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3 Hot Penny Stocks to Watch

Covid-19 has struck blue chips and penny stocks the hardest, in line with the general business climate. The Delta variants again dominated headlines in the most recent quarter, a sign that the virus hasn’t been entirely eradicated.

Recent events have caused volatility and uncertainty to rise. Blue-chip stocks have remained flat in recent weeks as stock prices under $1 have been quite volatile. Since penny stocks do not play by any rules, making intraday profits is relatively easy.

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While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

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Stocks under $1 are considered speculative investments due to their volatility, so investors typically view buying them as a strategy to profit from potential market movements.

The volatility of penny stocks must be understood, since penny stocks are always risky investments because they are unpredictable.

In order to make an investment decision, research in the relevant areas should be conducted. It is possible to make good money investing in penny stocks if you understand their fundamentals and metrics. Here’s some stocks under $1 you may consider.

Sundial Growers Inc. (SNDL) started the day trading at $0.69 and recorded an intraday high of $0.71. It also recorded an intraday low of $0.6441 during Tuesday’s trading session. Sundial Growers Inc. is a very active stock that recorded a trading volume that is less than -117.83% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 181.99 million, which is less than -117.83% of the total average daily trading volume of 181.99 million.

SNDL stock gained 4.00% during the last week and rose 0.76% over the last one-month period. Shares of this company’s stock fall -20.76% throughout the last quarter. Within the last six months, the stock has decreased -20.67%, with a full-year gain of 257.20%. At the time of writing, this stock’s year-to-date (YTD) price performance is now positive at 45.60%.

United States Antimony Corporation (AMEX: UAMY) started the day on 10/19/21, with a price decrease of -1.04% at $0.89. During the day, the stock rose to $0.95 and sunk to $0.87 before settling in for the price of $0.89 at the close. Taking a more long-term approach, UAMY posted a 52-week range of $0.31-$2.56.

United States Antimony Corporation’s return on equity, or ROE, is -13.70%, compared to the industry average of -13.62% for Basic Materials – Other Industrial Metals & Mining. Although this indicates that UAMY uses its equity well, the metric will vary significantly depending on the industry.

BIOLASE Inc. (NASDAQ: BIOL) is currently trading at around $0.60, a price level that means its value has jumped 129.46% higher than its 52-week low. In intraday trading, biol shares have hit a high of $0.61 and a low of $0.575. The last 52 weeks have seen the company’s shares touched a high of $1.51 and a low of $0.26, while recent trading session has witnessed an intraday change of just 2.88%.

Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, BIOLASE Inc. (NASDAQ:BIOL) stock is found to be 4.38% volatile for the week, while 4.39% volatility is recorded for the month. The outstanding shares have been calculated 150.66M. Based on a recent bid, its distance from 20 days simple moving average is -5.07%, and its distance from 50 days simple moving average is -10.64% while it has a distance of -23.42% from the 200 days simple moving average.

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