Investor Alert

June 2, 2022, 11:09 a.m. EDT

Best Penny Stocks To Buy Now? 4 To Watch Before Next Week

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With rising fuel costs, alternative sources have come into focus, and GEVO is one of the names on the list of penny stocks to watch.

Uranium Energy Corp. (nyseamerican:UEC)

This week another alternative energy company making headway is Uranium Energy Corp. (NYSEAMERICAN: UEC ). With Russian sanctions bottlenecking the energy supply chain, some are turning to nuclear power as a means to hedge against this issue.

Uranium Energy is a uranium mining company. Its low-cost, environmentally friendly-focused operations are centered around platforms in South Texas and Wyoming. There's also a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico, and Paraguay. In addition, Uranium Energy has a portfolio of U.S. warehoused U3O8 and stakes in uranium royalty projects.

[Read More] Top Penny Stocks To Watch As Monkeypox Cases Rise

One of the drivers of uranium stocks has been discussions on blocking Russian uranium imports. Like oil and gas, lower supply and higher demand have led to soaring prices. The uranium price per ounce is now over $55, sitting near record levels. In light of this, uranium penny stocks like UEC could be on the watch list.

Buying Penny Stocks

If you are brand new to trading penny stocks, welcome. While it might become intimidating at times, there are plenty of ways to make money in the stock market today. The first thing to understand is that risk comes with a potential reward, and penny stocks are some of the riskiest assets around. Here are a few articles to check out if you're just getting started:

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