3 Penny Stocks Gaining During Trading Today
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. With another volatile week of trading penny stocks, investors are working hard to make money with small caps. And, the best way to do this will always be by having a full understanding of what is going on in the stock market and how to take advantage. And in 2022, we have high inflation, rising interest rates, and much more.
However, some investors believe that we could have seen a peak with inflation, and that we may be seeing some improvement in the economy. But, right now, many investors are choosing to utilize cautious optimism as their main investing strategy.
And by this, investors should continue to understand exactly what is going on and whether these factors will cause the penny stocks on your list to rise or fall. With all of this in mind, let’s take a look at three penny stocks to watch right now.
3 Penny Stocks That Are Gaining Right Now
- Eos Energy Enterprises Inc. (NASDAQ: EOSE)
- Helius Medical Technologies Inc. (NASDAQ: HSDT)
- Mizuho Financial Group Inc. (NYSE: MFG)
Eos Energy Enterprises Inc. (NASDAQ: EOSE)
One of the larger gainers of the day is EOSE stock. At midday, shares of EOSE stock had shot up by over 12%. And in the past five days, EOSE has climbed by more than 28%. Well we have seen penny stocks like this push up with no news, Eos Energy did make an exciting announcement on July 6th. On the 6th, the company announced that it secured over 1 GWh in new orders. This means that its backlog is more than doubled to over $460 million.
“We’ve built a strong working relationship with Eos and are proud to bring American-made technology to the ERCOT market in Texas. Eos’ technology allows us the flexibility to meet the growing demand profile of ERCOT and bring more power to US consumers when needed.”The Managing Director of Bridgelink, Bull Flaherty
This is a major benefit to the company and something that has continued to be cause for investor excitement over the past few months. And as a result, EOSE stock is seeing this bullish sentiment. So, with this in mind, will EOSE be on your penny stocks watchlist or not?
Helius Medical Technologies Inc. (NASDAQ: HSDT)
One of the largest gainers so far on July 12th is HSDT stock. At midday, HSDT stock exploded by over 30%, which is no small feat. With consistent gains, we’ve seen HSDT stock shoot up by over 50% in the past five day period.
The biggest recent news from the company came today. On July 12th, it announced online training for its PoNS Therapy. This includes training for physical therapists that are treating those with multiple sclerosis.
“We are pleased to introduce our online PoNS Therapy training curriculum. In the past, physical therapists treating gait deficit in patients with MS received PoNS training through an in-person, multi-day course.
Our new online module allows training to be completed in three hours, or less, at the therapist’s own pace. Prior to implementing the software, we could only train five to ten people at a time and already we have fifty-five therapists in the queue in the United States, and another twenty in Canada.”The CEO of Helius, Dane Andreeff
Right now, telehealth is a major benefit for consumers and something that investors are excited about. And as a result, HSDT could be worth considering for your list of penny stocks to watch.
Mizuho Financial Group Inc. (NYSE: MFG)
On July 12th, MFG saw a decent rise in value, pushing up by over 1.5%. While the company has not released any news today, it did announce its Form 20-F on July 3rd. Prior to this, the company announced that it acquired Dallas-based Capstone partners. This is a middle-market placement agent which should help Mizuho to expand its fundraising and advisory services.
“Capstone reinforces our global capital raising and distribution capabilities, while opening new avenues of opportunity for delivering innovative fundraising and advisory services to the financial sponsor and general partner markets. The acquisition also enhances our pipeline for lending, acquisition financing, capital markets, and M&A advisory business.”The CEO and President of Mizuho Securities
While it’s hard to say if MFG stock is worth buying or not, we do know that these recent moves are exciting. If you’re not familiar, Mizuho is a provider of financial services such as investment and corporate banking. It does this in the Americas and is based out of Japan. With over 60,000 employees, Mizuho is quite a large company to keep an eye on. Whether all of this makes it worth buying or not is up to you.
Which Penny Stocks Are You Watching Right Now?
As stated earlier, there is a lot for investors to understand about trading penny stocks right now. This means that it all comes down to having the best strategy and knowing exactly what is going on in the stock market.
While it can be complicated, making a penny stocks watchlist will continue to be your best friend. So, with all of this in mind, which penny stocks are you watching right now?