Promising Penny Stocks To Add to Your Watchlist – September 12th

Bitfarms, Wolfspeed, Allied Gaming & Entertainment, Office Properties Income Trust, and HIVE Digital Technologies are the five Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks are shares of small public companies that trade at a low price per share—typically under $5 on U.S. exchanges—or on over-the-counter markets. Because they represent companies with limited operating histories, low market capitalizations, and reduced liquidity, they carry a higher risk of price volatility and potential fraud. Investors are often drawn to penny stocks by the prospect of outsized gains, but the same factors that enable rapid price swings can also lead to steep losses. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

Wolfspeed (WOLF)

Wolfspeed, Inc. operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.

Allied Gaming & Entertainment (AGAE)

Allied Gaming & Entertainment, Inc. operates as an experiential entertainment company, which engages in the creation of esports venues and live events for both video games and poker. The company was founded in 2017 and is headquartered in New York, NY.

Office Properties Income Trust (OPI)

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.

HIVE Digital Technologies (HIVE)

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.