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April 5, 2022, 1:47 p.m. EDT

Good Penny Stocks to Invest in Right Now? 3 to Watch 

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    Uranium Energy Corp. (UEC)

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Uranium Energy Corp. /zigman2/quotes/205649659/composite UEC +6.52%

With over 5% in gains at midday, Uranium Energy Corp. is another penny stock that is on many investors' watchlists right now. While we do see large gains without any news often with penny stocks, UEC Made an exciting announcement during trading today. The company stated that it has filed a Technical Report Summary with the SEC regarding its hub and spoke project in Wyoming. Only a few months ago, the company announced that it had acquired Uranium One, which is the fourth-largest producer of uranium in the world.

And since then, the company has moved forward with several major mining projects. This includes the Irigaray processing facility, which has now become a central hub for processing seven of its other Wyoming-based uranium mining operations.

Right now, there is also a major emphasis on the energy industry. Because UEC is a pure-play energy penny stock , it has received a sizable amount of attention. And given the increasing price of oil over the past few weeks, many investors are looking at renewables such as nuclear, to be the future of the energy market. Considering all of this, do you think UEC stock is worth buying or not?

Which Penny Stocks Are You Buying Right Now?

Finding the best penny stocks to buy is all about understanding where to look. Because there is so much going on in the stock market, it comes down to investors to know how to take advantage of these events.

[Read More] Hot Biotech Penny Stocks to Watch During the First Full Week of April

As stated earlier, penny stocks are extremely speculative. This means that they will continue to be affected by news. So, always stay up to date on your own strategy and how that is being used as an advantage. With all of that in mind, which penny stocks are you buying right now?

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COMTEX_405270474/2643/2022-04-05T13:47:22

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/zigman2/quotes/205649659/composite
US : U.S.: NYSE American
$ 3.43
+0.21 +6.52%
Volume: 9.42M
Sept. 27, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.08 billion
Rev. per Employee
$491,133
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