CYTO - 3 Trending Penny Stocks to Watch Right Now
Are These Trending Penny Stocks on Your Watchlist in November?
Finding trending penny stocks can be a great way to get ahead and stay ahead in the stock market. And while trending penny stocks can be anywhere, there are a few places that investors go-to when it comes to making a watchlist. The most prominent place to find trending penny stocks right now is Reddit.
If you’re not familiar, Reddit is a popular social media platform that allows communities to discuss almost any topic you could think of. In the past year and a half, many traders have turned to Reddit as a way to find penny stocks that are popular or could become popular in the coming weeks. While penny stocks on Reddit can be profitable, they can also have very large price swings. This means that if you’re not an experienced trader, it can be very easy to lose money.
[Read More] Hot Penny Stocks To Buy Now? 4 To Add To Your List Today
The next aspect that investors use to find trending penny stocks to buy is volume. Volume is an indicator that reflects the amount of shares traded in a given day. If volume is well beyond a stocks average, it can indicate that something out of the ordinary is happening.
This could be a new press release, a balance sheet update, or an announcement/rumor. As a result, volume can be a solid metric to use during or after the fact. So, with all of this in mind, let’s take a look at three penny stocks that are trending right now.
3 Trending Penny Stocks to Add to Your Watchlist
- Altamira Therapeutics Ltd. ( NASDAQ: CYTO )
- Farmmi Inc. ( NASDAQ: FAMI )
- Sino-Global Shipping America Ltd. ( NASDAQ: SINO )
Altamira Therapeutics Ltd. (NASDAQ: CYTO)
One of the largest gainers of the day so far is CYTO stock, pushing up by over 56% by EOD. The main reason for this comes as the biotech penny stock reported positive efficacy data regarding its Bentrio nasal spray for use against the Deltas variant of Covid. The company stated that the nasal spray managed to reduce viral titers by around 83% for pre-exposure and from 69-85% during post-exposure.
“We are very pleased to see the protective effects of Bentrio against SARS-CoV-2 confirmed also with the highly contagious and fast replicating Delta variant. These fresh results provide further support for the broad applicability of Bentrio.”
Thomas Meyer, the CEO, and Founder of Altamira
This is big news for the company and caused shares to jump by almost 70% during early morning trading on Friday, November 12th. Moving forward, the company plans to continue doing testing on Bentrio to show just how effective it could be. Aside from this, Altamira has several other therapeutics such as AM-125 for vertigo and more. Considering all of this, will it be on your watchlist this coming week?
Farmmi Inc. (NASDAQ: FAMI)
FAMI stock is a penny stock that we’ve covered numerous times in the past few months. This is the result of frequent movements in its price, including a 4% gain today. One thing to keep in mind is that FAMI stock can be highly volatile. At just over $0.30 per share, it’s likely to see Farmmi’s stock move frequently during any given trading day.
[Read More] Top Penny Stocks to Watch as the Market Turns Bullish Today
If you’re not familiar, Farmmi is a producer and distributor of edible fungi products. This includes Shiitake mushrooms, Mu Er mushrooms, and other agricultural products. It sells these through both traditional methods and via its e-commerce store. On November 11th, the company announced that it would be showing off its products at the FHC Shanghai Global Food Trade Show.
“We couldn’t be happier to see a return to large, in-person trade shows. These major events are a big part of our sales growth strategy, as we can efficiently get in front of both new and existing customers to build upon our relationships and discuss areas of expansion. We are particularly pleased because this year’s theme is Shaping the Future of Food.”
The CEO of FAMI, Ms. Yefang Zhang
Events like these are great for businesses like Farmmi as they allow it the chance to show off its food offerings. While it’s difficult to say what the long-term effects of this will be, in the meantime, it should help to boost FAMI’s popularity. With that in mind, does FAMI stock deserve a spot on your list of penny stocks to watch ?
Sino-Global Shipping America Ltd. (NASDAQ: SINO)
Shares of Sino-Global started reclaiming some of what they lost over the last few weeks. There weren’t any apparent headlines to speak of, however, SINO stock was able to go on a 7% rally into the close on November 12. This may have partially been due to the jump in the price of Bitcoin. During the first half of Friday’s session. BTC prices slipped to lows of $62,385 as markets jostled. However, heading into the final hours of the session, BTC broke back above $64,000 taking related stocks with it.
You might be asking what a shipping company has to do with Bitcoin. If you haven’t read our last updates on SINO stock, let’s get you up to speed. This year the company took on a new initiative to benefit from the cryptocurrency ecosystem. Sino has focused on speeding up growth in its digital currency mining efforts.
Late last quarter, the company restructured a mining server purchase agreement for 2,783 servers with Hebei Yanghuai Technology Co., Ltd. Yanghuai agreed to transport digital currency mining servers representing half of the agreed 50,440 t/s in computing power (a total of 25,220 t/s in computing power), to Sino-Global’s office in Ningbo, China.
In light of this initiative, Sino appointed a new Chief Technology Officer this week. CEO Yang “Leo” Jie explained, “Mr. Qiu has certain unique insights and experience in the investment projects of the metaverse and cryptocurrency markets. We believe that as the CTO, he can play an integral role with our executive team to create even better development prospects for the Company in these high-impact areas.”
With a broader focus on metaverse stocks and cryptocurrency-related companies, SINO stock could be one to watch heading into the rest of the year.
Are Trending Penny Stocks Worth Buying in 2021?
Trending penny stocks can be a great way to make money in the stock market in 2021. But, investors should always be sure to have as much research on hand as possible. This means looking at balance sheets, rumors, press releases, and everything in between.
[Read More] Best Penny Stocks to Buy Now? 3 You Need to Know in November 2021
The best investors always tend to be the ones that are the most informed. And as a result, information will always be your best friend. With that in mind, do you think that trending penny stocks are worth buying in 2021?