Connect with us

Best Penny Stocks to Watch Today? 7 For Your List

Making a penny stocks watchlist right now? Check these 7 small-caps out
The post Best Penny Stocks to Watch Today? 7 For Your List appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Published

3 years ago

on

7 Penny Stocks That You Should Know About

As we move toward July, penny stocks are heating up. While the past two to three months have not been ideal with low volume and mostly sideways trading, many investors are excited about the future. Traders are looking forward to the end of the pandemic and the positive effect that it may have on the stock market and penny stocks in particular. But, in the meantime, now could be a great opportunity to find penny stocks to buy for relatively cheap prices. [Read More] Top 9 Penny Stocks With High Volume to Watch Right Now As always, doing your own research will put you at a greater chance of success than just blindly investing. And with so much going on in the market right now, information will continue to be your best friend. Additionally, having a trading strategy and sticking to it will help to avoid unwanted losses in your portfolio. So, considering that 2021 is unlike any year before it, here are seven penny stocks to watch right now.

7 Penny Stocks For Your Watchlist

  1. GEE Group Inc. (NYSE: JOB)
  2. IAMGOLD Corp. (NYSE: IAG)
  3. Yamana Gold Inc. (NYSE: AUY)
  4. Chico’s FAS Inc. (NYSE: CHS)
  5. ENGlobal Corp. (NASDAQ: ENG)
  6. U.S. Well Services Inc. (NASDAQ: USWS)
  7. Ring Energy Inc. (NYSE: REI)

1. GEE Group Inc. (NYSE: JOB)

Industrial penny stocks like GEE Group Inc. have been performing very well in the market lately. This company is focused on staffing and placement services and operates in the United States. GEE Group provides permanent and temporary professional, industrial, and physician assistant staffing as well as job placement services. The placement is used in the sectors of technology, accounting, finance, engineering, medical, and much more. The latest update from GEE Group Inc. comes from June 8th. CIT Group Inc. announced that its asset-based lending business served as the agent and sole lender on a loan and revolving credit facility for GEE Group.
“We appreciated CIT’s expertise in arranging this asset-based financing to support our working capital needs and help fund GEE Group’s growth strategy. This financing represents another milestone in our ongoing effort to build our business while ensuring our financial position and balance sheet remain on solid footing.” The Chairman and CEO of GEE Group, Derek Dewan
The company also announced its second-quarter results on May 17th. These reports were generally seen as positive as its revenue increased year over year. GEE stock shot up significantly only a day ago on June 21st. So with that in mind, will the company make your watchlist?

2. IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a mining penny stock that explores, develops, and operates various gold mining properties. Mining stocks have seen a large boost in popularity recently as precious metals and materials rise in price. IAMGOLD’s properties are located in The Americas and West Africa. It currently has an interest in the Rosebel mine, Essakane mine, Westwood mine, Diakha-Siribaya project, and many more assets as well. There is no company-specific news that is causing IAG stock to move upwards in the market. The reason for its rise in the market could be due to the price of gold itself. When gold moves up, IAG moves up, and vice versa. This is the result of its large correlation to precious metals. The company’s last update was on May 31st. IAMGOLD announced the filing of an early warning report in connection with Dundee Precious Metals’ proposed acquisition of INV metals. Now the company has agreed to vote all of its common shares of INV Metals in favor of the acquisition by way of plan of arrangement. The company recently reported positive first-quarter results as well. So will IAG make your penny stock watchlist this week?
Penny_Stocks_to_Watch_IAMGOLD_Corporation_(IAG_Stock_Chart)

3. Yamana Gold Inc. (NYSE: AUY)

Another high-performing mining stock today is Yamana Gold Inc. This company produces precious metals in various locations around the world. These locations include Canada, Chile, Argentina, and Brazil. The company explores for and produces gold and silver ores. Currently, Yamana has an interest in the Cerro Moro mine, Malartic mine, Minera Florida mine, Jacobina mine, and more. [Read More] Hot Penny Stocks to Buy Right Now? 7 For Your Watchlist On June 15th, Yamana Gold released its 2020 material issues report. It announced several different updates in this report. Yamana Gold stated, “Our rapid and comprehensive responses to protect our workers, host communities and business from COVID-19 and logistical support for the distribution of vaccines.” The company also recently provided an update for timing on a feasibility study and development decision for the Wasamac Project. There is not any other company-specific news that is driving the stock price of AUY upwards. Similar to IAMGOLD, AUY stock can move up or down when materials like gold and silver do the same. So noting all of the above information, is AUY a contender for your list of penny stocks to watch?
Penny_Stocks_to_Watch_Yamana_Gold_Inc._(AUY_Stock_Chart)

