For the first time, the trading volume of penny stocks has surpassed $550 billion. Cannabis corporations, cryptocurrency trusts, and biotech companies have all aided in this expansion. According to data from OTC Markets Group, the total amount of trades in 2020 was crossed in October. The rise of penny stocks has been spurred by the advent of internet platforms like Robinhood and commission-free trading methods. According to some observers, the rise in OTC trading is due to retail investor “boredom” with cryptocurrencies and meme stocks.
Here is Insider Monkey’s list of the 10 penny stocks to buy in December. Vicinity Motor Corp. is a Canadian automaker that is increasing its electric vehicle investment. EV chassis sales secured a new line of business for the company in 2021, with excellent growth potential heading into the new year. Lion Group Holding Ltd. has a market capitalization of $72 million and reported revenue of more than $10 million last year. The stock has a short interest of above 5%, with a volume of 111,583,583. Palisade Bio, Inc. is a Maryland-based biopharmaceutical business. Authorities in the United States granted the firm a patent for LB1148. The medication is used to treat adhesions and postoperative ileus. In late November, Inspira Technologies Oxy B.H.N. Ltd. reported third-quarter earnings. The company has a market capitalization of more than $20 million. Its stock has risen due to a lot of conversation about the company on social media sites like Reddit. VivoPower International PLC is a company that provides sustainable energy solutions. The stock jumped more than 13% on December 13 when the business announced that it had signed a letter of intent to buy GB Autos and GB Electric Vehicles. For more details, click 10 Penny Stocks To Buy In December.