The US stock market has had a strong start of the month, with NASDAQ and other stock indexes closing at their record highs on several occasions. The latest Nonfarm Payrolls data released last Friday has probably spoiled the party, but stocks are winners anyway, as the Fed is forced to continue the ultra easy monetary policy and postpone the tapering of its bond-buying program.
Speaking about the global stock markets and the relationship with the Fed, Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities, told Reuters:
“It’s the service sector that is losing steam and that clearly shows the impact of Delta variant. And the Fed has no reason to insist on tapering this year if the Delta variant is having an impact. After all its policy moves are contingent on job recovery.”
Despite disappointing labor market data, NASDAQ ended higher on Friday, driven by big tech stocks that usually perform better in a low interest-rate environment.
Elsewhere, the OTCQX Composite index, which tracks over 400 penny stocks, continues to fluctuate near its all-time high.
Penny stocks are a better investment option compared to blue chips as they can generate greater returns due to their smaller market cap.
FINDING OPPORTUNITIES IN TOP PENNY STOCKS
There are plenty of opportunities for investors if they follow us here at Insider Financial.
The key to trading stocks is finding the momentum BEFORE it happens and then be patient. Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.
It’s also best to own a portfolio of penny stocks. For some that can be as many as 10 to 20 or more penny stocks that include both OTC stocks and NASDAQ penny stocks.
We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.
The fact is that there is always a bull market somewhere. That’s why it’s important for penny stock investors to trade both OTC and NASDAQ stocks, and sometimes get exposure to larger companies that still seem to have massive growth potential. There are always opportunities if you give yourself the flexibility to trade all markets.
In this article, we take a look at 4 best penny stocks to buy in September 2021, two of which are listed on NASDAQ. They are Bitfarms Ltd (NASDAQ: BITF), Enveric Biosciences Inc (NASDAQ: ENVB), HUMBL, Inc (OTCPK: HMBL), and American Lithium Corp (OTCQB: LIACF).
Best Penny Stocks To Buy in September 2021 #1 BITF
Bitfarms Ltd has had a great start of the month, gaining over 10% so far. The NASDAQ-listed stock used to be a penny stock, but it no longer is. In August 2020, you could buy BITF for only $0.30 per share. Now the stock is trading at $6.41 and is ready to break above its recent high at $7.28.
The $1 billion company is operating in the crypto industry. Specifically, it mines Bitcoin and altcoins in North America, although it focuses on Bitcoin. It is currently one of the biggest Bitcoin miners on the continent. BITF owns and operates server farms comprising computers that validate transactions on Bitcoin’s blockchain to earn cryptocurrency from block rewards and transaction fees.
It also provides power to commercial and residential customers in Quebec, Canada.
The recent price spike seems to be driven by external factors, as the price of Bitcoin and other coins have been on the rise. The largest cryptocurrency by market cap has broken above the $50,000 mark and hit the highest level since mid-May, making mining operations even more profitable.
Earlier this year, Bitfarm said that it had mined 391 new Bitcoin in July, which is the company’s largest monthly production rate achieved so far, representing about 96% more than its mining production in January. As of today, BITF is mining between 12.5 and 13.5 Bitcoin each day.
In the first seven months of the year, BITF mined 1,748 Bitcoin, which is the largest number of Bitcoin mined in North America as reported by publicly traded miners.
The company has deposited 1,678 Bitcoin into custody, which is about 96% of its Bitcoin production this year and valued at almost $90 million based on the current price of $52.2k per BTC.
So is there more room for growth? Definitely yes, especially considering that BITF stayed flat in August as Bitcoin started to gain traction.
$BITF Has mined more #Bitcoin than both $MARA and $RIOT this year! And they did it using green energy! Fundamentals are starting to reflect in share price. We saw it with $HUT, we’ll see it with $BITF. pic.twitter.com/PQSIF2VwsR
— Sam Peterson (@realsampeterson) September 6, 2021
Earlier this year, CEO Emiliano Grodzki said last month:
“From the beginning of 2021 through the end of 2022, we expect to have increased our capacity eight-fold and have expanded our geographic resources throughout North and South America while continuing to pursue opportunities elsewhere.”
We think BITF will continue to grow by the end of the year. Although much depends on the price of Bitcoin itself, it’s unlikely that the crypto will step back, especially amid the inflation that may get out of control. Dips continue to be bought.
Best Penny Stocks To Buy in September 2021 #2 ENVB
Another NASDAQ-listed stock on the rise is Enveric Biosciences Inc. The penny stock has increased over 44% during the last five trading days and more than 30% in the last month to trade at $2.63. However, ENVB has just bounced back from the lowest level since December 2020, and it has actually declined since the beginning of the year. It means that the reversal of the long-term bearish trend is only starting, and it’s the right time for investors to jump in.
The $50+ million Florida-based company develops various cannabinoid medicines for cancer care. It has a pipeline of development programs for radiodermatitis, glioblastoma multiforme, pruritus, rashes, and dry skin, and chemotherapy-induced neuropathy.
The recent price increase has to do with the ongoing acquisition of MagicMed Industries Inc, which was announced earlier this year. In May, ENVB confirmed the definitive agreement of the acquisition of the privately-held biotech firm that creates a library of novel derivative psychedelic molecules such as psilocybin, N,N-dimethyltryptamine (DMT), and other molecular derivatives with applications across multiple indications.
MagicMed’s library, known as Psybrary™, includes novel psychedelic derivatives developed through the combination of synthetic biology and traditional chemistry techniques. MagicMed has 13 patent applications filed for derivatives of psilocybin and DMT, 2 patent applications filed for derivatives of mescaline and MDMA with further intellectual property protection for mescaline, MDMA, ibogaine, and LSD in process.
