3 Penny Stocks for Your Watch List in October 2021
Trading penny stocks in 2021 can be difficult, but with the right tools it can be much easier than previously imagined. To understand how to trade penny stocks right now, investors must first have a thorough understanding of what is going on in the stock market.
While Covid has been the biggest impact on the market over the past year and a half, several other factors are at play right now. This includes inflation in the United States, gas shortages in parts of the world, and now, the return of memes stocks. So, given that there is so much going on in the stock market right now, there are plenty of ways to profit from it as well. One of the best ways to do this is to have a concrete trading strategy.
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This ensures that there will be no surprises when it comes to price action and that you will stay consistent with your portfolio goals. While there is no single strategy that will make it easy for you to make money from penny stocks, having a strategy in the first place can make it much more likely. Plus, using current market trends to your advantage will go a long way in achieving this goal. With all of that in mind, here are three penny stocks that might be worth watching in October 2021.
3 Penny Stocks For Your October 2021 Watch List
- McEwen Mining Inc. (NYSE: MUX)
- Camber Energy Inc. (NYSE: CEI)
- Jiuzi Holdings Inc. (NASDAQ: JZXN)
McEwen Mining Inc. (NYSE: MUX)
McEwen Mining Inc. is a mining stock that has been climbing over several recent trading sessions. This company explores in various mining properties located in North America and Argentina. The company mainly searches for gold, silver and copper deposits on its properties. McEwen is involved in the exploration, development, production and sale of these products. Some of its properties include the Gold Bar Mine, Black Fox Mine, and the El Gallo Project, among others.
In August, the company’s subsidiary, McEwen Copper Inc., closed a new private placement. This was the first tranche of the Series B private placement issuing 4 million common shares at $ 10 per share. The total gross proceeds of the private placement are $ 40 million. All of the shares issued were purchased by CEO Rob McEwen’s investment firm, Evanachan Limited.
Now McEwen Copper plans to continue listing on the stock exchange within one year of the offering closing. This proceeds will be used to advance the Los Azules project to a pre-feasibility study and for various other purposes. Given this information, will MUX make your list of penny stocks to watch?
Camber Energy Inc. (NYSE: CEI)
Camber Energy Inc. is a penny stock that has been on everyone’s mind for the past week or so. Over the past month, CEI shares have climbed around 460%, with more than 100% in the past five days. For those unfamiliar with it, this company focuses on the acquisition, development and sale of crude oil, natural gas and natural gas liquids. As of March 31, 2020, the company had total proven reserves estimated at 133,442 million barrels of oil equivalent.
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In August, the company’s majority-owned subsidiary, Viking Energy Group Inc., reported financial results for the quarter ended June 30, 2021. Viking’s second-quarter revenue has grown every year since 2019. This quarter hasn’t was no different, with Viking’s income. more than $ 1.1 million more than in 2020. During this quarter, Camber owned approximately 62% of the issued and outstanding common shares of the company. On July 29, 2021, Camber increased its stake in Viking to approximately 73%.
“We are pleased with Viking’s second quarter results and are very excited about the steps we have taken after the end of the second quarter to strengthen the organization, including the recent acquisition by Viking of a controlling stake in Simson. -Maxwell Ltd., a leader in power generation. and energy solutions company.
President and CEO of Camber and Viking, James Doris
If you look at the CEI stock last month, it has performed extremely well in the market. Just a month ago, the CEI share was averaging $ 0.50 per share. On September 29, the penny stock hit $ 3.90 per share and its volume is more than four times its average. With that in mind, will CEI be on your penny stock watch list in October?
Jiuzi Holdings Inc. (NASDAQ: JZXN)
Jiuzi Holdings Inc. is a penny-listed stock that has been trending in recent days. If you are new to Jiuzi Holdings, it is a company that sells electric vehicles and related parts in its retail stores. These Jiuzi retail stores are both company operated and franchised. As of July 15, 2021, the company had 31 franchise stores and one company-owned store.
On September 29, the company announced that it had recently signed a strategic cooperation agreement with Shaanxi Tongjia Auto Co. Ltd. Tongjia will deliver 2,000 new energy vehicles to JZXN, including its best-selling electric delivery vehicle, the Electrix OX II. These will be sold in Jiuzi retail stores throughout this year and next year. The two companies will use their resource sharing and respective benefits to create a clean, green, safe and efficient production chain.
“We are very happy to establish this strategic cooperation partnership with Tongjia in addition to the cooperation agreements made with Chongqing Ruichi Automobile Industry Co., Ltd. and Hemei Auto Holdings Co. Ltd., as announced in recent months. ”
The Director and Chairman of Jiuzi Holdings Inc., Mr. Shuibo Zhang
On the same day of the announcement, JZXN’s volume was more than seven times its average. Given this new information, will JZXN make it onto your list of penny stocks to watch?
What Penny Stocks are you looking at right now?
Finding the best penny stocks to buy is all about figuring out where to look. With so much momentum in the stock market, it can be difficult to make money with penny stocks in 2021.
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However, this momentum also means that there is a lot of movement to take advantage of. At the end of the day, it all depends on your trading strategy and how much work you are willing to put in. Given this, what penny stocks are you looking at right now?