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Best Penny Stocks to Buy Today? 3 For Your Watchlist Right Now

Which penny stocks are you watching right now?
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3 Penny Stocks to Watch Right Now 

As another week of trading comes to an end, plenty of penny stocks are showing momentum. While some fear both penny stocks and blue chips to have a massive crash following the sizable bullish movement we’ve seen, others say that is unlikely. 

“Counter to the intuition of many investors, the stellar 26% YTD return is not a good reason in itself to expect a weak return in 2022.” 

David Kostin, the Chief U.S. Equities Strategist at Goldman Sachs

This is a positive sign and many investors hope that this growth can continue. The largest fear for those who trade penny stocks right now is inflation. With billions of dollars given out in economic stimulus and the new $1 trillion infrastructure bill being passed, some believe that inflation will only continue to rise.

[Read More] 3 Reddit Penny Stocks You Need to Know About Right Now

And yes, this fear is warranted, however, it doesn’t mean that there will be a crash with certainty. So, considering all of this, let’s take a look at three penny stocks to watch right now. 

3 Penny Stocks to Add to Your Watchlist in November 

  1. Digital Ally Inc. (NASDAQ: DGLY
  2. Seanergy Maritime Holdings Corp. (NASDAQ: SHIP
  3. Precipio Inc. (NASDAQ: PRPO)

Digital Ally Inc. (NASDAQ: DGLY)

Digital Ally Inc. is a manufacturing and distribution company that specializes in digital video imaging, storage, disinfectants, and other safety items. In the United States, these items are employed in law enforcement, security, and commercial applications. One of its products is a police enforcement in-car digital video mirror system. And, its other products work similarly and are used for purposes relating to this.

On November 18th, the company announced its revenue guidance for the fourth quarter of 2021 and the fiscal year 2022. Digital Ally stated that it expects its fourth-quarter revenues for 2021 to be more than $9 million. Overall, the company’s 2021 fiscal year revenue expectation is at about $18 million. Now Digital Ally expects its 2022 fiscal year revenues to be about $50 million.

“We are pleased with our third-quarter financial results and more specifically our recently acquired operating companies. Both TicketSmarter and Digital Ally Healthcare are already impacting our financial metrics and we are confident that through organizational synergies and solid leadership vision, the best is yet to come.”

The CEO of Digital Ally, Stan Ross

In the past five days, shares of DGLY stock have shot up by around 14%, which is no small feat. Despite less than stellar performance in the first half of the year, it looks like DGLY stock is making a bullish comeback right now. Based on this new information, will DGLY be on your penny stock watchlist?

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)

Seanergy Maritime Holdings Corp. is a shipping and transport company that has pulled in more than 84% in gains in the past YTD period and over 110% in the past twelve months. Specifically, this company ships dry bulk goods around the world by sea. Seanergy’s vessels mostly deliver iron ore and coal, however, it ships a large range of other goods as well. Seanergy currently operates a fleet of 17 Capesize boats with an average cargo-carrying capacity of about 3,011,045 deadweight tons.

On November 2nd, the company reported its financial results for the third quarter and nine-month period ended September 30th, 2021. Let’s start by talking about Seanergy’s third quarter of 2021. During this period, its gross revenues grew 146% to a total of $50 million. Seanergy’s net income increased 459% year over year during this period as well.

[Read More] Top Penny Stocks to Invest in Right Now? Check These 3 Out

In the nine-month period, the company’s gross revenues and EBITDA went up 130% and 307% respectively. These numbers are very solid and show a sizable amount of growth for Seanergy. While this is a reflection of SHIP stock’s commitment to growing, it is also a sign that the shipping industry at large is performing above expectations.

“I am very excited to announce our financial results for the third quarter and nine-month period that ended on September 30, 2021, marking a record profit for Seanergy since we started acquiring our current fleet in 2015. The exceptional financial performance of our Company is attributed to the combination of the well-timed acquisitions that we executed in the past year, as well as the highest dry bulk market of the last decade.”

The Chairman and CEO of Seanergy, Stamatis Tsantanis

Using this new information as a resource, will SHIP stock make your watchlist in mid-November?

