3 Penny Stocks For Your September 2021 Watchlist
Are you making a list of penny stocks to buy in September? Well, if so, there are hundreds of options to choose from. Right now, investors in penny stocks are focused on a few areas specifically. And to understand which, we have to take a look at what’s going on in the world right now. The most obvious factor impacting the stock market in September 2021 is Covid.
While cases have been on a decline in the past few days, it’s clear that the pandemic is still around, and still having an effect on the market. And as a result, many investors are cautiously optimistic about the future.
In September, there is also a sizable focus on a few industries such as biotech penny stocks, tech penny stocks, and some reopening penny stocks. This makes sense given the current trajectory of the pandemic and the growth that these industries have experienced in the past few months.
So, keep a close eye on the news, and always be looking out for the best ways to make money with penny stocks. Considering all of this, let’s take a look at three penny stocks you might want to check out in 2021.
3 Hot Penny Stocks to Watch in September 2021
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is a penny stock that is by more than 13% at EOD today. This gives it a five-day gain of over 70% and a one-month gain of almost 300%. It’s worth noting that we’ve discussed CEI stock numerous times in the past few weeks. But, if you’re not familiar, this company acquires land, develops the natural gas resources, and then sells the final products. Primarily, Camber offers crude oil, natural gas, and natural gas liquids.
The company had total estimated proved reserves of 133,442 million barrels of oil equivalent as of March 31st, 2020. While the energy industry is booming right now, CEI seems to be the latest in the group of Reddit penny stocks. And as a result, we have seen shares skyrocketing in the past few weeks as mentioned above.
Towards the end of August, Camber’s subsidiary Viking Energy Group Inc. secured an exclusive IP license with ESG Clean Energy LLC for its patented carbon-capture system. This carbon capture system, the ESG Clean Energy System, can capture 100% of CO2 from combustion engines and produce saleable commodities. This license is exclusive and unlimited for all of Canada, and non-exclusive for up to 25 locations in the United States.
“In my view, this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices.”
The President and CEO of Camber Energy, James Doris
Since this update was released, CEI stock has gone up substantially in the market. Considering all of this information, is CEI a contender for your list of penny stocks to watch?
Progenity Inc. (NASDAQ: PROG)
Progenity Inc. is a biotech penny stock that is a part of the most recent industry rally. Up over 8% today, it’s clear that investors are showing bullish sentiment toward PROG stock right now. This company develops and commercializes various molecular testing products in the United States. The company’s main product is Innatal, which is a noninvasive prenatal screening test for women early in pregnancy to check for chromosome abnormalities.
Progenity has caught a lot of attention recently due to its developments for COVID-19. This company has begun offering COVID-19 PCR testing services for individuals to check if they have the virus. Its latest update isn’t related to COVID-19 despite the focus on pandemic-related developments.
On September 14th, the company announced that its patent has been issued and granted for the assessment of preeclampsia using assays for free and dissociated placental growth factors. The patent is for creating kits, compositions, and methods for biological samples.
“We are pleased the USPTO has granted this patent covering unique and novel methods for determining levels of free and dissociated PlGF since detection and quantification of both biomarkers are critical for assessing preeclampsia.”
Chief Scientific Officer of Progenity, Matthew Cooper
On the same day of the announcement, PROG stock shot up in value, which is likely not a coincidence. Its worth noting that its volume is also nearly 8 times higher than its average in the market. With this in mind, will PROG stock be on your watchlist in September?
Alset EHome International Inc. (NASDAQ: AEI)
Alset EHome International Inc. is a property development company that operates in a variety of countries. The company offers digital transformation tech and biohealth activities as well. Alset operates in the United States, Hong Kong, Australia, Singapore, and South Korea where it designs apps for enterprise messaging and e-commerce purposes.
On September 9th, the company’s subsidiary American Pacific Bancorp Inc. received a $40 million investment from Document Security Systems Inc. (NYSE: DSS). DSS is a penny stock that we have discussed numerous times in the past few weeks both in relation and not in relation to this deal. APB will issue 6,666,700 shares of common stock for $6 per share to the company. This means that Document Security Systems now has acquired more than 50% of American Pacific Bancorp to date.
CEO Frank D. Heuszel said, “This investment represents a strong validation of APB’s business model, and this fresh injection of funds should significantly improve APB’s ability to execute its plans on an expedited basis.”
Since this update was released, AEI stock has increased significantly in the market. And, AEI stock’s volume is at least four times higher than its average, indicating high popularity of the company right now. By EOD on September 14th, shares of AEI stock had shot up by over 5%. Considering all of this exciting news and its future prospects, will AEI make your list of penny stocks to watch in September?
Are Penny Stocks Worth Buying Right Now?
The answer to this question is one that comes from your own investing style in addition to your risk tolerance. While there are hundreds of penny stocks to choose from, not all of them are worth it.
But, doing a sizable amount of research and understanding exactly what a company does, are the best ways to have a chance at making money with penny stocks in 2021. Considering this, do you think that penny stocks are worth buying right now?