5 Best Fundamental Penny Stocks To Invest In

1. Seelos Therapeutics, Inc. (NASDAQ:SEEL) 

Number of Hedge Fund Holders: 9

Share Price as of October 12: $0.9478

Seelos Therapeutics, Inc. (NASDAQ:SEEL) is a New York-based clinical-stage biopharmaceutical company, focused on the development and commercialization of therapeutics for the central nervous system, respiratory, and other disorders. On September 30, Seelos Therapeutics, Inc. (NASDAQ:SEEL) announced that it will collaborate with Sean M. Healey & AMG Center for ALS in an Expanded Access Program that will be fully financed by a grant from the National Institute of Neurological Disorders and Stroke under the ACT for ALS. Under this program, Seelos Therapeutics, Inc. (NASDAQ:SEEL) intends to enroll 70 patients in a 24-week, open-label study to evaluate SLS-005 in patients with ALS with its current Phase II/III study on the HEALEY Platform. This is a growth catalyst for Seelos Therapeutics, Inc. (NASDAQ:SEEL), making it one of the best fundamental penny stocks to monitor. 

Among the hedge funds tracked by Insider Monkey, 9 funds reported owning stakes worth $7.5 million in Seelos Therapeutics, Inc. (NASDAQ:SEEL) at the end of the second quarter of 2022, compared to 8 funds in the prior quarter worth $9.5 million. Jeffrey Gendell’s Tontine Asset Management is the largest stakeholder of the company, with nearly 5 million shares valued at $3.34 million. 

You can also take a look at Best Crypto Stocks To Buy and Best Asian Stocks To Buy. 

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