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Here’s 3 Penny Stocks You Need to Know Right Now

Check these penny stocks out for your list
The post Here’s 3 Penny Stocks You Need to Know Right Now appeared first on Penny Stocks to Buy, Picks, News…

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3 Penny Stocks to Watch in Mid-November 2021 

As we come to the second half of trading penny stocks in November, the market continues to heat up. While buying and selling penny stocks in 2021 is not easy, there are plenty of ways to make money doing so. As a result of the overwhelming number of factors impacting the stock market, investors can take advantage of movement of all types. 

[Read More] Are These Penny Stocks Worth Being Bullish On? 3 to Watch

But, traders need to have a thorough understanding of what is going on in the stock market and how to use it to their advantage. While the pandemic is dwindling in severity, the after-effects such as inflation, continue to play a big role in the market. So, thinking outside of the box on how to use this as an opportunity, can be a great strategy. Considering all of that, let’s take a look at three penny stocks to watch. 

3 Penny Stocks For Your November Watchlist 

  1. Romeo Power Inc. (NYSE: RMO
  2. Digital Brands Group Inc. (NASDAQ: DBGI)
  3. GoHealth Inc. (NASDAQ: GOCO)

Romeo Power Inc. (NYSE: RMO)

Romeo Power Inc. is a penny stock that has seen some sizable bullish momentum in the past few trading days. This company engages in the sale of lithium-ion batteries in North America. These lithium-ion batteries are used for commercial electric vehicles. Romeo is involved in the design and manufacturing of the battery modules and packs for these vehicles.

On October 4th, Romeo announced that it has signed a lease for a 215,000 square foot facility located in Southern California. Out of the total 215,000 square feet, 191,000 square feet of it is dedicated to industrial space. This will double the critical laboratory and testing capacity for the company. Romeo expects this transition to take 6-9 months. It will be interesting to see what comes from this new location in the future.

“The development of this new facility is an important milestone for Romeo Power and provides a critical foundation as we continue to further enhance our industry-leading technology and scale to meet the growing needs of our customers for our products”.

The President and CEO of Romeo Power, Susan Brennan

Right now, there is a large amount of emphasis on EV penny stocks and the future of electric vehicles at large. Because of this, companies like Romeo Power are seeing heightened attention. Whether this makes RMO stock worth adding to your list of penny stocks to watch or not is up to you. 

Digital Brands Group Inc. (NASDAQ: DBGI)

Shares of Digital Brands Group continued trading higher toward the middle of the week this week. While no apparent headlines were immediately to point at, momentum in the crypto market could have become a catalyst. At the center of its business model, Digital Brands specializes in online branding and product sales. If it seems familiar, that’s because it has been a company we’ve followed for weeks. Everything from e-commerce trends to short squeeze stocks has put this name on plenty of lists of penny stocks to watch.

As far as a crypto catalyst, earlier this month Digital Brands had news that folds the company into the red hot “bitcoin” niche right now. The company announced that it will accept cryptocurrencies as a form of payment across all of its brands. Since it leverages the Shopify (NYSE: SHOP) platform and Shopify accepts crypto as payment, the company is able to extend this option to its own end users.

[Read More] Best Reddit Penny Stocks to Buy Now? 4 to Watch in Mid-November

With Bitcoin reaching fresh, all-time highs this month, crypto stocks have been on the radar. In addition to this latest milestone, Digital Brands also recently launched its DSTLD brand on Amazon Prime. This news further supports the company’s goal of rapid eCommerce expansion across multiple platforms. Hil Davis, Chief Executive Officer of Digital Brands Group, stated that “we are excited to finally move into our growth phase, and believe these programs will show the power of our platform and the growth opportunity for Q4 of 2021 and 2022.”

With these latest catalysts, DBGI stock could be on the watch list for some traders heading into the second half of the week this week.

