Greatest Penny Shares Beneath $1 To Watch After CEI Inventory’s 1,280% Transfer

Penny shares are well-known for his or her excessive danger, however what concerning the potential rewards? Until you have been residing below a rock this yr, you have seen how massive these “little guys” can run. What started with AMC Leisure’s (NYSE:AMC) huge short-squeeze has given rise to a slew of further quick squeeze penny shares to observe.

Heading into the tip of September, there is a new development rising. It has rather a lot to do with the precise costs of those shares. Now, a primary definition of penny shares refers to equities buying and selling beneath $5 per share. However this new development focuses on the most affordable penny shares to observe. I am speaking about shares below $1. Actually, for pennies a share, you possibly can take possession in rising firms.

The bellwether for these sub $1 shares proper now’s Camber Power (NYSE:CEI). We have mentioned this power firm and carbon seize inventory in-depth since August when it was solely buying and selling at $0.35 (See: Scorching Robinhood Penny Shares For Your Watchlist Proper Now). Since then, the CEI inventory worth has exploded to highs of greater than $4.70 this week (to this point). That is proper, in somewhat over a month, CEI inventory has jumped practically 1,300% on considerably larger day by day common buying and selling volumes.

Inherently, strikes like this have introduced sympathy buying and selling to the desk. Different small-cap power shares have skilled intermittent spikes in buying and selling exercise. However the resounding development that has stemmed from this transfer in CEI inventory stays “penny shares below $1”. With that in thoughts, we’re 5 extra shares the match these standards and have additionally been gaining momentum within the inventory market this week.

Penny Shares Beneath $1 To Watch Proper Now

  1. Alpha Esports Tech (OTC:APETF)(CSE:ALPA)
  2. Excessive Wire Networks (OTC:SGSI)
  3. Molecular Information Inc. (NASDAQ:MKD)
  4. China Evergrande Group (OTC:EGRNF)
  5. United States Antimony Corp. (NYSE:UAMY)

1. Alpha Esports Tech (OTC:APETF)(CSE:ALPA)

Esports is shortly turning into one of many hottest niches within the tech and leisure area at this time. A mixture of interactivity, pleasure, prizes, and digital entry are just some of the myriad scorching buttons serving to increase curiosity on this rising trade. Supported by the pandemic’s stay-at-home orders, firms inside this enviornment (no pun meant) bought a leg up, and that leg up has become a hyper-growth section. This tidal wave of momentum has helped given a lift within the public markets as properly.

Alpha Esports is among the latest firms to go public this yr, centered on a multi-pronged strategy to driving income from this. The cornerstone of its progress is explicitly centered on constructing an enormous userbase. Consistent with that, in keeping with Alpha, it has already partnered & labored with HUGE names in sports activities, leisure, and training, together with Barstool Sports activities, ESPN Radio, Satan Little one, Oxygen Esports, Notre Dame, Syracuse College, Penn State, College of British Columbia, College of Rochester, and Western Michigan College, amongst others.

Learn extra: 5 Penny Shares To Watch Beneath $1 After CEI Inventory’s 900% Rally

Just some weeks in the past, Alpha added to this roster in a deal to grow to be the Official On-line Gaming Portal of Nets Gaming Crew, the NBA 2K League affiliate of the Brooklyn Nets, offering Alpha the chance to instantly join with NetsGC’s community of followers and the NBA 2K League group.

What To Watch With APETF/ALPA Inventory

After all, this deal with progress has a objective. That objective is to drive consciousness and use of Alpha’s platforms. These embrace its GamerzArena, GamerzArena+, GamerzArcade, and GamerzYouth have all been designed to increase the corporate’s attain throughout all ability ranges and age teams.

With over 100,000 customers, 4,000+ days of stream time, 5 million+ spectators & representations of 96 international locations, in keeping with Alpha, the corporate has gained floor. With the esports development starting to advance, Alpha has grow to be one of many penny shares below $1 to observe proper now.

