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Why these 3 penny stocks exploded today

3 penny stocks that blew up during today’s trading

If you’re looking for the best penny stocks to buy, there are hundreds to choose from. And after several days of bearish trading in the market, we are seeing some penny stocks making explosive gains right now. Although it is difficult and almost impossible to predict which penny stocks we will see gains in the coming weeks, we can use the information at our disposal to try to make assumptions.

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This involves looking at the news, press releases and any information published by the company. All of this information will give you the best chance of making money on penny stocks in 2022. So while the volatility is extremely high, penny stocks don’t like to play by the same rules as blue chip stocks. For that reason, there are still ways to profit even on bearish trading days. With all of this in mind, here are three penny stocks that blew up during today’s trading.

3 penny stocks to add to your watchlist right now

  1. Sidus Space Inc. (NASDAQ: SIDU)
  2. Evoque Pharma Inc. (NASDAQ: EVOK)
  3. Comera Life Sciences Holdings Inc. (NASDAQ: CMRA)

Sidus Space Inc. (NASDAQ: SIDU)

One of the biggest gainers on June 15 is SIDU stock. By EOD, SIDU shares had soared a staggering 110% to over $3.06. This is a huge gain for the company Just six months ago, SIDU stock was well above $10 a share. Therefore, to understand whether or not it is worth buying, we need to take a closer look at why stocks are rising right now.

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Today, the company announced that it is a teammate in NASA’s $3.5 billion exploration contract. This contract deals with extravehicular activity services. The company claims that this xEVAS contract could be worth $3.5 billion in the next few years to 2034.

“We are proud to be part of the Collins xEVA team in developing and manufacturing next-generation spacesuits to support ISS and Artemis, enabling humans to walk and explore the moon.

For the past 10 years, Sidus has been manufacturing space hardware and participating in all major space projects. We look forward to playing a significant role in this exciting opportunity, continuing our legacy of creating new revenue streams through strong partnerships.”

Sidus Space CEO Carol Craig

With all this in mind, do you think SIDU stock is worth adding to your list of penny stocks or not?

Penny_Stocks_to_Watch_Sidus

Evoque Pharma Inc. (NASDAQ: EVOK)

Another big winner on June 15 is EVOK stock, which soared more than 45%. If you’re not familiar, Evoke Pharma is a specialty pharmaceutical company working on treatments for gastrointestinal diseases. This includes an emphasis on GIMOTI, which is a nasal spray. The company recently stated that the Florida Medicaid Committee on Pharmaceutical and Therapeutic Products approved adding GIMOTI to its preferred drug list, or PDL. This is an important deal from the company as it should add a lot of revenue for Evoke Pharma.

“Medicaid approvals in multiple jurisdictions are one of the main components of our business plan to increase access to GIMOTI. With this addition, we believe we are consistently executing the right strategies to ensure healthcare providers across the country have the option to make GIMOTI the standard of care for diabetic gastroparesis.”

Matt D’Onofrio, MBA, Chief Commercial Officer, Evoke Pharma

While this significant gain is highly speculative, it is encouraging for investors to consider. And, in the last few weeks, we’ve seen a lot of bullish sentiment with biotech penny stocks. This is one of the main reasons why EVOK is receiving more attention recently. Given that, will EVOK be on your penny stock watch list today?

Penny_Stocks_to_Watch_Evoke

Comera Life Sciences Holdings Inc. (NASDAQ: CMRA)

On June 15, we saw CMRA stock soar by a hefty 34%. And if this sounds like a lot, in the last five days, CMRA stock has soared by more than 145%. While there are no announcements about the company, including filings or reports, we have seen increased interest in CMRA stock due to social media.

The company recently went public on the NASDAQ on May 20, which could be part of the hype around the company. And as a biotech penny stock, it is also likely to benefit from the uptrend in the bio industry that we mentioned earlier.

The company claims that it intends to transform the way biological medicines are administered in the body. And it currently has a variety of associations that allow it to do so. So while CMRA is highly volatile, it might be worth adding to your list of penny stocks to watch.

Penny_Stocks_to_Watch_Comera

What actions of Penny are you looking at right now?

Finding the best penny stocks to buy in 2022 is challenging. And with so much going on in the stock market, it’s probably hard to keep up with the ins and outs of the market. But, the best way to take advantage of market momentum is to understand exactly what is happening and how to take advantage of it.

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Right now, we have issues like rising inflation, rising interest rates, and more. And because of this, we have seen a lot of bearish sentiment in the last couple of weeks. So with all of this in mind, what penny stocks are you looking at right now?

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Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

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