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Uranium Miner Denison Mines Corp. (NYSE: DNN) Gets New Attention on Reddit

Making a list of small cap stocks on Reddit? Here’s three to take a look at

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This article was originally published by PennyStocks

3 Reddit Penny Stocks to Watch Right Now 

We discuss penny stocks mentioned on Reddit quite frequently. And, there are several good reasons for that. While the trend of finding penny stocks on Reddit is nothing new, it is still a phenomenon when we look at the past few years of trading. 

Beginning with the rise of GME stock, we then saw stocks like AMC stock, BB stock, and plenty of others skyrocket off of social media sentiment only. And while this can be a positive, it also can be a major negative for some investors. But, knowing how to spot the next Reddit penny stock and whether it is worth it, is something that will be invaluable to your trading strategy. 

[Read More] 4 Penny Stocks To Buy According To Analysts & Price Targets Up To 507%

The first question you might want to ask yourself is, what your threshold for risk is. If it is low, finding penny stocks on Reddit may not be a great idea. However, if you are ok with risk and volatility, Reddit penny stocks can be worth it. Keep in mind that it is extremely difficult to predict which penny stock may become the next highly trending small-cap. 

But, if we look at factors such as volume, and mentions online, we can have a better chance at spotting the value. So, while there are hundreds of penny stocks discussed on Reddit, it is always best to understand the fundamentals of a company over what people are saying online. Considering all of this, let’s take a look at three penny stocks that are being mentioned on Reddit right now. 

3 Penny Stocks on Reddit to Watch in 2021 

  1. Denison Mines Corp. (NYSE: DNN
  2. Datasea Inc. (NASDAQ: DTSS
  3. New Oriental Education & Technology Group Inc. (NYSE: EDU

Denison Mines Corp. (NYSE: DNN)

Uranium penny stocks have been on a tear recently, and Denison Mines Corp. is one company that has been taking advantage. If you’re unfamiliar, DNN is a uranium company that develops and produces uranium ore at various locations. Its key project is the Wheeler River Uranium project located in the Athabasca Basin region in Saskatchewan. Denison currently holds a 95% interest in this project, and it has been very successful for the company so far.

On August 5th, the company reported its results from the second quarter of 2021. Denison received $5.8 million in connection with the conversion of Uranium Participation Corporation into the Sprott Physical Uranium Trust. The company also completed the acquisition of 50% of JCU Exploration Company Limited for $20.5 million during this period.

“The Company continues to successfully advance on its ambition of developing the high-grade Phoenix deposit, as potentially one of the lowest cost uranium mines in the world, at a time when the uranium market is showing signs of a sustained recovery and the beginnings of a new contracting cycle.”

President and CEO of Denison Mines, David Cates

Since these results were released, DNN stock managed to climb substantially. Considering all of this information, is this high-volume penny stock going to make your watchlist in September?

Penny_Stocks_to_Watch_Denison_Mines_Corp

Datasea Inc. (NASDAQ: DTSS)

Datasea Inc. is a tech penny stock that has seen some major bullish sentiment in the past few weeks. This company provides smart security solutions to companies and is based out of China. It currently is developing smart 3D security platforms, scenic area security systems, school security systems, and much more. These products are sold to schools, public communities, and more.

[Read More] Best Penny Stocks to Buy Ahead Of Apple’s Event? Here’s What To Know

On September 13th, the company announced a $4.33 million new contract to provide short message and 5G multimedia message services with Shuhai Zhangxun Information Technology Co. Ltd. Shuhai Zhangxun will give messaging services to help Hubei Huanyun Network Technology Co. Ltd. reach its clients.

“I’m very pleased to announce the new agreement with Hubei Kuanyun on 5G Multimedia Messaging Services. This cooperation demonstrates Datasea’s ability to provide bulk messaging services and a growing market recognition in our technology advantages, products, and effective service delivery.”

CEO of Datasea, Zhixin Liu

On the same day of this announcement, DTSS stock managed to climb on the good news. This is common with penny stocks as speculation will almost always have an impact on share price. So will DTSS stock be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Datasea_Inc

New Oriental Education & Technology Group Inc. (NYSE: EDU)

New Oriental Education & Technology Group Inc. is an education penny stock we have discussed frequently in the past few months due to its market momentum. If you’re unfamiliar, New Oriental is a company that offers K-12 private educational test preparation services. As of May 31st, 2020 the company’s services and programs were offered in 104 schools, 1,361 learning centers, and 12 bookstores.

