Robinhood Shares That Can Be Purchased For Pennies
Whether or not you name them “penny shares” or “low cost shares,” there’s one thing thrilling about a few of the lowest-priced names within the inventory market immediately. They arrive with loads of dangers, and brokers know this. Resulting from issues like manipulation, which the OTC is thought for, many brokers, like Robinhood, prohibit entry to firms that aren’t listed on a significant alternate.
Whereas this would possibly lower off a few of the least expensive shares, like these buying and selling at $0.0001, it doesn’t shut the tap off on all low-priced shares. You will discover some that may be purchased for pennies. On this article, we take a look at a listing of shares below $1 that launched huge information & are turning heads within the inventory market this week.
Low cost Robinhood Shares To Watch
Now, whether or not you commerce shares on Robinhood or one other platform, the theme of this checklist is shares listed on main exchanges. These exchanges embody the NASDAQ and NYSE, so technically, these shares might be traded utilizing any dealer. It simply so occurs that Robinhood, particularly (together with Webull typically), limits entry to its customers, particularly concerning a few of the least expensive shares available in the market.
Ontrak Inc. (OTRK)
Shares of Ontrak have been on the transfer for the reason that starting of the yr, which information catalysts have helped significantly. The telehealthcare know-how firm up to date an settlement with Optima Well being to focus extra on its business members who want care and therapy probably the most. The deal equates to an estimated 10%-15% bounce in Ontrak’s outreach pool as soon as it launches this month.
OTRK Inventory Information
This week continued the development of recent milestones being launched. The corporate introduced new knowledge that confirmed a discount in despair and anxiousness signs for Ontrak’s Wholehealth+ Program members. Via its platform, Ontrak has been capable of institute formal PHQ-9 and GAD-7 assessments to realize insights into psychological well being therapy progress and care.
“The inclusion of PHQ-9 and GAD-7 assessments within the Ontrak Wholehealth+ program is a crucial step in measuring psychological well being enhancements for our members…Offering enrollees with entry to and interpretation of their evaluation scores over time helps members higher determine focused psychological well being considerations, resulting in better involvement of their therapy outcomes,” defined Chief Medical Officer Judith Feld, MD, MPH, MMM.
Volta Inc. (VLTA)
If Volta appears acquainted, you in all probability learn some current articles on PennyStocks.com. It was an organization mentioned this week within the article “5 Penny Shares Below $1 With Excessive Quick Curiosity This Week,” centered on quick curiosity. The corporate’s PredictEV infrastructure planning instrument makes use of behavioral sciences to assist plan EV infrastructure effectively.
It additionally manages a community of charging stations that additionally double as digital promoting through their large-format screens. Moreover bullish sentiment within the EV area and excessive hypothesis stemming from the most recent surge briefly squeezes, information this week has prompted a considerable bounce in VLTA inventory.
VLTA Inventory Information
This week Volta introduced huge acquisition information. The corporate and Shell USA signed a merger deal through which Shell buys VLTA for roughly $169 million. The corporate will convey Volta’s twin charging and media community to Shell’s model. The transaction is predicted to shut within the first half of 2023.
Social gathering Metropolis Holdco (PRTY)
One other one of many low cost Robinhood shares which may appear acquainted is Social gathering Metropolis Holdco, which was talked about in the identical article as VLTA inventory. Social gathering Metropolis may have no introduction because it has develop into a well known title for occasion provides, costumes, and associated merchandise. The corporate has fallen on onerous instances because of a shakey retail market; nevertheless, day by day motion continues to maintain curiosity of merchants.
Restructuring discussions have been ongoing with its advisers as studies floor that the corporate might have been planning for chapter safety “inside weeks,” in response to Wall Avenue Journal sources. Regardless, it hasn’t stopped merchants from taking a more in-depth take a look at different elements of the inventory. That upbeat sentiment stays in place even after this week’s headlines.
PRTY Inventory Information
Social gathering Metropolis introduced an settlement with its noteholders to assist with restructuring processes. The corporate additionally stated it filed for voluntary Chapter 11 reduction to execute pre-negotiated restructuring with its bondholders. Social gathering Metropolis’s noteholders have dedicated $150 million in debtor-in-possession financing, and restructuring is predicted to be accomplished subsequent quarter.
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Vistagen Therapeutics Inc. (VTGN)
Biotech penny shares have seen no scarcity of curiosity within the inventory market in 2023. Vistagen could also be one of many least expensive on this checklist of penny shares to have tried to reclaim a few of what it misplaced over the past yr. The corporate makes a speciality of growing therapies for central nervous system issues, despair, and anxiousness.
VistaGen just lately expanded its patent safety for its PH94B platform through nationwide functions on the US Patent and Trademark Workplace. This goals to additional shield the candidate in treating adjustment dysfunction. This is identical strategy VistaGen took to guard its different central nervous system issues with anxiousness. This month, PH94BB stays in focus after Vistagen’s newest replace.
VTGN Inventory Information
Vistagen’s newest replace consists of the completion of its final affected person and final go to in its Part 2 scientific trial of PH94B. Topline outcomes are actually anticipated by the tip of this quarter.
Commenting on the milestone, CEO Shawn Singh stated, “Together with many different psychological well being challenges, the prevalence of adjustment dysfunction is alarming because of rising ranges of well being, security, financial and social stressors that adversely impression psychological well being and wellbeing. Vistagen is devoted to growing therapies to deal with the escalating psychological well being disaster. We stay up for finishing knowledge evaluation for this essential examine over the approaching months.”
Cybin Inc. (CYBN)
Mushroom shares are actually a factor, and it doesn’t look like they’re going wherever anytime quickly. Regardless of the breakdown in shares with publicity to that market area of interest, firms stay centered on progressing their therapy pipelines. Cybin is one in every of these firms, and up to date headlines in 2023 have helped propel shares considerably increased.
Earlier this month, the corporate gained consideration. This got here after information that Missouri lawmakers revised a therapeutic psilocybin legalization invoice for the 2023 session. The headlines additionally triggered a transfer throughout the psychedelic inventory trade. Cybin additionally outlined upcoming priorities and milestones for its scientific improvement packages in a separate replace. Considered one of these priorities was advancing its CYB004 platform for anxiousness issues. There’s an replace on this system, which is predicted by the tip of subsequent month. Along with near-term potential catalysts, this week’s Cybin headlines have additionally performed a component within the newest uptrend for the inventory.
CYBN Inventory Information
Cybin launched highlights from a feasibility examine by Kernel, which evaluated Kernel’s Stream wearable know-how. It aimed to measure the psychedelic results of ketamine on cerebral cortex hemodynamics. Commenting on the highlights, CEO Doug Drysdale defined, “The opportunity of utilizing this know-how to develop a predictive instrument to assist in figuring out acceptable candidates for psychedelic-based remedy can also be fairly thrilling, as is the comfort of a transportable system, which may lend itself to extra widespread use in scientific settings.”