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Discover the promising US Penny Stocks of October 2024
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Discover the promising US Penny Stocks of October 2024

As U.S. markets experience mixed results, with the S&P 500 and Dow Jones ending their six-week winning streak, investors are closely watching economic data and earnings reports for further insight. In this context, penny stocks, which often represent smaller or newer companies, remain a compelling area of ​​interest due to their growth potential and affordability. Although considered a niche investment category, these stocks can offer significant opportunities when they possess strong financial health, making them worthy of consideration in today’s stock market landscape.

Name

Stock price

Market capitalization

Financial Health Score

BAB (OTCPK:BABB)

$0.78982

$5.74 million

★★★★★★

LexinFintech Holdings (NasdaqGS:LX)

$3.12

$512.97 million

★★★★★★

RLX Technology (NYSE: RLX)

$1.61

$2.05 billion

★★★★★★

ARC Document Solutions (NYSE: ARC)

$3.43

$148.35 million

★★★★★★

Permianville Royalty Trust (NYSE: PVL)

$1.59

$52.47 million

★★★★★★

Gold Producers Cooperative (OTCPK: GGRO.U)

$4.50

$69.71 million

★★★★★★

MIND CTI (NasdaqGM:MNDO)

$1.88

$39.06 million

★★★★★★

Best Pick (NYSEAM:BTTR)

$1.68

$2.78 million

★★★★★★

Zynerba Pharmaceuticals (NasdaqCM:ZYNE)

$1.30

$65.6 million

★★★★★☆

CBAK Energy Technology (NasdaqCM:CBAT)

$1.10

$98.93 million

★★★★★☆

Click here to see the full list of 760 stocks in our US Penny Stocks filter.

Let’s take a closer look at some of our picks from the featured companies.

Simply Wall St Financial Health Rating: ★★★★★☆

Preview: Tiziana Life Sciences Ltd is a biotechnology company focused on the discovery and development of molecules for the treatment of human diseases in oncology and immunology in the United States, with a market capitalization of $101.47 million.

Operations: Tiziana Life Sciences Ltd does not report any revenue segments.

Market capitalization: $101.47 million

Tiziana Life Sciences, with a market capitalization of US$101.47 million, operates as a pre-revenue biotechnology entity focused on oncology and immunology. Despite its unprofitability and share price volatility, the company has maintained its shareholder value without significant dilution over the past year. Recent management changes include the appointment of Ivor Elrifi as CEO to strengthen strategic direction. Tiziana has regained Nasdaq compliance for its listing requirements, but faces near-term financial challenges with assets not fully covering liabilities and only a brief runway of available cash. The company recently withdrew a US$50 million stock offering but remains debt-free, which could mitigate some financial risks.