What Are the Top Penny Stocks with the Biggest Movement?
Max MullenPenny stocks are low-priced stocks that typically trade below $5 per share. These stocks offer investors the potential for significant gains, but they can also be high-risk investments. In this article, we will discuss the top penny stocks with the biggest movement in recent months.
1. Zomedica Corp (ZOM)
Zomedica is a veterinary diagnostic and pharmaceutical company that focuses on developing products for companion animals. The company's stock has seen a significant increase in trading volume in recent months, driven by positive news about its product pipeline. In February 2021, the company announced that it had received regulatory clearance to market its diagnostic platform for canine adrenal and thyroid testing. This news caused the stock to surge, and it has continued to trade at elevated levels since then.
2. Sundial Growers Inc (SNDL)
Sundial Growers is a cannabis company that produces and distributes cannabis products for both medical and recreational use. The company's stock has been volatile in recent months, driven by changes in the regulatory environment for cannabis. In February 2021, the company announced that it had entered into an agreement to acquire Inner Spirit Holdings, a Canadian cannabis retailer. This news caused the stock to surge, but it has since declined as investors have become more cautious about the future of the cannabis industry.
3. Express Inc (EXPR)
Express is a fashion retailer that operates stores in the United States and Puerto Rico. The company's stock has been volatile in recent months, driven by changes in consumer spending patterns. In February 2021, the company announced that it had entered into an agreement to sell its corporate headquarters in Columbus, Ohio. This news caused the stock to surge, but it has since declined as investors have become more cautious about the future of the retail industry.
Investing in penny stocks can be a high-risk, high-reward proposition. These stocks are often subject to rapid price swings, driven by changes in market sentiment or news about the underlying companies. To mitigate the risks of investing in penny stocks, it is important to do your research and only invest money that you can afford to lose. It is also important to have a clear investment strategy and to stick to it, even in the face of market volatility.
In conclusion, the top penny stocks with the biggest movement in recent months are Zomedica Corp, Sundial Growers Inc, and Express Inc. These stocks offer investors the potential for significant gains, but they are also subject to high levels of volatility. To invest in penny stocks successfully, it is important to do your research and to have a clear investment strategy.
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