Enveric said that the acquisition will expand and complement its current pipeline of naturally occurring compounds, which is primarily focused on cannabinoids, to now include a robust portfolio of psychedelic-derived molecules. Enveric intends to continue to develop patient-centric support care therapies in oncology and central nervous system (CNS) indications. Upon closing, Enveric intends to commence drug discovery and development for the treatment of cancer-related Post Traumatic Stress Disorder (PTSD) patients who are currently in treatment for cancer and those who are in remission.
Since it’s an all-stock transaction, the deal is subject to several ongoing investigations that claim ENVB shareholders will end up with only 63.4% of common stock of the resulting company.
While existing shareholders might be unhappy, new investors may find the post-merger company in a good position to expand its business. The bullish sentiment comes in anticipation of the stockholder meeting scheduled for September 14, when the closing of the transaction with MagicMed will likely be announced.
Last month, ENVB CEO David Johnson said that the company had a strong balance sheet of about $20 million in cash, no debt, and an efficient capital table.
We are quite bullish on ENVB, which is an emerging next-gen neuroscience platform.
Best Penny Stocks To Buy in September 2021 #3 HMBL
HUMBL, Inc is another company that has recently bottomed and is ready to start a long-term bullish trend. The OTC stock with the Pink Current status – although it’s 16 times larger than the NASDAQ-listed ENVB – has gained about 5% during the last five days.
On August 20, the penny stock dropped below $0.70 to touch the lowest level since the beginning of the year. Today, you can buy the stock for $0.94 per share. In February, HMBL hit a YTD high at over $7.72, so there is much room for growth.
We covered HMBL in a dedicated article in November 2020, shortly after the company became public as a result of a merger. Any that bought on the back of overage at $.027 and held into February would have seen potential gains of over 28,000%!!
HUMBL is a web 3 platform whose goal is to connect consumers and merchants in the digital economy across its HUMBL Mobile Applications, HUMBL Marketplace, and HUMBL Financial divisions. HUMBL Mobile Applications deliver more seamless global transactions, by integrating multiple currencies, payment methods and financial services.
HUMBL Marketplace was developed to connect customers and merchants online, in improved global commerce, deal discovery and blockchain tokenization programs. HUMBL Financial has developed new software and algorithms for the digital asset trading markets, which represent a new global market for blockchain technologies, and will also offer other credit, lending and financial services.
It’s worth mentioning that HUMBL Financial products are not available in the US and other select countries, and are not being marketed to US customers.
Investors are now excited about HUMBL’s NFT Gallery, which launches on September 7. The gallery is connecting creators and buyers in the digital economy. HUMBL is collaborating with key partners to create and sell curated collections of non-fungible tokens (NFTs) through the use of blockchain technology. It will feature NFTs across categories like sports, entertainment, fashion, photography, and art.
NFTs are special blockchain-based tokens that have unique value and represent distinct digital or physical assets. It has become one of the fastest-growing sectors within the crypto industry. The NFT craze peaked in March, slowed down in the following months, and then surprisingly surged to incredible levels in August, mainly thanks to the Art Blocks platform.
— Messy7474 (@messy7474) September 5, 2021
We’re bullish on HMBL as it enters the NFT market at the right time. In August, OpenSea, the largest NFT marketplace, saw a record $3.4 billion in transactions, which is 10 times more than in July. For HMBL, the best-case scenario is that it will secure revenue of hundreds of millions by the end of 2021, which will reflect on its share price.
— Shane Sennett (@shanesennett) September 3, 2021
Best Penny Stocks To Buy in September 2021 #4 LIACF
American Lithium Corp has been on the rise for a while, gaining 28% over the last five trading days and over 70% since the beginning of August. The penny stock is currently trading at $2.31, updating the highest level since March.
LIACF is listed on OTCQB and goes with the penny stock exempt symbol on OTC Markets. The $400+ million company is well-positioned to play a leading role in society’s shift to a secure, sustainable new energy paradigm in the Americas. In the US, LIACF owns the TLC claystones lithium deposit, located in close proximity to Tesla’s giga-factory in Nevada.
Following the acquisition of Plateau Energy Metals, American Lithium is advancing the large-scale Falchani hard rock lithium deposit, as well as one of Latin America’s most prolific uranium deposits, known as Macusani, both of which are located in Peru. With a near-term focus on these mining-friendly jurisdictions, the company has the advantage of both geographic and geological diversity in developing these world-class, scalable projects.
Two weeks ago, LIACF reported the largest lithium extraction results to date, achieving 97.4% extraction utilizing warm sulfuric acid leach on Tonopah Lithium Claims (TLC) claystone mineralization.
LIACF’s COO Dr. Laurence Stefan said:
“We are pleased to have achieved the highest lithium extraction to date from TLC using simple sulfuric acid processing with almost the entire amount of lithium available extracted into sulfate solution. We continue to focus on optimizing the best process routes from both economic and environmental perspectives and, thereafter, to advance TLC through PEA (Preliminary Economic Assessment) towards future development.”
The company has a healthy balance sheet and will gradually expand as it increases production.
THE FINAL NOTE
Now is a great opportunity to invest in top penny stocks with great potential. Our job is to identify the best stock alerts with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio oriented at penny stocks.
The 4 top penny stocks discussed today are on the rise and are good stocks to hold. Nevertheless, our best advice is to be patient and enter the market during corrections. Buying dips and selling rips as swing trades remains the best strategy in the stock market. Still, whenever a hot stock is in the middle of a bull run, we recommend our subscribers to book profits.
It’s very important to eye penny stocks that have room for growth and have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.
Remember, all you need is one or two penny stocks to run in order to crush the market averages.
As always, good luck to all (except the shorts)!
WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!
Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.