With so many penny stocks to pick from it can be a tricky thing to pick the right ones as an investor. Naturally, it requires a lot of effort and research to find the best penny stocks.
Luckily, there are some promising stocks that are available to investors in June of 2022, which can possibly be leveraged to your advantage.
Zymergen Inc. (NASDAQ:ZY)
Zymergen is among the biggest gainers this month for penny stocks. At the EOD on the day of writing, this stock had managed to rise by more than 7.5%, quite the substantial gain. But, why is this stock climbing now? The company claims to have sold a modular automation system to Octant, which allows the two companies to now create better workflows.
In other words, the deal has brought Zymergen to the forefront as a biotech company. So, with these significant gains, you should have it on your list of stocks to watch.
Archer Aviation Inc. (NYSE:ACHR)
Another company gaining momentum in the stock market is Archer Aviation Inc. At the EOD, this company’s stock shot up by over 12%, which in itself is no small feat.
The company announced on May 12th that it had achieved various pre-established milestones, which is likely one of the reasons for its growth in recent days.
The company is now focusing on sustainable air mobility. It offers various types of vertical takeoff-based crafts or VTOL, and aims to make a quantifiable change in the field of aviation.
Dare Biosciences Inc. (NASDAQ: DARE)
Dare Biosciences is a penny stock company to keep a watchful eye on. With over a 7% gain in recent times, it could be worth keeping an eye on in June.
Unlike the previous two stocks there is no clear announcement from the company that explains its recent growth – the most recent update from this company was at the H.C. Wainwright conference at the end of May. The company has not given other updates worth mentioning.
However, the amazing thing is that its stock is highly mentioned on other sites such as Twitter and Reddit, which is likely the reason it has become popular among all investors.
Conclusion
Finding the right penny stocks is tricky. However, with the right combination of trading strategy and research, you’ll find it easier. Always remember that because these stocks are volatile and that trading them isn’t for the faint of heart.
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