As June winds down, certain penny stocks are starting to rise. We have had days of big gains, and higher than normal volumes. Even though penny stocks change on a daily basis, there are a few things you can look out for. The easiest being to check out social media sites like Reddit and Twitter!
A year ago, social influence didn’t play a big deal in the stock market, but that has changed immensely. With access to hundreds of penny stocks on the internet, it is important for you to have a watchlist. Once you have this, you want to dive deeper and really get to understand each company and its inner workings. This will help you in the long run to decide which companies are the best to invest in.
According to Reddit, there are five top runners in regard to the best penny stocks as of today. These stocks are:
- Seanergy Maritime Holdings Corp.
(NASDAQ: SHIP)
- Camber Energy, Inc
(NYSE: CEI)
- Osmotica Pharmaceuticals PLC.
(NASDAQ: OSMT)
- Loukung Technology Corp.
(NASDAQ: LKCO)
- Auddia Inc
(NASDAQ: AUUD)
Now that you have seen the top five, let’s dig in:
- Seanergy Maritime Holdings Corp.
This bad boy just went up 8.5% in the market. It is known as an international shipping company with an impressive fleet of about 11 Capesize vessels. Its main focus being sea wide transportation is for large amounts of coal and iron ore. Its ships run worldwide. On June 10th Chairman and CEO Stamatis Tsantanis announced the addition of their 14th and 15th vessels as well as a new relationship with two additional charters. He also stated that 87% of their fleet was involved in long-term charters, which means stability.
- Camber Energy, Inc.
Based out of Texas, this company acquires, develops, and sells natural gas, natural gas liquids, and crude oil. In May, the President and CEO of Camber stated that regardless of the unfortunate conditions of 2020, they are doing extremely well and showed a profit of $10.4 million last quarter and have plans for the company’s continued growth.
- Osmotica Pharmaceuticals PLC.
Osmotica recently made an announcement that they had agreed to sell its portfolio of legacy products along with its Georgia manufacturing facility for a whopping $170 million. Its shares in return shot up by nearly 35% at $3.75 as a result. The company’s CEO, Brian Markinson stated that it runs right along with their strategy to build a portfolio of growth assets in ocular aesthetics. This is for sure a stock you will want to keep an eye on.
- Loukung Technology Corp.
Based out of China, Loukung provides location-based services and mobile applications. Their popular mobile app allows consumers access to ecommerce, entertainment, travel and so much more. In relation to autonomous vehicles, the company announced in June the addition of eMapGo’s HD map standards. Being the first in their industry to do so, their stock has gone from $0.68 to $2.60 per share. With such big gains, you will definitely want to keep this company on your watchlist.
- Auddia Inc.
In June, the company announced a huge breakthrough in artificial intelligence audio processing methodology. The main achievement of this is the reduction in the cost of radio transmission as well as an increase in the precision of audio broadcasting. This is a major step up for the radio industry and is why we will be keeping a close eye on this penny stock.
Remember, penny stocks change daily. Keep an eye on social media platforms to see which ones are drawing everyone’s attention and then research the company to see why. Best of luck!
