2 Marijuana Penny Stocks to Watch

best marijuana penny stocks

Investing in penny stocks can often prove to be highly rewarding and if the stock in question belongs to a high growth sector then the chances of a significant return rise manifold. When a sector is still nascent then there is always a chance for smaller companies to grow.

penny pot stocks

That opens up an opportunity for those who want to invest in penny stocks. One such sector is the marijuana sector. It’s only a few years old and there are still plenty of small companies that have the potential to turn into large ones. Here is a look at two marijuana penny stocks one should track.

Marijuana Penny Stocks to Watch #2 OrganiGram Holdings

The first company to consider in this regard is OrganiGram Holdings Inc. (OGI), which has remained under the radar over the past months despite making some very impressive moves as a business. One of the more important factors in favor of OrganiGram is the fact that it is the only major marijuana grower in Eastern Canada.

marijuana penny stocks

That could give it the chance of dominating that market. It is interesting to note that despite the lower population, it has a higher percentage of marijuana consumers when compared to the Canadian national average.

Additionally, the company’s production capabilities are set to be enhanced. OrganiGram expects that it will be able to produce 100,000 kilos a year when at full capacity. The company claims that it’s going to yield 250 grams per square feet. This is significantly higher than the 75 grams per square feet that is being produced by most of its rivals. The legalization of edibles and other derivatives in Canada later on this year is another opportunity that could fuel the next stage of growth for OrganiGram.

5 Penny Stocks To Add To Your List In October

Marijuana Penny Stocks to Watch #2 MediPharm Labs

The other promising company in this respect is MediPharm Labs (LABS) (MEDIF), which has a lot of potentials and is involved in a very specialized space. The company is involved in processing and packaging hemp or marijuana extracts for other companies, which are then used for other purposes. MediPharm has become one of the leaders of that particular industry and has locked up some lucrative contracts with some of the leading marijuana producers.

It has inked a contract with plenty of producers, but its most significant contract is with Cronos Group. It has an 18-month deal in which it will supply Cronos with $30 million worth of concentrates and there is an option to double it to $60 million over a two year period as well. It started is extraction services only last November and has already become an industry leader.

Top Penny Stocks To Watch This Week

Investing in penny stocks can be risky. However, the bigger the risk the higher the reward, as they say. The goal is to buy penny stocks at the lowest price possible as to make a profit and sell as it goes up in value. Penny stocks are usually priced at $5 or less. So if you purchase a lot of said stock at a low price, it could go up in value. As a result, if you sell it you could potentially make money.

The Difference Between Penny Stocks and Blue Chip Stocks

Penny stocks are different than blue-chip stocks like Apple or Google.  If you think about penny stocks most are considered over the counter opposed to larger stocks trading on exchanges like Nasdaq or the New York Stock Exchange. It is crucial to research the companies you want to invest in because many could be hiding their financial information. If you can figure out the companies that are on the come up and have high earnings you could receive a high reward.

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But here is the beauty of penny stocks. Despite the risks, if you can stomach the volatility, you may have a shot at this wild west style market. Many penny stocks to watch will see monstrous breakouts; sometimes within the matter of a few hours. This having been said, let’s take a look at the following list of penny stocks to watch that are trading under $3 right now:

4 Penny Stocks To Buy For Less Than $3

What Are The Best Penny Stocks To Watch For September 23?

No one can predict the future. And in the penny stocks space, that couldn’t be truer. The fact of the matter is that penny stocks are incredibly volatile. The thought for most new investors is that these cheap stocks are lottery tickets and “if I make money, I’ll hit it big.”

That couldn’t be further from the truth. Penny stocks, just like any equity, carries its own risks. Also, as with most investments, there are plenty of methods to go about trading in order to have a better win rate.

To find the best penny stocks, you need to look at a few things. First, make sure there’s enough trading volume in the market. Next, you need to understand the dynamics of the market itself. Are penny stocks in a bear market?

