Robinhood Penny Stocks to Watch in 2021:
If you're interested in investing in cheaply priced penny stocks, which offer competitively priced shares for under $5, simply continue reading to learn about some of the best Robinhood Penny Stocks to invest in during 2021. Especially if you're looking to invest in penny stocks that could realistically double in price, in the next few years.
Penny Stock to Watch #1: Castor Maritime (NasdaqQS: CTRM)
Castor Maritime is the first of our penny stocks, and a major global shipping company that offers low-priced shares. While many of its competitors have chosen to decrease their costs as a result of the global Covid-19 pandemic, Castor Maritime has wisely chosen to invest in increasing its fleet of ships. Currently Castor Maritime is in the enviable position of being able to purchase new dry ships for its fleet at a fraction of their normal price. So that when demand increases for shipping services as the world starts to recover from the trade implications and economic implications of the Covid-19 pandemic, Castor Maritime will be in a prime position to meet the world's demand for global shipping services.
So if you're interested in investing in a cheap penny stock that is very likely to increase in price, when the world's demand for global shipping services increases again, it may be worth purchasing and holding on to Castor Maritime shares. If you require further convincing, while Castor Maritime's shares are incredibly cheap, they have increased in value by 80% since January 2021. This statistic is proof that investors believe that Castor Maritime's investment strategy will pay off in the long term, unlike other more short term investments you may come across.
Penny Stock To Watch #2: Ferroglobe (NasdaqGS: GSM)
Ferroglobe is the 2nd in our list of penny stocks, and one of the world's largest producers of metal-based products such as silicon-based alloys and manganese-based alloys. Which are used in computer chips, mines, and solar cell systems. As well as vehicle production. In recent years Ferroglobe has also invested in hydro-electrical power generation and the mining industry. Both of which are closely linked to Ferroglobe's primary business of producing in-demand, metal-based products.
One key reason to consider investing in Ferroglobe is that demand for its core products is projected to increase in the next few years. Especially as the world's demand for green energy is increasing due to societal changes and Ferroglobe produces metal products that are used in solar cell systems. Furthermore, Ferrogloe has also invested heavily into hydro-electrical power generation, which is an environmentally friendly, green form of energy.
In fact, since the new president of the United States, Joe Biden has announced a $2 trillion dollar climate agenda, which will reform numerous industries, Ferroglobe's share price has steadily increased.
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Russia is attacking Ukraine.
Stocks have been plummeting as a result.
But oil stocks – including this Texas oil player – could skyrocket.
The shutdown of a major energy pipeline to deter Russia… limited production capacity by OPEC… and Biden’s determination to rely on alternative energy in 2022 are adding up to one thing.
Biden says, “I want to limit the pain the American people are feeling at the gas pump.” But a war in Ukraine would be Kuwait 1990 all over again.
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Even as I write, Biden is announcing new sanctions.
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Penny Stock To Watch #3: First Majestic Silver Corp (NYSE: AG)
Even though it's out of the standard penny stock price range, one stock that has shown resilience in the past 12 months is First Majestic Silver Corp. A corporation that owns and operates several silver mines in Mexico. Some of which include the La Parilla Silver Mine, the San Martin Silver Mine, and the Del Toro Silver Mine. As well as the Santa Elever Mine which produces gold as well as silver.
During the past year, First Majestic Silver Corp has impressed its investors by continuing to post higher revenue statistics during each successive quarter. As many financial economists predict that First Majestic Silver Corp's quarterly results will continue to improve throughout 2021, it may be well worth investing in First Majestic Silver Corp.
If you're still unsure, another reason to invest in the First Majestic Silver Corp is that if the market becomes volatile, many investors rush to purchase precious metals such as silver and First Majestic Silver Corp's share price should increase as a result of an increase in demand for precious metals such as silver. So if you want to decrease your risk as an investor and to protect your interests in an economic depression, seriously consider purchasing First Majestic Silver corp shares.
