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To Make A Penny Stocks Watch List In October? Discover these 3

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3 Penny Stocks To Watch In October 2021

With October just around the corner, many investors are looking for the best penny stocks to buy. Although it’s only about a week left, being proactive can be the difference between making money with penny stocks and losing money with penny stocks. So for this reason, it is always better to try to stay ahead.

Now, a new month might not seem like a big deal, and it usually isn’t. However, it can present a symbolic change. This means that investors will often see a new month as a clean slate, and it sets the tone for the short term. Historically, September has been a less than stellar trading month. If we look back over the past 90 years, September posted an average return in the S&P 500 of -0.99%. And while these are only averages, they can be important to consider for investors of all types.

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So if we understand this, we can see that October might have better cards on the table. But, at the end of the day, making money with penny stocks comes down to having a trading strategy and understanding how the market works.

With a trading strategy, it should be individualized and match your unique investment goals. And to understand how the market works, it would be beneficial to seek some training in trading. So, with all of that in mind, let’s take a look at some penny stocks that might be worth keeping an eye out for next month.

3 Penny Stocks For Your October Watch List

  1. Clear Channel Outdoor Holdings Inc. (NYSE: CCO)
  2. CytoDyn Inc. (OTC: CYDY)
  3. IAMGOLD Corp. (NYSE: IAG)

Clear Channel Outdoor Holdings Inc. (NYSE: CCO)

Clear Channel Outdoor Holdings Inc. is a penny stock that has risen over 24% in the past six months. This brings his YTD gain to over 60% and his one-year gain to over 125%. If we look at the chart, we see that the CCO stock is also following a very linear path, which is not something we see with a lot of other penny stocks.

If you are not familiar, Clear Channel is a communications company that sells advertising displays. Among its offerings are information kiosks, notice boards, newsletters, posters, transit displays and much more. As of December 31, 2020, the company had 71,000 advertising displays in the Americas and 430,000 advertising displays in Europe.

In July, Clear Channel released its second quarter results for 2021. During that period, the company’s revenue increased 36% to a total of $ 271.6 million in the Americas. Also in the Americas, its Segment Adjusted EBITDA also increased 170.6% year over year to reach $ 127.2 million. For Europe, its revenue and adjusted EBITDA by segment increased by 130.2% and 102.5% respectively. These numbers are all very exciting for the company and show encouraging signs of growth.

CEO William Eccleshare said: “In Q3, all of our business segments are growing well above last year, with some markets now starting to exceed 2019 levels, reflecting the easing of mobility restrictions. remaining in the majority of our markets, turned back. advertising demand and the strength of our value proposition. Following its participation in the Goldman Sachs Communacopia conference on Tuesday, September 21, CCO continues its momentum. With that in mind, will CCO be on your penny stock watch list?

CytoDyn Inc. (OTC: CYDY)

CytoDyn Inc. is a biotech penny stock that has climbed over 60% in the last month alone. This important dynamic is due both to the events of the company and to its positioning as a leading biotechnology action. For more information, CytoDyn is developing treatments for different medical applications with its drug léronlimab. Leronlimab is a humanized monoclonal antibody that targets the CCR5 receptor. This product has already been tested in people with HIV as a potential treatment. However, the company is studying a variant of leronlimab for its potential to treat people with COVID-19.

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On September 9, CytoDyn announced the treatment of its first patient in its phase 3 COVID-19 trial in Brazil for patients with severe symptoms. From now on, an interim analysis will be carried out 28 days after the recruitment of 245 patients in total. This trial is performed by the Academic Research Organization Albert Einstein Hospital.

“Today marks the first day of the long awaited clinical trial in Brazil that we have been waiting for and we are very grateful to our team who conducted the CD12 trial in the United States which produced a wealth of information for us to can design and feed these two studies.

Chairman and CEO of CytoDyn, Nader Pourhassan

Due to CytoDyn’s recent progress, the company’s stock price has skyrocketed last month. In September, shares of CYDY jumped more than 22.5% in the market. With all of this in mind, will CYDY be on your penny stock watch list?

Penny_Stocks_to_Watch_CytoDyn_Inc ._ (CYDY_Stock_Chart)

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a company that develops a wide range of gold mining properties. It explores, develops and exploits lands in several countries, which makes it an interesting mid-size gold stock. IAMGOLD’s activities are mainly carried out in North America, South America and West Africa. Spread over these locations are high grade gold mines such as the Westwood Mine, the Boto Gold Project and many more.

On September 16, the company presented the assay results of the Lac Gamble drilling program on the Rouyn gold project. This project is located in Canada. IAMGOLD reports results from seven diamond drill holes totaling 1,826 meters. The objectives of the drilling program were to complete an initial geotechnical drilling campaign and test potential extensions at depth.

“Our drill program at Lac Gamble earlier this year specifically targeted certain areas selected for possible extensions, as well as to complete some initial geotechnical drill holes to assess rock quality in the context of a potential scenario. underground mining operation. ”

Executive Vice President of Growth at IAMGOLD, Craig MacDougall

If the price of IAG did not immediately skyrocket on the announcement of this announcement, its volume is well above its average. In fact, its volume is about double its market average over the past few days. Given this, will IAG make it onto your list of penny stocks to watch?

Penny_Stocks_to_Watch_IAMGOLD_Corporation_ (IAG_Stock_Chart)

What Penny Stocks are you looking at right now?

Finding the best penny stocks to buy right now can be difficult, but with so many factors happening, there’s a lot of momentum to build on. The biggest impact factor right now is Covid, which is definitely something to watch out for.

[Read More] Are Biotech Penny Stocks Worth Buying? Discover these 3

But, if you stay on top of the news, it can be a lot easier to make money with penny stocks. Given this, what penny stocks are you looking at right now?



Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, Florida 33146 | [email protected]


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