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Which sectors are favoring a bullish market? And what are some of the hot penny stocks to watch on platforms like Twitter and Facebook? Having a clear-cut approach to trading is necessary especially if you really want to make money with penny stocks. Don’t treat it like a guessing game; treat it like an investment.

In the grand scheme of it, penny stocks are usually a small portion of a portfolio. But some day traders make a living off of only trading penny stocks. These traders are likely looking at the market like an investment opportunity and not a way to “win the lottery.” There are rules in place that also help these traders place winning trades more than losing ones.

But it takes a keen eye and plenty of experience in order to achieve that. So if you’re looking for some of the best penny stocks to watch, you should start looking in the right places.  One of the main platforms to do so this month has been on PennyStocks.com. Here are some of the site’s most read articles in September:

3 Penny Stocks To Buy In September?

Top 10 Penny Stocks On Robinhood To Watch For September

3 Penny Stocks On Robinhood To Watch This Week

Money Making Penny Stocks: One Is Up Over 21,000% This Quarter

3 Penny Stocks To Watch After September News

5 Penny Stocks To Buy For Under $1 In September

In many cases, these articles highlighted trending penny stocks to watch this month with many taking off to new highs. Obviously, we want to highlight good sources of information. The site itself doesn’t make recommendations to sell or buy penny stocks, but it does break down some of the key catalysts that could be taken into consideration.

How To Know Which Penny Stocks To Buy

penny stocks to buy

Even though there’s no magic trick to it, there are ways to figure out a list of penny stocks to watch; and possibly buy. These volatile, cheap stocks are plentiful and so are the big gains that come from some of them. One of the main things to understand is what drives penny stock prices. This can be boiled down into a few different categories:

How To Look At Penny Stocks

  1. Penny Stock News – Events broadcast by the company that signify a meaningful material event for a company that could set it up for success
  2. Penny Stock Disclosures – These are forms like 8-K, 13F, 4, and even 10K/Q. These will be the things that show important company information that is mandated by the SEC to report. They don’t need to be accompanied by a news release so sometimes you won’t see why a penny stock is moving until you look deeper into its filings.
  3. Industry News – Typically we see industry news trigger certain moves for penny stocks. These can be things like legalization when it comes to marijuana penny stocks or oil rig count when it comes to certain energy penny stocks. Other things like global economic news may impact other sectors. Needless to say, if a penny stock is moving and there aren’t any filings or company news, see what’s happening in the industry
  4. Technical Trading – This is the one that may not make sense to some. Technical levels or indicators for certain stocks may trigger a directional move. This is simply based on momentum and trend indicators from a chart. More times than not, a trader buying penny stocks on technicals alone may not even know any more about a company than its 2, 3, 4, or 5 -letter symbol.penny stocks to buy.jpg

No matter the case, it’s important to understand the risks that penny stock traders take.  Within the blink of an eye, you could hit the jackpot but the same holds true for losing it all.

That’s why it’s important to understand the basics of penny stocks and learn how to enact them in your trading strategy. For those who bought some of the penny stocks in this next article, they are likely up, handsomely. But can the trend continue or is it time to sell? You decide:

5 Penny Stocks To Buy For Under $1 In September

Can You Make Money With Penny Stocks? 3 To Watch For September

The question, “Can I make money with penny stocks,” isn’t new by any stretch of the imagination. The small cap and micro cap equities are defined as stocks trading below $5 a share. Though it does make sense that penny stocks would be defined as stocks trading for pennies, certain oversight of the space designated a price of $5 or less. In any event, penny stocks are incredibly risky but for those who’ve experienced the reward, you know that the risk is sometimes worth it.

penny stocks

With a new month upon us, penny stocks will be in focus. Many new college students will be looking for extra ways to make money. Because you can buy many shares of penny stocks, the niche is appealing especially for students.

However, it’s important to note that penny stocks and day trading small cap stock can require your full attention. This being said, make sure you know the basics of investing first. Then you’ll want to understand the penny stock basics as well. Keep in mind that learning how to invest isn’t an overnight thing. It can be a lifelong learning event for most successful traders.

3 Penny Stocks To Buy (or not) For September