Its latest update comes from mid-August when it provided an update on regulatory development. The company announced that the Beijing Municipality Government and the Beijing Municipal Committee of the Communist Party of China jointly issued the “Beijing Municipality’s Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing” These rules are being called the “Beijing Measures”.

Now the company can no longer provide its services during break periods or holidays. The company can also not provide its services that are outside of or in advance of the school curriculum. The price point of its Academic AST must follow government guidelines as well. This is the government’s attempt to prevent excessive charging or profit-seeking activity. Since these new guidelines were released, EDU stock has been rising in the market following a few weeks of bearish sentiment. With all of this in mind, will EDU stock be on your watchlist this week?

Penny_Stocks_to_Watch_New_Oriental_Education_

Why Investors Like Reddit Penny Stocks 

The opportunity to find the next big winning penny stock on Reddit is something that entices all types of investors. But, with so many to choose from, it can be a difficult task to pick just a handful for your watchlist. 

[Read More] 3 Top Penny Stocks to Watch That Are Trending Right Now

The easiest way to narrow it down is to consider your risk tolerance, and use that to your advantage. In addition, spending as much time as you can researching the company will also be a major benefit to your investing. Considering all of this, it’s no wonder why investors like Reddit penny stocks so much. 

The post Best Penny Stocks on Reddit That You Need to Know About appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Author: D. Marie

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Crypto roundup: Valkyrie Bitcoin ETF debuts on Nasdaq; market dips a bit

Bitcoin now has its latest US-based futures exchange-traded fund (ETF), with the Valkyrie BTF product officially launched on New York’s … Read More
The…

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Bitcoin now has its latest US-based futures exchange-traded fund (ETF), with the Valkyrie BTF product officially launched on New York’s Nasdaq stock exchange. The crypto market overall, meanwhile, has pulled back a bit.

Digital asset manager Valkyrie’s ETF joins the similar ProShares product in the US market, BITO, which had been crushing it with record amounts of volume for an ETF launch in its first two days.

Because Bloomberg’s senior ETF analyst Eric Balchunas is the go-to guy on Twitter for insights on these matters, we’ve gone to his feed once again…

As for the Valkyrie Bitcoin ETF, it also seems to be off to a reasonable start. Shame its ticker couldn’t have been BTFD, though… (Don’t geddit? Look it up here.)

“This Bitcoin Strategy ETF is a major leap forward for this asset class,” said Valkyrie CEO Leah Wald in a statement today.

“It enables investors to participate in the digital asset markets through a regulated, transparent product that trades on a trusted, reliable exchange and can be bought and sold as easily as any other investment currently available.”

 

Paul Tudor Jones still likes Bitcoin as inflation hedge

As has been well documented by Stockhead, and others, the current crop of regulator-approved ETFs track the value of BTC futures listed on the Chicago Mercantile Exchange (CME).

A spot-backed, or physically backed Bitcoin ETF is the one the crypto crowd really wants, however, as this is the product that’d require funds to take full custody of Bitcoins, instead of essentially trading in IOUs at premiums and discounts to the actual BTC price.

As billionaire hedge-fund manager Paul Tudor Jones said to CNBC earlier this week regarding the new ETFs:

“I think a better way to get in would be to actually own the physical Bitcoin, to take the time to learn how to own it. But I think the ETF would be fine. I think the fact that it is SEC-approved should give you great comfort.”

Tudor Jones also confirmed Bitcoin is his preferred inflation hedge right now, against a weakening US dollar.

“Clearly, there’s a place for crypto,” he said. “Clearly, it’s winning the race against gold at the moment … It would be my preferred one over gold at the moment.”

We know who would agree with him…

 

Mooners and shakers

So, overall we’re seeing another reddish day in the crypto market. It might have something to do with some big-player profit taking after an extremely positive week on the whole. A week that clocked new all-time highs, and not just for Bitcoin.

Source: Coin360.com

At the time of writing, the entire crypto market cap, consisting of about 10,000 coins on about 550 exchanges, is down by about 1.5 per cent since this time yesterday. It’s chilling out around US$2.64 trillion in total valuation, give or take a few hundred million.