Penny_Stocks_to_Watch_Digital Brands Group (DBGI Stock Chart)

GoHealth Inc. (NASDAQ: GOCO)

GoHealth Inc. is a healthcare services provider that has been making some big strides recently. On November 10th, shares of GOCO stock climbed by over 8.5% by EOD, which is no small feat. This company operates a platform that uses machine learning and insurance behavioral data to help people find a health insurance plan that is right for them. Some of its products involve Medicare Supplement, Medicare Special Needs Plans, and Medicare Advantage among others. These products are sold through independent and external agencies, as well as online platforms and carriers.

On November 9th, GoHealth reported its third-quarter results for 2021. During this period, GoHealth’s net revenue went up 30% year over year to a total of $211.7 million. Compared to 2020, its YTD net revenue increased by 42% to $612.8 million. The company’s third-quarter 2021 Medicare Advantage Approved Submissions increased 100% year over year. GoHealth also managed to significantly decrease its net loss.

“During the third quarter, we delivered revenue growth of 30%, while also exceeding our agent hiring goals in preparation for a successful Annual Enrollment Period. We are excited about our ability to grow our membership base during AEP and deliver the trusted healthcare advice seniors need to navigate the increasingly complex Medicare market.”

CEO and Co-Founder of GoHealth, Clint Jones

This is all exciting news and is a reflection of both GOCO’s work and the healthcare sector right now. While Covid has emphasized healthcare in the past year and a half, investors are hoping that it could create a lasting positive effect on the sector. Considering that, is GOCO stock worth watching?

Penny_Stocks_to_Watch_GoHealth_Inc

Are These Penny Stocks on Your Watchlist Right Now?

Finding the best penny stocks to buy right now is all about understanding what the market is doing. By keeping a close eye on all the latest news and updates, investors can deduce how certain events may impact the price of certain penny stocks either positively or negatively.

[Read More] 4 Top Penny Stocks To Watch Ahead Of Rivian (RIVN) IPO

With so much to think about in the stock market right now, there are also plenty of ways to make money with penny stocks. Considering this, are any of these penny stocks on your watchlist right now?

The post Here’s 3 Penny Stocks You Need to Know Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.



Author: J. Samuel

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I see you: Red Mountain Mining contacts heavy rare earth elements at Mt Mansbridge

Special Report: Red Mountain Mining’s 1,200m RC drilling program at the Mt Mansbridge project in WA is off to a … Read More
The post I see you: Red…

Red Mountain Mining’s 1,200m RC drilling program at the Mt Mansbridge project in WA is off to a good start, with heavy rare earth elements (HREE) discovered in four holes.

A shortened drill program due to the onset of the Kimberley wet season, hasn’t stopped the company cracking open xenotime (dysprosium) mineral within sample drill chips.

There’s also a pulse-raising 6m mineralized heavy rare earth zone (49-55m) intersected in hole MMRC002 at the Solo prospect and finally drilling has intersected altered peridotite at Déjà vu – prospective for cobalt mineralization.

Red Mountain Mining (ASX:RMX) is already prepped for drilling once the site is accessible again in early 2022.

Solo prospect samples prioritised for assay

The prospect is a +200m NW-SE trending zone of HREE mineralisation initially identified by BHP (ASX:BHP) during uranium exploration in the 1980’s.

Three RC holes for 451m were completed at the prospect during the drilling program, with a 6m zone (49-55m) of xenotime mineralisation identified.

Visual estimations of the xenotime mineralisation ranged from between 1-10% of the total composition of minerals over the 6m zone.

On-site analysis using a portable XRF confirmed the zone as anomalous in both yttrium and ysprosium, and the zone has been prioritized for assay at the laboratory for immediate analysis.

Red Mountain Mining
Rare earth element and nickel-copper-cobalt-PGE prospects at the Mt Mansbridge project

Déjà vu prospective for cobalt

Previous sporadic sampling and assaying at the Déjà vu prospect returned several encouraging cobalt assay results between 70-100m including 0.34%, 0.32% and 0.22% cobalt.

Litho-geochemical studies recently undertaken by geochemical and geological consultants highlighted the cobalt as primary magmatic related (i.e. not weathering enrichment) while the anomalous cobalt values can’t be down to just silicate minerals within the peridotite.

Hole MMRC004 has been drilled to a depth of 75m, with the hole designed to provide further geological information and a comprehensive set of samples around the existing cobalt anomaly.

