7 Industry Leading Penny Stocks To Watch in July 2021

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This story initially appeared on PennyStocks

Are These Sizzling Penny Shares on Your Watchlist?

Discovering one of the best penny shares to purchase in 2021 is all about understanding the market trajectory. With so many penny stocks to select from, making a call is troublesome, to say the least. However, with the ability of the web at everybody’s disposal, this may be simpler than beforehand imagined. The most effective place to start out is by making a penny stocks watchlist. This can assist to slender down your selections to solely a handful of corporations, moderately than a whole lot. 

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And with a correct watchlist, the analysis stage can start. This entails understanding each facet of an organization from its financials, to what makes it transfer. With all of this in thoughts, listed below are seven industry-leading penny shares to look at proper now. 

5 Penny Shares You Must Know About 

  1. Zomedica Corp. (NYSE: ZOM
  2. Oxbridge Re Holdings Ltd. (NASDAQ: OXBR
  3. Waitr Holdings Inc. (NASDAQ: WTRH
  4. Envirotech Autos Inc. (OTC: ADOM
  5. Komos Power Ltd. (NYSE: KOS

Zomedica Corp. (NYSE: ZOM)

Zomedica Corp. is a biotech penny stock that’s performing effectively proper now. The corporate’s principal focus is veterinary well being for canines and cats. At present, Zomedica is creating and commercializing TRUFORMA which is a diagnostic biosensor platform that detects thyroid most cancers in animals. So why has ZOM inventory been going up a lot lately? On July sixth, Zomedica launched a company replace. The corporate presently expects TRUFORMA to have 5 preliminary assays to check for adrenal and thyroid issues quickly.

“Whereas the change to our gross sales construction and the delay of fT4 and ACTH definitely have been sudden, we imagine that these points are being addressed successfully inside and out of doors Zomedica. We now have calibrated spending to coincide with a later adoption curve than anticipated, are working cooperatively and successfully with our associate, Qorvo, and are trying ahead to delivering all the guarantees of TRUFORMA later this yr.”

The CEO of ZOM, Robert Cohen

ZOM has additionally been known as a “meme inventory”. Meme stocks are corporations that improve in worth due to social media and their recognition on such. This has pushed the quantity of ZOM a lot greater than it repeatedly could be with out the social media hype. One yr in the past this penny inventory was price $0.16 per share on common.

Now the corporate’s inventory worth is at $0.73 per share as of July ninth. At one level in 2021, the corporate’s share costs reached above $2.60 per share indicating a excessive diploma of bullish investor sentiment. With all of this in thoughts, will ZOM make your record of penny shares to look at?


Oxbridge Re Holdings Restricted (NASDAQ: OXBR)

Oxbridge Re Holdings Restricted is a monetary penny inventory engaged on a number of fascinating enterprise prospects. The corporate works within the space of property and casualty reinsurance. Moreover, Oxbridge actively underwrites reinsurance contracts for numerous corporations. These embody property and casualty insurance-based companies. 

OXBR inventory has skilled lots of optimistic momentum in 2021 to this point. Regardless of this, not a lot information has come out of Oxbridge prior to now few months. So why is OXBR inventory growing in market worth? Nicely, as you’ll have seen, the actual property market is exploding in worth proper now.

With property costs quickly growing, the value to insure stated properties goes to value extra. This can be a potential cause that OXBR inventory is performing effectively and has a better quantity than its common on July ninth. One yr in the past, OXBR inventory was price about $1.10 per share on common. Now on July ninth, OXBR inventory is at $2.90 per share on common. Contemplating this, is OXBR inventory a contender in your watchlist this yr?


Waitr Holdings Inc. (NASDAQ: WTRH)

Waitr Holdings Inc. is a tech penny stock that has seen an excessive amount of momentum all through the pandemic. This firm operates platforms for cell meals ordering and competes with a number of the largest names within the {industry}. The corporate’s two platforms are Waitr and Chew Squad, and permit prospects to order meals for supply and carryout. It’s price noting that it has greater than 20,000 eating places in 700 cities on its roster as of December thirty first, 2020. 

