With another week upon us, which penny stocks are investors watching right now? Well, after a week of some wild trading, there are plenty of penny stocks showing bullish potential as we head into the first week of July. And in order to find those, we need to consider what is going on in the world and how it may affect the entire list of penny stocks.
For one, the spread of the Delta variant of Covid is worrying some investors about worldwide progress on the pandemic. However, this is turning attention to industries such as biotech, mining, and certain safeguard penny stocks. But, as research is showing, the majority of vaccines still have high efficacy against this variant, indicating that we still could be on a path to progress.
Additionally, investors should consider the fears of long-term inflation, combined with a heavy focus on cryptocurrency right now. These two factors could play into both short and long-term strategies for trading penny stocks. With all of this in mind, let’s take a look at seven penny stocks for your small-caps watchlist right now.3 Penny Stocks to Watch Right Now
- Marin Software Inc. (NASDAQ: MRIN)
- United States Antimony Corp. (NYSE: UAMY)
- Safe Bulkers Inc. (NYSE: SB)
Shares of MRIN stock have been surging in recent sessions following a major announcement made last week. Up as much as 37% in pre-market on June 28th, MRIN stock has shot up by over 139% in the past month alone. Last Wednesday, Marin Software, the leading digital marketing software for advertisers, announced the integration of Instacart Ads onto its platform. These ads will be available on its flagship MarinOne software. With delivery from over 55,000 stores across the U.S. and Canada, this presents a major market opportunity for MRIN.
“Customer habits shifted during the pandemic and online grocery delivery was a big beneficiary. As the leading online grocery platform in North America, Instacart is a must-have part of digital marketing strategies. We are delighted to give advertisers on Instacart the power of MarinOne to maximize return on their investment.”CEO of Marin Software Chris Lien
This is big news and could continue to play out positively for MRIN. With this in mind, will MRIN be on your penny stocks watchlist?United States Antimony Corp. (NYSE: UAMY)
Up by around 5% in pre-market trading, UAMY is a mining penny stock that investors have been eyeing in the past few weeks. While it isn’t the largest pre-market gainer of the day, it’s on this list due to its overall potential and for diversification sake. As its name suggests, UAMY is a producer of natural resources including antimony, gold, and more. It has several facilities across the country that provide it with the opportunity to produce vast quantities of these resources.
Its latest announcement comes from this morning when the company announced an operational update for investors. This includes the hiring of Christopher Park as its new additional director. And, it also announced the first antimony metal sample for its Ambri contract. In addition to this, it posted several smaller updates regarding its mines. It’s worth noting that the price of antimony has increased substantially in the past decade or so. Because of this, the company sees a great deal of potential in the future of its market.
For those unfamiliar, antimony is used in many of the products we purchase and utilize on a daily basis. This includes more notably, batteries. Because of this, UAMY has ample exposure to the EV market, which has grown substantially in only the past few years. And because it isn’t a pure-play EV penny stock, it is not exposed to the same amount of volatility as those that are. Considering this, UAMY stock could be worth keeping an eye on for the near future and beyond.Safe Bulkers Inc (NYSE: SB)
Another penny stock investors are watching right now is Safe Bulkers Inc. The reason this is a key penny stock to look at is that it is an international provider of marine dry bulk transportation services. As quarantine comes to an end, this market for retail and bulk product shipping is beginning to reopen rapidly.
During the past year and a half, international transportation of bulk cargo had been slowed due to worldwide restrictions. Cargoes such as coal, grain, and iron ore are important materials that had become more expensive due to the scarcity of products. Investors are excited to see what the upcoming months hold for these types of reopening penny stocks.
“We continue our strategy of gradually deleveraging our Company and increasing the revolving credit facility component of our debt, which provides a greater flexibility and lower overall interest costs, targeting a lower leverage as we continue to renew our fleet with modern, energy-efficient newbuild tonnage or second-hand tonnage from leading Japanese yards that will replace older or Chinese-built vessels.”The President of Safe Bulkers, Dr. Loukas Barmparis
Considering its role in the shipping industry, SB stock looks like an interesting option for those betting on the reopening economy. And, with reopening only just beginning in the past few months, many believe heavily in the future of the shipping industry. Some similar shipping companies have reported incredibly high daily hire rates, which is encouraging for investors to consider. With this in mind, will it be on your penny stocks watchlist?4 More Penny Stocks to Watch
- Arbutus Biopharma Corp. (NASDAQ: ABUS)
- Senseonics Holdings Inc. (NYSE: SENS)
- Ashford Hospitality Trust Inc. (NYSE: AHT)
- Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP)
Making a list of penny stocks to buy is all about understanding what the market is doing right now and what it may do in the future. While it’s difficult to say where the stock market is headed, investors are hopeful that reopening will result in increased bullish interest.
And, with vaccines still showing efficacy against new variants of Covid, we could be nearing the light at the end of the tunnel. Considering this, are these penny stocks worth it or not?