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Promising Penny Stocks Worth Watching - September 29th

Tilray Brands logo with Medical background

Key Points

  • Three promising penny stocks to watch are Tilray Brands, New Era Helium, and Richtech Robotics, due to their high dollar trading volume.
  • Tilray Brands is involved in the medical cannabis market, with operations across various countries including Argentina, Canada, and Germany.
  • New Era Helium focuses on the exploration and production of helium in connection with natural gas, and was founded in 2023.
  • Interested in Tilray Brands? Here are five stocks we like better.

Tilray Brands, New Era Helium, and Richtech Robotics are the three Penny stocks to watch today, according to MarketBeat's stock screener tool. Penny stocks are shares of small public companies that typically trade for less than $5 per share, often on over-the-counter (OTC) markets rather than major exchanges. Because they have low market capitalization and limited trading volume, penny stocks tend to be highly volatile and riskier than larger, more established stocks. Investors may be drawn by the potential for rapid price gains, but these shares also carry a higher likelihood of fraud, price manipulation, or total loss. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

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

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

Richtech Robotics (RR)

Richtech Robotics Inc. develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.

Read Our Latest Research Report on RR

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Should You Invest $1,000 in Tilray Brands Right Now?

Before you consider Tilray Brands, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilray Brands wasn't on the list.

While Tilray Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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