5 Hot Penny Stocks On the Move

2. Missfresh Limited (NASDAQ:MF)

Share Price Gains: 300%

China-based fresh produce and consumer goods company Missfresh Limited (NASDAQ:MF) is making moves after the company said it entered into two separate share purchase agreements with two investors. According to Missfresh Limited (NASDAQ:MF)’s announcement certain investors have agreed to subscribe to 5.4 billion Class B ordinary shares of the company for $27 million. Upon completion of the transactions the new investors will hold about 88.1% of Missfresh Limited (NASDAQ:MF)’s total issued and outstanding shares. Missfresh Limited (NASDAQ:MF) was up about 300% over the past 5 days as of August 5.