Indonesia Energy, Indaptus Therapeutics, and OceanPal Inc. are the 3 Penny Stocks to watch on June 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.
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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 June 23, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Indonesia Energy (INDO) – Indonesia Energy is an independent energy company engaged mainly in the oil and gas operations in Indonesia. On June 23, INDO stock had a Dollar Volume of $251.65 million, while its stock price fell by 3.8%. At the time of writing, it is trending lower by 24% in pre-market trading.
There was no specific news about Indonesia Energy on Monday. However, INDO stock has been rather volatile over the past trading month amid the escalating Middle East tensions and rising concerns about global oil supply disruptions.
Indaptus Therapeutics (INDP) – Indaptus Therapeutics is a clinical-stage biotechnology company that leverages its proprietary platform to develop novel treatments for cancer and viral diseases. The platform uses engineered, non-pathogenic, attenuated or killed gram-negative bacteria to activate both the innate and adaptive immune systems. INDP stock had a Dollar Volume of $182.33 million on Monday, while its stock price jumped by 85.1%.
The company’s shares may have surged after it released a proxy filing informing shareholders of an upcoming Special Meeting of Stockholders to be held on July 25, 2025. Shareholders are required to vote on the company’s recent decision to issue convertible notes and warrants. There was no other news regarding Indaptus that could have prompted the stock rise.
OceanPal Inc. (OP) – OceanPal is a shipping transportation company, offering dry bulk shipping services worldwide. Yesterday, the company had a Dollar Volume of $87.29 million, accompanied by a stock price surge of 52.8%.
The share price jump seems to be a reversal from the slump witnessed on June 20. OceanPal revealed plans for a public offering, intending to sell 9,316,770 shares of OP stock for an assumed price of $1.61 each. Shares reacted negatively to the news on Friday due to the resulting dilution effect.
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.