Check These 3 Penny Stocks For Your List This Week
If you’re looking for penny stocks to buy, there are hundreds to choose from. And due to the large number of penny stocks, investors need to have two things on hand. On the one hand, traders must have a trading strategy. This means knowing what your risk tolerance is and how to use it as an advantage.
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And on the other hand, traders must have a thorough understanding of the stock market right now and what it might do in the future. While easier said than done, using them will give you the best chance of making money from penny stocks in 2022. Considering that, let’s take a look at three penny stocks to watch this week future.
Penny Stocks to Watch This Week
- Camber Energy Inc. (NYSE: CEI)
- Atreca Inc. (NASDAQ: BCEL)
- Gran Tierra Energy Inc. (NYSE:GTE)
Camber Energy Inc. (NYSE: CEI)
With a gain of over 30% on Friday March 4, Camber Energy is currently on the minds of many investors. Clearly, CEI stock has significant bullish interest after a one-month gain of over 44%. And despite a few minor hiccups along the way, the overall trend for CIS stocks during this period has been positive.
Now, there is no company-specific news that pushed the CEI stock price higher on March 4. However, it can be assumed that most of its recent momentum is due to the conflict between Russia and Ukraine. This war regulated the skyrocketing price of oil, and subsequently so did energy penny stocks. As a result, CEI has seen several periods of intense highs and lows over the past month or so.
The latest company-specific news, however, arrived on February 15. On the 15th, the company announced that its majority-owned subsidiary, Viking Energy, had completed the acquisition of a proprietary electrical transmission and distribution open conductor detection system. This acquisition was completed with $21 million in cash and $5 million payable in Viking stock at closing.
“This technology is extremely important. It’s really hard to put a monetary value on a solution that can detect a broken power line and shut off the electricity flowing through the line before the wire hits the ground. Live power lines that produce arcs and sparks are dangerous and difficult to detect using traditional designs.
Unfortunately, people in places like California, Western Canada, Australia, and other parts of the world are fully aware of what can happen when a downed, live power line comes into contact with the ground.
Camber and Viking CEO and President James Doris
So with all of this exciting news in mind, do you think CIS stocks are worth adding to your list of penny stocks to buy?
Atreca Inc. (NASDAQ: BCEL)
On Friday, March 4, shares of BCEL soared over 211% at market close. This is an incredible gain and comes as the company released its financial results for the year 2021 and the fourth quarter. In the results, the company showed positivity regarding the clinical activity of its compound, ATRC-101.
“Last year was a very productive year for Atreca in terms of both the clinical development of ATRC-101 and the generation and advancement of other pipeline assets. We are pleased to announce today Additional results from the ATRC-101 program are now available.The data continue to show a significant association between activity and target expression.
Atreca Inc. CEO John Orwin
On the tax front, the company ended the fourth quarter of 2021 with over $148 million in cash. And its research and development spending for the year was $78.3 million. Although it reported a net loss of $109.3 million, the majority of that loss predated the last three months of the year.
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If you are unfamiliar, Atreca Inc. is a biopharmaceutical company working on the development of antibody-based immunotherapies. Currently, its lead product is known as ATRC-101, which is being studied for the treatment of several solid tumor cancers. This is a big deal and it shows that the company is working hard to keep growing. So, with all of that in mind, do you think BCEL stock is a worthwhile addition to your penny stocks watchlist?
Gran Tierra Energy Inc. (NYSE:GTE)
Gran Tierra Energy Inc. is a penny stock that we have covered several times over the past few months. And again on Friday, March 4, stocks soared dramatically, ending the day up more than 8.5%. That brings his one-month and six-month gains to 39% and 163% respectively.
Similar to CIS stock, one of the main reasons for GTE’s growth is the energy industry right now. And with tensions in Ukraine only rising, many investors are showing bullish sentiment on energy as a whole. The company’s most recent news came a few weeks ago when it announced its 2021 year-end reserves. % 1P.
“In 2021, a combination of our continued reductions in drilling, completion and workover costs per well, our focus on maintaining low operating costs and the strong rebound in oil prices have resulted in significant increases in our net asset value per share after tax at $1.59 per share (1P), up 124% from 2020, and $2.92 per share (2P), up 31% from 2020.”
Gran Tierra CEO and President Gary Guidry
Whether that makes GTE action interesting or not is up to you.
What Penny Stocks are you looking at right now?
Finding the best penny stocks to buy is all about understanding where to look. With such a variety of penny stocks, it can be difficult.
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But, because there is so much information available to everyone, researching and understanding this information is key to making money with penny stocks. So with all of that in mind, what penny stocks are you looking at right now?