Samples have been prioritized at the lab for immediate assay, with further deeper drilling and an additional hole to the north and south planned for early 2022.

 


 

 

This article was developed in collaboration with Red Mountain Mining Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post I see you: Red Mountain Mining contacts heavy rare earth elements at Mt Mansbridge appeared first on Stockhead.




Author: Special Report

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Mamba Exploration straps in for RC drilling at Black Hills and Calerup Creek Projects in WA

Special report: The Black Hills Project is 30km northeast of the Julimar PGE-nickel-copper-cobalt-gold deposit discovered by Chalice Mining (ASX:CHN)….

The Black Hills Project is 30km northeast of the Julimar PGE-nickel-copper-cobalt-gold deposit discovered by Chalice Mining (ASX:CHN).

Mamba Exploration is ready to move into reverse circulation (RC) drilling at the Black Hills and Calyerup Creek Projects in Western Australia after receiving final approval from the Department of Mines, Industry Regulation and Safety (DMIRS).

Two RC drill rigs have already been mobilised with drilling set to begin tomorrow, the company said.

Three deep RC holes are planned to provide the initial test of the high priority EM and magnetic anomaly, interpreted to extend for around 750m northeast to southwest and extend to a depth of around 400m.

Mamba (ASX:M24) says this anomaly is associated with a mapped mafic / ultramafic intrusive feature at the northern end of a +6km long PGE trend.

Pic: Location of Mamba’s Black Hills project

At the same time, approvals are in for the drilling of 50 holes on the Calyerup Creek Gold Project, located in the Great Southern of Western Australia.

These approvals have taken almost 10 weeks for DMIRS to process, which has slightly delayed the commencement of the drilling.

However, onsite preparations are well advanced and drilling is scheduled to begin on Friday, December 10th testing two 1,400m long soil anomalies which have not undergone any previous work since 1989.

M24 managing director Mike Dunbar said the initial drilling at both the Black Hills and the southern prospect within the Calyerup Creek Gold Project will be completed before the end of the year.

 


 

 

This article was developed in collaboration with Mamba Exploration, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Mamba Exploration straps in for RC drilling at Black Hills and Calerup Creek Projects in WA appeared first on Stockhead.


Author: Special Report

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Trending Penny Stocks to Watch As the Market Regains Confidence

Check these three penny stocks out for your watchlist
The post Trending Penny Stocks to Watch As the Market Regains Confidence appeared first on Penny…

Are These Penny Stocks on Your Watchlist Right Now?

After a bullish and relatively stable day of trading penny stocks and blue chips, investors are eager about what the future could hold. Now, in the past few months, penny stocks and the entirety of the stock market have been highly volatile. While this is traditionally characteristic of penny stocks, it is not usually the extreme that we’ve witnessed recently. With the Omicron variant and high inflation rates, investors are showing high levels of uncertainty about the short-term future. 

[Read More] Hot Metaverse Penny Stocks To Add To Your List In December 2021

And while this may seem scary to some, to others, it presents a way to make money with penny stocks. Because most traders tend to swing trade small caps, large price movements present a way to benefit in small increments of time. If a stock shoots up or down a few hours or a few days, investors can take advantage. But, this involves having a well-thought-out and consistent trading strategy. 

When it comes to trading any type of stocks, knowing your tolerance for risk and threshold for volatility, will go on a long way. And this is especially true when it comes to small caps. Lastly, understanding what the market is doing and what events are on the horizon, will benefit you greatly. Considering all of this, let’s take a look at three penny stocks to watch as the market regains confidence. 

3 Top Penny Stocks to Watch in December 2021

  1. DatChat Inc. (NASDAQ: DATS
  2. New Gold Inc. (NYSE: NGD
  3. Ideanomics Inc. (NASDAQ: IDEX

DatChat Inc. (NASDAQ: DATS) 

One of the bigger gainers of the day is DATS stock, pushing up by almost 5% at EOD. While no news came out on December 6th showing why DATS stock would push up, we can look at some older announcements to try and deduce a reason. At the end of November, the company announced the launch of a new rewards program known as Nirad Points Rewards Program or NRD. This will offer the first 1 million users 10,000 NRD. 

