3 Penny Stocks to Add to Your End of March Watchlist
Right now, there is a lot for investors to know about trading penny stocks and blue chips. While the stock market has taken a bullish turn in the last few trading days, there are still several factors that are aiding in volatility. Most notably, this includes inflation and subsequent rising interest rates, and the Ukraine-Russia war. While these two issues had a larger effect on the stock market just a few weeks ago, they are still ever-present in investors minds. As a result, we are seeing high levels of intraday volatility.
While some days are showing gainers like Hycroft Mining Holding Corp. (NASDAQ: HYMC) and Mullen Automotive Inc. (NASDAQ: MULN), others are not. But regardless, having a penny stocks trading strategy will always be the best way for you to make money with small caps. So, as we continue to move toward April, understand exactly what is going on in the stock market and how to take advantage. With that in mind, let’s take a look at three penny stocks to watch as March comes to an end.
3 Penny Stocks For Your April 2022 List
- Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
- VEON Ltd. (NASDAQ: VEON)
- Grom Social Enterprises Inc. (NASDAQ: GROM)
Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
One of the bigger gainers of the day so far is CELZ stock. By midday on March 28th, shares of CELZ had shot up by over 20%. This is a sizable gain and reflects a five day gain of more than 145%. During the last few weeks, we’ve covered CELZ stock numerous times due to its consistent movement and trends.
And as a result of its large price swings, CELZ stock has remained highly popular. So, why are shares of CELZ stock moving right now? Well, the likely culprit remains a mixture between its own news and the speculation surrounding the company due to the vast gains its made. On the news side, Creative Medical announced positive top-line results from its StemSpine pilot study last week.
“The positive two-year data from our StemSpine pilot study are very encouraging, and we are excited to engage with practitioners on commercialization.
To our knowledge, this pilot is the first demonstration of the clinical efficacy of injecting bone marrow aspirate in areas surrounding the disc, thereby repairing, remodeling and improving the blood supply around the disc and lower back area.
We believe StemSpine represents an attractive non-surgical option for many of the millions of Americans who suffer from non-surgical chronic lower back pain.”Timothy Warbington, the President and CEO of Creative Medical
This is great news for the company and shows the potential that it could have in the future. With that in mind, will CELZ be on your list of penny stocks to buy or not?
VEON Ltd. (NASDAQ: VEON)
With over 6% in gains during trading today so far, VEON is another penny stock that has been on many investors radars over the last few weeks. In the last month, shares of VEON have climbed by over 14%, despite a six month drop of more than 71%.
And because of this major fall previously, some investors believe that we could begin to see a bullish comeback for VEON if all goes according to plan. The biggest recent news for VEON came last week when it announced that its Banglalink launched a new ‘Health Hub’ to offer the first digital health aggregator platform in Bangladesh.
“Bangladesh is a market with huge potential that is undergoing a transformation through the adoption of digital services. This is digital democratization of health care that opens the way for customers to find better and lower-cost services.”Erik Aas, the CEO of Banglalink
If it is able to aptly tap into this digital transformation in Bangladesh, there’s no telling where the company could go. Considering this, do you think that VEON stock is worth buying or not?
Grom Social Enterprises Inc. (NASDAQ: GROM)
Another big gaining penny stock so far during trading is GROM stock. By midday on March 28th, shares of GROM had shot up by over 10%. This is a big gain and adds to GROM’s one month upward trajectory. Just like with any penny stock, with GROM, we have to take a close look at why it is moving in order to see if there is potential with the company for us.
So for that reason, let’s gauge what its recent momentum could mean for investing in it. The most recent news from the company came on March 24th. On the 24th, it announced that it and its recently acquired Curiosity Ink Media, have together engaged Richard Manville’s Richard Manville Studio. The goal is to design the company’s new shopping and entertainment platform known as Santa.com.
And, only a few days before this, the company announced that it has engaged Melanie Bartlett to support the sites business strategy and marketing efforts. Both of these updates are very exciting as Grom works to bolster its strategy regarding this website. So despite its high volatility, it appears as though GROM stock could be worth adding to your penny stocks watchlist.
Are Penny Stocks Worth Buying Right Now?
Finding the best penny stocks to buy all comes down to knowing where to look. While it can be and likely is challenging to make money with penny stocks in 2022, there is a lot of opportunity in the stock market.
With penny stocks, the large amount of speculation means that staying up to date with the news is your best chance at profitability. Because there are so many events occurring simultaneously, understanding your own investing style will help you to make sense of it all. So, with all of that in mind, do you think that penny stocks are worth buying right now or not?