Learn Extra On Alpha Esports

2. Excessive Wire Networks (OTC:SGSI)

best penny stocks under $1 to watch right now High Wire Networks SGSI stock

One other one of many small-cap tech shares to observe is Excessive Wire Networks. The OTC-listed firm has turned heads over the previous few weeks because of important developments and new initiatives that we’ll talk about on this part.

Excessive Wire develops communications networks together with wi-fi, cabling, infrastructure, and electrical methods. Additionally they present safety companies aimed toward handle at this time’s rising want for brand spanking new cybersecurity choices. It is essential to notice that Excessive Wire solely not too long ago went public by means of a merger with Spectrum World Options (one other communications community supplier).

Excessive Wire gave the general public a glimpse into its books in an replace on present enterprise actions this month. Specifically, Excessive Wire’s Overwatch Managed Safety division reported a 22% enhance in month-to-month recurring income and a 41% increase in whole contract worth month over month from June to July 2021. On a year-over-year foundation, this service’s progress in new managed service supplier companion acquisitions jumped 418% and is up 69% because the starting of 2021. Why is that this essential?

What To Watch With SGSI Inventory

The hook that brings all of this stuff into perspective got here earlier this week. Excessive Wire introduced the hiring of a brand new EVP of finance. Whereas this might sound mundane, the explanation behind it is not. The corporate did this to hurry up its uplisting to the NASDAQ trade.

“Discovering a confirmed finance chief to hitch us has been a high precedence to strengthen our govt workforce with the competencies to develop shortly,” stated Chief Monetary Officer Dan Sullivan. “Chris’s broad expertise is an ideal match to help continued progress as we set our expectations of uplisting to a nationwide trade.”

With a proposed uplist to keep watch over, some have put SGSI inventory on their watch checklist.

Learn Extra On Excessive Wire Networks

3. Molecular Information Inc. (NASDAQ:MKD)

best penny stocks under $1 to watch right now Molecular Data Inc. MKD stock

Shares of Molecular Information have seen an uptick in buying and selling exercise this week. After hitting new 2021 lows of $0.2714 on Monday, MKD inventory has been on the rebound. Highs have already surpassed $0.31 on Wednesday, a 14% leap. The preliminary drop was triggered by a latest financing spherical executed at a reduction to the market on the time.

Nonetheless, now that the spherical was closed, Molecular Information has recent capital in hand. Based on the corporate, it plans to make use of these funds for working capital. One of many latest initiatives that it has centered on is its logistics tech platform for China’s chemical trade. It goals to attach contributors within the provide chain to assist join completely different prospects with e-commerce options, monetary options, and even warehousing.

Learn extra: Greatest Penny Shares to Purchase For The Meme Inventory Rally? 3 to Watch

However there’s one thing else to remember with MKD inventory, and it has every little thing to do with the cryptocurrency ecosystem, particularly blockchain.

What To Watch With MKD Inventory

Earlier this quarter, the corporate introduced a partnership with Wanxiang Blockchain. The main focus is digitizing the chemical trade as an entire. Addressing issues like provide chain bottlenecks, enhanced eCommerce, and the like, The 2 plan to determine a digital platform construct on the blockchain.

Moreover, earlier this month, inked a partnership with an funding agency to determine blockchain knowledge facilities. The corporate’s press launch was obscure and did not say which US funding agency. Nor have been there every other particulars revealed apart from “The partnership will handle bottlenecks within the Chemical area and set up commercial-scale Blockchain knowledge centres in America.”

With the hype surrounding blockchain expertise and issues like Bitcoin, this newest initiative could possibly be one of many issues to remember in case you’re watching MKD inventory proper now.

