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Hot Trending Penny Stocks With High Volume Right Now

Are These High Volume Penny Stocks Worth Watching in October?

Finding trending penny stocks can be a great way to get ahead in the stock market. And with so many to choose from, the options for penny stocks to buy are broad. But, the sheer amount of choices means that investors need to be selective about the stocks they are watching. The best way to do this is by first, understanding what type of investor you are. 

On one hand, we have long-term traders. These are investors that look for value in the long term (a few months to a few years). The goal here is to find a penny stock that is severely undervalued, and hope that it traverses penny stock territory in the long term. 

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On the other hand, we have short-term or swing traders. These are traders that look for short-term (a few hours to a few days) spikes in value to take advantage of. Swing trading is not for the faint of heart, and is something that only experienced traders should engage in. However, it can be a profitable endeavor, and is quite popular with penny stocks. So, considering all of this, let’s take a look at three trending penny stocks to watch with high volume right now. 

3 High Volume Penny Stocks to Watch Right Now 

Denison Mines Corp. (NYSE: DNN)The Metals Company (NASDAQ: TMC) Ault Global Holdings Inc. (NYSE: DPW

Denison Mines Corp. (NYSE: DNN)

The mining industry has been increasing tremendously in the past few months. As demand continues to increase for uranium, companies such as Denison Mines hold strong positions. DNN is a company that explores and develops uranium products. It however is not only a uranium mining company but conducts business in both the coal and potash industries. 

Some of DNN’s primary interests are found in the Athabasca Basin region in Canada. Its main project is the Wheeler River which is regarded as the largest undeveloped uranium-rich region east of the Athabasca Basin. In recent news, the company stated that UEX Corporation paid back its $20.45 million loan to Denison. 

“Denison congratulates UEX on their recent financing and repayment of the Term Loan. We are looking forward to working with UEX on Denison’s flagship Wheeler River project and the various other projects that make up JCU’s unique and valuable portfolio of strategic Canadian uranium interests.”

David Cates, President, and CEO of Denison

Considering all of this, what do you think of DNN as a potential penny stock to add to your watchlist?

The Metals Company (NASDAQ: TMC)

There have been plenty of new trending in the stock market this year. Whether you’re talking about meme stocks, short squeeze stocks or penny stocks under $1, new themes continue popping up. 

This month it looks like traders may be looking for stocks at record low levels. The recent SPAC merger of The Metals Company into the Sustainable Opportunities Acquisition Corporation SPAC is the latest example of a market “reset” of sorts. At the time the SPAC merged, the stock traded over $15 at one point. However, selling pressure took TMC below the penny stock threshold to lows of $4.03 in less than 1 month of the public debut.

Last week, things started turning around for TMC stock, Shares rallied back above $5 on Friday with trading volume remaining high. One of the recent focuses for traders is on the company’s business model and how it factors into the red hot EV sector. The Metals Company specializes in lower-impact battery metals exploration.

But instead of mining raw battery materials, TMC explores for them from the seafloor. Last week, it announced the mobilization of its latest offshore research campaign, Environmental Expedition 5C. The target area is the pelagic zone in its NORI-D license area of the Clarion Clipperton Zone in the Pacific Ocean.

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Even though that was the most recent headline, traders are focusing on something different. That “something” includes insider buying. Specifically, recent Form 4 filings show that Director Andrej Karkar and CEO Gerard Barron picked up more shares in company stock. Barron’s 34,000 shares were bought at an average price of $4.41 totaling nearly $150,000. Meanwhile, Karkar’s purchase was considerably larger and to the tune of 2,250,110 at a $4.4442 average – roughly $10 million. Thanks to this, traders have begun looking at TMC stock more closely heading into the start of October.

Ault Global Holdings Inc. (NYSE: DPW) 

In the past five days, shares of DPW stock have shot up by over 8%. While this may not seem like a lot, it is encouraging following several months of less than stellar trading. Only a few days ago, Ault announced the appointment of Jodi Brichan to the board of directors of Adtech Pharma Inc. Ault has the rights to acquire up to 40% of Adtech, in an agreement set up back in June of this year. 

“We are very pleased that Adtech has appointed Jodi Brichan to its board of directors. We look to see Adtech benefit greatly from Jodi’s experience, expertise, and success in nurturing products through clinical development, early commercialization, and ultimately, impacting revenue creation in the biopharma and healthcare sectors.” 

The Executive Chairman of Ault Global, Milton “Todd” Ault, III

If you’re not familiar with Ault, it is a holdings company that works with undervalued businesses and disruptive technologies. This includes offering products through its subsidiaries for industries such as aerospace, defense, automotive, textiles, biopharma, and much more. Because it is such a diversified company, it remains an interesting play in the stock market. Considering this, does it deserve a spot on your penny stocks watchlist in October?

Which Penny Stocks Are You Watching Right Now?

Finding the best penny stocks to buy in 2021 can be challenging. But, with so many to choose from, there is plenty of momentum to take advantage of. Understanding current market trends and your own investing style will help to put you one step ahead of the game.

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And with penny stocks, the investor with the most information will always be the one with the best chance of profitability. Considering this, which penny stocks are you watching right now?

The post Hot Trending Penny Stocks With High Volume Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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