“We see this as a unique opportunity to vastly accelerate the growth of the DatChat platform by attracting new users that understand and appreciate the importance of blockchain and privacy technology. The Nirad will underpin our blockchain network and power our platform through the engagement of our community.” 

Darin Myman, the CEO of DatChat

If you’re not familiar with DatChat, it is a tech company working in the fields of blockchain, cybersecurity, and social media. It offers tech that enables its users to message privately, send encrypted photos, and so on. Right now, there is a large amount of bullishness surrounding the tech industry. And because of this, DATS is seeing heightened attention. Whether this makes DATS stock worth adding to your list of penny stocks to watch or not is up to you. 

New Gold Inc. (NYSE: NGD)

New Gold Inc. is a mining penny stock that climbed by a solid 8%, which is quite substantial for a mining stock. While NGD’s main focus is on mining gold, it also searches for silver and gold at its deposits. Its primary properties are the New Afton and Rainy River Mines in Canada. In addition, the corporation owns and runs the Cerro San Pedro mine in Mexico. This penny stock frequently fluctuates in response to current gold prices. However, because New Gold also mines for silver and copper, the prices of those metals have an impact on the company as well.

[Read More] 5 Penny Stocks To Buy In December According To Insiders

On November 19th, the company provided an update on the impact of heavy rains in British Columbia at the New Afton Mine. These heavy rains have created flooding and mudslides in the region. As a result, transportation routes to the New Afton mine have been disrupted. This flooding has had no impact on the infrastructure or operations of the New Afton mine.

The company stated that the negative impact on the mine will depend on the duration of the transportation disruption. Despite this small upset, New Gold is performing well at the moment. On December 6th, New Gold Inc. is up over 8% in total. It’s hard to deduce exactly why this occurred, however, it could be the result of the bullishness on gold right now. Considering this, will you add NGD stock to your penny stocks watchlist in December?

Penny_Stocks_to_Watch_New_Gold_Inc._(NGD_Stock_Chart)

Ideanomics Inc. (NASDAQ: IDEX)

Ideanomics Inc. is another decent gaining penny stock that increased by 3.68% on December 6th. If you’re not familiar, Ideanomics operates in two sectors: mobility and fintech. On one hand, the company promotes fleet operators to replace their current vehicles with electric vehicles. Ideanomics aids these firms at every stage of the process, including procurement, financing, charging, and energy management requirements for the adoption of these commercial electric vehicles. On the other hand, Ideanomics invests in budding fintech solutions, which has become a major focus in the past few months.

On November 23rd, the company released its third-quarter financial results for 2021. Ideanomics’ total revenue was $27 million during the quarter. Its revenue from its Mobility Unit was $11.5 million, up from $8.7 million the previous quarter. This is the third quarter in a row that the Mobility Unit has received growth. The company’s gross profit was $4.5 million compared to $0.7 million year over year.

“This quarter was highlighted by two very important strategic planned acquisitions of VIA Motors and Energica both scheduled to close in the first quarter. The integration of these two companies provides Ideanomics with full OEM capabilities across vehicle types, and positions Ideanomics as one of the only full-service, turnkey, offerings in the market today.”

Alf Poor, the CEO of Ideanomics

Noting this recent stock price increase and its financial results, will IDEX make your penny stock watchlist?

Penny_Stocks_to_Watch_Ideanomics_Inc

Which Penny Stocks Are on Your Buy List?

If you’re looking for the best penny stocks to buy, there are hundreds to choose from. But, because there is so much price movement in the stock market right now, knowing exactly where to look and which ones fit your investing style, will be a large asset to your trading.

[Read More]  3 Penny Stocks to Watch As Omicron Variant Fears Wane

Right now, investors need to consider factors such as the Omicron variant and inflation as a part of their trading strategies. With all of that understood, which penny stocks are on your buy list right now?

The post Trending Penny Stocks to Watch As the Market Regains Confidence appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.




Author: J. Phillip

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