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8 Penny Stocks Reopenings To Watch For This Year
Penny stocks that are reopening are among the hottest small caps of the year. With vaccine rates at an all-time high and Covid cases at their lowest level in months, investors are excited about the future. For those unfamiliar, penny stocks reopenings are the ones that have benefited or will benefit from the reopening of the economy.
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This includes stocks like those in the entertainment industry, mining stocks, and more. As always, investors should consider the company's financials in addition to speculative factors. These are the best ways to get a complete picture of penny stocks and their short- or long-term opportunities.
This article is a continuation of “3 Penny Stocks Reopening To Watch Cases Hit New Lows”. With that in mind, here are eight reopened penny stocks for your 2021 watchlist.
8 Penny Stocks reopening for viewing
Senmiao Technology Ltd. (NASDAQ: AIHS) Express, Inc. (NYSE: EXPR) Harmony Gold Mining Co. (NYSE: HMY) Cinedigm Corp. (NASDAQ: CIDM) Yamana Gold Inc. (NYSE: AUY)
Senmiao Technology Ltd. (NASDAQ: AIHS)
An interesting penny stick that might be worth seeing is Senmiao. Based in Chengdu, China, AIHS is a provider of automotive transactions and other related services. This includes the sale of automobiles as well as the brokering of transactions, financing, management, operating leasing, guarantees and other services. AIHS leads the industry, which it recently expanded into the ride-hailing business as well. All of this shows that Senmiao is active in as many areas of the transportation industry as possible.
It recently announced a cooperation agreement with Didi, a leading ride-hailing platform in China. In the agreement, Didi will act as the order aggregator for Senmiao and Senmiao will operate the ride hailing platform.
“We are very happy to work with our long-term partner. Our focus was on building partnerships with key players in the space industry. Since our first launch in October 2020, Senmiao's online ride hailing platform has seen impressive growth as we have expanded into more cities and have plans to roll out to other major metropolitan areas where ride hailing is convenient and affordable Means of transport is becoming increasingly popular. "
Senmiao Chairman and CEO, Xi Wen
With this in mind, will AIHS be on your penny stocks watchlist?
Express, Inc. (NYSE: EXPR)
In the past few months, retail penny stocks have grown in value as more and more people shop around the world. Express in particular has seen a huge boom as Covid cases decline and more people shop in its personal stores. Over the past week, EXPR's shares have soared over 50%, which is an extremely substantial gain. As a company, Express is a leader in fashion retail. Seen in many malls across the country, Express is a staple in the US apparel market. Express is based in Columbus, Ohio and operates over 635 stores in the United States and Puerto Rico.
Since personal shopping is open again for vaccinated people, more and more people are going out. This has encouraged many to spend time in shopping malls across the country, increasing the demand for express products. Just a few days ago, EXPR's shares crossed penny stock status and are now just below the $ 7 mark. This is a clear indication of bullish sentiment and positive momentum for the company. Against this background, is it worth keeping an eye on the EXPR share?
Harmony Gold Mining Co. (NYSE: HMY)
With US inflation rising over the past year and a half due to government incentives, many investors are turning to gold. Investors do this to avoid the ebb and flow of the economy as gold is seen as a safety deposit. As a gold mining company, HMY offers an interesting way to get into the gold market without buying yellow bricks.
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As one of the largest gold mining companies in the world, Harmony Gold offers an interesting exposure profile for investors. The activities extend across South Africa and Papua New Guinea. In its mining portfolio, HMY has nine underground mines, one open pit mine and several South African surface operations. Given all of this, are gold stocks right for you? If so, HMY might be worth a first or second look.
Cinedigm Corp (NASDAQ: CIDM)
Another penny stock to check out today is Cinedigm Corp. This company is a leader in the digital entertainment industry. For over 20 years, CIDM has served hundreds of millions of consumers worldwide through its wide variety of digital and personal platforms. Consistency in the provision of premium content and compliance with frequently changing entertainment trends should be taken into account. In addition to serving content, it also provides streaming and technology services for the world's largest media, retail and technology companies.
Recently, Cinedigm announced that it would be included in the Russell Microcap Index. This will be the case at the end of 2021, which investors can look forward to. Cinedigm CEO Chris McGirk recently said: “The addition of Cinedigm to the index confirms our growth in the streaming business over the past year and has the potential to increase awareness among a broader range of institutional investors and further improve the liquidity of our stock With that in mind, is CIDM on your list of penny stocks to watch out for?
Yamana Gold Inc (NYSE: AUY)
Another hedge against long-term inflation could be the AUY share. Yamana Gold is considered a major player in the gold mining industry with a market capitalization of over $ 4 billion. In its most recent quarterly report, it posted net income of approximately $ 54 million, or $ 0.06 per share. This is sizeable and comes with a sizable cash balance of $ 678 million and an available credit of $ 750 million. This advantageous liquidity position distinguishes the AUY share from many other Gold Penny shares.
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His famous mine, the Canadian Malartic, was their diamond in the rough. This year alone, production rose to nearly 90,000 ounces in the first quarter. That's an increase from a little less than 65,000 last year. Combine that with new production from its Cerro Moro mine and it is projected that AUY could produce over 1,000,000 ounces of gold over the next three years. Given the increased interest in gold as a commodity and Yamana's increase in gold mining from AUY as a penny stock, what do you think to watch out for?
Is Penny Stocks reopening worth it or not?
As we start into the second half of 2021, the penny stocks are heating up. This is characterized by above-average ratings and several days with significant price gains across the board. While the past two to three months have not been ideal, many investors are excited about the future of penny stocks. Given this, is Penny Stocks worth reopening or not?
To read the rest of this article, go to 3 Penny Stocks reopened to watch falls hit new lows