7 Penny Stocks You Must Check Out
Finding the best penny stocks to watch in 2021 is a challenge. With so many factors changing the fundamentals of how penny stocks trade, there is a lot to follow right now. When it comes to trade penny stocks in July, there are three distinct things to keep in mind. First, the pandemic and the continuing effects of the Delta variant provide continued volatility that investors can take advantage of.
Second, we need to account for long-term inflation in our portfolios. It is something that is going to happen and it is not speculation per se. However, the question of how much and when is still on the table. If you are wondering why this is inevitable, there are two clear reasons. On the one hand, we have the trillions of dollars that were printed last year. And on the other hand, we have the billions that have been distributed to the public and to businesses who desperately need them throughout the pandemic.
While this should not be used to instigate fear, it should be part of your trading strategy. The last factor to keep in mind is the reopening of the economy. Again, it’s hard to say when this will happen and to what extent it will happen, but as the number of cases decreases (despite the variant), many believe it will happen soon. Given all of that, here are seven penny stocks to watch out for right now.
3 Penny Stocks For Your Watch List Right Now
1. Audia Inc. (NASDAQ: AUUD)
It should be noted up front that the AUUD stock is no longer a penny stock as of this week. However, it was below the $ 5 mark on Monday June 28th and since then we have discussed it on several occasions. For this reason, it’s worth mentioning as the news continues to roll out of Auddia.
For those who don’t know, Auddia Inc. is a media company working in the audio development field of the radio industry. It offers a proprietary AI platform that can personalize radio content ad-free. This platform was recently announced and is the first of its kind, triggering AUUD’s departure from penny stock territory. Just days after the announcement, Audia said she would release her audio app on the AppStore ahead of schedule.
“The launch of the Auddia app represents the culmination of an incredible amount of vision, innovation, dedication and perseverance within the entire Auddia team. Courage never gives up, and I couldn’t be more proud of the unwavering resilience our team has shown to reach this remarkable milestone. ”
Jeff Thramann, CEO of Auddia
While many believe radio may be on the way out, the increased attention to podcasts has brought it into a new era. So whether or not AUUD stock is worth watching or not is up to you.
2. Farmmi Inc. (NASDAQ: FAMI)
Another penny stock that we have discussed frequently over the past few weeks is Farmmi Inc. Since the end of April, FAMI shares have risen by around 25%, which puts it at its July 2 price of a little less. of $ 0.50 per share. One of the interesting factors about Farmmi Inc. is that there aren’t many other penny stocks like this.
Farmmi is a Chinese producer and supplier of various edible mushroom products. This includes Mu Er mushrooms, Shiitake mushrooms, and other similar offerings. The company has seen demand for its mushrooms soar during the pandemic, securing new export orders and other potential contracts along the way. At the end of June, Farmmi announced that it had won a new product order from a long-time customer for its dried mushroom product.
“Our level of customer engagement continues to expand and adds additional value with our industry-leading packaging and logistics to ensure product quality and flavor and minimize costly waste.
We are focused on accelerating Farmmi’s revenue growth and overall expansion, while leveraging our large scale to meet higher levels of demand around the world.
We expect our accelerated growth to continue, driven by health and wellness catalysts, professional and aspiring cooks, and an expansion in global mushroom consumption. ”
Ms. Yefang Zhang, CEO of Farmmi
While this contract alone isn’t a major deal, it’s a reason to show that Farmmi is seeing increased demand. Given this, will FAMI action be on your watchlist in the future?
3. VEON Ltd. (NASDAQ: VEON)
VEON Ltd. is a technology penny stock working to provide connectivity and services to nine countries around the world. It states that the countries in which it operates represent nearly 10% of the world’s population, adding a large potential market size to its operation.
At the end of June, VEON announced a new 10-year syndicated credit facility valued at $ 360 million. Serkan Okandan, CFO of VEON, says that “this facility is a further step in our continued efforts to improve the group’s capital structure by increasing local borrowing to match our local currency income while extending the maturity of our portfolio. of debts ”.
Credit is always a major asset to consider for investors because it allows growth in the short and in this case, in the long term. In any business, capital is the key to securing the progress of a business model, and this is a major borrowing facility to consider. It is also the first of its kind to be extended to the telecommunications sector in Pakistan, which could provide years of market value to all of VEON’s operations. While it will take a while to play out, for now is VEON stock worth watching?
4 More Penny Stocks To Watch Out For
- Enzolytics Inc. (OTC: ENZC)
- Denison Mines Corp. (NYSE: DNN)
- B2Gold Corp. (NYSE: BTG)
- Iamgold Corp. (NYSE: IAG)
What Does Your Penny Stocks Watch List Look Like?
Make a watchlist of penny stocks is not easy and never will be. But, with the large amount of resources available online, it can be much easier than previously imagined. Investors should consider what is going on in the world and how it may affect a particular business or industry in general.
Because penny stocks are so speculative, world events will always have a major impact on price movement and momentum. So, given all of this, what does your penny stocks watchlist look like right now?
COMTEX_389262254 / 2685 / 2021-07-02T16: 57: 15
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