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3 Penny Stocks To Watch With Big Volume; 1 Up 685% This Quarter $TROV $SNNA $HMPQ $CLSI

penny stocks to watchThe interest surrounding penny stocks revolves around the idea that investors can see large profits in short spans of time. Learning how to buy penny stocks can be difficult at first.

However, the more practice and research you do, the easier it is and the more profits you can earn. Though it isn’t something you can learn overnight, the basics of penny stocks aren’t that difficult to understand. There are many of these outlined in the article: How To Make Money With Penny Stocks.
Since penny stocks are traditionally risky, it’s important to locate stocks that match your trading style.  Typically, stocks that are in a channel, have strong volume, and have penny stock news are sometimes the strongest. Here is a list of some hot penny stocks to watch on the last day of the third quarter.

Penny Stocks To Watch #1: Clancy Systems International Inc. (CLSI)

The first company on this list of penny stocks is a technology company. Clancy Systems International Inc. (CLSI Stock Report) main business operations revolve around creating electronic ticket issuance systems. The company has been innovating the industry behind its Vehicle DNA technology. Writing citations has never been made easier, all it takes now is a picture of a vehicle’s license plate.

penny stocks to watch Clancy Systems International (CLSI)
The company’s stock has been soaring since September 25th. CLSI stock is up over 55% on September 30th alone. In total it’s up almost 300% since the 25th. This move occurred after Clancy Systems released its Form 10-K after failing to do so from years past. In addition to the gain, this tech penny stock has been trading with abnormal volume levels during this time frame.

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It will be interesting to see what happens next as this penny stock still has a “Stop Sign” listed on the OTCMarkets website. What this signifies is a company that has failed to report financials for a long time. However, based on this fact, it will be something to watch as they’ve appeared to be trying to get things caught up. Needless to say, CLSI is up over 680% since early July.

Penny Stocks To Watch #2: HempAmericana Inc. (HMPQ)

Marijuana and CBD companies have been breaking onto the scene over the last few years. Some companies like HempAmericana Inc. (HMPQ Stock Report) are looking to get in on it. The company has a CBD extraction and processing facility. It boasts a CO2 extraction system, chromatography refinement technology, and an automatic CBD bottling system.

The cannabis stock has increased over 15% while trading with almost triple its average volume. HMPQ stock opened at $0.0051 and has climbed all the way to $0.0059. Recently, the company was on a podcast and revealed that it is close to distributing its product. The company’s CEO, Salvador Rosillo, also stated the company is seeking capital to finalize its distribution stage.
This is one of the things to monitor with penny stocks. Short term spikes are great but looking at the bigger picture to see previous trends is a good rule of thumbs as well. You’ll see a number of professional traders mentioning past events when determining the best route to trading certain stocks. HMPQ stock is up right now, which is good for those who bought it lower. However, will this move be sustained or short-lived?

penny stocks to watch Hempamericana (HMPQ)

Penny Stocks To Watch #3: Sienna Biopharmaceuticals Inc. (SNNA)

Biotechnology companies have been making waves around the world, especially in penny stock circles. One such company is Sienna Biopharmaceuticals Inc. (SNNA Stock Report). Sienna Biopharmaceuticals’ primary treatment focus is inflammatory diseases affecting human skin. The company currently has 3 treatments undergoing clinical trials, with its lead candidate, SNA-120, entering Phase 3.

This biotech penny stock has blown up during September 30th’s trading hours. The stock jumped nearly 90%. Since then, Sienna is holding a 60% gain and has traded 23 million more shares compared to its average. Over the last 10 trading days, the stock has had abnormal volume levels due to the stock getting cheap.

But it’s important to note that despite this short-term rise, SNNA stock is down incredibly this year. Similar to HempAmericana, it’s important to realize that there’s still a long road to go if a penny stock can recover to previous levels. In any case, this is why it’s vital to distinguish different strategies between penny stock trading and penny stock investing. Traders will be in a trade for a few days, investors will likely hold for months or years.

penny stocks to watch Sienna Biopharmaceuticals (SNNA)

Penny Stocks To Watch #4: TrovaGene Inc. (TROV)

The final company on this penny stock list is another biotechnology company. TrovaGene Inc. (TROV Stock Report) focuses on precision cancer medicine to create treatments that attack cell division. This is primarily to treat patients with leukemia, lymphoma, and solid tumor cancers. The company currently has 3 ongoing clinical trials.

penny stocks to watch Trovagene (TROV)
TrovaGene recently announced positive data regarding its Phase 1b/2 study for Onvansertib. The data showed a strong correlation between biomarker positive patients and treatment response. As a result, the biotech penny stock is up 11% with very strong volume. The stock increased by as much as 24% earlier.

* This article was originally published here

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