Are These Penny Stocks Worth Buying in 2022?
With another week of small stock trading winding down, there is a lot for investors to understand about the future. When it comes to small stock trading, investors need to think about what is happening in the world. At the moment, the biggest influencing factor in the stock market is Covid and specifically, the Omicron variable. This has led to other effects such as inflation, unemployment and shifting economic policies in the future.
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Last week, trading both class-cap and blue-chip stocks has been tough. A symptom of this increased extreme volatility we have seen over the past week or so. When it comes to small stocks, investors also need to understand how to trade. This means having a well-thought-out trading strategy that can adapt to the current conditions of the stock market. Having a trading strategy involves understanding the type of trader you are.
Are you a long-term trader and someone looking to hold out for months at a time? Or are you looking for short-term positions that can make big moves in just a few hours or days? Regardless, understanding who you are is very important. With all this in mind, let’s take a look at three penny stocks that could be worth watching in 2022.
3 Penny Stocks to Add to Wishlist for 2022
- Exela Technologies Inc. (NASDAQ: tell)
- Camper Energy Inc (NYSE: CEI)
- Tellurian Inc. (NYSE: TELL)
Exela Technologies Inc. (NASDAQ: tell)
Exela Technologies is a slim stock that we’ve covered a few times in the past few weeks. But, if you’re not familiar, let’s take a closer look. Exela is a pioneer in what is known as BPA or Business Process Automation. It has more than 4000 clients around the world in more than 50 countries which greatly expands its reach. This includes more than 60% of the Fortune 100. The company offers services such as workflow automation, integrated communications, finance and accounting, and human capital management.
All of these together make up a huge range of Exela offerings. On Wednesday, January 12, the company announced that it has expanded its relationship with Mastercard in Europe to begin supporting Giro payments automation. This relates to Exela’s XBP platform in the EMEA region, specifically Norway.
“We are proud to further develop our partnership with Mastercard and look forward to serving the entire Norwegian Giro payments market. This solution is part of XBP’s global rollout.”
Exela EMEA President, Vitaly Robow
Expansions like this are great news for the company and investors alike and can help instill confidence in the future. So, with all this exciting news in mind, would you include XELA on your small stock watch list going forward?
Camper Energy Inc (NYSE: CEI)
Another stock we’ve covered a few times over the past year or so is Camber Energy. Camber is often discussed as a social media stock and specifically a Reddit penny stock. As a result, shares have risen more than 30% in the past six months. This includes a massive 660% gain from August 30 to the end of September. While the shares have since corrected, the company is still making progress for now.
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If you’re not familiar, Camber Energy is a diversified energy stock that provides customized power and energy solutions. These are offered to a wide range of clients across North America. In addition, Camper holds stakes in several oil and natural gas assets across the United States as well as an exclusive license in Canada for a carbon capture system. During the first week of the year, the company announced the closing of a $100 million equity transaction with a large institutional investor. It reported $5 million in cash and promissory notes of $23.75 million each were paid.
“By committing to the funding, we can confidently pursue new acquisitions and other significant value-added initiatives throughout 2022, however we have the option to redeem all or part of the equity and not accept the funds if we do not believe it is in the company’s best interest to do so at a given time.” .
Camper CEO, James Doris
With all this in mind, does CEI deserve a place on your cash-to-watch list this month?
Tellurian Inc. (NYSE: TELL)
TELL stock has been one of the most popular cash stocks in the past few weeks. In the past five days, stocks are up more than 7%, which is very important for energy stocks. Tellurian is a producer and developer of natural gas assets. The company operates the marketing and trading of LNG as well as an LNG export facility with a capacity of 27.6 million tons per annum and a pipeline included in it.
Last November, Tellurian announced a $50 million IPO with an aggregate principal amount of 8.25% of the priority bond maturing in 2028. This funding will be used for general corporate purposes as well as the acquisition of upstream assets in the future. Since then, not much news has come of the Tellurian. However, there is a lot of bullish sentiment prevailing in the oil and gas industry at the moment. With that in mind, will TELL be on your small stock buy list?
Are These Penny Stocks Worth Buying Now?
If you are looking for the best penny stocks to buy, there are hundreds to choose from. While it can be difficult to choose the best ones for your watch list, using a trading strategy and understanding how the market moves, will be crucial in your research. Now, when it comes to understanding the stock market in 2022, Covid and the Omicron variable remain the two most influential factors in how small stocks and blue chip stocks are traded.
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So, use it as an advantage and think outside the box. Since stocks are very profitable for speculation, this is a crucial factor for making money with small capitals at the moment. Additionally, taking into account which industries may see bullish interest in the near and long term, will aid in the process. So, given all this, do you think the small stock is worth buying now or not
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