4 Hot Penny Stocks To Watch As Markets Continue To Recover

Over the years, penny stocks have managed to generate enormous wealth for investors, and hence, there is almost always an interest in this category of stocks. However, at the same time, it should be noted that penny stocks can be highly volatile, and hence, proper research is necessary before making investments. On that note, here is a closer look at four penny stocks that could be worth tracking at this point in time.

Hot Penny Stocks To Watch #1 Ritter Pharmaceuticals

One of the penny stocks that made a major move on Tuesday was that of Ritter Pharmaceuticals (RTTR), and it would be surprising if it does not come into the radars of most investors. There was no material new with regards to Ritter on Tuesday, but the stock soared by as much as 88%, and hence, it could be worthwhile for investors to keep an eye on RTTR stock.

This past Saturday, the company had announced its financial results for the first quarter, and the net loss stood at $1.7 million. In the year-ago period, the net loss had been $4.7 million. The company also announced that it would hold a virtual vote on its reverse merger with Qualigen on May 14. 

Hot Penny Stocks To Watch #2 Conatus Pharmaceuticals

Conatus Pharmaceuticals (CNAT) is another penny stock that conducted to gather some momentum on Tuesday and has managed to make it to this exclusive list. The company announced its first-quarter results on May 2 and also provided a strategic update. Conatus reduced its net losses from $4.7 million in the prior-year period to $3.5 million in Q1 2020.

However, the company did not generate any revenues in the quarter. The company also stated that its takeover of Histogen should be closed by the end of Q2 2020. CNAT stock gained 39% on Tuesday.

Hot Penny Stocks To Watch #3 CohBar

Many companies have seen their stock prices soar for working on products meant for tackling coronavirus, and CohBar Inc (CWBR) was the latest company to get such a boost. On Tuesday, the company announced it is trying to find out whether its Apelin receptor agonist peptides can be used to tackle Acute Respiratory Distress Syndrome (ARDS) caused by a coronavirus.

It is a significant development for the company and caused a lot of optimism about the stock in the markets. On Tuesday, CWBR stock rallied by as much as 19%.

Hot Penny Stocks To Watch #4 Tiziana Life Sciences

To round off the penny stocks that have shown positive momentum on Tuesday, investors might consider putting Tiziana Life Sciences (TLSA) on to their watch lists. Although there was no material news this week, the rally might have been tied to the announcement made by Tiziana on April 27.

Tiziana had stated that it had applied for a patent for the combination of anti-interleukin-6 receptor monoclonal antibody and nanoparticle-Actinomycin D as a treatment for the coronavirus. TLSA stock rallied by 18% on Tuesday, and it could be worthwhile to keep an eye on the stock this week.

5 Penny Stocks Making Big Moves This Week

If one is looking to make money from investing in penny stocks, then it is also necessary to put in the hard yards and conduct thorough research behind the different stocks. The stock market at large has been quite volatile in recent times, and hence, investors need to be careful. Here is a quick look at 5 penny stocks that could be tracked by investors at this point in time.

Penny Stocks making Big Moves #1 Aurora Cannabis

Aurora Cannabis (ACB) announced its quarterly financials for the fiscal third quarter on Thursday and has come into sharp focus among investors. The company had been struggling over the course of the past months due to the high volume of losses and financial crunch.

However, in the third quarter, the company posted a net loss of $137.4 million, which is a massive improvement from the $1.3 billion loss it had posted in the previous quarter. On the other hand, sales rose by as much as 19% to hit $78.4 million. Investors could do well to keep an eye on the Aurora stock on Friday morning.

Penny Stocks making Big Moves #2 Diffusion Pharmaceuticals

Diffusion Pharmaceuticals (DFFN) has emerged as another major penny stock gainer in May so far, having gained as much as 100%. Earlier on in the month, the company announced that the United States Food and Drug Administration was going to accelerate the review of its plant for its product trans sodium crocetinate to be used for the treatment of coronavirus patients.

It is a massive development for the company, and the rally in the stock was not at all surprising. It remains to be seen if Diffusion can record further gains.

Penny Stocks making Big Moves #3 Conatus Pharmaceuticals

Investors who are looking for promising penny stocks could also consider having a closer look at the Conatus Pharmaceuticals (CNAT). On Thursday, the stock rallied by as much as 29.50%, and it is possibly linked with the publication of pre-clinical data from the HST 004 Spinal disc program from Histogen.

Back in January, Histogen had reached an agreement to merge with Conatus in an all-stock transaction, and the former is going to be spun off into a subsidiary.

Penny Stocks making Big Moves #4 ServiceSource

Despite the current volatility in the markets, certain penny stocks have managed to record gains on the back of positive news. That was the case with the stock of digital customer journey experience firm ServiceSource (SREV).

On Thursday, the company announced that it extended its association with the open-source solutions company Red Hat Inc and consequently, its stock rallied by as much as 21.50%. It goes without saying that it could be worthwhile for investors to keep a close eye o the stock this morning.

Penny Stocks making Big Moves #5 Vermillion

The fifth penny stock that could be on the radar of investors today is that of Vermillion Inc (VET), which rallied after the company published its financial results for the fiscal first quarter. Despite the challenges created by the coronavirus pandemic, the company generated revenues of $1.2 million, which reflects a year on year rise of as much as 555. It was hence hardly a surprise when the Vermillion stock rallied by 13% on Thursday.

Penny Stocks DCLT, CDTX, CNAT, BTX

DCLT- Data Call Technologies

DCLT is due for a bounce. This is an under the radar real time data technology company that has a very small float and is current. These type of stocks have a history of 1,000-3,000% gains. This is a buy low sell high play.

CDTX-Cidara Therapeutics, Inc.

CDTX is a biotech company that specializes in treatment of infections. Cidara is working on advancing its echinocandin antifungal, rezafungin acetate, in a Phase 3 clinical trial, for the treatment of candidemia and invasive candidiasis and continues to discuss with regulatory authorities its plans for the design and initiation of a second Phase 3 trial in the prophylaxis of invasive fungal infections in patients undergoing allogeneic blood and marrow transplantation. They have a presentation coming up in at the 29th European Congress of Clinical Microbiology and Infectious Diseases (ECCMID). April 13th is the date we are watching with this stock. We believe the stock price sees nice momentum going into the phase 3 results. After the results come out these are normally a gamble so we usually take profit before to manage risk.

CNAT-Conatus Pharmaceuticals

CNAT is a biotech company with the focus on treating and curing liver diseases. It currently has two fda trials Emricasan, an Oral Caspase Inhibitor and Emricasan, a Caspase Inhibitor, for Treatment of Subjects With Decompensated NASH Cirrhosis (ENCORE-LF).

The dates we are watching are: Late breaker at EASL April 13, 2019, 4:00 p.m. CEST. 48-week liver function data due mid-2019.

BTX-BioTime Inc.

BioTime is a clinical-stage biotechnology company developing new cellular therapies for degenerative retinal diseases, neurological conditions associated with demyelination, and aiding the body in detecting and combating cancer. They are currently working on Dry age-related macular degeneration. We are expecting an update April 30th at the Ophthalmology Annual Meeting.

Disclaimer: I own shares of DCLT,CNAT, BTX and CDTX. I reserve the right to buy or sell at anytime. I view these stocks as swing trades only. Everything on this page is not advice and is just an opinion. Make your own buying and selling decisions. Please do your own due diligence.