Penny stocks are famous for blowout returns. This week, these hot penny stocks are leading the market.
Hot Penny Stocks Leaders
These hot penny stocks are leading the market this week.
Possible Diabetes Cure: Genprex Inc. (GNPX)
The shares of Genprex Inc. have been performing well over the past few days. Genprex, which operates from Texas, is a clinical gene therapy company that actively develops a novel tech platform for the treatment of cancer.
The company’s stock price is up by 51% at the closure of the market session on Thursday, February 13. It is also up by 14% at Friday’s premarket trading hours, indicating that it could go higher over the coming hours and days.
The surge in stock price comes after Genprex, and the University of Pittsburgh entered an exclusive agreement. The license agreement is for potentially curative gene therapy candidate for diabetes. Clinical results from in vivo animal studies show that normal blood glucose levels could be restored for an extended period with their diabetes gene therapy technology.
Improving SUI in Women: Viveve Medical Inc. (VIVE)
Another hot penny stock this week is a medical company. Viveve Medical Inc. is a women’s intimate health company that focuses on commercializing a revolutionary, non-surgical, non-ablative medical device. The device helps remodels collagen and restores vaginal tissue.
The shares of Viveve Medical is up by 24% over the past 24 hours. It is set to continue its upward rise as it is currently up by 2% at Friday’s pre-market trading session.
Viveve Medical, which is based in Englewood, began enrollment in its three-arm, three-month feasibility study last month. This study will compare their cryogen-cooled monopolar radiofrequency (CMRF) treatment and a cryogen-only sham. The aim is to improve stress urinary incontinence (SUI) in women.
Coronavirus-Driven Demand: Happiness Biotech Group Ltd (HAPP)
The health sector continues to dominate the hot penny stocks with yet another company. Happiness Biotech Group Ltd is a Chinese-based company. They focus on the research, development, manufacturing, and marketing of various nutraceutical and dietary supplements.
The company’s stock has been performing well recently. The share price is up by 23% over the past 24 hours. It could surge higher in the coming hours and days as the stock price is up by 2% at Friday’s pre-market trading session.
Happiness Biotech recently donated RMB1 million worth of its famous immune system boosting products to Shunchang General Hospital. This comes as the company experiences an increase in demand for the products since the Coronavirus outbreak in China.
Some of its products, such as Cordyceps Mycelia Oral Liquid, have seen a 100% increase in demand since the outbreak. These supplements help to enhance people’s immune systems. As the Coronavirus outbreak continues, Happiness Biotech could continue to record a higher need for its supplements.
Deal with Vodafone: CounterPath, Corp. (CPAH)
The first non-medical company on the list is CounterPath Corp. This is a software company in Vancouver, Canada that designs, develops and sells software and services. Their products allow enterprises and telecommunication service providers to deliver unified communications services over Internet Protocol-based networks.
Shares of CounterPath Corp are up by roughly 22% during the last trading session. The stock has been performing excellently since the start of the week and could maintain the momentum after slightly going higher at Friday’s pre-trading session.
The surge in stock price comes as CounterPath Corp secures a 5-year deal with Vodafone Fiji. The company will provide Vodafone with Bria mobile apps and Strettoä Platform services. This will allow roughly 700,000 consumers across the Fijian and neighboring islands to enjoy reliable voice calling services.
Kendal Jenner Recommendation: New Age Beverages Corp (NBEV)
This is a beverage company in Colorado that focuses on manufacturing products to boost healthy living. Some of their popular products include Xing Tea, Coco Libre, Marley Coffee & Tea, búcha, and more.
Shares of New Age Beverages are up by 17% over the past 24 hours. It has been one of the hot penny stocks of the week, trading in the green zone since Monday. The stock price could go higher in the coming hours as it is currently up by 2% at Friday’s pre-market trading session.
The company has been recording an uptick in stock price since news broke out that Kendall Jenner drinks New Age products. The reports noted that Jenner starts her day with Kusmi Detox Tea. This development and the appointment of David Vanderveen as the new COO of New Age has seen the stock price perform well in recent weeks.
Hot Penny Stocks: Closing Thoughts
Penny stocks lead the way in terms of investor gains due to their high volatility. This week saw a wide range of hot penny stocks perform excellently. Our reports are written in plain English, so they’re easy to understand. Sign up today and get a jump on the New Year with our 2020 Growth Stock Guide, it’s yours free when you join. Click here to join and claim your free copy now.