Today on the penny stocks market, there are major gains happening. We are looking at three companies that are currently seeing impressive stock movement.
Ranging between the healthcare, pharmaceutical, and food sectors, here are our top penny stock picks of the day.
Penny Stocks to Watch
At the current price of $1.45 USD per share, NantHealth Inc. (NASDAQ:NH) is up 111.68% at the time of writing. The massive hike is unexpected and occurred overnight.
This penny stock was averaging $0.66 USD a share this week, and with no immediate company news, it’s hard to tell what’s causing the sudden hike.
While this gain is impressive and may signal future potential, investors should still be wary. The healthcare company is fresh off the back of a NASDAQ de-listing warning in January, and the current price is still on the lower side of what NH stock valued in 2018.
NASDAQ sent the de-listing warning “because the Company’s common stock failed to maintain a minimum closing bid price of $1.00 for 30 consecutive business days.”
Investors might see the current climate as an opportunity, hopeful that a return to above $3 is on the horizon. Others might say to avoid, wary that the sudden hike has been orchestrated in order to climb above the $1 mark and avoid de-listing.
Penny Stocks to Watch
Elsewhere on the market, the CTRV penny stock is in the green to the tune of 22.18%. Selling for $0.29 USD at the time of writing, ContraVir Pharmaceuticals (NASDAQ:CTRV) could be a wise choice for an investor portfolio.
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This biopharmaceutical company focuses on developing drugs to treat a range of liver diseases. The company is niched in its focus, but this can be a good thing. Establishing itself as a leader in the field of liver treatments, the company has, potentially, the 500 million people affected with liver disease worldwide looking for its products.
Penny Stocks to Watch
Diversified Restaurant Holdings Inc (NASDAQ:SAUC) is up 24.72% at the time of writing. Selling for $1.11 USD, this penny stock began climbing yesterday when it was selling for $0.85 USD on the NASDAQ.
The company set a date—March 7th—for its Q4 and full year 2018 financial results. Announcing this yesterday seems to have got the shares moving.
With 64 stores across five states, Diversified Restaurant Holdings is one of the largest franchisees for Buffalo Wild Wings.
So here are three penny stocks on the market today with impressive gains. Who is your eye on?
Let us know!
Featured Image: DepositPhotos © alancrosthwaite
