Are These 3 Canadian Penny Stocks On Your Watchlist In 2019?

Penny stocks, although notorious for their volatility, also boast the potential to generate significant gains.  The share price of a penny stock can jump, up or down, in the blink of an eye, often making them some of the most exciting and nerve-racking trades in the markets.

For Penny Stock Traders who are able to tolerate the risks associated with fast moving penny stocks, here are three Canadian stocks that might end up on your list of penny stocks this year, 2019:

More Gas Left In The Tank? –
World Class Extractions Inc. (PUMP)

World Class (PUMP Chart) is a cannabis and hemp extractions systems company. In general, this is a fairly new listing to the Canadian Securities Exchange. This Canadian penny stock saw a 30% boost to its share price on April 16th while its trading volume multiplied nearly three times. Previous trading sessions show much lighter volume in comparison.

Some penny stock news to note: World Class entered a merger agreement with Quadron Cannatech Corporation (QCC Chart). The deal calls for World Class, through a wholly-owned subsidiary, to acquire all of the issued and outstanding common shares of the extraction and cannabis processing solutions company.  With this merger, this marijuana stock intends to become a global leader in the highly lucrative extraction sector, according to World Class Extractions.

A Penny Stock Breakout In The Making? –
MAX Resource Corp. (MXR)

MAX Resources (MXR Chart) is a Canadian exploration company. This Canadian Penny Stock saw its share price increase by 25% on April 16 while it traded at volume levels not seen since mid-February; up over 800% from its previous trading session.  More penny stock news aided as a catalyst. This was about the company’s mineral exploration project in Medellin, Columbia.

The mining penny stock provided an update regarding its Choco Gold and Platinum Project.  “The assay results from Samples 001 and 002 are impressive and confirm the presence of noteworthy amounts of gold and platinum on our Choco project,” said Brett Matich, President and CEO. It may be wise to keep an eye on this penny stock. Should another positive update regarding the exploration surface, you may strike gold.

Is This Rock Bottom? –
Kalytera Therapeutics, Inc. (KALY)

Kalytera Therapeutics (KALY Chart) is a Canadian penny stock that isn’t being added to the list for its price movement but for its market activity. KALY stock saw its second -highest trading volume day in the last 2 weeks, on April 16^th.

The CBD Stock / CBD therapeutics company saw more than 18 million shares traded before the closing bell. A few days ago this penny stock released news and it wasn’t received well at all.

Though the company looks to raise upwards of $10 million, it will most likely add more shares to the market. As much as penny stock traders like corporate progress, they hate market dilution. As the story develops, we’ll see if this marijuana penny stocks can bounce back from these all-time low levels.