The recent spate of uninspiring data, from unemployment to retail sales, has been blamed on the unrelenting cold and snowy winter. But one group that hasn't been affected, and isn't using the convenient "bad weather" excuse, is this list of penny stocks to watch now.
This week brought huge gains from several low-priced stocks across all sectors:
CHELSEA THERAPEUTIC NASDAQ: CHTP Feb 21 03:47 PM loading chart... Price: 6.01 | Ch: 0.06 (1.0%)
- In the micro-cap biotech sector, Chelsea Therapeutics Intl Inc. (Nasdaq: CHTP) shares climbed 35% to $6.80 Tuesday, after receiving fast-track FDA approval for its drug Northera, used to treat a rare form of low blood pressure.
- In the energy sector, Lightbridge Corp (Nasdaq: LTBR) shares spiked 29% to $2.98 Tuesday morning. The nuclear energy company announced the U.S. Patent and Trademark Office approved and issued a key patent for the company's fuel rod design and fuel assemblies. Shares tacked on another 15.44% Thursday, ending the session at $3.44. Friday, shares hit a fresh 52-week high of $3.60.
- In the small-cap technology sector, the penny stock Microvision Inc. (Nasdaq: MVIS) saw its shares enjoy a 134% gain to $1.35 Thursday, on news Sony Corp. (NYSE: SNE) will use Microvision's laser display technology in its new pocket-size projector module. Friday, shares added another 15% intraday to $3.38, just shy of its 52-week high of $3.49.
- In the penny stock real estate sector, Supertel Hospitality (Nasdaq: SPPR) shares surged 63.55% intraday Thursday to a high of $3.55 on heavy volume. The stock ended the session up 50.70%, or $1.09, to $3.24 Thursday, despite no news.
Penny stocks like these can result in double- and triple-digit gains in one day - huge profits for any investor able to handle the involved risks.
Following are four low-priced stocks that jumped in price and volume Friday. Add these to your "penny stocks to watch" list in 2014.Penny Stocks to Watch
Universal Business Payment Solutions Acquisition Corp. (Nasdaq: JTPY) shares surged more than 50% to $4.20 intraday Friday. The gains came after the company announced its JetPay division signed an agreement to process financial and data transactions for LifeMed's newest product: the medical services kiosk. JetPay is a nationally recognized transaction processor, pre-paid debit card issuer, and payroll and tax filing specialist. LifeMed ID is the U.S. industry leader in integrating the use of patient smart cards and biometric devices into the healthcare workflow, providing instant, secure, and private information exchanges between caregivers, medical facilities, and patients. The kiosks are expected to streamline hospital and office check-ins and to provide life-saving data to doctors. Additionally, it will allow for easy bill payments. Based in Berwyn, Pa., JTPY has 135 full-time employees and a $38 million market cap. Its 52-week trading range is $1.35 to $5.
Authentidate Holding Corp. (Nasdaq: ADAT) shares jumped some 35% to $1.48, on five times its average daily volume Friday. The rise came after the company posted a strong Q2 performance for fiscal 2014 and gave a profitable outlook for the current quarter. Based in Berkley Height, N.J., the company's IT solutions help a large number of healthcare providers in their online workflow management through automated billing applications and interactive voice response solutions for electronic house calls and other healthcare services. The company recently secured new licenses that will enable it to diversify its customer base and amplify sales volume. ADAT has a market cap of $53.29 million and no debt. Over the last year, shares have traded as low as $0.60 and as high as $1.88.
Solitario Exploration & Royalty Corp. (NYSE: XPL) shares rose 22% to $1.60 Friday on nearly 10 times its average daily volume, absent any news. But it's likely the Wheat Ridge, Colo., developmental stage exploration and mining company is benefiting from a renewed interest in precious metals after a brutal 2013. Solitario primarily explores for gold, silver, platinum, palladium, copper, lead, and zinc metal. It has properties in Peru, Brazil, Mexico, and Nevada. The company has a market cap of $55 million and modest debt. Its 52-week trading range is $0.76 to $1.68.
Sun Link Health Systems Inc. (NYSE: SSY) gained 11% to $1.20 Friday, riding on the coattail of recent gains across the healthcare sector. Founded in 1959, and based in Atlanta, Ga., the company operates two segments in the United States: Healthcare Facilities and Specialty Pharmacy. The Healthcare Facilities segment includes four acute care community hospitals. The Specialty Pharmacy segment provides specialty and institutional pharmacy services. Just last week, the company reported a much better than expected year-over-year quarter. For the quarter ended Dec. 31, its operating loss fell to $188,000 from $974,000 in the same quarter a year ago. And, earnings for its Specialty Pharmacy segment jumped to $419,000 from $124,000. The company has a market cap of 10.86 million. Shares have been trading between $0.51 and $1.88 over the last year.
The Hottest Investment Story Today: The One Thing You Must Know to Hit It Big with a Biotech StockTags: Best Biotech Stocks, best biotech stocks 2014, best penny stocks for 2014, biotech penny stocks, biotech stocks, biotech stocks 2014, biotech stocks to buy, biotech stocks to buy 2014, biotech stocks to watch, biotech stocks today, biotechnology penny stocks, invest in biotech stocks, list of penny stocks, penny stock, Penny Stocks, penny stocks 2014, penny stocks to buy, Penny stocks to buy 2014, penny stocks to watch, Penny Stocks Today, stocks to watch, Top 10 penny stocks