4. Chico’s FAS Inc. (NYSE: CHS)

Chico’s FAS Inc. is a penny stock that we have frequently mentioned due to its role in the retail industry. For those unfamiliar, Chico’s is a retail penny stock that focuses on clothing, intimates, and accessories. Its brands include Chico’s, White House Black Market, Soma, and TellTale. The company currently has 1302 stores and 68 international franchise locations. Its stores are located in the United States, Puerto Rico, the United States Virgin Islands, and Mexico. The latest update from the company came on June 8th. This is when the company reported its first-quarter results. It was here that the company announced first-quarter sales increased by a solid 38.4%. Its gross margin improved to 32.7% in the period as well. CHS stock price has been performing well amid these strong increases. The CEO and President of Chico’s Molly Langenstein said, “Our first-quarter results underscore the tremendous progress we are making in our turnaround strategy and the power of our three unique brands and being a digital-first, customer-led company. The strong first-quarter performance across all three brands was fueled by our significant improvements in product and marketing, which drove full-price selling.” Considering this, will CHS stock make your watchlist this week?
Penny_Stocks_to_Watch_Chicos_FAS_Inc._(CHS_Stock_Chart)

5. ENGlobal Corporation (NASDAQ: ENG)

ENGlobal Corporation is a penny stock that has been moving upward substantially in several recent trading sessions. Industrial companies, in general, have seen a boost amid lowering COVID-19 restrictions. So what does ENGlobal do that is causing its stock price to increase? Let’s first look at the company’s services to get you up to speed. This company provides engineering and automation services to the energy sector. Its EPCM business provides multi-disciplined engineering services to projects requiring professional engineering and project management. Its automation business provides design, integration, and implementation of process distributed control and analyzer systems, as well as systems for the energy sector. On June 17th it was announced the ENGlobal has been selected to join the Russell Microcap Index. Chief Executive Mark Hess said, “We believe this addition validates the stability of our business and our future business prospects and will be an added opportunity for us to heighten investor awareness as we work to build shareholder value.” Since the announcement was made, ENG stock has gone from about $2.60 per share on average to $3.16 per share on average. The company’s volume is astronomically higher than its normal average as seen on June 21st. These are all things to note if you plan on adding ENG to your list of penny stocks to watch this month.
Penny_Stocks_to_Watch_ENGlobal_Corporation_(ENG_Stock_Chart)

6. U.S. Well Services Inc. (NASDAQ: USWS)

Energy penny stocks like U.S. Well Services Inc. have been performing well in the market in 2021. U.S. Well Services is an oilfield service company that is based in the United States. The company provides hydraulic fracturing services to oil and natural gas exploration and production operations. [Read More] What Are Penny Stocks And Should You Invest in Them? USWS’s latest announcement was in May when the company announced the full electrification of its portfolio. It has entered a definitive agreement to sell certain diesel-powered hydraulic fracturing equipment for $21 million in net proceeds. This is an interesting development and puts it at the forefront of the ESG market. While it isn’t necessarily a pure-play ESG penny stock, this is an interesting development to consider.
“U.S. Well Services has believed in the superiority of electric technology since our first Clean Fleet® was deployed in 2014. Today, we are beginning to realize our vision of going all-electric, reducing a significant amount of our outstanding debt and streamlining our focus to become the new market leader in our industry.” The President and CEO of U.S. Well Services Joel Broussard
So with this recent announcement and an 11% uptick with USWS stock, will you add it to your watchlist?
Penny_Stocks_to_Watch_U_S_Well_Services_Inc_USWS_Stock_Chart

7. Ring Energy Inc. (NYSE: REI)

Ring Energy Inc. is an exploration and production penny stock in the energy sector. As of the 31st of December 2020, it has proved reserves of about 76.5 million barrels of oil equivalent. It also has an interest in 18,712 net developed acres and 6,650 acres net undeveloped acres. It has a variety of other land as well. Additionally, it sells its oil and natural gas products to marketers, end-users, and other purchasers. On June 16th the company provided an update on its Northwest Shelf Phase II development program.
“The continued successful results from our development program are very encouraging and reinforce our confidence in the strong inventory of drilling locations on our NWS acreage. In addition to the strong production results, all seven wells in our Phase I and Phase II programs were drilled and completed on schedule and within budget. With the recent positive outcome of our spring 2021 bank redetermination, the increased flexibility afforded by our pivot to a more opportunistic hedging strategy, and a sustained higher oil price environment, we are actively developing plans for our Phase III drilling program that could commence as early as the third quarter 2021.” The Chairman and CEO Mr. Paul D. McKinney
REI stock has gone up nearly 9% as of June 21st. Its recent updates and the sector could be the reason behind its stock price surging in several recent trading sessions. Considering this, will you be adding REI stock to your list of penny stocks to watch?

