3 Robinhood Penny Stocks To Watch In The Second Half Of The Month
Are those Robinhood Penny stocks on your watchlist this month?
Trading penny stocks and blue chips in 2021 is unlike any other time. With the pandemic dragging on, high market volatility, and uncertainty about the future, there are a lot of unknowns over the next six months or so. And as a result, many investors decided to find penny stocks that could benefit in the short term.
In September, this includes industries like energy stocks, mining stocks, etc. But, to make money with penny stocks, it is best to think outside the box. This will allow you to align your strategy with areas of the stock market that could rise or fall based on news and speculation.
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And with all stocks and penny stocks in particular, speculation is a major aspect to consider. When we factor in the effects of Robinhood, we see that this speculation can be even greater than before. But Robinhood has also presented plenty of opportunities for investors of all types.
As mentioned earlier, the biggest impact factor on the stock market right now is Covid. But, this is not something to be afraid of. Rather, it is something that could be used as an advantage depending on your level of expertise as a trader. So, given all of this, do you think these Robinhood penny stocks are worth checking out?
3 Penny Stocks To Watch On Robinhood Right Now
- Harmony Gold Mining Company Limited (NYSE: HMY)
- Ault Global Holdings Inc. (NYSE: DPW)
- New Gold Inc. (NYSE: NGD)
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining penny stock that has climbed around 6% in the past five days. This company mines gold in a variety of locations around the world. Harmony is involved in the exploration, mining and processing of gold, silver, copper, uranium, etc. The company is present in South Africa and Papua New Guinea. While many companies that mine for gold stick to just the bright yellow compound, Harmony Gold Mining presents a more diverse game for investors to consider.
In August, Harmony released a trading statement and operational update for the year ending June 30, 2021. Many positive Harmony results were announced in this update. On the one hand, the company has seen a sharp increase in profits and revenues. Harmony also recorded a higher conversion gain on its US dollar denominated debt year over year. These are two encouraging signs and should be seen as such.
It should be noted that HMY and the majority of gold stocks tend to fluctuate with the price and demand for gold. It does make sense, however, it is something that many investors forget to consider. When investing in mining stocks, it is important to look at the entire industry. For example, if gold is in a shortage, it will likely impact the price of HMY shares. With increased momentum over the past few days, many traders are currently watching HMY stocks. Given this, will this make your list of penny stocks to watch?
Ault Global Holdings Inc. (NYSE: DPW)
Ault Global Holdings Inc. is a company that operates in a wide variety of industries. Over the past twelve months, DPW shares have risen by over 40%, which is quite significant. For added context, Ault designs, develops and manufactures power system solutions. The company sells these products to those in the medical and military sectors, among others. Its products include power supply products, power conversion and distribution equipment, and much more.
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On September 14, the company took delivery of 1,000 pro-Bitcoin S19j ants. These miners will be deployed quickly according to the company. The deployment of these antminers will take place starting this month and are expected to be completed by October 15, 2021. This is a big deal for the company as it takes a major step forward in the crypto industry. cash. And while that’s not necessarily Ault’s strong suit, it could be a smart move if all goes according to plan.
“We congratulate our team on the initial construction of 30,000 square feet of the data center to accommodate the new Antminers. I am delighted with the progress made in laying the groundwork for our renewed cryptocurrency mining operations which we hope will ultimately contribute significantly to the growth of the company in terms of revenue and profitability. ”
Executive Chairman of Ault Global Holdings, Milton “Todd” Ault, III
While we can’t call DPW a blockchain penny stock as its primary operations are in other industries, it is undoubtedly an exciting prospect. Following this update, will DPW be on your list of penny stocks to watch?
New Gold Inc. (NYSE: NGD)
New Gold Inc. is another mining penny stock that investors have been watching over the past few weeks. Currently, it owns a wide range of mining properties in many locations in Mexico and Canada. The company’s current mining projects focus on gold, silver and copper deposits at its mines. Its locations include the Rainy River Mine, Afton Mine, Cerro San Pedro Mine, and a few others as well.
On September 13, the company provided operational outlook. The company’s consolidated gold-equivalent production is now expected to be between 405,000 and 450,000 for 2021. New Gold said its forecast for consolidated copper production remains unchanged. Additionally, it now expects its all-inclusive sustaining costs to be between $ 1,415 and $ 1,495 per ounce of gold equivalent.
“While the reduction in our short-term forecast at Rainy River is regrettable, I remain confident that the mine has reached an inflection point as evidenced by the free cash flow generated in the second quarter and the mine is on track. to provide a second improvement. half of the year.
President and CEO of New Gold Inc., Renaud Adams
In addition, the company managed to increase its revenue year on year in its last quarter by more than 50%. This is substantial and shows both the potential of the mining industry and NGD’s commitment to stay on top. With all of this new information in mind, will NGD be on your penny stock watch list in 2021?
How do you know which Robinhood Penny stocks are right for you?
Finding the best penny stocks to buy on Robinhood or wherever you trade stocks can be easy. But in order to do that, you have to understand your own trading style and your investment goals.
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If you know yourself as a trader, it can be much easier to create a watchlist that matches your short and long term plans. Given all of this, what penny stocks on Robinhood are you looking at right now?