3 Penny Shares to Watch As We Flip the Nook in Could
With Could already midway carried out, which penny shares are climbing to the highest? Properly, as a result of there are tons of of penny stocks to select from, this query isn’t that easy to reply. However, like something, we are able to break it down step-by-step to see which on the list of penny stocks, are price watching.
For starters, let’s take into account what the business seems like proper now. In Could 2021, we now have the pandemic slowly coming to an in depth within the U.S., the rise of cryptocurrencies like DogeCoin and Bitcoin, and among the highest inflation charges prior to now decade.
And whereas a few of what’s happening proper now is probably not optimistic, there may be at all times a chance for these seeking to buy penny stocks. It might take a little bit outside-of-the-box creativity, however finding priceless penny shares to observe will be simpler than imagined. And on the core of each nice watchlist, will at all times be analysis and a dedication to info.
Many buyers new to buying and selling shares below $5, will merely discover the biggest performers of the day, and hop on in an try and capitalize on their worry of lacking out (FOMO). However, it’s essential when investing in penny shares or any shares for that matter, to go away emotion on the door. Contemplating all of this, let’s check out three penny shares that ought to be in your Could watchlist.
3 Penny Shares to Add to Your Could Watchlist
- Vertex Power Inc. (NASDAQ: VTNR)
- Atossa Therapeutics Inc. (NASDAQ: ATOS)
- Coloration star Know-how Co. Ltd. (NASDAQ: CSCW)
Vertex Power Inc. (NASDAQ: VTNR)
We lined VTNR inventory just a few days in the past in response to the Colonial Pipeline Shutdown’s impact on energy penny stocks. And, once more on Could thirteenth, shares of VTNR inventory are up within the double-digit proportion factors.
For some context, Vertex Power is a refiner of oil merchandise reminiscent of motor oil, petroleum, and people utilized in industrial lubrication. It owns a serious 9 million gallon storage facility based mostly in Louisiana, in addition to a number of different services across the nation. The corporate states that it is among the largest processors of used motor oil within the U.S., which is a big milestone.
Whereas no new information got here out on Could 14th, right this moment’s achieve is probably going the results of yesterday’s Q1 2021 steadiness sheet report. Within the report, the corporate managed to extend its adjusted EBITDA by $4.9 million over Q1 2020. A lot of that is because of the YoY enhance of Group II+ base oil costs of 20%. Moreover, on the finish of the quarter, Vertex reported having complete money in hand of round $16.4 million.
“Our robust first-quarter outcomes, which embody important yr over yr development in gross revenue, working earnings and adjusted EBITDA, have been pushed by a mixture of elevated product demand, improved margin realization, disciplined expense administration, and full optimization of our Marrero and Heartland refineries.”
Benjamin Cowart, CEO of Vertex
Now, the corporate states that its enterprise has risen above pre-covid ranges. That is all thrilling information and will make VTNR inventory price watching within the coming weeks.
Atossa Therapeutics Inc. (NASDAQ: ATOS)
One other penny inventory that we’ve lined quite a few occasions is Atossa Therapeutics. On Could 14th, shares of ATOS shot up by round 23% by finish of the day. Earlier within the day, ATOS reported its Q1 2021 monetary outcomes in addition to some company updates.
Earlier than we go into it, let’s discuss what Atossa does. Atossa Therapeutics is a clinical-stage biopharmaceutical firm engaged on progressive oncology and infectious disease-related medicines. This features a give attention to each breast most cancers, and extra not too long ago, Covid-19.
In its quarterly replace, the corporate introduced that it had concluded its open-label Part 2 research of Endoxifen for the remedy of breast most cancers. Because of this this system can transfer ahead very shortly.
Moreover, it acquired a Secure to Proceed letter from the FDA, solely furthering using Endoxifen in upcoming trials. Lastly, the corporate reported that its nasal spray, AT-301 for Covid-19, was secure and well-tolerated by sufferers.
“Throughout the first quarter of 2021, we continued our two key growth packages, specifically our Part 2 research of oral Endoxifen for the ‘window of alternative’ between analysis of breast most cancers and surgical procedure and our Part 1 research of AT-301 nasal spray for at-home use for sufferers not too long ago recognized with Covid-19.
As well as, we continued our ongoing expanded entry program with Endoxifen through which the drug continues to be nicely tolerated and nice most cancers recurrence has not been seen clinically. We additionally acquired an necessary authorization from the FDA.”
Dr. Steven Quay, CEO and President of Atossa
With this thrilling information in thoughts, will ATOS be in your penny inventory watchlist?
Coloration Star Know-how Co. Ltd. (NASDAQ: CSCW)
Coloration Star Know-how Co. Ltd. is one other penny inventory that pushed up massive right this moment. By EOD, shares of CSCW had pushed up by as a lot as 22%. Proper now, shares of CSCW sit at round $0.99 which is a tipping level for a lot of penny shares. If it may well push previous the $1 mark, it could possibly be massive information for CSCW.
Coloration Star works as an entertainment penny stock, targeted on creating and using new applied sciences to make use of within the leisure business. This consists of blockchain expertise, AI, AR, and extra.
As a result of it’s such a cutting-edge firm, many imagine that it could possibly be the way forward for the tech-centered leisure market. Extra not too long ago, the corporate has turn into an NFT penny inventory by its work within the manufacturing of latest non-fungible tokens with varied functions.
The CEO of the corporate, Mr. Luke Lu, said that “at the moment, NFT transactions available in the market are very energetic, and we’re optimistic concerning the utility of NFT expertise within the leisure business…Primarily based on the information from this section, we are going to accumulate extra expertise in launching related merchandise sooner or later.”
Whereas no particular information got here out right this moment detailing the strikes that CSCW made, it could possibly be as a result of many cryptocurrencies popped through the buying and selling day. Whether or not or not that is the case, CSCW stays an fascinating penny inventory to observe.
Are These Penny Shares Price It?
On the finish of the day, discovering the best penny stocks to watch relies in your technique. Utilizing the most important day by day gainers is usually a good technique, but it surely ought to solely be carried out in tandem with different analysis and data.
Proper now could be an fascinating time to invest in penny stocks. And with a lot happening on the planet, the market may proceed to get higher. With this in thoughts, are these penny shares price it?