Are these trending Penny Stocks worth buying at current levels?
3 Trendy Penny Stocks That Might Be Worth Watching Right Now
Using the latest trends to find penny stocks is one of the best ways to stay ahead of the market. And while finding trending penny stocks isn’t enough to make money with small caps, it can be helpful to use current industry news and a stock’s popularity. When looking for a trending penny stock there are a few things investors should know. The most important indicator of a security’s trend; is its volume.
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Volume indicates the number of shares traded on a given day. And if a penny stock is showing volume well above its average, that can be a great indicator that something is going on. It can be as simple as a balance sheet, a rumor, or a press release. But, it is still important to understand why the stock is trending. Next, investors need to consider industry-wide trends. It means looking at what’s going on in the stock market and around the world.
So while this isn’t an exact list of how to find penny stocks, it should help point you in the right direction. With that in mind, here are three trendy penny stocks to watch out for right now.
3 Penny Stocks That Are Trending Right Now
- Artelo Biosciences Inc. (NASDAQ: ARTL)
- Concert Pharmaceuticals Inc. (NASDAQ: CNCE)
- TDH Holdings Inc. (NASDAQ: PETZ)
Artelo Biosciences Inc. (NASDAQ: ARTL)
Artelo Biosciences Inc. is a biotech penny stock that has made significant strides in the past few trading days. Over the past month, ARTL shares have climbed over 55% with a year-over-year gain of over 130%. If you are not familiar with Artelo, it is a company that makes products that use the endocannabinoid system. Artelo is involved in the development and commercialization of these treatments. Its product ART27.13 is in a Phase 1 clinical trial for cancer-related anorexia. In addition to this, he is also working on ART26.12, which is for the treatment of prostate and breast cancer.
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The results of a study comparing the pharmacological effects of cannabidiol of plant origin versus cannabidiol synthesized in human cell lines were released in August. According to the study, purified natural CBD compared to synthetic CBD had no pharmacological difference in vitro in antiproliferative, anti-inflammatory or permeability properties.
“Since this study did not find any pharmacological differences between the CBD compositions, we believe that it is the biopharmaceutical properties that have the greatest potential to differentiate CBD products. Our CBD co-crystal is expected to help improve consistency, absorption, bioavailability, processability and stability. These properties, in turn, can lead to a product candidate with better efficacy and safety. ”
Chairman and CEO of Artelo, Gregory D. Gorgas
One of the reasons ARTL’s stock has moved over the past few sessions is its trending state. Because it is popular online and on various social media sites, ARTL’s stock has seen increased volume in recent weeks. With that in mind, will ARTL be on your list of penny stocks to watch?
Concert Pharmaceuticals Inc. (NASDAQ: CNCE)
Concert Pharmaceuticals Inc. is another trending biotech penny stock that has climbed over 30% in the past five days. This company is developing new small molecule drugs in the United States. The drugs developed by Concert are used to treat a wide variety of autoimmune diseases. Its main candidate is CTP-543 which is currently in a phase 3 clinical trial to treat alopecia areata. Alopecia areata is a serious autoimmune dermatologic disease that many suffer from around the world.
On November 4, CNCE stock surged into the market after the company announced $ 65 million in funding. Concert has reached an agreement with BVF Partners LP and RA Capital Management to raise gross proceeds of $ 65 million, and it has the potential to receive an additional $ 103 million upon full exercise of the related warrants. OK. On the day of this announcement, CNCE’s stock volume stood at over 38 million against an average of less than 700,000. This is a major indicator of its popularity in the market right now.
Going forward, Concert will publish its third quarter results for 2021 very soon. These results will be released on Tuesday, November 9, before the market opens. He will then hold a conference call shortly after the release. This could potentially be the day after we see CNCE action in the news. With that in mind, will CNCE be on your penny stock watch list?
TDH Holdings Inc. (NASDAQ: PETZ)
TDH Holdings Inc. is a penny-traded stock that has climbed 118% in the past five days. If you couldn’t tell by its ticker symbol, PETZ is a company that offers pet food products to North America, China, Europe, and Asia. TDH Holdings engages in the development, manufacture and sale of these products with its subsidiaries. Currently, TDH offers 200 products, including 6 lines of pet chews, pet snacks, canned wet pet food, and more.
On November 3, TDH announced the completion of an agreement and the closing of a registered direct placement of $ 9.9 million of common shares and warrants. This gross proceeds of $ 9.9 million comes from the sale of 15,000,000 common shares at a price of $ 0.64 per share. TDH plans to use the net proceeds of this offering for strategic acquisitions and investments in complementary businesses.
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That being said, he currently has no agreements, arrangements or commitments for a specific material acquisition at this time. The exclusive placement agent for the offer was Boustead Securities LLC. Offers like these are always important for investors to consider as they allow new capital to enter different business transactions. And while the investments he will make with that money were not indicated at the time, it is an exciting prospect nonetheless. With its volume well above its average, will PETZ be on your penny stock watch list?
Are Trendy Penny Stocks Worth It?
The short answer to this question is that it is entirely up to you and your investing style. Investing in penny stocks is all about understanding what type of trader you are and how you can benefit from this style of trading. So, given all of this, do you think penny stocks are worth buying in 2021 or not?