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3 Penny Stocks to Watch This Coming Week

Which penny stocks are you watching this week?
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Are These Top Penny Stocks on Your Watchlist Right Now?

With the first week of December coming to a close, penny stocks continue to see high potential. Although the Omicron variant of Covid-19 has clouded the gains that we were seeing last month, many investors are excited about the future. To understand the potential that penny stocks can have, investors need to have a thorough understanding of what’s going on in the stock market and how to use that as an advantage.

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 With that, those who trade penny stocks can begin to form an idea of which industries may be worth investing in, and which are not. In additions having a thought-out trading strategy will be a major benefit to your profitability as an investor. And with so much going on in the stock market, consistency is key to seeing gains. Considering all of this, let’s take a look at three penny stocks to watch in early December. 

3 Penny Stocks to Watch In Early December 

  1. Petros Pharmaceuticals Inc. (NASDAQ: PTPI
  2. Denison Mines Corp. (NYSE: DNN
  3. Ault Global Holdings Inc. (NYSE: DPW

Petros Pharmaceuticals Inc. (NASDAQ: PTPI)

Petros Pharmaceuticals Inc. is a biotech penny stock that’s gained more than 30% in value in the past five days or so. After a major spike, shares quickly corrected on December 1st. If you’re not familiar, this company primarily creates men’s health therapeutics in the United States. Currently, Petros is working on the commercialization and development of Stendra. Stendra is a prescription medication for treating erectile dysfunction. Additionally, the company commercializes and develops H100 for treating acute Peyronie’s disease.

On November 15th, the company reported its third-quarter financial results for 2021. During this period, its prescription and tablet sales reached new record highs for STENDRA. Its total STENDRA mg sold in this quarter increased 6% quarter over quarter. Although these results are positive, Petros reported lower net sales overall year over year. Its STENDRA net sales went down 47% year over year in this quarter because of higher sales allowances and higher discounts.

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Overall, its prescription medications segment gross sales went up 46% quarter over quarter. Despite this, there is a major amount of bullish sentiment in the biotech industry right now. While this is not the main reason for PTPI stocks growth in the last few trading days, it could be a contributing factor. 

“Petros continued its momentum during the third quarter with the number of prescriptions and tablets hitting record levels. The demand for STENDRA® continues to be strong with total milligrams sold (total milligrams of all tablets sold, including 50mg, 100mg, and 200mg) increasing 6% over the prior quarter.”

President and Chief Commercial Officer of Petros, Fady Boctor

With major price movement continuing to occur with Petrios, will PTPI be on your list of penny stocks to watch?

Denison Mines Corp. (NYSE: DNN)

Denison Mines Corp. is a mining penny stock that has climbed by more than 120% and almost 300% in the past YTD and one year periods. These are substantial gains and reflect both the bullishness on mining and Denison’s work as a company. For some context, Denison is a uranium exploration company established in Canada. The corporation is involved in the development of uranium assets in the Athabasca Basin region of northern Saskatchewan. This is the location of the Wheeler River uranium project, of which Denison controls 95%.

Denison released its third-quarter 2021 results on November 4th. The business concluded its 2021 ISR field test program at the Phoenix uranium mine successfully. Phoenix has now moved to the feasibility study stage, and Wood PLC will be the study’s primary author. Denison also finalized the acquisition of 50% of JCU from UEX Corporation in August for a cash consideration of $20.5 million.

“With increased interest in the uranium market and a recent lift in both spot and long-term uranium prices, we are encouraged that future utility customers are returning to the market and looking at Denison’s Wheeler River project as a potentially viable source of reliable and low-cost future supply.”

The President and CEO of Denison, David Cates

In 2021 so far, DNN stock has gone from under $0.80 per share to over $1.50 per share as of the beginning of December. Keeping this in mind, will DNN be on your penny stocks watchlist?

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Ault Global Holdings Inc. (NYSE: DPW)

Ault Global Holdings Inc. is a holdings company that is involved in the acquisition of a range of businesses in different industries. This includes those in power system solutions design, Bitcoin mining and everything in between. The company works in broader industries such as medical and military, industrial, aerospace, defense, and more. Ault currently offers power supply, power conversion, and distribution equipment. These items are available for purchase both directly and through distributors. In addition to this, Ault owns and operates a data center that mines Bitcoin and provides mission-critical products.

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On November 29th, the company’s subsidiary TurnOnGreen announced that it has achieved a new partnership. TurnOnGreen partnered with The Alisal Guest Ranch and Resort to expand its commercial EV charging capabilities for resort guests and visitors. The company will start a multi-phase electric vehicle charger installation plan this December. This will begin with the installation of EVP700G level 2 EV charging stations in the resort’s guest parking area.

“We are excited to be integrated into the Alisal resort and provide their guests and visitors access to simple EV charging solutions that will help promote zero-emission travel to the property. As we expand our commercial charging programs throughout North America, TurnOnGreen will continue to facilitate the rapid adoption of zero-emission vehicles, helping to create a brighter future for the planet.” 