Penny Stock to Watch #4: Solitario Zinc Corp (NYSEAMERICAN: XPL)
Solitario Zinc Corp is the 4th in our list of penny stocks, and is a zinc-focused mining and exploration company that extracts zincs from mines across North America. One of Solitario Zinc Corp's most profitable assets is its Florida Canyon mine.
One reason why so many penny stock investors have chosen to invest in Solitario Zinc Corp is that the global demand for zinc has increased as most countries around the world, including the United States, have chosen to invest in their primary infrastructure industries, through their stimulus programs for economic recovery. While other new shareholders have invested in Solitario Zinc Corp as many countries are investing in zinc to store value.
It's also well worth noting that Solitario Zinc Corp has negligible debt and has reported increased earnings for the last few quarters, which proves that Solitario Zinc corp is a relatively stable company to invest in. If you already invest in silver and gold-related investments, you may want to further diversify your investment portfolio by investing in Solitario Zinc Corp's inexpensive shares.
Penny Stock To Watch #5: Super League Gaming (NASDAQ: SLGG)
If you're an adventurous investor, you may be swayed to invest in Super League Gaming, coming in Fifth in our penny stocks list. As esports is a quickly growing industry and you may be able to make a large profit by being an early investor in the esports industry.
Think of Super League Gaming as the esports equivalent of ESPN. Super League Gaming seeks to produce and distribute high-quality esports programming and has recently signed a potentially lucrative deal with Harena Data. This partnership is significant as Hanera Data has the tools and industry experience in order to promote Super League Gaming's entertainment to fans of esports around the world.
Lastly, Super League Gaming has already been backed by a few reputable financial institutions. Examples of which include Nomis Bay Ltd and 3i. So if you want to invest in an opportunity that already has traction with large, financial institutions, you may want to experiment with investing in Super League Gaming.
Penny Stock To Watch #6: Tiziana Life Sciences (NASDAQ: TLSA)
Tiziana Life Sciences is number six in our penny stocks list, and is a biotechnology company that primarily focuses on using novel molecules to create drugs to effectively treat autoimmune diseases and inflammatory diseases. Some key examples of which include multiple sclerosis, Crohn's Disease, rheumatoid arthritis, and type 1 diabetes.
Tiziana Life Sciences has recently been trialing brand new drugs which are likely to enter the healthcare system in the near future. As an example, it has developed a promising formula that could be used to treat several liver diseases.
Another reason to invest in Tiziana Life Sciences in 2021, is that it's also testing new medications to treat and combat Covid-19. If Tiziana Life Sciences releases a new drug that can effectively treat serious cases of Covid-19, Tiziana Life Sciences' stock price is likely to skyrocket. While there are already numerous vaccinations to prevent Covid-19 such as the Pfizer vaccination and the Johnson & Johnson vaccination, Tiziana Life Science's new drug may be able to treat the long-term effects which are associated with Covid-19. As many individuals who have been diagnosed with Covid-19 and have recovered from the disease, now have serious long-term health conditions such as respiratory conditions.
However, regardless of whether Tiziana Life Sciences releases a Covid-19 drug or not its stock price is still likely to rise in the future as its groundbreaking research into novel molecules, will produce a wide variety of drugs to fight autoimmune diseases and inflammatory diseases.
Penny Stock To Watch #7 VerifyMe (NASDAQ: VRME)
VerifyMe delivers digital security solutions for the prompt verification of both people and packages. As the issue of digital security is increasingly being talked about on the world stage, VerifyMe is a smart investment opportunity as its able to help businesses monitor and protect their supply chains and can also help organizations verify individuals' identities and credentials.
There are numerous reasons to consider investing in VerifyMe. Firstly its debt to equity ratio is low at 0.01. Secondly, it boasts an impressive gross margin of approximately 83%. If you look at the previous performance of VerifyMe, the company's yearly earnings have increased by around 60% per year, over five years. Better yet, financial economists predict that VerifyMe's earnings may increase by 100% by the end of 2021.