And as you can see from the top-coin market overview above, Bitcoin (BTC) and Ethereum (ETH) are a little stagnant today – down about two to three per cent in the past 24 hours.

There are outliers in the top 10, though, most notably “layer 1” smart-contract platform Solana (SOL), which is getting very close to touching the all-time high of $2.13 it set about a month ago. It’s changing hands for US$2.09 and up 15 per cent.

Could ex-England football striker Wayne Rooney have caused a surge? Yeah, probably not…

One of Solana’s main rivals, Polkadot (DOT), is also having a decent day, up about four per cent, and digging in around US$44. Anticipation for the Polkadot parachain crowdloans is building. They begin on November 11.

And there are other strong ones in this playing field faring even better: Avalanche (AVAX) is up 11.5 per cent since yesterday, while Fantom (FTM), and Elrond (EGLD) are both about 11 per cent to the good.

And the the highly rated Kusama-based platform Moonriver (MOVR) is also glowing, up 24 per cent since this time yesterday, and +54 per cent over the past seven days.

DeFi beaut THORChain (RUNE), meanwhile is still surging, up 18.5 per cent over the past day and 35 per cent on the week.

As for the overall market as we head into the weekend, it feels like we’re in another holding (or HODLing) pattern, waiting once again for the next big move. Could go up… could go down… could go sideways. You didn’t come here for searing technical analysis, did you?

The post Crypto roundup: Valkyrie Bitcoin ETF debuts on Nasdaq; market dips a bit appeared first on Stockhead.






Author: Rob Badman

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Hawkish Powell Hits Stocks; Bitcoin Flat As Breakevens, Bond Yields & Bullion Bounce

Hawkish Powell Hits Stocks; Bitcoin Flat As Breakevens, Bond Yields & Bullion Bounce

A very mixed week across the asset-classes.

Hawkish…

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Hawkish Powell Hits Stocks; Bitcoin Flat As Breakevens, Bond Yields & Bullion Bounce

A very mixed week across the asset-classes.

Hawkish Powell: rate-hike expectations surged higher but stocks gained, crude rallied but copper tumbled. Growth and Value stocks basically ended the week up around the same amount (while Cyclicals modestly outperformed Defensives). Perhaps most notably, rates vol and stock vol expectations are dramatically decoupled from one another.

Inflation: Breakevens soared to record highs… globally, bullion bounced but bitcoin ended the week unchanged and bonds only modestly higher in yield.

Source: Bloomberg

We do not that the long-end of the curve notably outperformed today (flattening the curve significantly) after Powell’s comments, in a clear signal from the market that it’s expecting a Policy error

Source: Bloomberg

Arguably, as Goldman details below, the market could be morphing back from a ‘stagflation’ narrative to a ‘reflation’ narrative

Heading into the week, the ‘stagflation’ narrative was continuing despite the fact that the S&P 500 had already bounced off of its late-September bottom and was heading back towards an all-time high.  And as we exit the week, the inflation debate seems to be evolving into a ‘the Fed will hike earlier’ narrative, with yields on 2-year Notes spiking to 0.50% — a level last seen in the first days of the pandemic way back on March 18, 2020.  Praveen Korapaty writes in last Friday’s note, “Front-end pressures mount,” that markets appear to have returned to a paradigm of simultaneously bringing forward and/or accelerating hike pricing and taking down terminal rate assumptions. Bond investors appear to be increasingly thinking that the rise in inflation that we have been observing will translate into an earlier Fed funds rate hike.

And yields on 10-year Treasuries also briefly touched 1.70% this week, suggesting that bond investors are actually also feeling fine about longer-term growth.  And this better feeling is also being reflected in stock prices with the S&P 500 breaking up above 4500 and hitting a new all-time high this week.  So, the ‘stagflation’ narrative seems to be morphing back into a ‘reflation’ narrative — something similar to what we were experiencing when the economy first ‘reopened’ last spring.

