Penny Stocks 2021 – There is not necessarily much positive to report from both 2020 and the beginning of 2021. But February 2021 was a particularly weird month in the stock market. The month in which small investors – spurred on by the Reddit community – sent the financial market into turmoil. First they bet on Gamestop (GME), then on Majestic Silver Corp (AG) stock, setting up a duel with the big hedge funds. The result: the biggest short squeeze of the year so far in shares of GameStop. We want to follow the current trend and look at penny stocks with potential in 2021.
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Penny Stocks 2021 - Base and Precious Metals (Solitario Zinc Corp. (XPL))
This company is actually firmly in the base metals space – through its zinc mining operations. However, it recently expanded its scope to include gold through an acquisition.
The rationale by company President and CEO Chris Herald is as follows:
„With unprecedented planned stimulus spending around the world as a result of Covid-19, we believe zinc is exceptionally well positioned for years of increased demand related to infrastructure spending. Accordingly, we expect our two zinc assets, i.e., our interests in the large high-grade Florida Canyon and Lik projects managed by our partners, to remain our core assets. In addition, we intend to leverage our in-house experience in precious metals and believe we can enhance shareholder value by acquiring and advancing gold and silver assets, as we believe precious metals will benefit as a store of value as countries expand their currencies to fund the stimulus program.“
Diversification and a strong track record favor the U.S. penny stock. In addition, the strong balance sheet with a negligible amount of debt and the 96% increase in earnings per share from the previous quarter are compelling. Apart from that, there is really nothing standing in the way of a long-term positive development for the base and precious metals sector.
Click here to go to Solitario Zinc Corp. (XPL).
Penny Stocks 2021 - Pharmaceutical Industry (Opko Health Inc. (OPK))
Opko Health is currently trading at €3.35 per share. If this penny stock were to gain momentum, it could possibly hit the 52-week high of 4.98€ again.
A few years ago, this stock was in the double digits. In 2015, for example, one Opko Health share traded for nearly €16. Currently, the company is leveraging its technologies by using novel coronavirus tests that send customers a unique ID to access results. As the last weeks and months show, perhaps these tests could become mandatory for possible events in the future or when traveling by plane.
But that’s not all this penny stock has to offer. Because on January 04, the FDA accepted the application of Pfizer (PFE) and Opko Health, for the treatment of pediatric growth hormone deficiency.
Opko Health also impresses – despite no positive cash flow or profitability – with a solid balance sheet. That’s because total assets of 1.99 billion euros significantly exceed total liabilities of 627 million euros.
Click here to go to Opko Health Inc. (OPK).
Penny Stocks 2021 - Tech (Globalstar Inc. (GSAT))
Globalstar is the center of attention when it comes to 5G penny stocks to the Internet of Things (IoT). The company announced a global strategic alliance with XCOM Labs. This is to focus on commercializing XCOM’s capacity-multiplying technology with Globalstar’s band n53 – for dense 5G deployments in the U.S. and other countries.
Globalstar’s band n53 continued to make headlines this year. Furthermore, the agreement with business partner Nokia (NOK) should not be ignored. This is about deploying Band n53 in the Port of Seattle. Thus, one can really call this penny stock one of the top penny stocks for the beginning of 2021.
Click here to get to Globalstar Inc. (GSAT).
Penny Stocks 2021 list
Penny Stocks 2021 Germany
Tech Penny Stocks
Conclusion
We hope we could give you some useful information about penny stocks with potential in 2021 with our short list. If you would like to learn more about the term „penny stock“ and the opportunities and risks of trading these favorable securities before investing, please also read our article „What are penny stocks„.
