In this article, we will take a look at the 5 hot penny stocks on the move. To see more such companies, go directly to 14 Hot Penny Stocks On the Move.
5. Galaxy Next Generation, Inc. (NYSE:GAXY)
Share Price Gains: 50%
Galaxy Next Generation, Inc. (NYSE:GAXY) makes hardware and software for interactive learning.
Galaxy Next Generation, Inc. (NYSE:GAXY) is up about 50% as of August 5. According to Yahoo Finance data Galaxy Next Generation, Inc. (NYSE:GAXY)’s average volume over the past three months is 37.5 million.
4. ProText Mobility, Inc. (NYSE:TXTM)
Share Price Gains: 60%
Florida-based ProText Mobility, Inc. (NYSE:TXTM) is a biotech company that is engaged in the development of botanical medicines. In October 2021, ProText Mobility, Inc. (NYSE:TXTM) announced to acquire “a premier vodka Brand in the prestigious category of top shelf vodka products.”
ProText Mobility, Inc. (NYSE:TXTM) is up about 60% as of August 5. According to Yahoo Finance, ProText Mobility, Inc. (NYSE:TXTM)’s volume as of August 5 stands at 10.33 million, while its average volume for the past three months is 4 million.
3. North America Frac Sand, Inc. (NYSE:NAFS)
Share Price Gains: 61%
North America Frac Sand, Inc. (NYSE:NAFS) ranks 3rd in our list of the top hot penny stocks on the move. As of August 5 North America Frac Sand, Inc. (NYSE:NAFS) was up over 61%. North America Frac Sand offers medical tourism and telemedicine services.
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.
1. Metatron, Inc. (NYSE:MRNJ)
Share Price Gains: 9900%
Delaware-based Metatron, Inc. (NYSE:MRNJ) is a digital content distribution and mobile app company. Metatron, Inc. (NYSE:MRNJ) tops our list of the hot penny stocks on the move since it was up about 9900% as of August 5. Some of the biggest catalysts for Metatron, Inc. (NYSE:MRNJ) is the company’s AI-related announcements. In April Metatron, Inc. (NYSE:MRNJ) announced an AI-based platform to generate art and copy for content creators. The platform will also support crypto payments. Crypto and AI are expected to be two of the hottest market themes in the near future.
In September 2022 Metatron, Inc. (NYSE:MRNJ) had launched an AI applications division. This showed a lot of foresight at Metatron, Inc. (NYSE:MRNJ)’s end since this move came before the launch of ChatGPT and the AI mania that ensued.
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