021 saw improvement in our operating performance supported by the continued strong results at Essakane. Rosebel performed in line with the revised plan. Construction activities at Côté continue to proceed well, reaching 36% project completion at quarter-end.”

Gordon Stothart, the President, and CEO of IAMGOLD Corporation

Increasing in value in the last 5 trading days, will IAG stock be on your list of penny stocks to watch before the year ends?


New Gold Inc. (NYSE: NGD)

New Gold Inc. is a penny stock that has gained around 3.6% in value in the past five trading days. With NGD, we see similarities with IAG due to its role in the gold mining industry. For some context, New Gold is a mining corporation that is situated in Toronto, Canada. New Gold develops and runs a number of gold-focused mining holdings around the nation. Its primary operations are the Rainy River gold-silver mine in Ontario and the New Afton mine in British Columbia, Canada.

Back in mid-November, the business offered an update on the impact of significant rainfall in British Columbia at the New Afton Mine. The region has seen floods and mudslides as a result of the heavy rainfall. As a result, transportation to the New Afton mine has been hampered. This flooding had no effect on the New Afton mine’s infrastructure or operations. Despite a 20% drop in the last month, shares of NGD stock have begun to move upward with the larger momentum of the gold industry.

According to the corporation, the mine’s negative impact will be determined by the duration of the transportation interruption. Despite this minor setback, New Gold is now performing well right now. NGD stock has increased by $0.10 per share in the last 5 days. Noting this recent info, is NGD a contender for your list of penny stocks to watch?


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, with the current state of the stock market, investors need to seek out opportunities and take advantage of market fluctuations.

[Read More] Check These Penny Stocks Out As 2021 Comes to an End

Because of the sheer number of factors impacting the market, investors need to have a close ear to the ground to understand how stocks are moving and will move. With all of that in mind, which penny stocks are you watching right now?

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