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What Are the Top Penny Stocks to Watch in 2021?

Emma MarroneVerified
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Summary：Looking for an all penny stock list? Check out these top penny stocks to watch in 2021 for potential high risk, high reward investments. From biopharmaceutical to shipping companies, there's something for everyone.

As we head into 2021, investors are looking for thetop penny stocksto watch. Penny stocks are stocks that trade below $5 per share and are often considered high risk, high reward investments. Here are some of the top penny stocks to watch in 2021 and why they may be worth considering.

1. Ocugen Inc. (OCGN)

Ocugen Inc. is abiopharmaceuticalcompany that focuses on developing gene therapies to treat rare eye diseases. The company has recently partnered with Bharat Biotech to develop a COVID-19 vaccine for the US market. This partnership has the potential to drive significant revenue growth for Ocugen, making it a top penny stock to watch in 2021.

2. Sundial Growers Inc. (SNDL)

Sundial Growers Inc. is a cannabis producer that focuses on cultivating high-quality cannabis products. The company has recently undergone a restructuring process, which has resulted in a significant decrease in debt and an increase in cash on hand. This financial stability, combined with the growth potential of the cannabis industry, makes Sundial a top penny stock to watch in 2021.

3. Matinas BioPharma Holdings Inc. (MTNB)

Matinas BioPharma Holdings Inc. is a clinical-stage biopharmaceutical company that focuses on developing therapies for infectious diseases. The company's lead product candidate, MAT2203, is a potential treatment for fungal infections, which is a growing problem in the healthcare industry. With the potential for significant revenue growth, Matinas BioPharma Holdings Inc. is a top penny stock to watch in 2021.

4. Castor Maritime Inc. (CTRM)

Castor Maritime Inc. is a shipping company that focuses on transporting dry bulk cargo. The company has recently acquired several vessels, which has resulted in a significant increase in revenue. With the potential for continued growth in the shipping industry, Castor Maritime Inc. is a top penny stock to watch in 2021.

Investment Tips

Investing in penny stocks can be risky, but there are several strategies you can use to minimize your risk:

1. Do your research: Before investing in any penny stock, make sure you understand the company's business model, financials, and growth potential.

2. Diversify your portfolio: Investing in multiple penny stocks can help spread your risk and increase your chances of success.

3. Set a stop-loss order: A stop-loss order is a pre-determined price at which you will sell your shares if the stock falls below a certain level. This can help limit your losses if the stock does not perform as expected.

In conclusion, the top penny stocks to watch in 2021 offer significant growth potential, but investors should approach these investments with caution and do their due diligence before investing. By following the tips mentioned above, investors can minimize their risk and increase their chances of success.

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