7 Trade Main Penny Shares To Watch in July 2021


8 min learn


This story initially appeared on PennyStocks

Are These Sizzling Penny Shares on Your Watchlist?

Discovering one of the best penny shares to purchase in 2021 is all about understanding the market trajectory. With so many penny shares to select from, making a choice is troublesome, to say the least. However, with the ability of the web at everybody’s disposal, this may be simpler than beforehand imagined. The perfect place to start out is by making a penny shares watchlist. It will assist to slim down your selections to solely a handful of corporations, moderately than a whole bunch. 

[Read More] 7 Prime Penny Shares to Watch That You Most likely Haven’t Heard Of

And with a correct watchlist, the analysis stage can start. This entails understanding each facet of an organization from its financials, to what makes it transfer. With all of this in thoughts, listed below are seven industry-leading penny shares to look at proper now. 

5 Penny Shares You Have to Know About 

  1. Zomedica Corp. (NYSE: ZOM) 
  2. Oxbridge Re Holdings Ltd. (NASDAQ: OXBR) 
  3. Waitr Holdings Inc. (NASDAQ: WTRH) 
  4. Envirotech Autos Inc. (OTC: ADOM) 
  5. Komos Vitality Ltd. (NYSE: KOS) 

Zomedica Corp. (NYSE: ZOM)

Zomedica Corp. is a biotech penny inventory that’s performing properly proper now. The corporate’s primary focus is veterinary well being for canines and cats. At present, Zomedica is growing and commercializing TRUFORMA which is a diagnostic biosensor platform that detects thyroid most cancers in animals. So why has ZOM inventory been going up a lot lately? On July sixth, Zomedica launched a company replace. The corporate at present expects TRUFORMA to have 5 preliminary assays to check for adrenal and thyroid problems quickly.

“Whereas the change to our gross sales construction and the delay of fT4 and ACTH actually have been sudden, we consider that these points are being addressed successfully inside and outdoors Zomedica. We have now calibrated spending to coincide with a later adoption curve than anticipated, are working cooperatively and successfully with our companion, Qorvo, and are trying ahead to delivering all the guarantees of TRUFORMA later this 12 months.”

The CEO of ZOM, Robert Cohen

ZOM has additionally been known as a “meme inventory”. Meme shares are corporations that improve in worth due to social media and their recognition on such. This has pushed the amount of ZOM a lot larger than it often could be with out the social media hype. One 12 months in the past this penny inventory was value $0.16 per share on common.

Now the corporate’s inventory value is at $0.73 per share as of July ninth. At one level in 2021, the corporate’s share costs reached above $2.60 per share indicating a excessive diploma of bullish investor sentiment. With all of this in thoughts, will ZOM make your checklist of penny shares to look at?

Oxbridge Re Holdings Restricted (NASDAQ: OXBR)

Oxbridge Re Holdings Restricted is a monetary penny inventory engaged on a number of attention-grabbing enterprise prospects. The corporate works within the space of property and casualty reinsurance. Moreover, Oxbridge actively underwrites reinsurance contracts for varied corporations. These embrace property and casualty insurance-based firms. 

OXBR inventory has skilled a whole lot of optimistic momentum in 2021 up to now. Regardless of this, not a lot information has come out of Oxbridge up to now few months. So why is OXBR inventory rising in market worth? Properly, as you could have seen, the true property market is exploding in worth proper now.

With property costs quickly rising, the value to insure stated properties goes to price extra. This can be a potential cause that OXBR inventory is performing properly and has the next quantity than its common on July ninth. One 12 months in the past, OXBR inventory was value about $1.10 per share on common. Now on July ninth, OXBR inventory is at $2.90 per share on common. Contemplating this, is OXBR inventory a contender in your watchlist this 12 months?

Penny_Stocks_to_Watch_Oxbridge_Re_Holdings_Limited_OXBR_Stock_Chart

Waitr Holdings Inc. (NASDAQ: WTRH)

Waitr Holdings Inc. is a tech penny inventory that has seen an excessive amount of momentum all through the pandemic. This firm operates platforms for cellular meals ordering and competes with among the largest names within the {industry}. The corporate’s two platforms are Waitr and Chunk Squad, and permit prospects to order meals for supply and carryout. It’s value noting that it has greater than 20,000 eating places in 700 cities on its roster as of December thirty first, 2020. 