The Chief Revenue Officer of TurnOnGreen, Marcus Charuvastra

While DPW stock has not been performing too well, updates like these show that the company still has a lot in its pipeline. Noting this new advancement, will DPW stock be on your December watchlist?

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Are Penny Stocks Worth Buying Right Now?

While it is difficult to answer this question with certainty, there are plenty of penny stocks out there for investors of all types. Because of this, it all comes down to understanding where to look, and what type of trader you are. With all of this in mind, do you think that penny stocks are worth buying right now?

The post 3 Penny Stocks to Watch This Coming Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Today’s News

Gold Springs Resource Corp. 2022 Drilling Program

VANCOUVER, BC / ACCESSWIRE / January 21, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the "Company" or "GRC"), is pleased to announce its…

VANCOUVER, BC / ACCESSWIRE / January 21, 2022 / Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) (the “Company” or “GRC”), is pleased to announce its 2022 plan to advance rapidly towards pre-feasibility its 8,000 ha Gold Springs Project located in Nevada and Utah (USA).

The 2022 drilling program is designed:

  1. To expand the 4 existing resources, especially at “North Jumbo” and “South Jumbo”.
  2. To conduct follow up drilling on the 4 significant new discoveries at “Tremor”, “Charlie Ross”, “White Point” and “Homestake”
  3. To conduct new drilling on 5 targets at “Midnight”, “Pope”, “Red Light”, “Snow” and “Horseshoe Extension”.

All of these targets are ready to drill with roads and drill pads constructed.

The Company’s 2022 planwill aim to expand its resources areas and the number of ounces with:

  • 2 resource up-dates: in the 1st quarter with the 2021 drilling results and in the fourth quarter.
  • 1 RC drill to expand the existing resources;
  • 1 RC drill to follow up on the significant new discoveries and test new targets;
  • 1 Core drill to test deeper portions of some 2021 discoveries and collect material from the existing resources for metallurgical testing;
  • expanded CSAMT geophysical surveys;
  • baseline studies completed to advance the mine permitting process.

Antonio Canton, President and CEO, stated “Our 2022 plan demonstrates our commitment to rapidly advance Gold Springs, as we believe it has a huge potential. In conjunction with the drilling, we will move forward with the mine permitting process to further de-risk a future mining operation. 2021 has been an exciting year with significant new discoveries and now we are looking forward to a successful 2022 drilling season to expand our existing resources and to add new ones.”

The RC drill program is expected to start in the first quarter, as soon as the weather conditions allow, with the core drilling starting the following month. The CSAMT ground geophysical survey should start in the 2nd quarter and will cover many of the targets without surveys. This will include “White Point”, “Midnight”, “Homestake”, “Horseshoe Extension”, “Iris”, “Grey Eagle”, “Ridge, West Ridge”, “Lost World”, and “Camp Bell”. This work will help define the limits of these targets which are all partially covered by post-mineral material.

(For additional information about the “Tremor”, “Charlie Ross”, “White Point” and “Homestake” discoveries, please refer to GRC’s press releases dated December 3, 2021, October 19, 2021, December 17, 2021 and January 7, 2020, respectively).

Qualified Person

The Qualified Person on the Gold Springs Project is Randall Moore, Executive Vice President of Exploration for Gold Springs Resource Corp. and he has reviewed and approved the content of this press release.

About Gold Springs Resource Corp.

Gold Springs Resource Corp. (TSX:GRC)(OTCQB:GRCAF) is focused on the exploration and expansion of the gold and silver resources of its PEA-stage Gold Springs project located on the border of Nevada and Utah, USA. The project is situated in the prolific Great Basin of Western USA, one of the best mining jurisdictions in the world.

Gold Springs Resource Corp. Contact:

Antonio Canton, President and CEO
[email protected]

Forward Looking Statements

Certain statements contained herein, including, but not limited to, statements with respect to what the Company plans to achieve under its 2022 plan for the Gold Springs Project, and its expectation to provide two resource update during the first and fourth quarter of 2022, constitute “forward-looking information” under applicable Canadian securities laws (“forward-looking statements”). Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as “creating”, “believe”, “would”, “continue”, “will”, “promising”, “should”, and similar expressions. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations if known and unknown risks or uncertainties affect our business or if our estimates or assumptions prove inaccurate. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs Project, including possible variations in mineral resources, grade, recovery rates, metal prices, capital and operating costs, and the application of taxes; availability of sufficient financing to fund planned or further required work in a timely manner and on acceptable terms; availability of equipment and qualified personnel, failure of equipment or processes to operate as anticipated, changes in project parameters, including water requirements for operations, as plans continue to be refined; regulatory, environmental and other risks of the mining industry more fully described in the Company’s Annual Information Form and continuous disclosure documents, which are available on SEDAR at www.sedar.com. The assumptions made in developing the forward-looking statements include: the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the continuing support for mining by local governments in Nevada and Utah; the availability of equipment and qualified personnel to advance the Gold Springs Project; execution of the Company’s existing plans and further exploration and development programs for Gold Springs, which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs.

Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. Unless otherwise indicated, forward-looking statements in this press release describe the Company’s expectations as of the date hereof.

