3 Penny Stocks That Are Climbing During Today’s Session 

After a dismal day of trading for penny stocks and blue chips yesterday, today is signaling a small bullish turnaround. While it is extremely difficult to understand where penny stocks are headed, we do know that there are some intraday movers worth watching. Now, to understand which, we first have to take a look at what is going on in the market. 

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Right now, the most pressing factor is the tension between Ukraine and Russia. This has caused major upsets over the past few days, and continues to wreak havoc on world markets. So, with all of this in mind, let’s take a look at three penny stocks that are climbing during today’s trading session. 

3 Penny Stocks to Add to Your Watchlist Right Now 

  1. Stran & Company Inc. (NASDAQ: STRN
  2. Tellurian Inc. (NYSE: TELL
  3. Enservco Corp. (NYSE: ENSV

Stran & Company Inc. (NASDAQ: STRN) 

One of the larger gainers of the day so far is STRN stock. By midday, shares of STRN stock had shot up by a very solid 13% to more than $1.70 per share. While many large gains with penny stocks occur without news, STRN made an exciting announcement during morning trading. The main news behind this gain comes as the company announced a share repurchase program which was authorized by its Board of Directors. The program involves the potential repurchasing of up to $10 million worth of its outstanding shares of common stock. 

“Stran is in the strongest financial position in the Company’s history. We continue to generate strong organic growth and positive cash flow. In addition, we raised over $42 million in gross proceeds as a result of the recent IPO and private placement.

This additional capital allowed us to consummate the recent acquisition of GAP Promo, which generated over $7 million of sales in 2020 and has been profitable since inception in 2006.” 

The CEO of Stran, Andy Shape

Despite its solid financial standing, shares of STRN stock have dipped substantially in the past few months. And, it seems as though this program is a way that the company could move beyond the volatility it is seeing. While it is tough to say what the long term outcome of this will be, it is an exciting prospect. And, as a leading marketing and brand awareness company, Stran continues to be a focus for many investors. Considering that, will STRN be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Stran

Tellurian Inc. (NYSE: TELL) 

Another big gainer of the day so far is TELL stock. At midday, shares of TELL had shot up by over 8% to more than $2.80 per share. This is a substantial gain and reflects big news that came from the company during trading. Before we get into it, it’s worth noting that we have covered TELL stock multiple times in the past few weeks. And since February 4th, shares have shot up by over 20%. So, for this reason, let’s take a closer look at the company. Today, Tellurian reported its 2021 financial results. 

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In the results, it stated that it ended the year with more than $300 million in liquidity. Additionally, it completed the first phase of its Driftwood LNG plant, which is big news. During the year, Tellurian was able o bring in more than $71 million in revenue despite a net loss of around $114 million or $0.28 per share. 

“The global economy is in the early stages of an energy supercycle driven by strong demand for natural gas and several years of underinvestment in energy infrastructure.

Tellurian is optimally positioned with fully executed market-based LNG SPAs and a permitted project. Bechtel will begin construction of Driftwood LNG in April and we will seek to conclude the financing process shortly thereafter.”

The President and CEO of Tellurian Inc., Octavio Simoes

Right now, there is a major emphasis on the energy industry and specifically oil and gas. With Brent Crude reaching almost $100 per barrel during trading yesterday, many investors are bullish on the future of oil. As a producer of LNG, Tellurian could have a lot to offer traders in the coming months. Considering that, will it be on your list of penny stocks to buy or not?

Penny_Stocks_to_Watch_Tellurian

Enservco Corp. (NYSE: ENSV) 

One of the largest gainers of the day is ENSV stock. By midday, shares of ENSV had exploded by over 65% to almost $1 per share. Despite some major bearish momentum since October of last year, we are beginning to see a small bullish turnaround for the company. Now, today’s major gain is a mystery to many investors as no company news was announced during trading. But, as is the case with penny stocks, we often see large moves as the result of speculation and reactivity. 

So, to understand ENSV stock better, we can take a look at its most recent announcements. In ENSV’s Q3 2021 results, the company managed to increase its revenue by over 70% with an adjusted EBITDA increase of more than 10%. These numbers were and are highly encouraging and show that Enservco is working to overcome the effects it saw as a result of the pandemic. 

In the results, Executive Chairman, Rich Murphy, stated “Our renewed growth momentum carried into the third quarter as the industry continued to recover from the pandemic impact and steadily rising commodity prices drove increased customer activity and higher utilization rates for our fleet.”

Now, while ENSV stock is highly volatile as evidenced by today’s trading, the company does look like an interesting penny stock to watch. So, if you’re comfortable with high volatility, ENSV could be worth adding to your watchlist. 

Penny_Stocks_to_Watch_Enservco

Which Penny Stocks Are You Buying Right Now?

Finding the best penny stocks to buy can be challenging. But, given the sheer number of penny stocks out there, making a list of potentially valuable penny stocks is completely doable.

[Read More] Are Penny Stocks Worth Buying in 2022?

In 2022, understanding exactly what is going on in the stock market and how to take advantage is crucial. The best traders will always be the ones with the most information on hand. So, with all of that in mind, which penny stocks are you buying right now?

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

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