Learn Extra On Molecular Information

4. China Evergrande Group (OTC:EGRNF)

best penny stocks under $1 to watch right now China Evergrande Group EGRNF stock

This can be a firm that’s now notorious throughout world markets. China Evergrande is among the largest actual property firms in China. Nonetheless, the Chinese language property developer was an important catalyst within the newest inventory market promoting stress this month. It got here to mild that it had two trillion yuan ($310 billion) in liabilities on its desk proper now. One factor that analysts are proper now’s if or how the Chinese language authorities will intervene on this course of. Is China Evergrande going to finish up the identical because the Lehman Brothers disaster throughout the monetary disaster?

Up to now, that could be a growing story. Nonetheless, new initiatives are being made by the corporate, which has helped increase bullish sentiment within the inventory market at this time. Evergrande introduced plans to promote its $1.5 billion stakes in Shengjing Financial institution. The inventory rallied 15% in pre-market buying and selling and has continued larger since. Markets are additionally intently monitoring the corporate to see if it could possibly meet its $47.5 million curiosity fee due.

What To Watch With EGRNF Inventory

Wanting forward, the debt funds have grow to be a sticking level for the corporate. It missed a fee of over $80 million that was due final week. However with new cash in toe from this latest sell-off of property, may that lend a serving to hand within the close to time period?

For the reason that firm has 30 days to pay the primary missed fee, all is not misplaced simply but. Some are cautious, however bullish hypothesis has seen EGRNF inventory leap over 30% on September twenty ninth.

Learn Extra On Chian Evergrande

5. United States Antimony Corp. (NYSE:UAMY)

best penny stocks under $1 to watch right now United States Antimony UAMY stock

Lastly, United States Antimony stays one of many penny shares below $1 to observe proper now. How lengthy that might be is up within the air as UAMY inventory pushed the higher limits throughout the afternoon session on Wednesday.

One of many scorching subjects of dialogue this yr and in 2020 has centered round various power, inexperienced energy, and renewables. This consists of issues like battery energy over fossil fuels, electrical autos, and the like. US Antimony mines treasured metals in addition to antimony. This uncooked materials has completely different makes use of, however one in all them is in batteries.

Learn extra: 5 Quick Squeeze Penny Shares To Purchase For Beneath $5 Proper Now

Nonetheless, with no main supply of antimony in the US, this presents an fascinating alternative. Proper now, Russia, Tajikistan, and China management the vast majority of the world’s antimony. US Antimony has pushed for brand spanking new agreements with firms like Perpetua Assets and is actively pursuing further JV companions to increase its footprint to attain a number one function in North American antimony provide.

What To Watch With UAMY Inventory

Earlier this yr, US Antimony introduced that, with Perpetua, they’d research the feasibility of processing Perpetua Assets’ antimony concentrates at services owned by US Antimony. In response, Laurel Sayer, CEO of Perpetua Assets, defined, “America has the brainpower, spirit of innovation, and work ethic to proceed to resolve a few of the world’s hardest issues. Nonetheless, we lack the minerals and supplies we have to carry these options to life.”

Due to rising Antimony costs, UAMY could possibly be one of many penny shares below $1 to observe proper now.

Learn Extra On US Antimony

Are Penny Shares Value It?

Studying learn how to purchase penny shares is thrilling. There aren’t many locations the place $100 turns into $1,000 in lower than a decade. Nonetheless, as we have seen with CEI inventory and loads of others, the sought-after “10x commerce” has grow to be extra frequent. Does this imply all penny shares reply like this? No, however even a 20% achieve, which is kind of frequent, penny shares can simply outperform the inventory market so long as you perceive learn how to commerce accurately.

best penny stocks to watch under $1 today

Pursuant to an settlement between Midam Ventures LLC and Alpha Tech INC Midam has been paid $300,000 for a interval from February 12, 2021, to April 2, 2021. We could purchase or promote further shares of Alpha Tech INC within the open market at any time, together with earlier than, throughout, or after the Web site and Data, to supply public dissemination of favorable Details about Alpha Tech INC. Now prolonged from 6/30/2021 to October 29, 2021 & no further compensation of any form has been acquired by MIDAM. Click on Right here For Full Disclaimer.

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