Top Penny Stocks To Watch In Q1 2022

    Author Edwin NgarariPosted on Categories Penny StocksTags , , , , , ,
    penny stocks

    With the first month of 2022 drawing to a close, there is still plenty of optimism among investors that a number of penny stocks could rise higher despite the weakness in the broader stock market. As the Omiron variant shows the potential of the pandemic to shift to an endemic, hopes of accelerated GDP growth remain high. But even if penny stocks fail to perform as impressively as they did in the previous year, we still remain confident that there is no shortage of opportunities that investors should watch out for. 

    Therefore, let us take a look at some penny stocks that deserve to be on your watchlist for the first quarter of this year.   

    Penny Stocks To Watch: Uranium Energy

    Thanks to the recent focus on renewable and clean energy sources, Uranium Energy (NYSE:UEC) is one of the well-positioned companies to reap big from this trend. The company’s main business is extracting and processing uranium and titanium. The stock recently corrected to $2.65 from this year’s high of $3.85, although this shouldn’t be a significant cause of concern. The company has 4.1 million lbs of uranium and owns 118,000 acres in Wyoming’s uranium-producing Power River and Great Divide Basins and with such a solid resource base, the valuation is likely to adjust higher.

    Pluristem Therapeutics Inc.

    Pluristem Therapeutics (NASDAQ:PSTI) has been in the news considerably over the past couple of days. The company recently announced that it was partnering with Tnuva, Israel’s largest food conglomerate, to leverage its cell-based tech platforms to develop cultured meat products for the alternative meat markets.

    MDJM 

    If you want to play the housing market in China, MDJM (NASDAQ: MDJH) offers a great way to do so. MDJM is a small consulting firm in China’s real estate market that currently trades at $1.84 per share with a market capitalization of $20.1 million. Though the company reported a slight decline in its H1 2021 revenue due to the cooling down of new construction in the residential housing market, this is likely to change this year as the effects of the global pandemic show signs of subsiding.