Penny Stocks To Watch Now - October 19th

Key Points

• Seven penny stocks to watch include Rani Therapeutics, Beyond Meat, New Era Helium, Electra Battery Materials, Bit Digital, Canaan, and American Battery Technology, highlighted for their high trading volume.
• Penny stocks are generally defined as shares trading below $5 per share and are often considered high-risk due to their speculative nature and potential for fraud or manipulation.
• Rani Therapeutics is focused on developing a drug-agnostic oral delivery platform, while Beyond Meat continues to grow its range of plant-based meat products across various sales channels.

Rani Therapeutics, Beyond Meat, New Era Helium, Electra Battery Materials, Bit Digital, Canaan, and American Battery Technology are the seven Penny stocks to watch today, according to MarketBeat's stock screener tool. Penny stocks are low-priced shares of small companies—commonly defined by the U.S. SEC as trading below $5 per share—often quoted on over-the-counter markets or smaller exchanges. They tend to be highly speculative and illiquid, prone to large price swings and greater risk of fraud or manipulation, so they’re generally considered high-risk investments. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Rani Therapeutics (RANI)

Rani Therapeutics Holdings, Inc. operates as a clinical stage biotherapeutics company that develops orally administered biologics for patients, physicians, and healthcare systems in the United States. The company develops the RaniPill capsule, a drug-agnostic oral delivery platform to deliver a variety of drug substances, including oligonucleotides, peptides, proteins, and antibodies.

Read Our Latest Research Report on RANI

Beyond Meat (BYND)

Beyond Meat, Inc., a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.

Read Our Latest Research Report on BYND

New Era Helium (NEHC)

New Era Helium, Inc. is an exploration and production company that sources helium produced in association with the production of natural gas reserves in North America. The company was founded in 2023 and is headquartered in Midland, TX.

Read Our Latest Research Report on NEHC

Electra Battery Materials (ELBM)

Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.

Read Our Latest Research Report on ELBM

Bit Digital (BTBT)

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.

Read Our Latest Research Report on BTBT

Canaan (CAN)

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts.

Read Our Latest Research Report on CAN

American Battery Technology (ABAT)

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.

Read Our Latest Research Report on ABAT