Trading Penny Stocks? Top Stock Market News for March 10th, 2022
Buying Penny Stocks Today? Here’s What You Need to Know
With another day of volatile trading set for penny stocks and blue cups, there is a lot for investors to know. In the past few trading days, we have seen both substantial gains and big losses for penny stocks.
But, with so much news hitting the stock market constantly, it is paramount to stay as up-to-date as possible with what is going on. Considering that, let’s take a look at what you need to know about trading penny stocks today.
What You Need to Know About Trading Penny Stocks Today
Today, stock futures began a selloff on Thursday morning after an inflation report came out stating that prices had increased yet again. While this is not unexpected, the data is cause for more volatility in the stock market.
In addition, talks about a cease fire in Ukraine stalled as the price of oil continued to climb with Treasury yields doing the same. During premarket, we saw many energy stocks climb substantially. This includes Indonesia Energy Corp. Ltd. (NYSE: INDO) and others. So, with that in mind, let’s take a look at three penny stocks that are gaining during trading right now.
3 Penny Stocks Gaining During Trading Right Now
Camber Energy Inc. (NYSE: CEI)
In the past five days, shares of CEI stock have shot up by over 64%. This does not include its over 9% gain during premarket trading today. And in the past month, CEI stock has exploded by over 98%. This is a major gain and reflects the overall bullishness of the energy sector right now.
Last year, we saw shares of CEI stock spike significantly as it was heavily mentioned on Reddit and other social media platforms. This resulted in a triple digit gain for the energy penny stock in a short time frame. However, as a player in both the fossil fuel and renewable energy, CEI is ripe for opportunity as the price of oil continues to shoot up. With that in mind, will CEI be on your list of penny stocks to watch?
Enservco Corp. (NYSE: ENSV)
Another sizable premarket gainer is ENSV stock. By early morning, shares of ENSV had shot up by over 39% to more than $4.20 per share. This is a sizable uptick and reflects similar sentiment to Camber Energy. In the past five day and one month period, shares of ENSV stock have exploded upward by more than 130% and 400% respectively.
These massive gains are highlighted by the energy industry as a whole and the sizable speculation surrounding ENSV stock. With no recent news from the company, it’s clear that investors betting on ENSV are excited about the oil and gas industry right now. With that considered, do you think ENSV is worth adding to your penny stocks watchlist?
Imperial Petroleum Inc. (NASDAQ: IMPP)
IMPP stock is a penny stock that we have covered numerous times in the past few months. And with a 14% gain during premarket today, it is another energy stock that is pushing up. In the past five day and one month periods, shares of IMPP have shot up by over 100% and more than 690% respectively.
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These are incredibly substantial gains and have brought shares of IMPP stock from under $1 to over $5 as of yesterday. The most recent news from the company came a few days ago when it announced that it would be acquiring two new tankers. But aside from this, the momentum for IMPP stock is similar to the other two energy penny stocks mentioned here. Considering this, is IMPP stock worth buying right now or not?
Which Penny Stocks Are You Watching?
Finding the best penny stocks to buy can be tricky. However, understanding exactly what is going on in the stock market and how to take advantage is crucial. This means staying up to date with the news and latest market events, and knowing how these will impact your portfolio. With all of that in mind, which penny stocks are you watching right now?