Penny_Stocks_to_Watch_Seanergy_Maritime_Holdings_Corp_SHIP_Stock

Precipio Inc. (NASDAQ: PRPO)

Precipio Inc. is a biotech penny stock that showed high volume on November 18th. This is a company that develops a large range of cancer diagnosis technologies. It offers oncology products such as clinical diagnostic services for blood-related cancers. Last year, the company began producing COVID-19 antibody tests, which drew a lot of additional interest from investors. Currently, it sells ICE-COLD-PCR tech kits for detecting abnormalities in blood samples to bio-pharma customers for clinical research and as COVID-19 antibody tests.

On November 18th, New York State’s Department of Health approved Precipio’s HemeScreen RUO assay for physician-owned laboratory use. New York State’s DOH is one of the stricter regulatory groups in the United States. This means that this was a positive piece of news for Precipio to deliver.

“The combination of the determination of a formidable practice such as NYC&B to onboard HemeScreen, and the receipt of approval from a regulatory body such as NY DOH, is yet another testament to both the clinical utility, and the business value proposition of the HemeScreen assay to the POL market”.

The CEO of Precipio, Ilan Danieli

Noting this new advancement and its role in diagnosing Covid, will PRPO be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Precipio_Inc

Are These Penny Stocks on Your Watchlist Right Now?

While 2021 has not been a banner year for stability amongst penny stocks, plenty of investors have made money trading small caps. And with only a few months left to go, there is a lot to look forward to.

[Read More] Do These Top Penny Stocks Have Upside Potential in November?

Considering that there is so much movement in the stock market, there are plenty of fluctuations for investors to take advantage of. With that in mind, which penny stocks are on your watchlist right now?

The post Best Penny Stocks to Buy Today? 3 For Your Watchlist Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Author: D. Marie

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Ground Breakers: Costs rise for ASX gold miners as inflation bites

Gold miners have endured an arduous 2021 in equity markets. While cash has been easy to come by and deals … Read More
The post Ground Breakers: Costs…

Gold miners have endured an arduous 2021 in equity markets.

While cash has been easy to come by and deals are being done, most gold producers have been hit by poor sentiment as prices have struggled to break out.

Over the past year the All Ordinaries Gold Index has sagged around 20%.

Although most are still making good money, rising costs and the impact of inflation and labour challenges are also hitting miners in the hip pocket.

Metals Focus says the global average all in sustaining cost for gold miners hit its highest level since 2013 in the September quarter, rising 3.6% quarter on quarter to US$1123/oz.

Costs are on the rise for gold producers
Pic: Metals Focus

Australian miners were the worst off when it came to cost pressures, with costs in Australia climbing by an average of 13.1%.

Global AISC margins fell by 9% QoQ to US$667/oz, with Australia’s sliding 18%, Canada’s dropping 5% and Russia’s falling 7%.

Margins remain high historically speaking, and 94% of gold operations tracked by Metals Focus remain profitable.

“As might be expected, increasing costs and a lower gold price have squeezed margins in the September quarter,” they said.

“However it is worth noting that their margins are still substantially higher than in previous years.”

“Despite the relatively healthy margins, the lower gold price and rising costs are putting pressure on higher cost operators,” Metals Focus said.

“While the proportion of output that is profitable remains high at 94%, it has fallen from 98% in Q2.21. A number of operations and projects are already under strategic review with regards to increasing costs.”

Costs are up for goldies for the fourth straight quarter
A few more gold miners are touching the margins. Pic: Metals Focus

“If cost inflation persists and margins diminish even further it is likely that development project approvals will be delayed and also possible that the highest cost production of more marginal producers could potentially be closed.”

Although global average head grades rose 0.5% (5% in Australia), inflationary pressures including crude oil prices, rising salaries amid Covid restrictions, labour shortages and turnover, and the cost of equipment due to supply chain issues drove up operating costs for the fourth straight quarter.

Markets reacted badly this morning to news of the spread of the omicron coronavirus variant around the world, with materials sliding 1.19% this morning.

Chalice soars on new Julimar discovery

Market darling is a phrase that doesn’t quite cut it with Chalice Mining (ASX:CHN), which is up 60 times over since making the Gonneville nickel-copper-PGE discovery 70km north of Perth early last year.

