While it is true that investors are almost always on the lookout for such penny stocks which may be on a consistent rise, there are many other types of penny stocks that could be worth tracking. For instance, stocks may have been down in the dumps and had hit their lowest levels in 52 weeks, but had eventually started on the path to recovery. This article is going to provide a lowdown on three penny stocks that are now charting such a path.

Code Chain New Continent Limited (NASDAQ:CCNC) Although the Code Chain New Continent Limited stock is still down by 81% over the past year, it recorded gains of as much as 51% yesterday. There was no news about the company that could have led to such gains.

The company actually works through a range of subsidiaries and is involved in the development, research and application of Internet of Things products. It is also involved in the electronic token digital door sign space. It may be a good idea for investors to keep an eye on the Code Chain New Continent Limited stock this morning.

Guardion Health Sciences Inc (NASDAQ:GHSI) – On Thursday, the Guardion Health Sciences Inc stock bounced back from its lowest level in 52 weeks and soared by as much as 31%. Despite that, it should be remembered that in the past year, it is still down by 84%.

Yesterday, the company came into the news after it announced that the clinical results for its product Viactiv Omega Boost Gel Bites had managed to raise the Omega 3 levels in a matter of 4 weeks. It was a positive development for the company and the optimism among investors was understandable.

Plus Therapeutics Inc (NASDAQ:PSTV) – Yesterday, the Plus Therapeutics Inc stock bounced back from its 52-week low and went up by as much as 15% on heavy interest following a key development.

The company announced yesterday that it was going to report its third fiscal quarter financial results on October 20, 2022, after the closure of markets. On the same day, the company would also host a conference call. The stock is down 65% over the course of the past year.

By Ruchika Gupta

I am Ruchika Gupta, a post-graduate woman. Having completed my Masters - in English. I like to write and thus have worked as a content writer for over nine years. I have gained much insight into the financial sector, having written plenty about it. Currently, I have been following up and writing on the biotech industry, which has given me handsome knowledge of the same.

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