3 Penny Stocks to Add to Your Watchlist in Early April
When it comes to penny stocks, there are different types of companies for all types of investors. Each of these investments have their own benefits and drawbacks. And with penny stocks specifically, there is a lot for investors to know.
In order to make a smart investment decision, it is important for would-be penny stock investors to first understand the ins and outs of this area of the stock market. What are penny stocks? How do you buy stocks? What are some of the best stocks to invest in? And what should you know before investing in penny stocks?
All of these questions are crucial when it comes to investing, and they can save you time and money. Above all however, investors should know what their investing style is and how to use that as an advantage.
Is Investing in Penny Stocks Worth It?
If you are more of a conservative investor then you might want to invest in stocks that have a long-standing history and are considered more stable. Alternatively, if you’re looking for stocks with high potential returns, then you might want to look into other penny stocks.
Typically, stocks under $5 will carry more risk than their blue chip counterparts. This is something that simply comes with the territory. However, this risk can be used as an advantage for more aggressive investors who are looking for high-risk, high-reward stocks.
No matter what penny stocks you decide to invest in, it is always important to do your own research. This is especially true when it comes to penny stocks. Considering all of this, let’s take a look at three top penny stocks to watch in early April 2022.
3 Penny Stocks to Add to Your April Watchlist
Camber Energy Inc. (NYSE: CEI)
One of the more popular penny stocks that investors have been watching over the past few months is Camber Energy Inc. CEI stock is also a popular meme stock and short squeeze stock for those who have been investing since last year or so. While shares are down by around 12% YTD, we have seen some recent bullish movement since March.
Much of this is due to the uptick in demand for oil and gas as a result of the conflict in Ukraine. However, Camber Energy is also an interesting penny stock on its own. The most recent news from the company came on April 4th when it announced communication from the NYSE. It stated that it received a letter from the NYSE regarding its request for an extension of its outstanding financial report filing date.
If you’re not familiar, Camber Energy operates as a growth-oriented energy company. Through its subsidiary, Viking Energy, Camber is able to provide custom energy and power solutions to a broad range of both industrial and commercial clients across the U.S. As stated earlier, the conflict in Ukraine has resulted in a major focus on both energy penny stocks and the energy industry as a whole. With its recent acquisition of a carbon-capture system, Camber is in a positive position for growth in the future. Considering all of this, will CEI be on your penny stocks watchlist?
DiDi Global Inc. (NYSE: DIDI)
Another trending penny stock that investors are interested in right now is DIDI stock. While shares have gone down by around 65% in the past six months, we have seen some decent momentum in the past few weeks. Now, one of the big reasons that investors are watching DIDI stock right now is for its volatility. And in the past couple of weeks, there have been a lot of announcements and subsequent movements for DIDI stock.
Recently, the company has been seeing heightened volume as a result of easing delisting fears. And, Beijing recently stated that it is ‘preparing to give U.S. regulators full access to auditing reports’ for many of the largest Chinese companies listed on New York stock exchanges.
Now, before moving any further, understand that DIDI stock is very volatile. And with is big losses in the past six months, that is extremely clear. But for trading purposes, DIDI’s high volume makes it a prime candidate for intraday movement. Whether this makes DIDI stock worth adding to your list of penny stocks to buy however, is up to you.
Uranium Energy Corp. (NYSE: UEC)
As far as energy penny stocks go, Uranium Energy Corp. is another popular penny stock that investors have been watching. In the past six months, shares of UEC stock have shot up by over 54%, which is no small feat. The big news from Uranium Energy came on April 5th when the company announced a filing for its Wyoming hub and spoke platform technical report summary. This was and is big news for the company and allows it to be a major player in the uranium industry in Wyoming.
In the past, we’ve seen uranium as a major source of renewable power, however, the stigma around it has resulted in it not reaching its full potential. Despite nuclear energy being an extremely clean source of energy, investors are only recently beginning to invest in it. While UEC can be highly volatile, it’s clear that there are a lot of investors interest in it. With that in mind, will it be on your list or not?
Are Penny Stocks Worth Buying in April?
Finding the best penny stocks to buy is all about doing your research. As with any investment, you want to make sure that you’re investing in something that aligns with your risk tolerance, and something that could make you money. While buying and selling penny stocks can be challenging, it can also be incredibly lucrative if done correctly.
That said, it’s important to remember that penny stocks are highly volatile and risky. So, before you invest in any penny stocks, make sure you do your research and understand the risks involved. With that in mind, do you think penny stocks are worth buying in April or not?