April 15, 2021
6 minutes of reading
This story originally appeared on PennyStocks
3 penny stocks to watch for trading higher than they are today
Many penny stocks showed upside action in April. While the market is having bad days, investors look hopeful for the future. Some of this may be due to the recent positive pandemic updates. In the United States, COVID cases have declined rapidly over the past month alone. This is partly due to the millions Vaccine dose has been dispensed.
According to the most recent data, 36% of the population has received at least one dose of the vaccine. Therefore, many people believe that the economy can recover in the coming months. In addition, factors such as stable retail quantity and low unemployment rate, shows that the future may be bright. As a result, many penny stocks are increasing in value.
If you’re looking to invest in penny stocks, there are a few options. While you can purchase of stocks under $ 5 Through many brokers, traders have recently turned to newer platforms. This includes things like Robin Hood hero and WeBull. In the past, buy and sell stocks It’s a pretty tedious process for non-institutional investors. However, the proliferation of easy-to-use brokers and social platforms like Reddit has increased the number of retail merchants out there.
And while these platforms are easy to use, they generally don’t allow access to the OTC or over-the-counter marketplace. This is where a majority of penny stocks reside. While searching stocks under $ 1 Probably challenging on Robinhood, there’s a lot of them out there for a closer look.
Before you dive into penny stocks, be aware that they can be more volatile than blue chips. While it depends on the sector, in general, stocks below $ 5 and especially those below $ 1 can carry a high risk profile. That being said, there is a lot penny stocks for viewing April 2021. With this in mind, here are three that posted major movements on April 15.
Penny shares to buy for under $ 1
ToughBuilt Industries Inc.
ToughBuilt Industries is a company that has been doing a lot of business from speculation over the past few days. Before we find out why; Let’s talk about what the company does. ToughBuilt is a manufacturer of home improvement items and construction related products. It offers everything from tool belts and tool bags to storage solutions, saws, etc.On March 26, the company released an update that is likely to affect delivery volumes. its translation of the day.
This update comes when ToughBuilt announces its 2020 financial results. In the results, TBLT posted revenue growth of 106% to $ 39.4 million. In addition, its gross profit increased 162% to $ 14.7 million. This compares to $ 5.6 million in the previous year. Both of these numbers represent sizable gains and suggest that the fundamentals could really drive its recent price action.
“ToughBuilt has demonstrated strong team-based fundamentals, customer relationships, balance sheets, a commitment to research and development, and ongoing customer service.”
ToughBuilt CEO Michael Panosian
This year, Toughbuilt is focusing on building global product lines and distribution. It aims to offer a wide variety of new and innovative equipment and products.
Although TBLT dropped in value on April 15, this balance sheet could have greater long-term significance. It is common to see a stock go up or down very quickly on the balance sheet date. Given its pretty good numbers, the TBLT stock may be worth a look in the coming days.
Great Panther Mining Ltd.
If you invested in the market in 2021, you may have seen the solid performance of the mining industry. During that time, many penny mining stocks, such as GPL, have increased in value.
One of the factors driving this is the increasing prices of gold and silver. Because of lingering inflation fears, investors have turned to safe-haven assets such as precious metals. This includes gold and silver. As we turn into April, many mining stocks are continuing to maintain this momentum.
Great Panther Mining is a perfect example of a solid dynamics with mining stocks right now. The GPL operates as a mining and exploration company based in Canada. It explores and mines gold, silver, lead, copper and zinc ores at its facilities. While it does mine non-precious metals, its main focus is on gold and silver. Therefore, it is not surprising that GPL shares have risen with the precious metals industry.
On April 13, Great Panther reported Q1 2021 production results. In the report, the GPL showed solid growth in its mining operations. It is also involved in some major advances that have allowed it to virtually avoid pandemic-related damage. With these results, Great Panther is on track to meet recommended guidelines for 2021.
While production numbers were low in the first quarter of the year, it was all on the company’s roadmap. “The first quarter is scheduled to be a low production quarter due to the impact of the production drop,” the company stated. Production is expected to increase QoQ for the remainder of the year as mining shifts to lower banding industries ”.
When this was announced, GPL shares spiked during intraday trading. Although it has dropped slightly again, this appears to be the result of a natural correction. On April 15, the GPL started to have positive momentum again. During the trading day, GPL increased nearly 3% to 0.79 USD / share. With this exciting news, is GPL stock worth a watch?
Castor Maritime Inc.
Castor Maritime is a transport company that works with dry bulk cargo. This includes everything from flour to building materials and more. During the pandemic, companies like Castor have risen a lot. Its recent growth, however, can be attributed to three distinctive factors.
First, on April 5, it announced the price of a registered $ 125 million direct sale. It will issue 192.3 million common shares at a price of $ 0.65 per share. This is always interesting as it helps bring in new capital for potential business expansion. In addition, it can help investors feel more comfortable with corporate balance sheets.
On Monday, April 9, Castor announced that it had purchased a 2011 Japanese-built Panamax cargo ship from a third party for $ 18.48 million. This is big news for the company as it shows it is expanding its fleet. The company is currently focusing on bringing in as much business as possible. This is where the ship acquisition comes in.
Finally, on April 14, Castor announced the deliveries of M / V Magic Twilight and M / V Magic Thunder. These are two dry bulk carriers built by Korea and Japan. Again, this will help increase its fleet size and carrying capacity. While these updates may seem small, they provide solid insights into what Castor is doing right now. Considering this, is CTRM worth a look?