At the beginning of June, the corporate introduced a company rebrand initiative. The corporate intends on altering its title and visible identification within the subsequent 12 to 18 months. The corporate’s CEO and Chairman Carl Grimstad stated, “This resolution to rebrand will higher replicate our identification and enterprise operations as we proceed our enlargement into new verticals exterior of the meals supply section and may enhance and improve our advertising and marketing and public relations synergies. Our three core constituents present us with a myriad of business alternatives.”

[Read More] 9 Sizzling Penny Shares to Watch For the Upcoming Week

The final replace that got here from Waitr Holdings Inc. was the June twenty second announcement stating that the corporate has added Lengthy John Silver’s to its platform. Within the final 6 months, WTRH inventory has not had essentially the most optimistic momentum, however may issues be altering for the corporate now? On July ninth, WTRH inventory is up considerably available in the market. With this in thoughts, will WTRH inventory make your watchlist this week?

Penny_Stocks_to_Watch_Waitr_Holdings_Inc

Envirotech Autos Inc. (OTC: ADOM)

Envirotech Autos Inc., previously often known as Adomani, is an electrical car penny inventory. The corporate produces zero-emissions electrical automobiles and drivetrain techniques. These automobiles and techniques are meant for business fleets. It additionally offers kits to transform gas-powered automobiles to EVs, which is a rising market proper now.

On July seventh, Envirotech acquired a $400,000 buy order from Joseph Holdings for 5 automobiles. CEO Phillip Oldridge stated, “This order is a promising begin to our FAR relationship with Joseph Holdings and we’re happy to have this chance to start offering our modern, high-quality, standard and particular purposed electrical automobiles to the Caribbean market.”

The previous one-month of momentum with ADOM inventory has been excessive to say the least. On June tenth, ADOM’s inventory value was at $0.25 per share on common. Now on July ninth, the corporate’s inventory value is over $0.38 per share. ADOM’s quantity can also be a lot larger than its market common proper now.

There are just a few attainable explanations for this. The marketplace for electrical automobiles is quickly rising in the meanwhile. We’ve all seen how corporations like Tesla Inc. (NASDAQ: TSLA) have gone up considerably up to now 12 months or so. This momentum impacts smaller EV corporations like Envirotech as properly. Whether or not this makes ADOM part of your watchlist proper now, is as much as you.

Penny_Stocks_to_Watch_Envirotech_Vehicles_Inc_ADOM_Stock_Chart

Kosmos Vitality Ltd. (NYSE: KOS)

Kosmos Vitality Ltd. is an oil and fuel penny inventory that’s rising in worth proper now. The corporate’s major focus is deepwater oil and fuel exploration and manufacturing. Its belongings are all primarily based within the Atlantic Margins, in locations like Ghana, the U.S. Gulf of Mexico, and Equatorial Guinea. This firm’s one-year progress has been very important in scale. Kosmos Vitality launched an operational replace on July fifth. The corporate offered perception on its manufacturing, growth, and exploration processes in the meanwhile.

“Kosmos had a strong second quarter, producing optimistic money circulate which diminished web debt by round $100 million, pushed by larger gross sales volumes, robust operational efficiency in Ghana and enhancing realized oil costs. We proceed to see momentum construct throughout our producing hubs with new wells drilled in Ghana and the U.S. Gulf of Mexico in the course of the quarter and the arrival of the rig for growth drilling in Equatorial Guinea.”

Chairman and CEO Andrew G. Inglis

One 12 months in the past, KOS inventory was at $1.55 per share. Now the corporate’s inventory value has reached greater than $3 per share. The oil and fuel sector has been an enormous hit in 2021, with many corporations from this sector being talked about on our website lately. With oil and fuel penny shares on the rise, will this firm make it on to your watchlist?

Penny_Stocks_to_Watch_Kosmos_Energy_Ltd

2 Extra Penny Shares to Watch Proper Now 

  1. Gaucho Group Holdings Inc. (NASDAQ: VINO) 
  2. Alset Ehome Worldwide Inc. (NASDAQ: AEI)

Which Penny Shares Are On Your Watchlist?

With so many penny shares to select from in 2021, making a choice generally is a troublesome activity. Nonetheless, with the correct data at hand, each investor might be as knowledgeable as to one of the best merchants on the market.

[Read More] Penny Shares to Purchase Now? Why Reddit Merchants Are Watching These 10

One factor to remember is that data will all the time set aside the professional merchants from these simply beginning. However, with a dedication to researching each firm in your watchlist, you might be simply as knowledgeable as one of the best traders on the market. With this in thoughts, which penny shares are in your watchlist?

Source link