Similarly to the rest of the economy, Covid-19 has also affected blue-chip stocks and stocks under $1. New strains of the pandemic virus are spreading worldwide, showing that the disease hasn’t been eradicated. Fears have resulted in a rise in volatility and uncertainty in financial markets. In the meantime, blue-chip stocks remain flat, while best-performing stocks under $1 continue to perform better.
The lack of set rules makes penny stocks relatively easy to invest in. As a result of their volatility, stocks under $1 are speculative investments, so buying them can allow investors to profit from market fluctuations.
Stocks under $1 are volatile, so understanding their volatility is important before investing in them.
Conducting relevant research is essential to making informed and safe investment decisions. Investing in best stocks under $1 can be as profitable as investing in Fortune 500 stocks if one understands the appropriate metrics and fundamentals.
The McEwen Mining Inc. (NYSE: MUX) went down by -0.85% in Friday’s trading session, a fall equivalent to -$0.01 from the previous market close price. The lowest point that the shares touched during the trading session were $0.8831, while the peak of the day was recorded at a share price of $0.9197. mux finished the previous session at $0.89 according to the data provided by Barchart, while the trading volume was observed to be 9.56 million.
McEwen Mining Inc. (NYSE: MUX) share prices have decreased by -1.25% over the past week, but are down -17.47% in the last quarter. Going further back, the stock’s price has tanked -39.51% over the last 6 months but is down -10.35% in year-to-date trading.
With over 9.29 million Eros STX Global Corporation (ESGC) shares trading Friday and a closing price of $0.24 on the day, the dollar volume was approximately 9.29 million. The shares have shown a negative weekly performance of -7.27% and its price on 12/17/21 lost nearly -2.39%. Currently, there are 357.23M common shares owned by the public and among those 133.73M shares have been available to trade.
In terms of its performance, ESGC is down -87.71% over the past year, and it is down -7.27% over the last week. The stock’s price index is -45.65% lower over one month and -74.02% lower over three months. It is showing a -83.06% return in the past six months.
The shares of GEE Group Inc. (JOB) gained by 1.72% during the trading session on Friday, reaching a low of $0.45 while ending the day at $0.47. During the trading session, a total of 0.58 million shares were traded which represents a 72.57% incline from the average session volume which is 2.11 million shares. job had ended its last session trading at $0.47.
JOB stock lost -0.88% during the last week and fall -1.11% over the last one-month period. Shares of this company’s stock rose 1.13% throughout the last quarter. Within the last six months, the stock has decreased -13.12%, with a full-year loss of -54.22%. At the time of writing, this stock’s year-to-date (YTD) price performance is now negative at -52.49%.