Digging into each asset class, stocks ended the week higher overall (despite today’s Powell-driven dip that sent Nasdaq down around 1% today)…

The S&P and Dow closed at record weekly closing highs…

In Canada, the S&P/TSX Composite is up 13 straight days to a new record high – the longest winning streak since 1985…

Source: Bloomberg

Rather interestingly, this week saw “get out and party” recovery stocks underperform the “stay at home and sulk” stocks…

Source: Bloomberg

Cyclicals modestly outperformed Defensives on the week…

Source: Bloomberg

Growth barely outperformed Value on the week…

Source: Bloomberg

TSLA topped FB in terms of market cap again today (to become the 5th biggest company in the S&P) as Musk’s carmaker surged to new record highs above $900…

Source: Bloomberg

But the week’s biggest gainer was Trump’s “TRUTH” SPAC which ended up over 800% (though at one point it was up over 1600%)…

Source: Bloomberg

VIX traded down to a 14 handle this morning – the lowest since before the pandemic lockdowns began…

Treasury yields ended the week higher, but the long-end notably outperformed…

Source: Bloomberg

The yield curve ended the week notably flatter (after a wild ride midweek back to last week’s highs)…

Source: Bloomberg

Policy Error? The flattening started with the June taper chatter…

Source: Bloomberg

Inflation Breakevens soared to record highs today (US 5Y topped 3.0%) across the globe today…

Source: Bloomberg

The dollar ended the week lower, chopping around at one-month-lows…

Source: Bloomberg

Cryptos had a wild ride for the week with Bitcoin reaching new record highs after BITO’s launch before fading back to unchanged on the week today (Ethereum modestly outperformed on the week)…

Source: Bloomberg

Bitcoin ended the week just above $60k, well off the $67k record high…

Source: Bloomberg

The newly launched Bitcoin (futures) ETF (BITO) ended below its opening level…

Bitcoin Futures were well bid as BITO launched but the premium over spot has faded since…

Source: Bloomberg

Commodities were very mixed with copper clubbed and silver soaring (gold and crude also rallied)…

Source: Bloomberg

Rather interestingly, the huge divergence between copper and silver occurred at a key resistance level (around 20 ounces of silver to buy copper)

Source: Bloomberg

Finally, we note Mizuho’s warning of the impact of today’s more hawkish speech from Fed chair Powell. Our view that the divergence of equity implied vol (at pre-pandemic lows) from rates implied vol (rising to the highs of the year in most markets) is unsustainable, is showing tentative signs of turning.

Source: Bloomberg

The sharp move lower in Nasdaq futures and widening of CDS indices is a warning shot, we feel, of how risk assets would break down if the Fed was to try to stamp out inflation at such an early point in the cycle as mid 2022.

Commodities relative to stocks are starting to flash some red alerts…

And if one needed an excuse to buy some protection against that whiplash reality check for stocks, VIX is at a critically cheap level relative to VXV…

Source: Bloomberg

That has not tended to end well for stocks.

Tyler Durden
Fri, 10/22/2021 – 16:01



Author: Tyler Durden

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Top Mining Small Caps To Watch Right Now

Are mining juniors on your watchlist right now?

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Are These Mining Penny Stocks on Your Watchlist in October?

Mining penny stocks have become extremely popular over the last year or so. And, there are a few main reasons why that is the case. For one, mining stocks tend to be more stable than most others, as their trajectories are less affected by speculation. While this is more true with blue-chip mining stocks, it is also the case with mining penny stocks.

[Read More] 3 Biotech Penny Stocks to Watch That Are Climbing Right Now 

In addition to this, many investors have turned to mining stocks this year as a way to avoid the ups and downs of the stock market as a result of Covid. Specifically, gold stocks are highly popular as they present a ‘safeguard’ investment against inflation and market volatility. Historically, gold has been a mainstay in the market during times of economic trouble. And while we are emerging from the pandemic right now, investors are still uncertain about the future. 

As a result, mining stocks remain very popular right now. As we continue to move into the end of the year, it’s worth keeping an eye on the demand for resources such as gold, silver, and other popular mined ores. This will help to illustrate how these stocks could perform in the future. With that in mind, let’s take a look at three mining penny stocks to watch right now. 

3 Mining Penny Stocks to Watch Right Now

  1. IAMGOLD Corp. (NYSE: IAG
  2. Yamana Gold Inc. (NYSE: AUY
  3. B2Gold Corp. (NYSE: BTG

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a mining penny stock that has climbed by over 30% in the past month with 5% of that occurring in the last five days alone. This company develops, explores for, and operates gold mining properties. These properties are located in the Americas and West Africa. Its mines include the Rosebel mine, Essakane mine, and Westwood mine among many others. In addition to gold, the company also searches for silver and copper as well.

