3 High Volume Penny Stocks For Your Watch List Right Now
Looking for high volume buy penny stocks is a great strategy to use to stay ahead in the market. But, there are a few other factors to consider when looking for penny stocks for your listing. Before getting to the heart of the matter, let’s see why volume matters. For starters, volume is a great indication of how popular a stock is. Often times when the value of a penny stock or blue chip increases dramatically, we see a significant increase in volume. This is also the case when news is announced or a speculative event occurs.
If you are not familiar, volume is the number of shares traded on a given day. For this reason, it can be easy to use this metric as a way to find popular or trendy penny stocks. But remember that volume can also be high when traders are selling, indicating a downtrend. So, with massive speculation in the stock market right now, volume is a great indicator to use when building a watchlist for penny stocks.
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For example, today September 22, we see very high volume at noon with a few penny stocks. That includes Onconova Therapeutics Inc. (NASDAQ: ONTX), which was up more than 28% as of noon. In addition, its volume reached over 53 million as of 12:00 p.m. EST. Another example is Aethlon Medical Inc. (NASDAQ: AEMD), which climbed over 34% to volume of around 74 million at the same time. These two elements show how volume and momentum can be attributed to each other.
But on top of that, investors should also consider fundamentals, speculative events that occur, and any broader industry-wide trends that might affect it. As always, have a trading strategy on your side and use it to your advantage. But, if you consider all of this, it should be a lot easier to make money with penny stocks. With that in mind, here are three penny stocks with high volume to watch out for right now.
3 Penny Stocks To Watch With High Volume In September
- Castor Maritime Inc. (NASDAQ: CTRM)
- Meten Holding Group Ltd. (NASDAQ: METX)
- Senseonics Holdings Inc. (NYSE: SENS)
Castor Maritime Inc. (NASDAQ: CTRM)
Castor Maritime Inc. is a penny stock which is up right now, rising over 4% at noon. This brings his gain over one month to a very respectable 27% and over 60% for the last twelve months. If you are not familiar with CTRM, it is a transporter of various dry bulk cargoes by sea. Its dry bulk services include iron ore, coal, grains, steel products, cement, sugar and scrap. Currently, it operates three Panamax vessels capable of carrying approximately 76,122 deadweight tonnes.
On September 13, the company announced new charter deals that shot up its share price. The company announced that its bulk carrier M / V Magic Nebula has been chartered on a time charter contract at a gross daily charter rate of $ 31,750. The M / V Magic Moon and M / V Magic Nova have also been secured on new time charter contracts, both over $ 30,000.
Since the publication of this announcement, CTRM stock has risen significantly in the market. It should be noted that the shipping industry has received a major boost in the past year. With the resumption of construction and industrial projects as cases of Covid decline, the demand for dry bulk products is also increasing. And in turn, CTRM has seen its vessel rates increase during this time. Given all of this new information, will you be adding CTRM stock to your watchlist in 2021?
Meten Holding Group Ltd. (NASDAQ: METX)
Meten Holding Group Ltd. is a penny stock that we have discussed in depth several times over the past few months. You may remember the company as Meten EdtechX Education Group Ltd., but it changed its name last month. This is another Chinese educational company that has recently proven itself in the market. Meten offers English language training services, future vocational training and much more for Chinese students and those in various professions. It offers adult and junior ELT services under the Meten brand, and junior ELT services under the ABC brand.
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On September 7, the company closed a subscribed public offering of $ 60 million. This public offering of common shares and pre-funded warrants to purchase common shares included 22,500,000 of its common shares at $ 0.30 per share. In addition, there were 177,500,000 pre-funded warrants in this public offering. Aegis Capital Corp. was the sole accounting manager for the offer.
Since this announcement was made, Meten hasn’t had a ton of momentum in the market. However, it’s worth noting that the business has experienced multi-day spikes over the past few weeks. During the last trading days, METX’s volume has been well above its average. With all of this new information in mind, will METX make your penny stock watch list?
Senseonics Holdings Inc. (NYSE: SENS)
Senseonics Holdings Inc. is another penny stock that we talk about frequently due to its trending status and momentum over the past few months. Over the past year SENS shares have risen by 282% and over the past twelve months by an even higher rate of 836%. While gains like this aren’t unheard of with penny stocks, it’s important for investors to follow them.
In certain contexts, this company develops and markets continuous glucose monitoring systems for diabetic patients. Senseonics offers Eversense and Eversense XL products in its range. These are implantable CGM systems for measuring glucose levels with a subcutaneous sensor and a removable and rechargeable smart transmitter. Sensonics also offers an application for monitoring diabetes measurements in real time.
On September 13, the company announced a collaboration with the University Hospitals Accountable Care Organization (UHACO). This organization was created to improve the health and well-being of employees and dependents enrolled in a medical plan for employees of UH. UHACO has now started offering Eversense CGM systems to its Medicare registrants starting earlier this month.
“We are delighted to offer Eversense to our ACO diabetic patients. Providing tools for effective blood sugar management enables us to meet the standards of care for patients using insulin as defined by the American Diabetes Association.
The head of Endocrinology and Diabetes at UHACO, Betul Hatipoglu
It should be noted that SENS stock can be quite volatile as evidenced by its major gains during the time period mentioned above. However, the momentum that SENS has built over the past year is exciting to say the least. Given this new information, will SENS be on your list of penny stocks to watch right now?
Are Penny Stocks Worth Buying In September 2021?
While finding high volume penny stocks to buy can be a great strategy, it’s important to consider your own investment goals. It means understanding what your risk tolerance is and how to use it as an advantage.
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Considering that there is so much momentum in the stock market right now, there is a lot of movement to use in tandem with your trading strategy. So, with all of that in mind, do you think penny stocks are worth buying in September 2021?