3 Penny Stocks For Your ‘Doge Day’ Watchlist

by | Apr 20, 2021 | BioTech Stocks, Outside Takes, Penny Stocks, Tech Stocks, Weed Stocks

What Penny Stocks Are Investors Watching Right Now?

While finding penny stocks to watch might seem difficult at first, with the right research, it’s much easier than previously imagined. With so many penny stocks to buy, how can you create the best penny stock watchlist for your investing style? While; there are two things to consider that will help to accomplish this. First, investors need to consider the events going on in the world, and how they will impact certain markets.

For example, with the pandemic still in full effect, many investors have turned to ‘reopening penny stocks’ as a way to find opportunity in the market. This includes entertainment stocks, hospitality stocks, and any others that will benefit from economic reopening. 

So as you can see, considering cause and effect will help to make your penny stock watchlist competitive with the most profitable traders out there. The second aspect to consider is a company’s financials.

This includes looking at revenue, outstanding debt, overall balance sheets, and any other information that has come out in the past few months. With penny stocks, speculation is usually very high. This is due to the price of these securities and the volatile nature of penny stocks as a whole. 

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Right now, factors such as the rise of cryptocurrencies like DogeCoin, Biden’s new policies, and the current state of the Covid pandemic, are all shifting the trajectory of certain penny stocks. Because we are living in extraordinary times, it’s important to consider these factors wholly to decide which penny stocks to buy.

Reddit penny stock traders have coined the term ‘Doge Day’ as the day that DogeCoin may see heightened attention. While April 20th or 4/20 is a holiday celebrated by cannabis users worldwide, it’s difficult to see the comparison between the two beyond it being an internet fad. While this is mostly speculative, it is something to keep in mind. With all of this considered, here are three penny stocks for your morning watchlist.

3 Penny Stocks to Watch Right Now 

  1. 22nd Century Group Inc. (NYSEAMERICAN: XXII
  2. 9 Meters Biopharma Inc. (NASDAQ: NMTR
  3. Liquid Media Group Ltd. (NASDAQ: YVR

1. 22nd Century Group Inc. (NYSEAMERICAN: XXII) 

22nd Century Group has remained a popular penny stock in the past few years. Despite its long-term notoriety, here are a few factors that are increasing its popularity right now. Before we get into them, let’s take a closer look at what XXII does.

While it is considered to be a marijuana penny stock, its operations reach far beyond this. To be completely accurate, we could consider XXII to be a biotech penny stock. It works on producing technologies that can alter the chemical makeup of certain plants. This includes cannabis/hemp and tobacco. 

On one hand, 22nd Century Group is working to genetically alter the tobacco plant, in order to produce cigarettes with a greatly reduced nicotine content. On the other hand, it is working on producing cannabis and hemp with different cannabinoid profiles and more desirable traits. It does this through genetic engineering, gene-editing, and selective plant breeding. Its reduced nicotine cigarettes could have as much as 95% less nicotine than traditional cigarettes. 

Only a day ago, President Biden announced that he would potentially introduce legislation to reduce nicotine levels in cigarettes. This could effectively lower the nation’s dependence on them. This completely aligns with XXII’s goal of producing its proprietary, less addictive cigarettes. While the timeline for this is still up in the air, this is a major factor that could positively impact XXII in the coming future. 

Additionally, several countries around the world including New Zealand, are working to advance smoke-free action plans. New Zealand recently announced that it would become a smoke-free nation by the year 2025.

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James Mish, CEO of XXII, stated that “we applaud the New Zealand government for the proactive approach they are taking to help their citizens break their cigarette addiction. We were expecting this proposal and are fully prepared to help New Zealand reach its goal.” Considering these aspects of the global tobacco industry, 22nd Century Group could be worth watching. 

Penny_Stocks_to_Watch_22nd Century Group Inc. (XXII Stock Chart)

2. 9 Meters Biopharma Inc. (NASDAQ: NMTR) 

9 Meters Biopharma is a penny stock that we’ve covered plenty of times in the past year. One of the reasons that investors tend to like this biotech penny stock is that it has a lot going on in its pipeline. This includes its NM-002 compound, which is a long-acting GLP-1 agonist that is currently in Phase 2 trials to see its efficacy in treating short bowel syndrome. 

Additionally, it produces larazotide, which is a Phase 3 tight junction regulator that is being evaluated for its potential in treating celiac disease-related symptoms. Only a day ago, the company announced a new collaboration agreement with Duke Clinical Research Institute for its short bowel syndrome program regarding NM-002. 

“Patients with SBS suffer from severe symptoms like chronic diarrhea, and many rely on parenteral support to maintain proper nutrient uptake. NM-002 has shown positive topline data to date with improvements in stool output and bowel frequency in patients, as well as the rapid onset and sustained clinical effects following the first dose. We’re excited to have the opportunity to establish this collaboration with such a renowned institute like the DCRI and integrate their expertise and resources.” 

The Chief Medical Officer of NMTR, Patrick H. Griffin M.D.

Earlier in the month, 9 Meters also announced the closing of a 34.9 million share common stock offering. This deal will bring in roughly $31.5 million in net proceeds. Offerings like these are common amongst biotech stocks, as they allow for continued operations before the commercialization of a compound. Considering its large pipeline and consistent investor updates, is NMTR a penny stock to watch?

Penny_Stocks_to_Watch_9 Meters Biopharma Inc. (NMTR Stock Chart)

3. Liquid Media Group Ltd. (NASDAQ: YVR)

Liquid Media Group is another trending penny stock right now for a few distinct reasons. While it is an entertainment company, Liquid Media engages in everything from value-added partnerships to a variety of other offerings.

Its vertically integrated global studio includes assets such as gaming, visual effects, and production services. And, it owns the intellectual property to more than 65 unique video game titles. While it is considered an entertainment penny stock, its operations span the entirety of the entertainment industry as a whole. 

Only recently, the company announced a large partnership with Atari (OTCMKTS: PONGF). If you’ve played video games in the past three decades, you’re probably familiar with Atari. It is the famed creator of Pong and many other notable games. The agreement will allow for the distribution of Liquid Media’s VOD or video-on-demand known as SlipStream, across all of Atari’s video game consoles and hybrid gaming systems. 

And, if all this isn’t enough, the company recently entered into the NFT penny stock category. This is due to its deal with Bondly, to create a wide range of gaming-focused non-fungible tokens. If you’ve read about penny stocks in the past few months, you might be familiar with NFT’s and their quick rise to popularity. 

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However, only a few companies are utilizing this new and potentially valuable technology. While it isn’t necessarily a pure-play blockchain penny stock, YVR is opening itself up to this novel industry. For this reason, investors may want to keep YVR stock at top of mind. 

Penny_Stocks_to_Watch_Liquid Media Group Ltd. (YVR Stock Chart)

The post 3 Penny Stocks For Your ‘Doge Day’ Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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