3 Penny Stocks to Watch as the Year Comes to an End 

While trading both penny stocks and blue chips has been difficult over the past two years, plenty of investors have been profitable. But, to fully understand why penny stocks are so volatile right now, we have to take a look at what’s going on in the stock market.

[Read More] Making a List of Penny Stocks to Buy? Check These 3 Out Right Now

Right now, the largest impacting factor is Covid and specifically, the Omicron variant. After a major market selloff yesterday on December 20th, the Dow and S&P are showing renewed optimism today. Ahead of the market open, Dow Futures were up by around 300 points, which is a significant market of bullish sentiment. Additionally, today, President Biden will announce several steps that the government will take to curb the spread of Omicron. 

“We’re seeing broad-based sell-off in risk assets, but ultimately if we think about the longer arc of time, I’m not sure these are going to meaningfully change our outlook for 2022 in terms of investing.”

Meera Pandit, a global market strategist at JPMorgan Asset Management

So, while it is extremely difficult to predict the future for penny stocks, we can say with certainty that volatility is here to stay. Considering this, let’s take a look at three penny stocks to watch right now. 

3 Hot Penny Stocks to Watch Right Now

  1. Reliance Global Group Inc. (NASDAQ: RELI
  2. Aridis Pharmaceuticals Inc. (NASDAQ: ARDS
  3. Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX

Reliance Global Group Inc. (NASDAQ: RELI) 

One of the biggest gainers of the day so far during premarket is RELI stock. By 9 AM EST, shares of RELI climbed by more than 158%, bringing it to over $7.83 per share. This is a staggering gain from its previous day’s high of $3.05. Without considering today’s premarket push, shares of RELI stock have shot up by over 40% in the past month, indicating very sizable bullish sentiment for the company. 

So, why are shares of RELI stock up so much right now? Well, it is difficult to say as no news has come out regarding the company. However, the Telecom Regulatory Authority of India (TRAI) announced that it would be releasing subscription data for October 2021. With the company adding more than 1.7 million wireless subscribers to its network as others lost users, many see potential in the future of the company. 

However, this is only one of its businesses as the company has hands in several markets including insurance such as 5MinuteInsure.com and more. As a result of the broadness of its scope, many investors are interested in what RELI stock could do in the future. Considering that, does it deserve a spot on your list of penny stocks to watch?


Aridis Pharmaceuticals Inc. (NASDAQ: ARDS) 

Another major gainer of the day is ARDS stock, pushing up by over 65% in premarket trading. With a 12% gain over the past five days, there’s no doubting that many investors are focused on ARDS stock right now.

[Read More] Hot Penny Stocks To Buy For Under $5 Right Now

While some big gains occur without news, Aridis made an exciting announcement early on Tuesday morning. The company states that its AR-701 antibody cocktail shows similar effectiveness to the Omicron variant as it does the original strain of Covid. This is great news as scientists feared current treatments would not have the same efficacy given the number of mutations on the spike protein of the Omicron-variant. 

“Omicron has rendered current COVID-19 vaccines and monoclonal antibodies substantially less effective, and likely future COVID 19 variants will arise that continue this trend. AR-701 is the result of our successful search for a mAb therapy that is directed against a conserved region of the virus that would be less vulnerable to mutations and new variants such as Omicron.

Our laboratory data suggest that AR-701 has the potential to be a future-proof COVID-19 therapy that can protect against SARS-CoV-2, SARS, or MERS pandemics.” 

Vu Truong, Ph.D., the CEO of Aridis Pharmaceuticals

This is big news as penny stocks working on a Covid treatment are highly in focus right now. And, because of this, we see the major gain that ARDS stock saw today. While fear is high in the stock market right now, there is plenty of bullish sentiment surrounding the biotech industry. This is true even on days when the broader market is down. So, with all of that in mind, will ARDS be on your penny stocks watchlist?


Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX)

While QNRX stock’s 40% premarket gain may not be as large as the other penny stocks on this list, it is still very substantial. This is more so considering that shares of QNRX stock have dropped by around 60% in value in the last month. Although no news is sparking this gain, as we’ve seen thus far, there is plenty of movement in the biotech industry at large. And, only a few days ago, the company signed into an exclusive distribution agreement with Orpharm LLC, for its lead asset known as QRX003. This compound is used for Netherton Syndrome and is a big part of Quoin’s large bank of specialty pharmaceuticals. 

“This distribution agreement with Orpharm is our third partnership agreement for QRX003 in less than two months and underscores Quoin’s commitment to make our products available to as many patients as possible upon the receipt of regulatory approval. We are very pleased that Orpharm has become our partner for Russia and CIS and we look forward to working with them to bring this potential treatment to a very underserved patient population.” 

Dr. Michael Myers, the CEO of Quoin

While partnerships in the biotech industry are relatively common, they are always exciting for investors to consider. With this big news in mind, does QNRX deserve a spot on your list of penny stocks to buy?


Which Penny Stocks Are You Watching Right Now?

If you’re looking for the best penny stocks to buy right now, there are hundreds of options to choose from. With so much movement in the stock market however, it can be difficult to pick just a handful for your watchlist.

[Read More] Check These Penny Stocks Out For Your Watchlist As the Market Dips

But, with a careful eye on how the market is moving, making money with penny stocks in 2021 can be much easier than previously imagined. Considering this, which penny stocks are you watching right now?

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!

Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Why A Stock Market Crash Could Be A Once In A Lifetime Opportunity

Stock market crash, recession, volatility? This could present a MASSIVE opportunity!

Top Penny Stocks On Robinhood To Buy Under $2.50? 3 To Watch

Top Penny Stocks To Watch On Robinhood Right Now