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Best Penny Stocks To Buy Now? 3 To Watch As AMC Stock Sparks Rally

Best Penny Stocks To Buy Now? 3 To Watch As AMC Stock Sparks Rally
August 24, 2021 ObadeYemi

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This myth on the starting up looked on PennyStocks

Many penny stocks had been essentially the most well-known focal level for investors this one year. To boot, the growth of apps care for Robinhood, and retail traders, have added billions of bucks in capital to the stock market.

[Read More] Hot Penny Shares to Discover With September All the procedure thru the Nook

As a consequence, volume is higher than ever and volatility is moreover surging. Whereas this could possibly possibly moreover appear frightening on the starting up, high volume and high volatility are two factors that penny stock investors admire. These could possibly possibly moreover moreover be without anguish dilapidated as an advantage once you’ve got the factual tools at your disposal. 

Meme Shares Explain

Helping bring the surge attend to retail procuring and selling momentum factual now are standard meme stocks and dilapidated penny stocks care for AMC Entertainment (NYSE: AMC), GameStop (NYSE: GME), and Koss Corporation (NASDAQ: KOSS) to title just a few. These were the genuine “short squeeze stocks” that introduced hordes of up to the moment traders into the market over the final one year.

Whereas we touched on it earlier this day within the article “5 Penny Shares That Grew to become $2,500 Into Over $29,000 In 2021 So A ways” AMC stock and varied memes surged even higher at some level of the afternoon session. This helped give a noteworthy-wanted jolt to cramped-cap stocks and penny stocks alike. With that, it’s well-known to wait on note of underlying market trends to follow the cash.

On this case, major ETFs, the Russell 2000 Miniature-Cap ETF (NYSE: IWM) is on fire heading into strength hour on Tuesday. With that, let’s stare at some hot penny stocks factual now. Will they be top names to rob heading into the leisure of the week or ought to they be averted entirely?

Finest Penny Shares to Snatch [or avoid] Fair Now 

  1. Evofem Biosciences Inc. (NASDAQ: EVFM
  2. Darkpulse Inc. (OTC: DPLS
  3. Dare Bioscience Inc. (NASDAQ: DARE

Evofem Biosciences Inc. (NASDAQ: EVFM)

Evofem is a biotech company that develops and commercializes merchandise focused at females’s sexual and reproductive health. Its major product, Phexxi, is a gel dilapidated for contraceptive options. Evofem is moreover constructing EVO100, which is an antimicrobial gel to forestall the transmission of Chlamydia and varied ailments. Right here’s a honorable market and one which Evofem is working laborious to capitalize upon. 

[Read More] Hot Robinhood Penny Shares With Excessive Quantity in August

Within the spirit of the hot earnings season, Evofem reported its 2d-quarter financial outcomes this month. By technique of ranking product gross sales, Evofem improved by 68% quarter over quarter. The corporate moreover skilled a 47% safe bigger in Phexxi prescriptions and a 52% safe bigger in its Phexxi prescriber terrifying.

“We are happy to prove tough and sustainable enhance in Phexxi prescriptions and disbursed devices within the 2d quarter. This momentum permits us to extra tempo up the growth trajectory with our celeb marketing campaign launching in early September.”

CEO of Evofem, Saundra Pelletier

Shares of EVFM had been on the upward thrust recently, pushing up by over 5% within the past 5 days. To boot, the total bullish sentiment on biotech penny stocks is riding many companies care for EVFM up factual now. Noting this files, will EVFM safe your list of penny stocks to glance factual now?

Penny_Stocks_to_Watch_Evofem_Biosciences_Inc_EVFM_Stock_Chart

DarkPulse Inc. (OTC: DPLS)

DarkPulse Inc. is a company that creates alternate options for installation, engineering, and security administration. Governments and industries globally that need tech-primarily primarily based entirely alternate options then rob these alternate options. DarkPulse is actively constructing a patented BOTDA dusky-pulse sensor technology. Its two security platforms are Fiber and Ultra-Excessive Sensitivity Sensors, which work in an identical vogue to give an excessive amount of products and services to the possibilities that it works with.

On August 20th, the corporate announced that its subsidiary Optilan obtained a security & comms contract for strength vegetation constructed by ENKA Insaat Ve Sanayi A.S. Optilan will lift communications and security programs to ENKA’s Misurata and Tripoli Easy Cycle strength vegetation in Libya. The aim of the initiatives is to fulfill the increasing demands for electricity in Libya. Right here’s a honorable deal and one which has but to fully play out for DPLS. 

We’re happy to had been awarded this contract by ENKA and follow it initiatives that crucially aid Libya’s pursuit to fulfill increased market anticipate of for electricity.”

The CEO of Optilan, Bill Bayliss

Within the past 5 days, shares of DPLS stock have shot up by over 11%. And if that appears to be like care for loads within the past month, that jumps to over 40%, and within the past six months, by over 600%. Maintaining all of this in mind, will DPLS stock safe your penny stocks watchlist?

Penny_Stocks_to_Watch_DarkPulse_Inc

Dare Bioscience Inc. (NASDAQ: DARE)

Dare is a biotech company that specializes in constructing and marketing merchandise for females’s health. Equivalent to Evofem, Dare is a company that develops therapies for contraception, fertility, sexual, and private health. One in all its merchandise is DARE-BV1 which obliging performed Fragment 3 clinical trials to treat bacterial vaginosis.

On August 12th, Dare Bioscience reported its 2d-quarter financial outcomes and moreover offered a company change. At the very pause of 2020, Dare had cash and cash equivalents of $4.7 million. Now as of June 30th, 2021, the corporate has $9.1 million in cash and cash equivalents. Between July 1st and August 10th, Dare obtained extra cash of about $25.4 million. This took space due to the gross sales of traditional stock in its at-the-market offering program.

“In accordance to our guidance, we submitted our Unusual Drug Application for DARE-BV1, a seemingly fresh first-line treatment for bacterial vaginosis, to the FDA in June. Our NDA used to be permitted for filing and obtained Priority Evaluate with a PDUFA target date of December 7, 2021.”

CEO and President of Dare Bioscience, Sabrina Martucci Johnson

With loads to seem forward to from the corporate, will DARE stock be on your list of penny stocks to glance in August?

Penny_Stocks_to_Watch_Dare_Bioscience_Inc_DARE_Stock_Chart

Are Meme Penny Shares Worth Attempting to assemble?

Whereas meme penny stocks could possibly possibly moreover moreover be slightly unstable, they gain recent heaps of opportunities for investors of all kinds. With so many circulating constantly, it can possibly possibly moreover moreover be hard to hunt out the right kind ones to your buy list.

[Read More] Reopening Penny Shares to Snatch in September? 3 to Discover

But, with the factual examine readily on hand and a dedication to gaining a procuring and selling education, buying for and promoting penny stocks could possibly possibly moreover very smartly be a obliging endeavor. Pondering this, gain you imagine that meme penny stocks are worth buying for?

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