Greatest Penny Shares to Watch in July 2021
As we transfer towards the final week of June, which penny shares are traders expecting subsequent month? Nicely, to reply this we now have to contemplate what’s going on on the planet proper now. For starters, we now have the tip of the Covid pandemic on the horizon. That is leading to a considerable amount of bullish sentiment for the long run.
That sentiment extends into biotech penny stocks, tech penny stocks, and energy penny stocks amongst others. The subsequent factor to contemplate proper now could be the latest cryptocurrency dip. This has occurred over the previous few days, however the largest drop was witnessed right now as Bitcoin worth fell under $30,000 for a short second.
Whereas cryptocurrency and penny stocks are clearly completely different property, they will at instances commerce in parallel with each other. So, contemplating these two components and their results on the inventory market, listed here are 5 extra penny shares to look at proper now. This text is a continuation of ‘Hot Penny Stocks to Buy? 3 For Your Morning Watchlist’.
5 Extra Penny Shares to Watch in July 2021
- Uranium Power Corp. (NYSE: UEC)
- Qudian Inc. (NYSE: QD)
- 9F Inc. (NASDAQ: JFU)
- T2 Biosystems Inc. (NASDAQ: TTOO)
- Kaixin Auto Holdings (NASDAQ: KXIN)
4. Uranium Power Corp. (NYSE: UEC)
Uranium Power Corp. is a mining penny stock that explores, extracts, and processes uranium and titanium focus. The corporate operates out of the USA, Canada, and Paraguay. At present, it has an curiosity within the Palangana mine, Goliad, Burke Hole, Longhorn, and Salvo tasks. These tasks are situated in Texas, Arizona, Colorado, Wyoming, Canada, and Paraguay.
On Could twentieth the corporate introduced that it has elevated its bodily fairness uranium holdings. It has acquired a further 200,000 kilos of warehoused U.S. uranium. This was absolutely funded with money readily available and now totals 2.305 million kilos of U.S. warehoused uranium. The amount-weighted common worth for uranium proper now could be $30 per pound with supply dates to June 2023.
Loads of mining penny shares have been performing very effectively out there currently. Uranium is a rising market proper now as different power continues to achieve momentum. UEC’s inventory worth sat at round $1.60 per share on common only one month in the past. Now as of June twenty second, UEC inventory is at $2.80 per share on common. So, will you add UEC inventory to your watchlist this week?
5. Qudian Inc. (NYSE: QD)
Monetary penny shares like Qudian Inc. are additionally witnessing stable efficiency proper now. Qudian is an organization that gives on-line platforms to supply small-company and particular person client credit score merchandise in China. Its merchandise embody money credit score merchandise and merchandise choices to finance debtors for direct buy of merchandise off of its market on an installment foundation. It additionally has a platform for mortgage suggestions and referral providers to monetary service suppliers.
One week in the past Qudian Inc. reported its first-quarter unaudited monetary outcomes for 2021. Its whole excellent mortgage stability, variety of excellent debtors, and quantity of transactions from mortgage guide enterprise all decreased yr over yr. Lowering the variety of loans and debt on an organization’s books is all the time excellent news for traders, and that is no exception.
The Founder, Chairman, and CEO of the corporate stated, “Within the first quarter of 2021, we continued to execute a prudent operational technique associated to our money credit score enterprise amid an evolving regulatory surroundings whereas making important strides to advance our early childhood training enterprise initiative.” With all of this in thoughts, will you add QD inventory to your watchlist this month?
6. 9F Inc. (NASDAQ: JFU)
9F Inc. is a tech penny inventory that operates a digital monetary account platform. This platform integrates and personalizes monetary providers for these residing in China. A few of its merchandise embody digital monetary accounts, wealth administration, and fee facilitation providers. Its platforms embody Wukong Licai, 9F Pockets, and 9F Puhui. So, what has 9F been doing not too long ago that’s inflicting its inventory worth to go up?
On June third the corporate introduced that it’ll maintain a rare common assembly on July eighth. The aim of the assembly is for shareholders to contemplate and if thought match, approve a reputation change from 9F Inc. to Ether Securities Inc. One month in the past, JFU inventory was at $1.30 per share on common. Now on June twenty second, the corporate’s inventory worth is at $2.35 per share on common. Contemplating this, is JFU a contender to your checklist of penny shares to look at in 2021?
7. T2 Biosystems Inc. (NASDAQ: TTOO)
T2 Biosystems Inc. is a biotech penny inventory that focuses on in-vitro diagnostics. The corporate develops diagnostic merchandise and biotech product candidates in the USA. Its T2 Magnetic Resonance expertise permits for the detection of pathogens, biomarkers, and different abnormalities in varied unpurified affected person pattern varieties. It additionally affords the T2Dx Instrument, used for detecting pathogens related to sepsis and Lyme illness.
On June twenty first, the corporate made a number of key bulletins. The primary is that it’ll participate within the American Society for Microbiology and the Federation of European Microbiological Societies’ World Microbe Discussion board. It’ll additionally take part within the Sepsis Tech and Innovation 2021 convention, and some others as effectively.
The CEO of T2 John Sperzel stated, “We’re trying ahead to connecting with like-minded friends within the international medical group to debate how our fast diagnostic expertise may be more practical than customary blood cultures to achieve our frequent purpose of higher managing bloodstream infections and sepsis.” With all of those upcoming conferences in thoughts and TTOO’s ahead momentum, will or not it’s in your watchlist?
8. Kaixin Auto Holdings (NASDAQ: KXIN)
Kaixin Auto Holdings is a client vehicle penny stock-based in China. The corporate operates 14 used automotive dealerships all through the nation, permitting it to have fairly a broad attain. Moreover, it affords financing channels to its clients by way of its partnerships with monetary establishments. A part of its enterprise mannequin is providing insurance coverage, prolonged warranties, and after-sales providers to its clients. Not too long ago, KXIN inventory has pushed upward in a number of buying and selling periods. And this momentum has many traders asking why.
On June twenty second, Kaixin Auto Holdings introduced that it’s in discussions surrounding cooperation and a three way partnership with a number one RV retailer in China. Within the final three years, the RV market in China has elevated by 50%. In 2020, greater than 69,000 RV autos have been offered alone. The corporate intends to collaborate with the RV retailer to promote and hire these autos. Moreover, it should discover the chance to develop and produce electrical RVs.
Corporations that enter the electrical automobile house are performing effectively proper now as a result of emphasis on renewable power. With leaders like TSLA inventory pushing EV adoption, extra corporations than ever are working to affix this business. On the day of the announcement, KXIN inventory elevated by greater than 5.6% out there. So with this in thoughts, will KXIN inventory enter your watchlist for the month?
Which Penny Shares Are You Watching Proper Now?
Discovering the best penny stocks to buy in 2021 is all about understanding what makes the market transfer. Contemplating the components talked about beforehand, we see that there’s a lot happening on the planet proper now. However, with all of those occasions comes a excessive probability that we are going to witness main motion within the inventory market.
To benefit from this, traders want to grasp how to trade penny stocks and what their particular person technique is. Contemplating this, which penny shares are you watching proper now?
To learn concerning the different 4 shares on this checklist, head to Hot Penny Stocks to Buy? 3 For Your Morning Watchlist