Penny stocks are the focus of many investors right now. And, there’s a good reason for that. First of all, penny stocks are any security trading under $5. This means that most investors can buy either a few or a handful of shares for a relatively low price. And, the entire list of penny stocks tends to fluctuate greatly over a given trading day. This means that the potential for big gains (and big losses) is palpable.
Also, it’s widely known that penny stocks are highly speculative. This means that news events and company/industry-specific factors often have a very large effect on price movements. Because of this, it is always best to stay as up-to-date as possible with all of the news going on in the market.[Read More] Best Penny Stocks to Buy on Robinhood Right Now? 4 To Check Out
As always, doing research is the best way to be ahead of the competition when it comes to investing in penny stocks. This is how investors discover events and make trading decisions that could turn out to be profitable.
Because penny stocks are so volatile, however, investors tend to use them as short-term financial instruments. But, it’s worth noting that some investors choose to buy and hold, hoping that a company will break out of penny stock territory. Considering all of this, here are three penny stocks that popped yesterday.3 Penny Stocks for Your June Watchlist
- HUMBL Inc. (OTC: HMBL)
- Tellurian Inc. (NASDAQ: TELL)
- Centennial Resource Development Inc. (NASDAQ: CDEV)
HUMBL Inc. is a tech penny stock that we have discussed frequently in the past few months. The company operates a digital money network that provides pairing experiences for consumers and merchants worldwide.
One of its products, HUMBLPAY, connects consumers and merchants in the digital economy to pay worldwide. Its HUMBLMARKETPLACE connects customers with merchants online via affiliate programs, shops, and dealer listings.
This is another penny stock that is involved with non-fungible tokens or NFTs. On May 24th, the company announced the successful launch of its HUMBL NFT Gallery. The CEO of HUMBL, Brian Foote said, “We consider it a rare opportunity at HUMBL, to build a consumer brand on the front end of a technology cycle like blockchain. We look forward to collaborating with our partners to help lead and define this exciting new category in the days ahead.”
On May 25th HUMBL announced additional bridge round investments. It closed on $2,500,000 in two new financings. The company now has more than $6 million in available cash as of that date. With so much in its pipeline, will you add HUMBL to your list of penny stocks to watch?Tellurian Inc. (NASDAQ: TELL)
Tellurian Inc. is an oil and gas penny stock-based in Texas. This company has a portfolio of natural gas production, liquefied natural gas marketing, and infrastructure assets. This includes a 27.6 million tons per annum LNG terminal facility in Louisiana. It currently owns 9,373 net acres of natural gas production assets and 72 producing wells.[Read More] 5 Penny Stocks on Reddit For Your June 2021 Watchlist
Tellurian recently reported its first-quarter results for 2021. The company has been focused on reducing its debt throughout the quarter.
“Tellurian now has a much stronger balance sheet and global customers continue to be very interested in our integrated, market-based liquefied natural gas (LNG) product offering as they build their portfolios with flexible, reliable, and cleaner energy sources.”President and CEO Octavio Simoes
This company has increased by more than $1 per share in the last month, which is quite significant for a penny stock. TELL stock went up about 14% alone on May 26th. Oil and gas companies have performed extremely well recently amid increased demand. With all of this in mind, will you add TELL stock to your penny stocks watchlist?Centennial Resource Development Inc. (NASDAQ: CDEV)
Centennial Resource Development Inc. is another penny stock we have discussed frequently in 2021. CDEV is an independent oil and gas company operating out of Colorado, Texas, and New Mexico. It focuses on developing unconventional oil and associated liquids-rich natural gas reserves. One of its main reserves is in the Delaware Basin. It owns or leases around 81,657 net acres and owns 1,472 net mineral acres.
Since the company released its first-quarter earnings, its stock price has been on a tear. The company went from about $4.20 per share to nearly $5 per share in just the last month. This penny stock also recently participated in the UBS Global Energy Conference.
The day after this conference the company’s stock price is up more than 5%. In its quarterly earnings, Sean R. Smith, CEO said, “Our team successfully resumed operational activity during the quarter, while delivering production and costs in line with expectations in spite of the challenges posed by severe winter weather.”
It’s worth noting that yesterday, news dropped regarding new pollution measures for the oil and gas industry. This will likely not shift the trajectory of these companies in the short term. However, by 2030, they will have to significantly reduce their greenhouse gas emissions.
This could present an opportunity to buy the dip, however, only time will tell. For now, it is still up in the air as to how this will affect the energy industry and energy penny stocks. But with this in mind, will Centennial make your 2021 watchlist?Which Penny Stocks Are You Watching?
As we inch toward the future, penny stocks continue to be in focus for many investors. This is due to a variety of reasons that include their low barrier to entry, high volatility, and large speculative impacts. Considering this, there are thousands of penny stocks to buy. Picking the right one can be a challenge for those without access to proper news and education tools.[Read More] Penny Stocks And Cryptocurrency, Which Small-Caps Should You Watch?
However, with a commitment to finding the best penny stocks out there, anyone can be as great of an investor as the top traders out there. And, with so many events occurring right now including the pandemic, fears of long-term inflation, and the cryptocurrency boom, there are plenty of things to keep track of. With all of this in mind, which penny stocks are you watching?