3 Penny Stocks to Add to Your Watchlist Right Now
After the less than stellar trading session yesterday, many penny stocks investors are eager for a market rebound. But, to take advantage of a bullish turnaround, investors need to have a thorough understanding of what the market is doing right now, and how to trade penny stocks. These are the best ways to ensure that you have the greatest chance of finding potentially profitable penny stocks to buy.
Right now, the largest impactor on the stock market is Covid. And while the pandemic itself is impacting the stock market, the ramifications of Covid such as inflation, stimulus, geopolitical issues, and more, are all contributing as well. This means that investors need to stay ahead and work to find out as much information about the market as possible.
Any great investor will tell you that having research by your side will keep you informed and ahead of the game. And with penny stocks specifically, momentum is more often than not, driven by news or external factors. This is also known as speculation and is the driving force behind penny stocks’ movements. So, considering all of this, let’s take a look at three penny stocks to add to your watchlist right now.
3 Penny For Your Watchlist in September 2021
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
- 1847 Goedeker Inc. (NYSE: GOED)
- Alset EHome International Inc. (NASDAQ: AEI)
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
Seanergy Maritime Holdings Corp. is a penny stock that has climbed in value by almost 20% in the past month or so. If you’re not familiar, Seanergy is a company that transports dry bulk commodities by sea, such as iron ore and coal. As of February 19th, the company had 11 Capesize vessels that can carry 1,926,117 combined deadweight tons. Since February when the report was released, the number of vessels Seanergy has is substantially greater.
On September 8th, the company took delivery of its 17th Capesize M/V Worldship. This period charter will commence immediately. It has already entered a time charter with an existing charterer at a gross fixed rate of $31,750 per day for 12 to 16 months from the delivery. This vessel was purchased with cash on hand, and the company is in talks with a leading bank to finance some of the acquisition cost.
“I am pleased to announce the addition of the seventeenth Capesize vessel to our fleet and the concurrent commencement of her period employment. Including this delivery and the sale of the M/V Leadership, 94% percent of our fleet is employed under period time charters, 87% of which are index-linked T/Cs. This allows us to fully utilize our fleet in order to capitalize on the robust market rates.”
CEO of Seanergy, Stamatis Tsantanis
In other recent news, Seanergy just presented at multiple conferences such as the 20th Annual Marine Money Week Asia. Keeping…