Today, we will be looking at three penny stocks that are making waves in the market. GlycoMimetics, BIO-key International, and Shuttle Pharmaceuticals Holdings are the three companies to keep an eye on based on TipRanks’ Penny Stock Screener tool. Penny stocks are those that trade at or below $5 per share and have a market capitalization of less than $300 million.
Using the Penny Stock Screener tool, investors can scan stocks based on various parameters such as Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change. By leveraging this tool, we have identified the top three penny stocks with the highest Dollar Volume as of the close on October 30, 2024.
GlycoMimetics Inc. (GLYC) is a clinical-stage biotechnology company that focuses on developing treatments for cancer and inflammatory diseases. On October 30, GLYC had a Dollar Volume of $549.85 million, with its stock price dropping by 6.8%. This decline follows a spike in the stock price on Tuesday. The company recently announced a merger agreement with Crescent Biopharma, which led to a significant increase in its stock price.
BIO-key International, Inc. (BKYI) operates a technology platform that provides identity and access management solutions integrated with biometrics. BKYI had a Dollar Volume of $147.08 million on the previous day, along with a stock price increase of 2.5%. The company recently received a substantial order from a financial services client, resulting in a spike in its stock price.
Shuttle Pharmaceuticals Holdings, Inc. (SHPH) is a clinical-stage pharmaceutical company that is focused on developing cancer treatments. The company had a Dollar Volume of $98.49 million on the previous day, with its stock closing at $1.80, unchanged from the day before. SHPH recently announced the pricing of a stock and warrants offering, which led to a significant increase in its stock price.
If you are interested in finding more penny stocks like these, you can use TipRanks’ Penny Stock Screener tool to access a list of all penny stocks, their price movements, and other essential data. Keep an eye on these three penny stocks as they continue to make waves in the market.