At first of June, the corporate introduced a company rebrand initiative. The corporate intends on altering its title and visible id within the subsequent 12 to 18 months. The corporate’s CEO and Chairman Carl Grimstad stated, “This choice to rebrand will higher mirror our id and enterprise operations as we proceed our enlargement into new verticals outdoors of the meals supply phase and may enhance and improve our advertising and public relations synergies. Our three core constituents present us with a myriad of economic alternatives.”

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The final replace that got here from Waitr Holdings Inc. was the June twenty second announcement stating that the corporate has added Lengthy John Silver’s to its platform. Within the final 6 months, WTRH inventory has not had probably the most optimistic momentum, however may issues be altering for the corporate now? On July ninth, WTRH inventory is up considerably available in the market. With this in thoughts, will WTRH inventory make your watchlist this week?


Envirotech Autos Inc. (OTC: ADOM)

Envirotech Autos Inc., previously often known as Adomani, is an electric vehicle penny stock. The corporate produces zero-emissions electrical automobiles and drivetrain programs. These automobiles and programs are supposed for business fleets. It additionally gives kits to transform gas-powered automobiles to EVs, which is a rising market proper now.

On July seventh, Envirotech acquired a $400,000 buy order from Joseph Holdings for 5 automobiles. CEO Phillip Oldridge stated, “This order is a promising begin to our FAR relationship with Joseph Holdings and we’re happy to have this chance to start offering our revolutionary, high-quality, standard and particular purposed electrical automobiles to the Caribbean market.”

The previous one-month of momentum with ADOM inventory has been excessive to say the least. On June tenth, ADOM’s inventory worth was at $0.25 per share on common. Now on July ninth, the corporate’s inventory worth is over $0.38 per share. ADOM’s quantity can be a lot greater than its market common proper now.

There are a couple of attainable explanations for this. The marketplace for electrical automobiles is quickly rising in the mean time. We’ve all seen how corporations like Tesla Inc. (NASDAQ: TSLA) have gone up considerably prior to now yr or so. This momentum impacts smaller EV corporations like Envirotech as effectively. Whether or not this makes ADOM part of your watchlist proper now, is as much as you.


Kosmos Power Ltd. (NYSE: KOS)

Kosmos Power Ltd. is an oil and gasoline penny inventory that’s growing in worth proper now. The corporate’s main focus is deepwater oil and gasoline exploration and manufacturing. Its belongings are all primarily based within the Atlantic Margins, in locations like Ghana, the U.S. Gulf of Mexico, and Equatorial Guinea. This firm’s one-year progress has been very vital in scale. Kosmos Power launched an operational replace on July fifth. The corporate offered perception on its manufacturing, improvement, and exploration processes in the mean time.

“Kosmos had a stable second quarter, producing optimistic money circulate which diminished internet debt by round $100 million, pushed by greater gross sales volumes, robust operational efficiency in Ghana and bettering realized oil costs. We proceed to see momentum construct throughout our producing hubs with new wells drilled in Ghana and the U.S. Gulf of Mexico through the quarter and the arrival of the rig for improvement drilling in Equatorial Guinea.”

Chairman and CEO Andrew G. Inglis

One yr in the past, KOS inventory was at $1.55 per share. Now the corporate’s inventory worth has reached greater than $3 per share. The oil and gasoline sector has been an enormous hit in 2021, with many corporations from this sector being talked about on our web site lately. With oil and gasoline penny shares on the rise, will this firm make it on to your watchlist?


2 Extra Penny Shares to Watch Proper Now 

  1. Gaucho Group Holdings Inc. (NASDAQ: VINO
  2. Alset Ehome Worldwide Inc. (NASDAQ: AEI)

Which Penny Shares Are On Your Watchlist?

With so many penny shares to select from in 2021, making a call generally is a troublesome job. Nonetheless, with the proper info at hand, each investor might be as knowledgeable as to one of the best merchants on the market.

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One factor to remember is that info will all the time set aside the professional merchants from these simply beginning. However, with a dedication to researching each firm in your watchlist, you might be simply as knowledgeable as one of the best buyers on the market. With this in thoughts, which penny shares are in your watchlist?



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