Jan 19, 2022 (Penny Stocks via COMTEX) -- Ready to make 2022 your best year yet but confused on how to make money the way the stock market is today? Some are calling this the "Year of the Active Trader," and for a good reason. With broad sector stocks up one day and down the next, a long-term approach to trading is more complex than in years past. But rest assured, there are still plenty of ways to make money, and buying penny stocks is one of them.
What are penny stocks? If you're brand new to this world of cheap stocks, then you need a starting point. When we talk about penny stocks, we're referring to shares of companies trading below $5. The risk and reward are clear: cheap stocks can crumble, leaving you holding the bag, or they can experience explosive gains within a matter of minutes.
Learning how to trade them is even more important than finding them, in my opinion. So when we look at today's list of penny stocks , keep that in mind. If you're brand new to trading, I've included a few links to some educational material at the end of the article.
Penny Stocks To Buy For Under $4
ReTo Eco-Solutions ( NASDAQ: RETO )
Oncolytics Biotech ( NASDAQ: ONCY )
ADMA Biologics Inc. ( NASDAQ: ADMA )
Dare Bioscience ( NASDAQ: DARE )
1. ReTo Eco-Solutions /zigman2/quotes/202451453/composite RETO -2.86%
Re-To Eco-Solutions is a prime example of the full spectrum of emotions that penny stock traders go through. Late last year, RETO stock steadily climbed from under $1 to highs of over $3.30 before plummeting to $0.70 last month. There weren't any apparent bearish catalysts for that sell-off. But the uptrend was accompanied by several milestones reached by the company.
Thanks to its involvement in construction material production, the company was wrapped into the "reopening" trade. For example, one of its projects in China involves the company recycling reusable solid waste from iron tailings. According to the company, the materials yielded are anticipated to be worth roughly $43.7 million in annual sales.
In addition to projects like this, ReTo has also extended its reach into the Internet of Things. ReTo entered into an acquisition deal to buy Hainan REIT Mingde Investment Holding. This will give the company access to a 61.55% equity interest in Yile IoT Technology that REIT Mingde. Yile is developing Internet of Things technologies for auto rental, ride-sharing, and logistics in China. As this new deal unfolds, RETO stock is back in an uptrend.
2. Oncolytics Biotech /zigman2/quotes/204741333/composite ONCY -1.98%
Another one of the penny stocks to watch right now is Oncolytics Biotech. This comes after the company's recent update citing plans for 2022 related to its current AWARE-1 and BRACELET-1 studies in breast cancer treatment utilizing its pelareorep platform. Accordingly, the company is investigating the candidate as an "immunotherapy backbone" combined with other therapies.
This includes positive data supporting pelareorep's enhancements with Pfizer's talazoparib as well as Bristol Myers Squibb's azacitidine. Data presented at the 2021 ASH Conference showed the latter combo (pelareorep + azacitidine) reduced tumor burden in vivo and "upregulated" multiple genes that are known to propel anti-cancer immune responses.
CEO Dr. Matt Coffey explained to watch for certain near-term milestones, including completing enrollment in its BRACELET-1 trail in "early" 2022 with top-line data before year-end.
ONCY stock has been one to watch in January with this latest update.
3. ADMA Biologics Inc. /zigman2/quotes/202330829/composite ADMA +2.53%