Shares jumped more than 4% this morning after Chalice announced another discovery at Julimar, where last month it declared Gonneville the world’s biggest nickel sulphide discovery in 20 years and Australia’s first major platinum group elements resource.

The new mineralised intrusion is an ultramafic unit to the west of Gonneville, separated by around 70m of metasediments.

Located immediately south of the 6.5km Hartog anomaly, Chalice struck 3m at 2g/t palladium, 0.3g/t platinum, 0.6% nickel, 0.5% copper and 0.05% cobalt for a 1.7% nickel equivalent from 68m in one hole.

The second mineralised intercept struck 2m at 1.8g/t Pd, 0.2g/t Pt, 0.6% Ni, 0.5% Cu and 0.06% Co for a 1.9%NiEq from 139.2m.

The discovery did not show up on EM, “highlighting the potential for further blind discoveries” according to Chalice.

While Chalice has already drilled around 180,000m at Julimar, part of its value proposition is the idea that more will be found with the Gonneville resource accounting for just 7% of the 26km strike of the Julimar complex.

It has submitted a conservation management plan to get at the Hartog target, which will be a bit more thorny because unlike previous drilling which has been located on private farmland, Hartog lies beneath the Julimar State Forest.

Chalice says its CMP for drilling the Hartog-Baudin targets is sitting with the WA Government and it expects approvals shortly.

Chalice Mining share price today:

 

The post Ground Breakers: Costs rise for ASX gold miners as inflation bites appeared first on Stockhead.




Author: Josh Chiat

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QMines tops the class with second resource update just a few months after listing

Special Report: In just the six short months since making its debut on the ASX, QMines has delivered its second … Read More
The post QMines tops the…

In just the six short months since making its debut on the ASX, QMines has delivered its second resource estimate for the Mt Chalmers copper-gold project, which is 38% higher than the previous estimate and largely in the higher confidence measured and indicated categories.

QMines (ASX:QML) has delivered an updated resource for its flagship Mt Chalmers project in Queensland of 5.8 million tonnes at 1.7% for 101,000 tonnes of contained copper equivalent, which includes for the first time measured and indicated resources.

Significantly, 78% of the updated resource falls into the higher confidence measured and indicated categories. This is important because it gives an explorer sufficient information on geology and grade continuity to support mine planning and allows the definition of a reserve.

The updated resource is not far off the 120,000 tonnes that respected Australian investment firm Shaw and Partners forecast for the latest resource upgrade in a research note in early October.

Shaw and Partners, however, anticipated the updated resource would still be 100% inferred. This attracted an increased 72c price target from the investment firm which is a nearly 90% premium to the 38c share price QMines is trading at currently.

QMines share price chart (ASX:QML)


 

So the fact that such a large chunk of the resource is in the measured and indicated categories is a big leap in terms of confidence in the resource and should be a positive signal to the market of QMines’ ability to over-deliver against the target.

“As the company only listed in May 2021, it is a fantastic achievement to be delivering a resource upgrade for our shareholders in such a short period of time,” executive chairman Andrew Sparke said.

“It is very pleasing to see that the upgraded resource has substantially grown in both size and confidence level, with the measured and indicated categories now comprising 78% of the overall resource.”

Offering further exploration upside, Sparke says QMines has identified several volcanic-hosted massive sulphide (VHMS) prospects outside the known resource, which bodes well for further resource upgrades and the potential for future development.

A world class mine in the making

Mt Chalmers is already considered one of the world’s highest-grade gold-rich VHMS systems.

QMines has previously demonstrated the significant size potential and high-grade nature of the deposit, with recent peak grades of from a 15-hole, 2,182m diamond drilling program including 5.3% copper, 11.75 grams per tonne (g/t) gold, 243g/t silver, 33% zinc and 19% lead.

Those results, which were reported just last week, follow close on the heels of ‘bonanza’ grade copper, gold, silver, lead and zinc intercepts announced in October.

A major 30,000m drilling program continues unabated, with a third resource upgrade planned for the first half of 2022.

QMines

 

This article was developed in collaboration with QMines, 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 QMines tops the class with second resource update just a few months after listing appeared first on Stockhead.






