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Penny Stocks To Watch Now - October 4th

Dragonfly Energy logo with Computer and Technology background

Key Points

  • Seven penny stocks including Dragonfly Energy, HIVE Digital Technologies, and Actelis Networks have been highlighted as stocks to watch based on their high trading volume recently.
  • Penny stocks, typically traded below $5, are characterized by high price volatility and risks of market manipulation, attracting investors for their potential rapid gains.
  • Key companies mentioned are involved in sectors such as cryptocurrency mining, semiconductor design, and medical cannabis, showcasing a diverse range of industries within the penny stock space.
  • Five stocks to consider instead of Dragonfly Energy.

Dragonfly Energy, HIVE Digital Technologies, Actelis Networks, Bitfarms, SEALSQ, Canaan, and Tilray Brands are the seven Penny stocks to watch today, according to MarketBeat's stock screener tool. Penny stocks are the low-priced shares of very small or thinly traded companies, often quoted below $5 on major exchanges or below $1 on over-the-counter markets. Because they trade infrequently and in small volumes, they tend to have wide bid-ask spreads and high price volatility. Investors may chase them for the chance of rapid, large percentage gains but face elevated risks of loss and market manipulation. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Dragonfly Energy (DFLI)

Dragonfly Energy Holdings Corp. engages in the manufacturing and sale of deep cycle lithium-ion batteries for recreational vehicles, marine vessels, solar and off-grid residence industries, and industrial and energy storage markets. The company provides lithium power systems comprising solar panels, chargers and inverters, system monitoring, alternator regulators, accessories, and others.

Read Our Latest Research Report on DFLI

HIVE Digital Technologies (HIVE)

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.

Read Our Latest Research Report on HIVE

Actelis Networks (ASNS)

Actelis Networks, Inc. engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.

Read Our Latest Research Report on ASNS

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

Read Our Latest Research Report on BITF

SEALSQ (LAES)

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.

Read Our Latest Research Report on LAES

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

Tilray Brands (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Read Our Latest Research Report on TLRY

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