4 Penny Stocks To Watch Heading Into March 2021
March is quickly approaching, and investors are on the hunt for the best penny stocks to watch. While the last week of February is not off to a great start for blue-chip stocks, many penny stocks continue climbing. In the past few weeks, we’ve seen much more volatility on a daily basis.
This is symbolic of the various geopolitical and economic factors occurring both in the U.S. and abroad. As much as we like to think that trading is done with fundamentals, emotions will always come into play. This means that speculation will remain a factor to keep in mind. It will also likely contribute to greater volatility.
It’s best to narrow down a watchlist to companies based on your market strategy with penny stocks. Are you looking long-term, or are you looking for more of a short-term trade? Also, investors should always consider what is going on in the world and how it may affect the stock market. Right now, we see bullish sentiment among a variety of industries. While volatility is at a very high level, investors can learn to use this to their advantage. With all of this in mind, let’s take a look at four penny stocks to watch heading into March 2021.
Penny Stocks to Watch, March 2021
Taseko Mines Ltd.
Taseko Mines is a penny stock that has been at the top of mind for many investors this year. Since early January, shares of TGB stock have climbed by around 50%. This seems to be a common theme amongst many mining penny stocks. Back at the beginning of last year, most mining operations around the world came to a halt. This was obviously due to the effects of the pandemic.
But, as time went on, operations began to resume slowly. Now a year or so after the pandemic began, many mining companies have resumed operations fully. The recent bullish sentiment surrounding TGB seems to be due to its plans to release its year-end 2020 financial results. The company states that it will be doing so on February 24th. This is always exciting for investors, as it allows insight into what a company is doing.
Ahead of this, let’s take a look at what Taseko has been up to in the past few weeks. This month, the company announced that it had completed a $400 million offering of aggregate senior debt notes. Stuart McDonald, President of Taseko, states that “this bond refinancing upsize has significantly strengthened Taseko’s financial position and lowered our cost of capital. We now have a cash balance of approximately $200 million and no significant debt maturities until 2026. With the majority of the required funding for our Florence Copper project now in hand, we are moving forward with final design engineering of the commercial production facility.”
With more attention on metals and mining stocks, TGB has continued turning heads. As the 24th approaches, it will be interesting to…