Top Penny Stocks to Watch As the Market Turns Bullish
If you’re looking for penny stocks that will explode, it may take some time and an increased risk tolerance. While we do see penny stocks shoot up dramatically in the course of a given trading day, it can be challenging to find them before they pop. But, there are a few strategies that investors use to find penny stocks that could explode. The first and most recent methodology is to utilize social media.
Often, stocks mentioned heavily online will see heightened investor interest and in turn, high volume. This increases the likelihood that they could see positive momentum, however, nothing is guaranteed. The most common strategy however involves research. Having a thorough understanding of the company you’re interested in, could give you invaluable insight into what its future performance could look like.
This means looking at balance sheets, press releases, upcoming events, and any speculative news that could impact the company. With penny stocks specifically, speculation is the largest cause of movement. If you’re unfamiliar, speculation is essentially any news or event that is impacting the price of a stock.
So, if we take all of this into consideration, we see that there are a lot of things to keep track of when it comes to investing in penny stocks. However, if you do all the research and educate yourself on how to trade penny stocks, it can be easy to find companies before they explode in value. Considering this, let’s take a look at three that investors are watching right now.
3 Penny Stocks That Investors Are Watching Right Now
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is a penny stock that has climbed by over 67% in the past five days. This brings its one month gain to over 310% which is more than substantial. This is a company we have mentioned several times in the past few weeks due to these large gains. And, it’s worth noting that CEI stock is frequently mentioned on Reddit and other social media platforms.
If you are unfamiliar with Camber Energy, let’s get you up to speed. Camber is a company that acquires land for the purpose of natural gas, crude oil, and natural gas liquid development. It is also considered a vertical producer of energy, as it is engaged in every aspect of oil production and sale.
At the end of August, the company secured an exclusive IP license for a carbon capture system. This deal was made for the ESG Clean Energy System from ESG Clean Energy LLC. The deal includes Camber’s subsidiary, Viking Energy Group Inc., and gives the company exclusive rights for all of Canada, and non-exclusive for the United States.
This clean energy system can generate electricity from internal combustion engines and utilize waste heat to capture about 100% of the CO2 emitted from the engine. James Doris, the President and CEO of the company said, “We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System.” Keeping this new info in mind, will CEI stock be on your watchlist this week?
Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN)
Sonnet BioTherapeutics Holdings Inc. is a penny stock that managed to climb by over 11% during today’s trading session. This company develops a platform for biologic medicines via single or bispecific action. Currently, Sonnet is developing a fully human albumin binding technology. Its lead candidate is SON-1010 which is for treating non-small cell lung cancer. It also has SON-080 for treating chemo-induced neuropathy and diabetic peripheral neuropathy.
On August 30th, the company announced the successful completion of the next discovery phase for its preclinical pipeline candidate SON-1410. The company’s SON-1410 was selected based on data generated in a mouse melanoma study comparing three bispecific constructs. This selection was chosen with input from Sonnet’s Scientific Advisory Board. Now an IND submission for the drug is anticipated to take place in the second half of next year.
“Used with a checkpoint inhibitor, SON-1410 could synergistically enhance clinical efficacy. Bispecific assets on the FHAB platform offer targeted delivery to tumors and an extended half-life, potentially improving the therapeutic index for safety and tolerability with enhanced efficacy.”
Founder of Sonnet, John K. Cini, Ph.D.
On September 15th, SONN stock is up substantially as mentioned above, on top of much higher than average volume. Considering all of this, will SONN stock be on your penny stocks watchlist this month?
Sesen Bio Inc. (NASDAQ: SESN)
Sesen Bio Inc. is a biotech penny stock that we have discussed frequently in the past few months due to its momentum. However, there is some adverse news that occurred a few weeks ago that had an equally adverse effect on SESN stock. Before we get into it, let’s talk about what SESN does.
Sesen Bio is a company that creates products for treating cancer patients. Primarily, it utilizes targeted fusion protein therapeutics for the treatment of a wide variety of cancers. The company is involved in the design, engineering, development, and commercialization of these therapeutics. Currently, its leading product is known as Vicinium, which is in Phase 3 clinical trials to treat invasive bladder cancer.
A few weeks ago, Sesen saw a major decrease in its share price following the FDA’s choice to not grant it a Biologics License Application for Vicinium. Despite this bad news, SESN stock has begun to show momentum with some days of gains in the past week or so.
Trading patterns like these can be common with biotech stocks. And, this also is solid evidence of how speculative penny stocks can be. For now, it will be interesting to see if Sesen can recover from this and resubmit its Vicinium product for approval by the FDA in the future. With this in mind, will SESN stock be on your watchlist in September 2021?
Which Penny Stocks Are You Watching Right Now?
When it comes to finding the best penny stocks to buy in 2021, there are a lot of factors to consider. With everything from Covid to inflation and geopolitical events all impacting the stock market, making a watchlist is not easy. But, with the right research on hand, and a solid trading strategy, making money with penny stocks is more than possible.
In addition, having a thorough understanding of your own unique investing style can help to identify which penny stocks may be right for you, and on the flip side, which ones may not be right for your portfolio. Considering all of this, which penny stocks are you watching right now?