SOURCE: Gold Springs Resources Corporation

View source version on accesswire.com:
https://www.accesswire.com/685035/Gold-Springs-Resource-Corp-2022-Drilling-Program

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Today’s News

Damara Announces Appointment of Ron Parratt to the Board

TheNewswire – January 21, 2022 – DAMARA GOLD CORP. (TSXV:DMR) (“Damara” or the “Company”) is pleased to announce the appointment of Ronald L. Parratt…

TheNewswire – January 21, 2022 – DAMARA GOLD CORP. (TSXV:DMR) (“Damara” or the “Company”) is pleased to announce the appointment of Ronald L. Parratt as director of the Company. Ron has over 40 years of exploration experience for precious metals including service with Santa Fe Pacific Gold Corp., Homestake Mining Company, AuEx Ventures Inc. and Renaissance Gold Inc. During his years of precious metals experience, Ron had direct involvement in the discovery of several large gold deposits, including Rabbit Creek (now Twin Creeks (>10 million ounces), Lone Tree (5 million ounces), Trenton Canyon (1 million ounces), Gold Hill (2 million ounces) and Long Canyon (>3 million ounces) gold mines in the Great Basin of Nevada.

 

Ron is a graduate of Purdue University with degrees in geochemistry and economic geology. He is a Certified Professional Geologist with the American Institute of Professional Geologists, a Registered Geologist in California and a Professional Geologist in Wyoming. He is a Fellow of the Society of Economic Geologists and a past President of the American Exploration and Mining Association. Ron is a Distinguished Member of Society for Mining, Metallurgy and Exploration and President Elect of the society. He is also a member of the elite Casey Explorers’ League.

 

Larry Nagy, CEO, commented:  “We are very pleased to welcome Ron Parratt  to the Company’s Board.  Ron’s expertise in the mining industry will be a huge benefit to the Company and will strengthen the board’s skill sets moving forward”.

The Company further announces the resignation of William Yeomans as director effective January 21, 2022.  The Company wishes to thank Mr. Yeomans for his support and guidance during his tenure and wishes him well in his future endeavors.

Option Grant

Effective today the Company has granted an aggregate 300,000 stock options (the “Options”) to directors of the Company.

 

The Options are exercisable for a period of five years at a price of $0.08 per common share in accordance with the terms of the Company’s 10% rolling Stock Option Plan approved by shareholders on June 29, 2021.

About Damara

Damara Gold Corp. is a TSX Venture listed mineral exploration company actively focused on the exploration of the Placer Mountain Gold Property, located in Princeton, BC, held by 75%/25% JV with Universal Copper Ltd. Damara’s Board of Directors is seasoned in the mineral exploration industry with extensive and successful international experience.

   

ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA

 

“Larry Nagy”

 

Larry Nagy, Chief Executive Officer

 

For additional information visit Damara’s website at www.damaragoldcorp.com or contact:

 

Damara Gold Corp.

Larry Nagy

Chief Executive Officer

Ph: (250-241-5692)

Disclaimer for Forward-Looking Information

This news release contains statements that constitute “forward-looking Information”, as such term is used in applicable Canadian securities laws.  Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

 

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

 

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Companys ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR website at www.sedar.com.

 

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF DAMARA AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE DAMARA MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

 

Copyright (c) 2022 TheNewswire – All rights reserved.

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Today’s News

Silver Elephant Clarifies its OTCQX Trading Symbol as SILED until February 14th, 2022

VANCOUVER, BC / ACCESSWIRE / January 21, 2022 / Silver Elephant Mining Corp. ("Silver Elephant" or the "Company") (TSX:ELEF)(OTCQX:SILED)(Frankfurt:1P2N)…

VANCOUVER, BC / ACCESSWIRE / January 21, 2022 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX:ELEF)(OTCQX:SILED)(Frankfurt:1P2N) wishes to make a clarification concerning its news release dated January 17, 2022.

The trading symbol for the Company’s common shares on the OTCQX has changed to “SILED” until February 14, 2022, which is 20 business days after trading commenced in the Company’s common shares on a post-Arrangement and post-Consolidation basis on the TSX. As of February 15, 2022, the Company’s trading symbol will revert back to “SILEF”. The January 17, 2022 news release incorrectly stated that the trading symbol would be changed to “SILEFD”.

In addition, the Company is pleased to announce that it has appointed Cindy Waterman as its new Corporate Secretary, replacing Flora Lo. Ms. Waterman was most recently the Corporate Secretary for Teranga Gold Corporation until its acquisition by Endeavour Mining Corporation.

About Silver Elephant

Silver Elephant Mining Corp. is a premier silver mining and exploration, and owns 39% of Battery Metals Royalties Corp.

Further information on Silver Elephant and Battery Metals Royalties can be found at www.silverelef.com and www.royalbatt.com

SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
“John Lee”
Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
[email protected] www.silverelef.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Silver Elephant Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/685012/Silver-Elephant-Clarifies-its-OTCQX-Trading-Symbol-as-SILED-until-February-14th-2022


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