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Trending penny stocks to watch in early June 2022

With so much going on in the stock market, finding the best penny stocks to buy can be difficult. And this may be a difficult prospect for some, but it can also present significant opportunities for others. When it comes to finding success with penny stocks, you need to be very careful and do your research. It is clear that penny stocks can be a great way to make money, but they are also very risky.

When looking for penny stocks to buy, there are a few things to keep in mind. First, don’t buy penny stocks just because they’re popular or because you’ve heard good things about them. It’s important to do your own research and find out which penny stocks are really worth investing in.

[Read More] The best penny stocks to watch at the end of the first week of June

While hype is a big part of what drives penny stocks, it should never be the only factor in your decision. The next aspect to understand is what is going on in the stock market. Because penny stocks are so speculative, they are often very sensitive to market changes. When the stock market goes up, penny stocks tend to do well.

But when the market falls, penny stocks can lose a lot of value very quickly. Additionally, we see certain factors quickly impacting penny stocks. For this reason, it is important to pay attention to what is happening in the stock market before you start buying. With that in mind, let’s take a look at three penny stocks that are trending right now.

  1. Boqii Holding Ltd. (NYSE:BQ)
  2. Transition Infrastructure Evolution (NYSE:SNMP)
  3. Allena Pharmaceuticals Inc. (NASDAQ:ALNA)

Boqii Holdings Ltd. (NYSE:BQ)

One of the day’s bigger gainers on June 3rd is BQ stock. At EOD, BQ’s shares were up more than 14%, which is quite impressive. And over the past five days, shares of BQ stock are up more than 28%. The company’s most recent announcement came on May 31 when it announced the increase in its ESOP pool. Now the company will have 4 million additional Class A common shares.

While there are some dilutive aspects to consider, this is an exciting announcement. If you’re not familiar with BQ, it’s a pet-focused platform based in China. It also offers its products through e-commerce and sells a variety of products, including its own brands. These brands are Yoken, Mocare and more. Although BQ stock is highly volatile, the company has made some big strides over the past few trading days. With that in mind, will it be on your list of penny stocks to watch or not?

Penny_Stocks_to_Watch_Boqii Holding Ltd.  (BQ stock chart)

Transition Infrastructure Evolution (NYSE:SNMP)

Up over 6% during trade on June 3rd, SNMP is another penny stock that investors are watching. And despite a six-month decline of over 20%, it’s clear that Evolve Transition currently has some bullish sentiment. So why are we seeing the company’s shares rally in June? Well, one possible theory stems from its popularity on the internet. This includes places like Twitter and Reddit, which have become major hotspots for penny stock discussions.

[Read More] 4 hot penny stocks with news to watch right now

To understand this further, we can look at the company’s latest announcements. On March 31, it announced the filing of its Form 10-K for the year ended December 31. And not much has come out of the company since then. In case you don’t know, Evolve is a limited partnership focused on acquiring and developing energy. This includes natural gas gathering systems, pipelines and processing facilities located in South Texas. While it’s hard to say why shares of SNMP stocks are rising, it might be worth putting them on your penny stocks watch list.

Penny_Stocks_to_Watch_Evolve

Allena Pharmaceuticals Inc. (NASDAQ:ALNA)

Despite a price drop of 10% during trading on June 3, the shares of the ALNA share were able to gain almost 2% in after-hours trading. And prior to today’s drop, ALNA had been posting some sizeable gains for the past week or so. This is because of the great emphasis on the biotech industry that we’ve seen during this period. So is it worth buying ALNA shares or not? Let’s take a closer look.

Allena’s most recent announcement came last month when it announced a $2.8 million registered direct offering. The move makes sense as it should provide the company with better capitalization to support its future endeavors. Well, while ALNA stock is highly volatile, the company has seen some bullish sentiment lately. As a biotech company focused on producing biologics, this could be something worth keeping an eye on in the coming weeks. With that in mind, will it be on your to-buy list or not?

Penny_Stocks_to_Watch_Allena

Which penny stocks are on your watch list for June?

Finding the best penny stocks to buy in June can be difficult. But with so many different penny stocks to choose from, it’s important to do your research and understand what’s going on in the stock market.

[Read More] What you should know about buying penny stocks on June 3rd

In 2022, there are several factors that investors need to consider simultaneously. And that includes the likes of inflation, rising interest rates, and more. With this in mind, which penny stocks are on your June to-watch list?

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Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

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