3 Penny Shares That Traders Are Watching in October 2021 

Investing in penny shares in 2021 is just not for the faint of coronary heart. Nevertheless, with the suitable technique available and a dedication to discovering out all you possibly can about sure penny stocks, it may be a lot simpler than beforehand imagined. Whereas many suppose that penny shares are solely listed on OTC markets, by definition, they’re any inventory buying and selling below $5 per share. Which means that there are a whole lot of decisions that may be traded on just about any brokerage platform. 

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And since penny shares are typically extremely risky, many traders have turned to them as a solution to safe brief time period beneficial properties. Whereas making money with penny stocks could be very a lot potential, many traders fail to interact within the correct analysis and understanding of a given inventory or trade. 

Now, in the event you’re brief time period or swing buying and selling, it’s extra pertinent to give attention to chart patterns and upcoming occasions, nevertheless, in the event you’re long run buying and selling, analysis will likely be your finest good friend. Regardless, the one solution to generate income with penny shares is to have a correct buying and selling technique and to make use of it. With all of that thought of, let’s check out three widespread penny shares that traders are watching in October. 

3 Penny Shares to Add to Your October Watchlist 

1. Gran Tierra Vitality Inc. (NYSE: GTE) 
2. Concord Gold Mining Firm Restricted (NYSE: HMY) 
3. Investview Inc. (OTC: INVU) 

Gran Tierra Vitality Inc. (NYSE: GTE)

Gran Tierra Vitality Inc. is a penny inventory within the oil and gasoline trade that has been performing properly this week. Up to now 5 days, shares of GTE inventory have climbed by over 25% which is sort of substantial. And, prior to now month and YTD durations, that quantity jumps to over 55% and 150% respectively. For some context, this firm searches for and produces oil and gasoline in a wide range of areas. Gran Tierra’s property are situated in each Ecuador and Colombia. The corporate had whole proved undeveloped reserves of 26.2 million barrels of oil equal as of December 31, 2020.

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On August 3^rd, the corporate launched its second-quarter outcomes for 2021. In the course of the quarter, the corporate elevated manufacturing by 14%, averaging 23,035 barrels of oil per day. As well as, the corporate’s full-year manufacturing projection of 27,500 to twenty-eight,500 barrels of oil per day was bolstered. These are constructive indicators, particularly contemplating the heightened demand for oil and gasoline proper now. 

“With manufacturing restored, we count on Gran Tierra to generate second half 2021 free money circulation of $100-120 million. With a constructive oil value surroundings, a profitable first half 2021 drilling program, and the expiry of our first half 2021 oil value hedges, we’re very excited in regards to the second half of 2021 and all of 2022.”

President and CEO of Gran Tierra, Gary Guidry

Up to now week or so, buying and selling quantity for GTE inventory has been a lot better than the last few weeks. With this in thoughts, will GTE inventory make your October watchlist?

Concord Gold Mining Firm Restricted (NYSE: HMY)

Concord Gold Mining Firm Restricted is a gold mining penny stock that has been performing properly prior to now week or so. Throughout that point, shares of HMY inventory have climbed by round 10% to over $3.40 per share.

For some context, Concord Gold, as its title suggests, mines for gold, silver, copper, and uranium. It then engages within the extraction and processing of those compounds. Nearly all of its operations are performed in South Africa and Papua New Guinea, each of which have confirmed to be fairly useful to Concord.

Just a few months in the past, Concord revealed an operational replace for the fiscal 12 months ending June thirtieth. Throughout this timeframe, the corporate’s income elevated by 45.2% 12 months over 12 months. As well as, its web debt was lowered by 52% 12 months over 12 months.

These outcomes had been glorious for the corporate, however they weren’t the one issue influencing its inventory value. HMY inventory usually strikes up and down out there in shut proximity to gold costs. This is smart contemplating that gold is its foremost asset. Noting this data, will you add HMY inventory to your watchlist this month?

Investview Inc. (OTC: INVU)

Investview Inc. is a tech penny stock that has climbed by nearly 500% prior to now twelve months. It is a sizable acquire regardless of some lower than stellar efficiency prior to now six months. Nevertheless, over the past day or so, shares of INVU inventory have been growing in bullish sentiment. 

Investview is an organization that gives monetary schooling, analysis, and expertise to its shoppers. It gives funding instruments, advisory companies, and a wide range of different options to help its shoppers. Crypto mining and adaptive blockchain applied sciences are additionally provided by way of the corporate. Moreover, the corporate educates people in regards to the bitcoin trade at massive.

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On September 21^st, the corporate offered an replace on its month-to-month outcomes. In August, the corporate achieved gross income of $9.8 million, which was a complete 223% enhance 12 months over 12 months. The corporate’s earnings from operations rose 1,213% throughout this identical interval as properly. Investview’s web income was $8.7 million, a complete 198% enhance 12 months over 12 months. What’s price noting is that its iGenius and SAFETek subsidiaries had been an integral a part of this success. These outcomes are thrilling, and haven’t but been absolutely mirrored in INVU’s share costs.

“We proceed to be happy with the outcomes of our enterprise segments, iGenius and SAFETek. Our subsidiary iGenius, which delivers monetary schooling, expertise, and analysis to people recorded its highest gross income from subscription gross sales for the month, a results of continued progress in our subscription membership.” 

The CFO of Investview, Ralph Valvano

On October 6^th, INVU inventory’s quantity was about double its common out there. Traders ought to remember that as an OTC inventory at round $0.12, shares of INVU inventory might be fairly risky. Nevertheless, with its current momentum and excessive quantity, it might be price including to your list of penny stocks to watch. 

Which Penny Shares Are You Shopping for Proper Now?

If you happen to’re seeking to generate income with penny shares, there are many choices. Nevertheless, earlier than you press the purchase button, just be sure you know precisely what your tolerance for threat is. That is one of the simplest ways to make sure that the shares in your record, align along with your portfolio and investing targets. So, with all of this in thoughts, which penny shares are you shopping for proper now?