Top Penny Stocks For Your List Today? Check These 4 Out

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4 Penny Stocks to Add to Your Watchlist Right Now 

With so many penny stocks to buy in 2021, how can investors have the best chance at making money with small caps? Well, there are a few things for all investors to keep in mind right now. 

First and foremost, we have to understand that while the pandemic may be lessening in severity, the effects of Covid are still being felt. This includes inflation and the resulting shortage of goods around the world. In addition, we are seeing a sizable economic and jobs recovery occurring right now. This has been a major benefit to penny stocks, as bullish sentiment has filled the market. 

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Right now, we continue to see major indexes hit all-time highs. This is a great sign in the present, however, it is something to be wary of in the long term. With all of this in mind, we see that investing in penny stocks in 2021 is not for the faint of heart. However, it can be profitable with the right strategy and information by your side. All things considered, here are four top penny stocks to watch right now. 

4 Top Penny Stocks to Watch in November 2021 

  1. SOS Limited (NYSE: SOS
  2. Electrameccanica Vehicles Corp. (NASDAQ: SOLO
  3. Iterum Therapeutics plc (NASDAQ: ITRM)
  4. Surgepays Inc. (NASDAQ: SURG

SOS Limited (NYSE: SOS)

SOS Limited is a tech penny stock that offers analysis and data mining services. We’ve been discussing SOS stock for quite some time due to its role in the blockchain and crypto industry and its other business offerings as well. SOS offers technology, solutions, and marketing for insurance companies, EMS, health care info portals, and more. It also offers the SOS cloud emergency rescue service software as a service platform. This platform offers medical rescue, auto rescue, life rescue, and more. As you can see, one side of its business operates in the emergency rescue sector, and the other side has expanded heavily into blockchain. 

On October 18th, SOS announced the lease of a new office in Manhattan, New York. This will be the company’s American headquarters for the wholly-owned subsidiary SOS Information Technology New York Inc. The company has been trying to expand its global reach, and this new lease will help to reach its goal. This facility will encompass blockchain R&D activities, business development, management, and more.

“We are committed to further expanding our blockchain technology business in countries outside of mainland China. As we move forward into our next stage of growth, this office in Manhattan will serve as headquarters for our North America Operations for our blockchain R&D business.”

CEO of SOS Limited, Mr. Yandai Wang

In its YTD chart, shares of SOS stock have climbed by around 54% which is no small feat. Considering all of this information, does it deserve a spot on your penny stocks watchlist?

Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

Electrameccanica Vehicles Corp. is a penny stock that has climbed by over 20% in the past month. If you’re not familiar, Electrameccanica is an EV company, working on the production of alternative electric vehicles. Currently, the company is developing the Tofino, which is an all-electric two-seater electric vehicle. It is also developing another electric vehicle called the SOLO, which is a single-seater car aimed at the short-distance commute market. Electrameccanica is involved in the development, manufacturing, and sale of these vehicles through its retail locations and its website.

From November 2nd to November 5th, Electrameccanica showed its electric vehicles at the SEMA show in Las Vegas. The SEMA show is one of the largest automotive conventions in the world, showing off the latest products and innovations in the segment. The company displayed a regular version of its SOLO EV, as well as two custom SOLO EVs.

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Before the event, the CEO Kevin Pavlov said, “We intend to showcase our flagship EVs to SEMA attendees, illustrating where electrification is steering the future of their industry. I look forward to this exciting opportunity to further enhance our brand visibility amongst the largest players in the industry, helping to create sustainable, long-term value for our shareholders.”

 Right now, there is a major emphasis on anything having to do with electric vehicles. As we inch toward a greener future, investors continue to look for companies that could have an expanding role. And while we don’t know how large SOLO could become, we do know that its electric vehicles are showing promise to change the way we travel. Noting this info, will SOLO be on your penny stock watchlist?

Iterum Therapeutics plc (NASDAQ: ITRM)

Iterum Therapeutics plc is a biotech penny stock that has climbed by around 10% in the past month. This company produces a range of anti-infectives for multi-drug-resistant pathogens. Iterum is involved in the research and development of these products and continues to innovate in the sector. One of its products is sulopenem which is in Phase 3 clinical trials to treat urinary tract infections and intra-abdominal infections.

On November 12th, Iterum Therapeutics will be providing a business update. On the same day, Iterum will report its third-quarter financial results for 2021. This will take place before the U.S. markets open on Friday, and a conference call will follow shortly after. This is the next significant update for Iterum that investors should look out for. 

In the past few trading days, we’ve seen higher than average volume with ITRM stock. This could be the result of anticipation regarding its upcoming results, but it does show increased popularity with ITRM stock right now. With this in mind, is ITRM stock a contender for your list of penny stocks to watch right now?

SurgePays Inc. (NASDAQ: SURG)

Another penny stock that is pushing up right now is SURG stock. By early morning trading, shares of SURG had shot up by over 22% bringing its one month gain to a staggering 3,100% which is the result of a stock split and its uplisting to the NASDAQ. Today, the fintech company announced that its Emergency Broadband Benefit Program could show accelerated revenue.

“We continue to surpass our internal projections on subscribers and expect to eclipse the 15,000-customer mark in November, representing $750,000 in relatively higher-margin recurring revenue every month.

Following our recent equity raise of nearly $20 million in gross proceeds, we now have available capital to ramp up the SurgePhone customer count while taking advantage of multiple growth initiatives and better execute on things in our pipeline.”

The CEO of SurgePays, Brian Cox

This is exciting news for the company, and should add to its other verticals. Aside from this, SurgePays operates in blockchain, financial services, and more. So, as a relatively broad company working in several interesting markets, does SURG stock deserve a spot on your watchlist?

Are Penny Stocks Worth Buying or Not?

Finding the best penny stocks to buy can be challenging in 2021. But, with so much information out there, investors can make money with penny stocks. Considering that there is a substantial number of events that are impacting stocks right now, we see that there is also an opportunity to capitalize on the market momentum. 

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But, this takes a commitment to research and understanding where the value could be. With all of that in mind, do you think that penny stocks are worth buying or not?