Ensysce Biosciences, American Rebel Holdings, and Sonoma Pharmaceuticals are the 3 Penny Stocks to watch on April 24, 2025, based on TipRanks’ Penny Stock Screener tool. Penny stocks are defined as stocks that trade at or below $5 per share and have a market capitalization of below $300 million.
The Penny Stock Screener helps investors scan stocks based on numerous parameters, including Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change.
We leveraged the tool to pick the top three penny stocks with the highest Dollar Volume as of the close on April 23, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Ensysce Biosciences (ENSC) – Ensysce Biosciences is a clinical-stage pharmaceutical company that is developing innovative treatments for severe pain relief, while also dealing with the potential for opioid misuse, abuse, and overdose. ENSC had a Dollar Volume of $337.84 million yesterday, with its stock price skyrocketed by 96.3%.
Yesterday, Ensysce announced the receipt of a Notice of Allowance from the U.S. Patent and Trademark Office (USPTO) for its ground-breaking treatment of opioid use disorder (OUD), labelled PF9001. The drug aims to offer a safer treatment option for OUD using Ensysce’s TAAP and MPAR technologies to prevent abuse and overdose.
American Rebel Holdings (AREB) – American Rebel offers products that ensure safe and responsible gun ownership. In addition to self-defense products, the company offers concealed carry backpacks, branded apparel, E-bikes, and safe accessories. On April 23, AREB had a Dollar Volume of $281.53 million, accompanied by a stock price jump of 38.9%.
There was no specific news about American Rebel yesterday, but shares have been trending higher since April 23. However, on April 22, the company announced that its American Rebel Light Beer had strategically expanded into North Carolina through a distribution agreement with Adams Beverages.
Sonoma Pharmaceuticals (SNOA) – Sonoma Pharmaceuticals is a specialized pharma company, manufacturing stabilized hypochlorous acid (HOCl) products for applications in wound care, animal health care, eye care, oral care, and dermatological conditions. SNOA had a Dollar Volume of $232.67 million yesterday, while its stock price surged by 69.5%.
SNOA stock jumped in reaction to the news of the company’s expansion into the UK market. On April 22, Sonoma announced it got approval from the Medicines & Healthcare products Regulatory Agency (MHRA) for the sale of its HOCl-based acne products in Britain. Consequently, Sonoma’s products will be available through a leading UK health and beauty retailer and pharmacy chain across 1,200 stores through the country.
To find more penny stocks like these, you can take a look at TipRanks’ Penny Stock Screener tool. It shows a list of all penny stocks, their price movement, and other vital data.