High-Trend International Group (HTCO), Youxin Technology Limited (YAAS), and Sagimet Biosciences (SGMT) are the three penny stocks to watch on April 28, according to TipRanks’ Penny Stock Screener tool.
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Penny stocks are low-priced shares, typically trading below $5 each and usually issued by companies with market capitalizations of around $300 million or less.
The three stocks highlighted in this article were selected for having the largest dollar volumes at the close on Monday, April 27. This means that they had the highest overall dollar value of shares traded, calculated by multiplying the number of shares exchanged by the stock’s market price.
- High-Trend International (HTCO): This is a Singapore-based ocean transportation services company formerly known as Caravelle International. The company provides seaborne transportation and also renders vessel services on behalf of shipowners. On April 27, shares in High-Trend skyrocketed roughly 240%, fetching a dollar trading volume of $551.15 million. The move comes days after the company expanded into lithium resources transportation.
- Youxin Technology Limited (YAAS): Youxin is a Chinese software application company focused on providing a platform that connects enterprises across the supply chain, bringing together management teams, distributors, and salespersons, among others. On April 17, YAAS shares ballooned by about 150% to reach a market cap of $417.39 million. The rally was triggered by Youxin’s agreement to take an 18% stake (or $10.8 million in shares) in its TikTok marketing partner, YATOP Group Limited.
- Sagimet Biosciences (SGMT): Sagimet is a U.S.-based clinical-stage biopharma company that develops medicine to treat abnormal fat processing in the body. On April 27, SGMT hit a dollar volume of $187.62 million after its shares jumped by approximately 49%. The boost came after the company provided corporate development updates, including about its lead drug candidate, Denifanstat.
More about TipRanks’ Penny Stock Screener
Analysts looking to stay up-to-date with penny stocks can rely on TipRanks’ Penny Stock Screener tool, which makes it possible for investors to check out the thousands of penny stocks traded daily in the U.S. using filters such as sector, price target upside, Smart Score, analyst consensus, dollar volume, and price change.