7 Reddit Penny Stocks To Watch Out For Over The Long Weekend
Are These Penny Stocks On Your July 4th Watch List?
Just days away from the holiday weekend, which penny stocks are on your watch list? Well, to answer that question, investors need to think about which penny stocks could benefit from the current economic situation we find ourselves in. In mid-2021, Covid continues to be the most present factor in the market shift. And that makes sense considering the effect it’s had over the past year and a half.
But now it looks like investors are confident in the market trajectory that has dragged a wide range of companies onto the penny stock list, pushing up in value. So despite the fears surrounding the Delta variant, many investors remain determined to find reopening penny stocks that could benefit from it.
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And with the long weekend ahead, now is the time to take an extra day to make a watchlist focused on the months ahead. Additionally, we need to consider the effects of Reddit on penny stocks. With social media driving commercial sentiment more than ever, penny stocks on Reddit are hugely popular. With all of this in mind, let’s take a look at seven Reddit penny stocks to watch out for after the long weekend.
7 Reddit Penny Stocks To Watch Right Now
- Eloxx Pharmaceuticals Inc. (NASDAQ: ELOX)
- Globus Maritime Ltd. (NASDAQ: GLBS)
- Remark Holdings Inc. (NASDAQ: MARK)
- RAVE Restaurant Group Inc. (NASDAQ: RAVE)
- Crescent Point Energy Corp. (NYSE: CPG)
Eloxx Pharmaceuticals Inc. (NASDAQ: ELOX)
Eloxx Pharmaceuticals Inc. is a biotechnology penny stock developing drug candidates that modulate ribonucleic acid. This is to treat rare and ultra-rare premature stop codon diseases. Its lead product candidate under study is ELX-02, which is currently in Phase 2 clinical trials focused on the treatment of cystic fibrosis and nephropathic cystinosis in patients with diagnosed nonsense mutations. In May, the company announced funding from the Cystic Fibrosis Foundation to develop ribosome modulatory agents.
“We are honored to receive this funding from the Cystic Fibrosis Foundation as part of our continued commitment to identify and develop new treatments for cystic fibrosis. Their support for new technologies enables critical research to advance and further assess the potential of the TURBO-ZM ™ synthetic chemistry platform to develop a new class of therapies.
ELOX President and CEO Sumit Aggarwal
ELOX stock has gone from $ 1.60 per share to $ 2 per share on average as of June 30. So, will this company be on your penny stocks to watch list this week?
Globus Maritime Limited (NASDAQ: GLBS)
Globus Maritime Limited is an industrial penny stock currently experiencing strong bullish sentiment. This business focuses on dry bulk transportation, sea shipping, etc. It currently owns, operates and manages a fleet of dry bulk vessels for the transport of iron ore, coal, grain, steel, cement and other dry bulk cargoes. As of June 15, 2021, the company owned and operated seven vessels capable of carrying a total of 463,765 deadweight tonnage. Its ships are chartered to shipping companies, operators, trading houses, etc.
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On June 25, the company announced the price of a registered direct offering of $ 50 million. The company will issue 10 million common shares at $ 5 per common share. The company also announced that it has secured a new charter job for its vessel M / V River Globe.
CEO and Chairman Athanasios Feidakis said, “We have secured short-term jobs as we continue to experience a strong market. We are focused on long-term value creation and plan to continue to benefit from a rising market. Will GLBS be on your penny stock watch list this month?
Remark Holdings Inc. (NASDAQ: MARK)
Remark Holdings Inc. is a tech penny stock that could potentially be on your watch list this month. This company focuses on the development and deployment of artificial intelligence-based solutions for businesses and software developers. These AI products are sold under the Remark AI brand in the United States and the KanKan brand in China. The company also owns and operates an e-commerce digital media property focused on a luxury beach lifestyle. On June 8, he announced that KanKan AI had installed a smart campus system in more than 200 elementary and secondary schools in China.
“In addition to the practicality of the product, KanKan AI’s Smart Campus system is customizable to meet the needs of each school in terms of campus size, number of students, and locations of buildings and entrances,” among other criteria.
Our product engineers provided follow-up throughout the installation process and the after-sales team trained school staff in the use of the products, while our operations team carried out continuous monitoring focused on maintenance to ensure data accuracy and provide customers with an exceptional experience.
Remark Holdings Chairman and CEO Kai-Shing Tao
Over the past month, MARK stock has increased significantly. A month ago, the MARK share price averaged $ 1.50 per share. As of June 30, MARK stock is now at $ 1.86 per share on average. This shows the positive performance of Remark thanks to its recent advancements. By noting this information, is MARK a candidate for your list of penny stocks to watch?
RAVE Restaurant Group Inc. (NASDAQ: RAVE)
RAVE Restaurant Group Inc. is a company that operates and franchises pizza, buffet, delivery and express restaurants. These restaurants are under the Pizza Inn brand in the United States. Its buffet restaurants are located in stand-alone buildings or shopping malls in commercial developments. As of June 28, 2020, the Company had 42 franchised Pie Five units, 176 franchised Pizza Inn restaurants and 13 licensed Pizza Inn Express kiosks.
On June 28, Pie Five Pizza announced a new Crispy Parmesan Stuffed Crust Pizza. Pie Five Director Adam Schmidt said, “We took on the challenge of elevating the stuffed crust to make it faster and more relaxed, starting with our premium ingredients and then adding a unique and flavorful taste texture. . The addition of baked Parmesan to the homemade crust brings a unique and irresistible crunch factor.
The company also recently launched pizza products that use Impossible Meat, providing pizza solutions for those who want vegetarian options. 5 days ago, this penny stock was averaging $ 1.40 per share. Now, on June 30, the RAVE share is at $ 1.48 per share, up 5.71% on the day. RAVE’s trading volume is also more than 4 times its current average. With all of that in mind, will RAVE make your penny stock watch list this month?
Crescent Point Energy Corp. (NYSE: CPG)
Crescent Point Energy Corp. is another successful oil and gas penny stock in the market. This company explores, develops and produces reserves of light and medium crude oil and natural gas. The Company’s properties and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia and Manitoba. It also owns properties and assets in North Dakota and Montana.
On June 22, Crescent Point Energy Corp. released its 2021 sustainability report. This included increasing its goal of reducing emissions intensity from 30% to 50% by 2025. The company also included a 70% reduction in absolute emissions of methane during this period.
“Our 2021 Sustainability Report highlights the progress we have made in improving the social impact, governance oversight and environmental stewardship of Crescent Point. By making progress in these key areas, we are able to achieve our goal of “Bringing Energy to Our World – The Right Way”. ”
Crescent Point President and CEO
This is the latest version from Crescent Point, and investors should take note. On June 30, the CPG stock jumped about 1.8%. Considering this, is CPG worth watching after the long weekend?
2 more Reddit Penny actions to watch out for
- Sonim Technologies Inc. (NASDAQ: SONM)
- Borr Drilling Ltd. (NYSE: BORR)
Are These Reddit Penny Stocks On Your Watchlist?
Finding the best penny stocks on Reddit comes down to understanding how the market moves. With so many different influences on penny stocks at the moment, it’s hard to say where the stock market might be heading in the months ahead.
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However, if all we are concerned about is the short term, there are plenty of penny stocks out there that show value. With all of that in mind, are those Reddit penny stocks on your watchlist?