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April 13, 2022, 5:50 p.m. EDT

Hot Penny Stocks to Watch In the Second Half of April 

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Transocean Ltd. /zigman2/quotes/208905612/composite RIG +2.69%

Transocean is a penny stock that we have covered multiple times in the past few months. And today, shares of RIG stock managed to shoot up by more than 4% at EOD. In the past month and six month periods, RIG stock has pushed up by more than 9% and over 15%. This highlights the bullishness on the energy industry right now and fossil fuels in particular.

If you're not familiar, Transocean is one of the largest offshore drilling contractors in the world. The company has operations in many countries around the world including the US, Norway, Scotland, India, and more. In its most recent announcement, the company stated that it would release its Q1 2022 earnings report on May 3rd. Earnings reports are always important for investors to consider as they present insight into how a company is doing. Considering that, does RIG deserve a spot on your list of penny stocks to buy this month?

Are Penny Stocks Worth Buying in April?

The answer to if penny stocks are worth buying, completely depends on what you're looking for. For some people, penny stocks can be a great way to make a quick profit. However for others, they can be a very risky way to lose your entire investment.

[Read More] Best Penny Stocks To Buy Now? 7 Stocks Under $1 With Big News Today

If you're thinking about buying penny stocks, it's important to do your research and understand the risks and what your own investing style is. In addition, know your goals and what you're looking for in an investment. Considering this, do you think that penny stocks are worth buying in April or not?

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COMTEX_405670423/2643/2022-04-13T17:50:22

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/208905612/composite
US : U.S.: NYSE
$ 3.44
+0.09 +2.69%
Volume: 22.49M
Aug. 5, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.34 billion
Rev. per Employee
$456,600
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