Penny Stock To Watch #8: VistaGen Therapeutics (NASDAQ: VTGN)
VistaGen Therapeutics is another biotechnology company that has a promising future and which currently offers inexpensive, penny stocks. VistaGen Therapeutics differentiates itself from other biotechnology companies by focusing on developing and trialing treatments for mental health conditions such as anxiety, PTSD, and depression.
As the world is becoming more aware of the importance of mental health, if VistaGen Therapeutics is able to successfully develop innovative treatments for mental health conditions, its share price will rapidly increase. Especially as the Covid-19 pandemic has highlighted the importance of mental health.
If you're interested in possibly investing in VistaGen Therapeutics, one of the drugs which it has developed named PH94B is moving into its third stage of clinical trials in 2021. PH94B is a nasal spray that has been specifically formulated in order to treat common anxiety-related conditions such as PTSD and social anxiety. As PH94B has already passed two stages of clinical trials, there is a fair chance that it will make it through its third stage of clinical trials and will be approved for use by the FDA in the near future.
It's also well worth noting that VIstaGen Therapeutics also has two other drugs which are currently in their second stages of clinical trials. So there is a chance that VistaGen Therapeutics may produce multiple life-changing drugs which may be prescribed by doctors to their patients, in the near future.
Keep in mind that while not all of the drugs which are developed by VistaGen Therapeutics may pass their trials and be approved for use by the FDA, the more drugs which VistaGen Therapeutics works on, the more likely its share price is to rise. So the fact that VistaGen Theurapetucis has the capital to invest in multiple different drugs, is an exciting sign for potential investors.
Penny Stock To Watch #9: Zomedica (NYSEAMERICAN: ZOM)
If you're willing to take a risk on a penny stock that has excellent potential, you may want to invest in Zomedica. If you've never heard of Zomedica, it's a pharmaceutical corporation that specializes in developing modern diagnostic tools and drugs for the veterinary industry. Even if you're not an animal lover, it may be worth investing in Zomedica as the pet diagnostic industry is set to be worth around $2.8 billion dollars by the end of 2024. As there are relatively few players in the pet diagnostic industry, investing in Zomedica may allow you to make a sizeable profit on your initial investment.
One reason why Zomedica's stock price has increased is that it recently appointed a new CEO, Robert Cohen. Cohen previously served as a member of Zomedica's board of directors and has over 30 years of leadership in the pharmaceutical industry, the biotechnology industry, and the medical device industry.
Another reason to consider investing in Zomedica's cheaply priced stock is that Zomedica is ready to start selling its most innovative product yet, the Truforma. The Truforma is a machine that will allow veterinarians to analyze pets' health without needing to send test swabs to a laboratory. Instead, veterinarians will be able to load test swabs into their own Truforma device, which will provide quick results within 20 minutes. Which will allow veterinarians to be able to quickly diagnose and treat a wide variety of health conditions.
Zomedica's board of directors is so confident in the future of Truforma, that they are already funding new diagnostic tests which will be compatible with the Truforma. For example, Zomedica is currently developing five new diagnostic tests for cats and dogs and three gastrointestinal tests. Zomedica's leadership team believe that if they start selling Truforma machines as soon as possible, they'll raise funds from early adopters, which will allow them to continue developing new diagnostic tests for the Truforma machine.
Final Words on Robinhood Penny Stocks
In conclusion, if you want to add a variety of cheaply priced penny stocks to your growing investment portfolio, it's a smart idea to follow all of the penny stocks which have been discussed in the article above, especially if Robin Hood is one of your go-to trading platforms.
If you want to decrease your risk as an investor, simply opt to spread your funds across several penny stocks in different industries. Which will also increase your chances of making a sizeable profit from your carefully chosen penny stocks.
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