We’ve provided a lot of gold and silver coverage lately, so today, we’re giving our readers something different. Rather than listing some of the major penny stock gainers in June, we’ll be looking at the most active penny stocks. That way, potential investors have a better chance of catching the momentum as the month rolls on. Specifically, we’re focusing on the tech sector today.
Most Active Penny Stocks: Superconductor Technologies, Inc. (NASDAQ:SCON)
Superconductor Technologies Inc is a global leader in superconducting solutions and innovations. Its Conductus platform offers high performance, cost-effective, and scalable superconducting wire. Since 1987, STI has developed more than 100 patents, as well as proprietary trade secrets and manufacturing expertise.
In March, the company announced a merger agreement with Allied Integral United. This is a big step towards STI monetizing its cryogenic cooler technology, which should be a major source of revenue going forward. STI also recently announced its full-year 2019 results. Total revenue came to $545,000, compared to $1.6 million for the previous year. The net loss for the year was $9.2 million, or $1.23 per share, compared to $8.1 million, or $4.03 per share in 2018.
>> 3 Red Hot Gold Penny Stocks for June 2020
Since the start of June, SCON has had a trading average of 4.6 million daily shares. The lion’s share of that, however, occurred yesterday and today, as the share price shot up from $0.39 to $0.66. This makes it one of the hottest tech stocks in the sector under $1.00.
Most Active Penny Stocks: Ideanomics Inc (NASDAQ:IDEX)
Ideanomics is focused on facilitating the adoption of commercial electric vehicles, as well as developing next-generation financial services. Its electric vehicle division, Mobile Energy Global, provides group purchasing discounts on commercial electric vehicles, EV batteries, and electricity. Ideanomics Capital, meanwhile, provides innovative financial services solutions powered by AI and blockchain.
Earlier today, the company’s MEG subsidiary selected several manufacturers to fulfill its sales orders for electrical vehicle taxis in China. This is the first major sales order that its EV segment will be fulfilling. Hopefully, the outcome of this deal will help investors gauge whether Ideanomics can become a major player in the electrical vehicles sector.
In the week and a half since this month started, IDEX has had an average volume of 19.2 million shares daily. As with SCON, most of that activity occurred recently, with the stock rising from $0.47 on Monday morning to $1.15 as of this writing. That’s an increase of 150%, making it an incredibly active tech penny stock.
Most Active Penny Stocks: Vislink Technologies Inc (NASDAQ:VISL)
Vislink Technologies is focused on the development and distribution of advanced communication solutions. For over 50 years, its products and turnkey solutions provide reliable connectivity in the toughest environments across live production, military, and government sectors. These solutions include high-definition communication links and secure video systems that support mission-critical applications.
In Q1 2020, Vislink made several important moves that will affect its bottom line over the next year. It fulfilled delivery of a $2.8 million US Army contract and received a $1.3 million contract from a European for border protection. It also received orders valued at over $800,000 for satellite communications equipment from Airbus Defence, as well as a government agency located in the MENA (Middle East and North Africa) region.
Earlier today, the company also announced that it has been selected by RaceTech to provide live coverage of its events. This provided a nice boost to the stock, which was just beginning to decline following a major spike last week.
Over the last ten days, VISL has had an average trade volume of 81.8 million. This makes it the most active penny stock in the tech sector that’s still priced under $5.00.
A Few of the Other Most Active Penny Stocks this Month
Inpixon (NASDAQ:INPX), MicroVision Inc (NASDAQ:MVIS), Riot Blockchain (NASDAQ:RIOT), and Exela Technologies (NASDAQ:XELA) have all had an average traded volume over 5 million since June began. Like the picks above, most of them have also seen major growth this week or last week.
Keep watching this space for more stock news, updates, and opinions!
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