[Read More] 4 Penny Stocks For Your List As Trump’s DWAC Stock Breaks The Internet

On October 19th, the company provided its preliminary operating results for the third quarter of 2021. All of IAMGOLD’s mines reported positive results during this period. Its Essakane mine had an average recovery of 83 percent at 3.3 million tons. Additionally, the Rosebel and Westwood mines provided positive results for the company as well.

“We achieved attributable production of 153,000 ounces during the third quarter and are pleased that our total attributable production is trending towards the upper end of the guidance range. Essakane continues to deliver strong results and Rosebel is performing in line with the updated plan.”

Gordon Stothart, the President, and CEO of IAMGOLD

Right now, many investors are turning to gold and mining stocks in general as a way to hedge bets against inflation. And as a popular gold stock, IAG could be worth looking into. Considering this, does it deserve a spot on your penny stocks watchlist?

Penny_Stocks_to_Watch_IAMGOLD_Corp._(IAG_Stock_Chart)

Yamana Gold Inc. (NYSE: AUY)

Yamana Gold Inc. is another gold stock that has been moving up in the last few trading sessions. While its 8% gain over the past month is not as large as IAG’s, it is still substantial considering the relative stability of mining stocks. This company produces various precious metals in the United States however, its primary focus is on the production of gold. Silver is also a big market for Yamana, which it searches for at its development stage properties, exploratory sites, and land positions.

The most recent Yamana update was released on October 4th. The company announced that it will reveal its third-quarter operating and financial results after the market closes on October 28th, 2021. The next day, at 9 a.m. EDT, a conference call and webcast will be held. The financial results of Yamana Gold could have a big impact on its stock price if either positive or negative results are reported. This is something we see with most stocks, and for that reason, financial reports are always important to consider. 

The price of AUY stock is not just dictated by how the company is performing though. The prices of gold and silver are also major contributors to whether AUY stock will move up or down. It seems as though it is a balance between the price of gold, speculation, and the fundamentals when it comes to AUY stock. This is why it is important to stay up to date with the latest in the market. For now, will AUY stock be on your list of penny stocks to watch in October?

Penny_Stocks_to_Watch_Yamana_Gold_Inc._(AUY_Stock_Chart)

B2Gold Corp. (NYSE: BTG)

B2Gold Corp. is one of the bigger recent gainers, pulling in over 26% in gains in the past month. As its name suggests, this company primarily produces gold however, it also searches for other precious metals as well. Currently, B2Gold has three operating mines in Mali, the Philippines, and Namibia. Additionally, B2Gold has other evaluation and exploration assets located in Uzbekistan, Finland, Burkina Faso, and more. It’s worth noting that the company also has an 81% interest in the Kiaka Project.

On October 19th, B2Gold Corp. reported its gold production and gold revenue from the third quarter and first nine months of 2021. The company’s total gold production for the quarter was 310,261oz, which is 7% higher than its budget. This number is also 18% higher than its third-quarter 2020 numbers. Based on its positive performance, the company’s annual production guidance range has been increased to 1,015,000 to 1,055,000oz. 

[Read More] Top Penny Stocks to Buy Now? 3 Under $4 to Watch

The company stated, “The Company is currently compiling its consolidated cash operating costs and consolidated AISC results for the third quarter and first nine months of 2021, which will be released along with its third quarter and first nine months of 2021 financial results after the North American markets close on Tuesday, November 2, 2021.” B2Gold’s full third quarter 2021 financial results will be released on Tuesday, November 2nd after the markets close. Before these results are released, will BTG make your penny stock watchlist?

Penny_Stocks_to_Watch_B2Gold_Corp._(BTG_Stock_Chart)

Are Mining Penny Stocks Worth Buying Right Now?

Finding the best mining penny stocks to buy in 2021 can be challenging. But, with a keen insight into which stocks are performing well, what the industry is doing, and how it could perform in the future, it can be much easier to make money with penny stocks. Considering all of this, do you think that mining penny stocks are worth buying right now or not?

The post Top Mining Penny Stocks You Need to Know About Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

iamgold corporation

Author: A. Lawrence

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