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Although the markets are weak at this point in time due to various reasons there are still certain stocks in the penny stock space that have managed to buck the trend in a huge way.
Penny stocks can often end up delivering significant gains within a short period of time and that is the reason why these stocks often have a significant following. This article is going to provide you with a look into three penny stocks that have delivered massive gains in recent days and may well be worth adding to your watch lists.
Applied Minerals Inc (OTCMKTS:AMNL) – Holloysite clay products producing leader Applied Minerals Inc has emerged as one of the hottest penny stocks over the course of the past few days. The rally in the stock continued yesterday as it ended up with gains of as much as 51% and thereby took its gains over the course of the past week to a staggering 182%.
The company was in the news earlier this week on October 3 when it announced that it had been granted a U.S. DOE Phase II, Release 2 STTR Award worth as much as $1,150,000. The company is going to use the grant for commercializing porous silicon derived from halloysite for replacing graphite. It may be a good time to start tracking the stock.
Anew Medical Inc (OTCMKTS: LEAS) – Yesterday, the Anew Medical Inc stock came into considerable focus among investors after it announced that it had been successful in acquiring as many as five market approved cancer medicines. The medicines in question are approved for sale in Germany.
The medicines that the company has managed to acquire are known for being important when it comes to treating solid tumors in adults as well as childhood cancers. It was a major new development for the company and the market reacted with great enthusiasm. The Anew Medical stock ended up with gains of as much as 215% in a remarkable rally yesterday.
SmartMetric Inc (OTCMKTS: SMME) – Last but not least, it is the SmartMetric Inc stock that has proven to be another major penny stock winner recently. The stock soared by as much as 64% yesterday and that took its gains for the past week to as much as 125%. The company had been in the news back on September 21, when the research firm Goode Intelligence had listed it as one of the Biometric Smart Card vendors alongside some other firms.