Which Penny Stocks Are You Watching Right Now?

With so much going on in the world, there is plenty of action to take advantage of with penny stocks. While it can be difficult to keep up with all the happenings in the stock market, using research and information as a guide will always be a benefit. [Read More] Best Penny Stocks on Reddit to Buy? Check These 4 Out in June As we move into the second half of 2021, penny stocks continue to look like they are heating up. With all of this in mind, which penny stocks are you watching right now? The post Best Penny Stocks to Watch Today? 7 For Your List appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Read More

Related Topics:
Continue Reading

Government

Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

Published

4 hours ago

on

March 9, 2024

By

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

“When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

“It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

Read More

Continue Reading

Uncategorized

February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

Published

5 hours ago

on

March 9, 2024

By

By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

Read More

Continue Reading

Spread & Containment

Another beloved brewery files Chapter 11 bankruptcy

The beer industry has been devastated by covid, changing tastes, and maybe fallout from the Bud Light scandal.

Published

5 hours ago

on

March 9, 2024

By

Before the covid pandemic, craft beer was having a moment. Most cities had multiple breweries and taprooms with some having so many that people put together the brewery version of a pub crawl.

It was a period where beer snobbery ruled the day and it was not uncommon to hear bar patrons discuss the makeup of the beer the beer they were drinking. This boom period always seemed destined for failure, or at least a retraction as many markets seemed to have more craft breweries than they could support.

Related: Fast-food chain closes more stores after Chapter 11 bankruptcy

The pandemic, however, hastened that downfall. Many of these local and regional craft breweries counted on in-person sales to drive their business. 

And while many had local and regional distribution, selling through a third party comes with much lower margins. Direct sales drove their business and the pandemic forced many breweries to shut down their taprooms during the period where social distancing rules were in effect.

During those months the breweries still had rent and employees to pay while little money was coming in. That led to a number of popular beermakers including San Francisco's nationally-known Anchor Brewing as well as many regional favorites including Chicago’s Metropolitan Brewing, New Jersey’s Flying Fish, Denver’s Joyride Brewing, Tampa’s Zydeco Brew Werks, and Cleveland’s Terrestrial Brewing filing bankruptcy.

Some of these brands hope to survive, but others, including Anchor Brewing, fell into Chapter 7 liquidation. Now, another domino has fallen as a popular regional brewery has filed for Chapter 11 bankruptcy protection.

Overall beer sales have fallen.

Image source: Shutterstock

Covid is not the only reason for brewery bankruptcies

While covid deserves some of the blame for brewery failures, it's not the only reason why so many have filed for bankruptcy protection. Overall beer sales have fallen driven by younger people embracing non-alcoholic cocktails, and the rise in popularity of non-beer alcoholic offerings,

Beer sales have fallen to their lowest levels since 1999 and some industry analysts

"Sales declined by more than 5% in the first nine months of the year, dragged down not only by the backlash and boycotts against Anheuser-Busch-owned Bud Light but the changing habits of younger drinkers," according to data from Beer Marketer’s Insights published by the New York Post.

Bud Light parent Anheuser Busch InBev (BUD) faced massive boycotts after it partnered with transgender social media influencer Dylan Mulvaney. It was a very small partnership but it led to a right-wing backlash spurred on by Kid Rock, who posted a video on social media where he chastised the company before shooting up cases of Bud Light with an automatic weapon.

Another brewery files Chapter 11 bankruptcy

Gizmo Brew Works, which does business under the name Roth Brewing Company LLC, filed for Chapter 11 bankruptcy protection on March 8. In its filing, the company checked the box that indicates that its debts are less than $7.5 million and it chooses to proceed under Subchapter V of Chapter 11. 

"Both small business and subchapter V cases are treated differently than a traditional chapter 11 case primarily due to accelerated deadlines and the speed with which the plan is confirmed," USCourts.gov explained. 

Roth Brewing/Gizmo Brew Works shared that it has 50-99 creditors and assets $100,000 and $500,000. The filing noted that the company does expect to have funds available for unsecured creditors. 

The popular brewery operates three taprooms and sells its beer to go at those locations.

"Join us at Gizmo Brew Works Craft Brewery and Taprooms located in Raleigh, Durham, and Chapel Hill, North Carolina. Find us for entertainment, live music, food trucks, beer specials, and most importantly, great-tasting craft beer by Gizmo Brew Works," the company shared on its website.

The company estimates that it has between $1 and $10 million in liabilities (a broad range as the bankruptcy form does not provide a space to be more specific).

Gizmo Brew Works/Roth Brewing did not share a reorganization or funding plan in its bankruptcy filing. An email request for comment sent through the company's contact page was not immediately returned.

 

Read More

Continue Reading

Trending