Author: Special Report

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How Nanoveu’s innovative disinfectant tech will combat Omicron

Special Report: The recent emergence of the Omicron coronavirus variant serves as a reminder that the world needs to continue … Read More
The post How…

The recent emergence of the Omicron coronavirus variant serves as a reminder that the world needs to continue doing its level best to combat the illness.

The full impact of Omicron on local markets remains to be seen, but for tech innovator Nanoveu Limited (ASX:NVU) the mutation reinforces the importance of the work it’s done in the space.

Nanoveu’s flagship brand is NanoshieldTM – a collection of self-disinfecting products scientifically proven to be effective against five different kinds of coronavirus.

Nanoshield’s proven coronavirus casualties include murine hepatitis virus (found in mice) and human coronavirus 229E – both TGA-approved surrogates for use in COVID-19 disinfectant efficacy tests – as well as human coronaviruses OC43 and NL63.

Perhaps most compelling of all is the fifth variant on the list. A partnership with its customer Nestle has allowed the company to test Nanoshield on SARS-CoV-2 – more commonly known as COVID-19 – which resulted in proof that the tech eliminates up to 99.99% of microbes within minutes of contact.

Its proven effectiveness across five strains of coronavirus, including COVID-19, gives Nanoveu confidence that its product stands up against new strains of the virus.

That’s significant, as the world looks to return to some level of normal.

“The current pandemic has taught us many things but the most important of which is a reminder that no matter how much we want our lives to return to normalcy, a single mutation can set us backwards,” Nanoveu founder and CEO Alfred Chong told Stockhead.

“On that note, we should always be on the defensive, taking the extra steps to ensure we remain safe.  In developing our product, we looked at certain attributes which are now showing its resilience.

“The patented antiviral agent we have deployed for our products is not only grounded in science, but has been time tested by leading laboratories globally, customer-validated by tier 1 multinational companies, and has the potential to significantly contribute to the global fight against the virus for years to come.”

The science of Nanoshield

Nanoshield is available across a series of antiviral and antimicrobial products, including tape, antiviral face masks and a mask refresh spray, smartphone screen protectors and pre-cut film to be applied to surfaces.   The company has also developed a new spray formulation for enterprise scale antiviral and antibacterial textile treatment, including airports and other large public spaces.

* See ASX Announcements of 15 April 2020, 5 May 2020, 25 May 2020, 18 February 2021 and 28 July 2021 for the testing performed and the results.

All of the products make use of the same patented technology – a cuprous iodide antiviral agent which attaches itself to the spike proteins which envelop the virus.

Nanoveu
Viruses have a protective layer that attempts preserves the infectious DNA/RNA inside long enough to infect host cells. Non-enveloped viruses have a capsid protein layer, enveloped viruses have a lipid membrane with spike proteins. COVID is an enveloped virus. Pic: Supplied.

“The reason our technology is so fast at disinfecting these viruses is to do with protein adsorption,” Nanoveu chief commercial officer Thomas Apedaile told Stockhead.

“The type of copper we use has very high protein adsorption, which attach quickly to the spike proteins on SARS-CoV-2 and effectively burst the bubble of the virus.”

The cuprous iodide tech used by Nanoshield is demonstrated to be much more effective in adsorbing the virus when measured against other forms of copper and silver.

“Not all copper is created equally,” Apedaile said.

Combatting the virus a team effort

According to Apedaile, Nanoveu’s innovative Nanoshield product is just one part of a holistic approach to combatting the spread of COVID-19 and its variants.

“We reference the Swiss cheese model as a means of reducing transmissions of COVID,” he said.

“If you look at a block of Swiss cheese there’s no holes in it but cut into slices there are.

“If you put those slices back together the cheese becomes impenetrable. In the COVID context the layers are things like quarantine and isolation, vaccines, social distancing, hand hygiene, air filtration and disinfectant.

“We see technology like antimicrobial surfaces as another protective layer. If you coat a surface with our product it will disinfect itself for a year.

“That’s the equivalent of cleaning for a whole year – it can definitely help, it certainly can’t harm, and if we have as many of these layers in place as possible, you’re setting yourself up to potentially avoid further lockdowns.”

 


 

 

This article was developed in collaboration with Nanoveu, 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 How Nanoveu’s innovative disinfectant tech will combat Omicron appeared first on Stockhead.


Author: Special Report

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