3 Penny Stocks That Are Climbing Right Now
In the past few days, we’ve seen both penny stocks and blue chips remain incredibly volatile. While this can incite fear for some, for others, it presents an opportunity to make money with penny stocks. Now, to understand how to do that, investors need to consider everything that is going on in the stock market and how to take advantage.
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For example, the Omicron variant has continued to cause major bullishness in certain areas of the biotech sector. This is one example, but as you can see, there is always a clear cause and effect. So, if we consider this, we can begin to craft our trading strategy to match the current state of the stock market. And in 2022, investors should also be thoroughly conscious of the major volatility we’re witnessing right now and could continue to witness into the near future.
While it is tough to say what the next few weeks will look like for either penny stocks or blue chips, it is likely that more factors will come into play. So, always have a trading strategy on hand, and use it to your advantage. With that in mind, let’s take a look at three penny stocks to add to your watchlist in February.
3 Penny Stocks to Add to Your Watchlist in February
- Indonesia Energy Corp. Ltd. (NYSE: INDO)
- TAL Education Group (NYSE: TAL)
- TDH Holdings Inc. (NASDAQ: PETZ)
Indonesia Energy Corp. (NYSE: INDO)
While INDO stock is technically no longer a penny stock at over $6.45 per share, it was only a short while ago. In the past five days, shares of INDO stock have shot up by over 89%, which is no small feat whatsoever. And, in the past month, shares have climbed by almost 120%.
The majority of this momentum has occurred since the beginning of the year. For that reason, let’s take a look at why shares of INDO may be moving. Earlier in the week, the company announced an update on its 2022 drilling plans. It stated that it should commence drilling at two new wells at its 63,000 acre Kruh Block within the next month.
“We are excited that our recent financing enables us to commence drilling next month and to aggressively move our company towards a potential cash flow positive position, setting the stage for further drilling and growth for our company in 2022 and beyond. We believe Kruh Block is a world-class asset that should significantly grow our cash flow as we drill additional wells and seek to maximize returns on our investments and grow shareholder value.”
The President of IEC, Mr. Frank Ingriselli
This is all exciting news and shows that INDO stock could continue to grow. With that in mind, will it be on your penny stocks watchlist?
TAL Education Group (NYSE: TAL)
Another decent gainer of the day so far is TAL stock. By midday, shares of TAL had jumped by around 5%. While it’s tough to say with certainty why TAL stock is growing right now, we do know that shares have dropped significantly in the past few days. For that reason, the gain today may simply be a rebound following its recent bearish moves. To understand TAL Education, we have to take a look at the overall industry.
Right now, the Chinese education industry is struggling to move forward as the government recently imparted major restrictions on how these companies can function. As a result, most companies similar to TAL, have seen substantial and material drops in value in the past six months.
While some have chosen to fire tens of thousands of workers and others have decided to move into cryptocurrency, TAL Education has not made many announcements recently. And because of this, it’s tough to tell if TAL stock is worth buying or not. But, with its high volatility, there is plenty of potential for TAL to move in either direction. Considering that, will TAL be on your list of penny stocks to watch or not?
TDH Holdings Inc. (NASDAQ: PETZ)
With sizable volume on January 28th, shares of PETZ stock managed to push up by over 3.3%. While no news came out for PETZ stock today, we can look at what the company does and what its most recent announcements are.
On December 10th, the company reported its first half 2021 financial report. In the report, it posted a decrease in revenue of over 50% to $0.13 million in the first half of 2020. The company states that the reason behind this drop is Covid and its effects on supply chains, transport, and sales activities. If you’re not familiar, TDH Holdings is a provider, developer, and manufacturer of pet food products. It offers these under multiple brands, and sells them throughout China, Europe, and other parts of Asia.
With the incidence of pet adoption increasing substantially during the pandemic, we could begin to see demand for these products rise. But, investors should make sure to look at PETZ next financial results to see what to look forward to. With that considered, will PETZ be on your list of penny stocks to buy next month?
Can Penny Stocks Continue to Make Gains Next Month?
If you’re looking for the best penny stocks to buy right now, there are plenty of options to choose from. While it can be difficult given the sheer number of penny stocks out there, research will help you to deduce the winners from the losers. If we consider that there is also a myriad of factors impacting the stock market right now, we begin to see why there is so much movement with penny stocks.
The best way to make money with penny stocks is to have a thorough and well-thought-out trading strategy. This will help you to take advantage of what is going on right now and what could go on in the future. So, with all of that in mind, do you think that penny stocks can continue to make gains next month?
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