With 2021 halfway done, penny stocks continue to fly high. Although there are hundreds of penny stocks to watch, only a handful have true intrinsic value. To understand which, it is important to make a watchlist and consider all of the factors that go into penny stocks rising in value.
Right now, certain impacting events include the new Delta variant of the Covid virus, fears of long-term inflation, and the volatility of the cryptocurrency market. While this is not a be all end all list, these factors represent important things for all investors to consider. With that in mind, let’s take a look at eight penny stocks for your watchlist in 2021.
5 Penny Stocks to Watch Right Now
- Sesen Bio Inc. (NASDAQ: SESN)
- Uranium Energy Corp. (NYSE: UEC)
- Gran Tierra Energy Inc. (NYSE: GTE)
- IAMGOLD Corp. (NYSE: IAG)
- Meten EdtechX Education Group Ltd. (NASDAQ: METX)
Sesen Bio Inc. (NASDAQ: SESN)
Sesen Bio Inc. is a biotech penny stock that creates fusion protein therapeutics for the treatment of cancer patients. The company is involved in the designing, engineering, developing, and commercialization processes of these therapeutics. Its lead product candidate is Vicinium which is a targeted fusion protein in Phase III clinical trials to treat BCG-unresponsive non-muscle invasive bladder cancer. So what is causing SESN stock to increase in the market right now?
The latest update from Sesen Bio came from June 2nd. This is when the company announced a global supply partnership with Qilu Pharmaceutical. This is in relation to the supply of Vicineum, in which Qilu will take part in manufacturing.
“Given the chronic product shortage issues that exist for patients with NMIBC, we have thoughtfully developed what we believe to be a very reliable and robust supply chain with world-class manufacturing partners.
Qilu Pharmaceutical has extensive biomanufacturing expertise and experience supplying products for commercial sale around the world, which positions them well to support the anticipated significant global demand for Vicineum.” - Dr. Thomas Cannell, the CEO and President of Sesen Bio
This announcement was made at the start of June. Now SESN stock has increased from $3.41 per share to $4.69 per share as of June 30th. Will SESN make your list of penny stocks to watch this week?
Uranium Energy Corp. (NYSE: UEC)
Uranium Energy Corp. is a mining penny stock that explores, extracts, and processes uranium and titanium concentrate. It operates out of the United States, Canada, and Paraguay. Currently, Uranium Energy Corp. has an interest in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects. Uranium has grown in value throughout the year, with its fair share of spikes and dips.
A lot of this penny stock’s momentum started with a May 20th announcement. The company stated that it acquired an additional 200,000 pounds of U.S. warehoused uranium. It also acquired an additional 1,000,000 common shares of Uranium Royalty Corp. (NASDAQ: UROY), thus increasing its physical and equity uranium holdings.
On June 23rd the company was announced to be a leader in ISR uranium mining. While there is no other recent company-specific news, UEC stock has been increasing in value. On June 30th, this penny stock went up by more than 5% in the market. So will UEC make it on to your list of mining penny stocks to watch in July?
Gran Tierra Energy Inc. (NYSE: GTE)
Gran Tierra Energy Inc. is an oil and gas penny stock that is based in Canada. The company explores for and produces oil and gas at properties in Colombia and Ecuador. As of December 31st, 2020 the company had total proven undeveloped reserves of 26.2 million barrels of oil equivalent. It’s worth noting that Gran Tierra Energy has not released any recent company-specific news explaining its recent market gains.
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This company is likely experiencing market momentum because of inflation fears. Other high-performing oil and gas companies could be bringing more momentum to GTE stock as well. What we can do is take a look at its latest financial results to get an idea of where the company is at. Gran Tierra released its first-quarter results at the beginning of May. Its average production of 24,463 BOPD was a 12% quarter-over-quarter increase.
“During 2021, we have significantly increased Gran Tierra’s total production. Our ability to ramp up Gran Tierra’s production to the highest level in over a year clearly demonstrates our team’s success at optimizing our core oil fields under waterflood, while preserving and maximizing the long-term value of all of our assets.” -The President and CEO Gary Guidry
One month ago, GTE stock was at $0.67 per share on average. Now on June 30th, GTE stock is at $0.74 per share on average. Will GTE make your penny stock watchlist this month?
IAMGOLD Corporation (NYSE: IAG)
IAMGOLD Corporation is another mining penny stock showing high performance in the market right now. This company explores, develops, and operates gold mining properties. It owns an interest in the Rosebel mine, Essakane mine, Westwood mine, and more. It also has exploration and development properties such as the Boto gold project and the Pitangui project. All of these projects are located in North America, South America, and West Africa.
There is no recent news that is specifically impacting IAG stock at the moment. This is a company that is primarily impacted by the price of gold and other minerals themselves. So when gold increases in price, it is possible that IAG stock does as well.
Since IAMGOLD Corporation is a mining penny stock, it is more volatile than a traditional gold stock. IAG stock has not had the best year in the market, being near its lowest point of 2021 as of the end of June. With that being said, IAG stock is experiencing a decent gain on June 30th, up 1.5% in the market. Considering this, will you add IAG to your list of penny stocks to watch?
Meten EdtechX Education Group Ltd. (NASDAQ: METX)
Meten EdtechX Education Group Ltd. is an education-tech-based penny stock working primarily in China. The company offers English language and future skills training for Chinese students and professionals. Meten EdtechX offers adult and junior English language training (ELT) services under the Meten brand name. It also offers junior ELT services under the ABC brand name, and online ELT services under the Likeshuo brand name. The company actively has a network of 105 self-operated learning centers, as well as 13 franchised learning centers.
On June 25th it was announced that Meten EdtechX Education Group has maintained the number 2 in language training service sales during China’s 618 shopping festival on Tmall.com. From June 1st to June 20th, Likeshuo generated more than RMB 10 million in gross billings.
The company also just reported a 247.8% increase in its gross billing and 163.9% increase in student enrollment of its junior ELT business in May 2021. This is a major milestone and one that reflects positively on MetenEdtechX. With this in mind, will METX stock be on your watchlist this month?
3 More Penny Stocks to Watch Right Now
Vistagen Therapeutics Inc. (NASDAQ: VTGN)
McEwen Mining Inc. (NYSE: MUX)
Pieris Pharmaceuticals Inc. (NASDAQ: PIRS)
Which Penny Stocks Are On Your 2021 Watchlist?
Making a watchlist of the best penny stocks to buy in 2021 is challenging. With so much going on in the world, staying up to date with each and every event can be a difficult task.
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However, if investors pick a few select happenings, and use those to their advantage, it can be easy to make a watchlist of interesting penny stocks to watch. Considering this, which penny stocks are on your 2021 watchlist?