3 Penny Stocks to Add to Your Watchlist in June 2022
Finding penny stocks to buy can be challenging. With so much going on in the stock market, it can be hard to know where to start. These days, there are plenty of resources available to help you find penny stocks to buy. However, not all of these resources are created equal.
When it comes to finding penny stocks to buy, the best place to start is with a stock screener. A stock screener is a tool that allows you to filter stocks by certain criteria. Once you’ve done this, the next step is to have a complete understanding of who you are as a trader. While it may seem easy to buy and sell penny stocks, it is crucial to understand exactly what your risk tolerance is and what your short/long term goals are. This is incredibly important, as it will help you make informed decisions when it comes to penny stocks.
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Additionally, it is also important to understand the different types of penny stocks. For example, each penny stock will have a different risk profile depending on the industry it is in. For instance, a biotech penny stock will have a much higher risk than an energy penny stock typically. As such, you need to be comfortable with the level of risk you are taking on before investing in any penny stock.
Finally, always remember to do your own research before buying any penny stock. While there are plenty of resources out there that can help you find penny stocks to buy, it is ultimately up to you to make the final decision. By doing your own research, you can be sure that you are making an informed decision and not blindly following someone else’s advice. With that in mind, let’s take a look at three penny stocks to add to your watchlist this week.
3 Penny Stocks to Watch in June 2022
Camber Energy Inc. (NYSE: CEI)
Camber Energy is a penny stock that we have discussed numerous times over the past year or so. And in that time, it has shown a high level of volatility. Despite this, we have also seen some periods of gains with CEI that have continued to attract investors of all types. In the past week or so, shares of CEI stock have shot up in the double digits. And for that reason, it is worth taking a closer look at. Now, before going any further, it’s worth noting that CEI is one of the original meme stocks.
A year or so ago, the company was at the center of attention for its mentions online in places like Reddit and Twitter. And, with its recent moves into clean energy, it’s clear that investors are excited about both the speculative potential of CEI and its fundamentals. With its subsidiary Viking Energy, there is a lot about CEI that could be worth keeping an eye on in the future. So, whether it deserves a spot on your penny stocks watchlist or not, is up to you.
Verastem Inc. (NASDAQ: VSTM)
Another penny stock that has been garnering attention recently is VSTM. In the past few days, VSTM has seen sizable bullish momentum, despite a one-month drop of over 25%. To understand whether VSTM stock is worth buying or not, we have to take a closer look at the company. On May 18th, it announced that it was awarded Pancreatic Cancer Action Network’s first therapeutic accelerator award.
This will allow it to conduct research regarding the combination of VS-6766 and defactinib in treating metastatic pancreatic cancer. Right now, we are seeing a major amount of bullish sentiment with biotech penny stocks. And, with this exciting announcement, it’s clear that VSTM is quite popular at the moment. Considering this, do you think VSTM is worth adding to your list of penny stocks to buy or not?
Borqs Technologies Inc. (NASDAQ: BRQS)
With bullish sentiment surrounding it recently, Borqs Technologies is another penny stock that investors are watching right now. In the past five days or so, shares of BRQS stock have climbed by more than 15%, which is quite substantial. The main reason for this comes as the company announced its subsidiary, Holu You Energy LLC, has collaborated with the State Ageny, the Hawaii Green Infrastructure Authority (HGIA).
This collaboration will allow it to provide solar energy to areas including the Multi-Unit Residential Buildings market. The announcement is a big deal for the company and should help it to bring in income as well as notoriety to its business. While it is tough to say what the long term effects of this will be, there is no doubting that investors are bullish on the company right now. Considering that, will BRQS be only our buy list this month?
Which Penny Stocks Are You Buying This Week?
With a new week of trading penny stocks here, there is a lot for investors to know. But, with the right information on hand, investors can have a much easier time making money with small caps. And, with so much going on, there is also a lot for investors to take advantage of. So, with all of this in mind, which penny stocks are you buying this week?