3 Penny Stocks That Could Be Worth Buying This Month 

Investing in penny stocks can be a great way to make money, but it can also be a risky way to lose money if you’re not careful. If you’re thinking about buying penny stocks, you should first understand the pros and cons of doing so.

On the plus side, investing in either penny stocks or blue chips gives you the potential to make returns on small investments. If you choose wisely, you can see a big return with just a few hundred dollars. This is due to the nature of penny stocks and the frequency at which they move. On the flip side, it can be extremely easy to lose money with penny stocks if you’re not careful. 

[Read More] Best Penny Stocks to Buy Now? 3 That Investors Are Watching

Another advantage for penny stocks is how speculative they are.  If you’re not familiar, speculation is when individuals buy a stock based on news or information. This is the main reason for movement with penny stocks, and can be a pro or a con. 

Before you make any decisions, it’s important to understand both the pros and cons of penny stock investing. Once you know what you’re getting into, you can make a strategy and use it fully. Having a trading strategy is always important when investing in the market, but it’s especially critical when penny stocks are involved. 

Penny stocks are worth considering if you’re looking to invest in a volatile, yet potentially lucrative market. However, be sure to do your research and develop a solid trading strategy before diving in. With a little bit of knowledge and caution, investing in penny stocks can be a profitable endeavor. Considering this, here are three penny stocks to watch right now. 

3 Penny Stocks to Add to Your April 2022 Watchlist 

  1. Cenntro Electric Group Ltd. (NASDAQ: CENN)
  2. Invesco Mortgage Capital Inc. (NYSE: IVR
  3. Clover Health Investments Corp. (NASDAQ: CLOV

Cenntro Electric Group Ltd. (NASDAQ: CENN) 

Cenntro Electric is a penny stock that investors have been watching heavily over the past few weeks. In the last month, shares of CENN stock have shot up by more than 44%. This is a staggering gain, especially considering its six month drop of more than 79%. To understand why shares of CENN stock are moving, we have to take a closer look at what the company does and why CENN stock is getting so much attention right now.

[Read More] 3 Penny Stocks Under $1 That Are on Fire Today 

The most recent update from the company came on March 25th when the company announced the completion of its acquisition of a majority interest in Tropos Motors Europe. The company stated that it purchased a 65% interest in Tropos for 3.25 million euros.

“This acquisition adds significant capacity to our production and will fast-track our market expansion and brand recognition within EMEA (Europe, Middle East and Africa).”

The CEO of Cenntro, Peter Wang

For more context, Cenntro Electric is a designer and manufacturer of electric vehicles. These light and medium duty vehicles are sold to a variety of markets around the world. And with the recent rise in energy prices, many are looking at alternatives such as electric for transport needs. Whether this makes CENN stock worth adding to your list of penny stocks to buy, is up to you.

Penny_Stocks_to_Watch_Cenntro

Invesco Mortgage Capital Inc. (NYSE: IVR) 

Another penny stock that investors have been watching recently, is IVR stock. While shares of IVR have seen some bearish momentum in the last month or so, some believe that its recent bottom could be worth paying attention to. The most recent news from Invesco Mortgage came on March 28th. On the 28th, the company stated that it has declared a cash dividend of $0.09 per share for the first quarter of this year. This is good news for investors and is a positive for those who have been holding IVR stock.

For some extra context, Invesco Mortgage is a real estate investment trust that works on investing, financing, and managing mortgage-backed securities. In the past year or so, we’ve seen some major movement in the real estate industry with prices continuing to climb. And while this has slowed down to some extent, the price of real estate is high globally and especially in the U.S. Considering all of that, do you think that IVR could be a worthwhile addition to your penny stocks watchlist or not?

Penny_Stocks_to_Watch_Invesco

Clover Health Investments Corp. (NASDAQ: CLOV) 

Clover Health is another penny stock that we have discussed numerous times in the past few months. While shares have fallen in the past five days by over 8%, prior to this, we saw CLOV stock climbing substantially. In the past month, CLOV stock has climbed by more than 8%. The big news with Clover Health recently came in February when the company announced its fourth quarter 2021 results.

[Read More] Dogecoin vs Penny Stocks: 5 Short Squeeze Stocks To Watch Now

In the results, the company announced $432 million in revenue which is up 160% year over year. Additionally, the company stated that Lives under Clover Assistant Management increased by over 223% year over year which is big news for the company. All of these financial results are extremely exciting for the company and investors alike. Considering all of this, do you think that CLOV stock is worth buying or not?

Penny_Stocks_to_Watch_Clover

Are Penny Stocks on Your Watchlist Right Now?

With so many penny stocks to choose from, it can be challenging to pick the best ones to buy. However, having a trading strategy and understanding how to use that to your advantage, will be incredibly helpful when it comes to making money with small caps. With all of this in mind, do you think penny stocks are worth investing in right now or not?

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


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.

You May Also Like

Are These On Your List Of Penny Stocks Right Now? 1 Up 285% In June

4 High-Flying Penny Stocks To Watch In June 2020 There’s no question…