3 Penny Stocks to Watch Now, 6/5/25

K Wave Media, Cellectar Biosciences, and Baosheng Media Group Holdings are the 3 Penny Stocks to watch on June 5, 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 June 4, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.

K Wave Media Ltd. (KWM) – Korea-based K Wave Media engages in acquiring equity interests in diversified entertainment companies involved in content creation, Intellectual Property (IP) creation, merchandising, and entertainment investment businesses. On June 4, KWM had a Dollar Volume of $522.88 million, while its stock price skyrocketed by 133.3%.

Yesterday, the company announced a plan to create a Bitcoin (BTC-USD) treasury through a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC for the sale of $500 million of KWM stock. KWM intends to use these funds for its Bitcoin reserve activities, as well as for working capital and M&A activities.

Cellectar Biosciences (CLRB) – Cellectar Biosciences is a late-stage biopharmaceutical company focused on developing novel treatments for cancer. On Wednesday, CLRB had a Dollar Volume of $288.63 million, accompanied by a stock price surge of 66.3%.

CLRB stock jumped yesterday after the company announced that the U.S. FDA (Food and Drug Administration) had granted Breakthrough Therapy Designation for its pipeline drug, iopofosine I 131. This designation is intended to expedite the development and review of medicines for serious or life-threatening diseases with preliminary clinical evidence of offering substantial improvement on at least one clinically significant endpoint over available therapies. It also means the drug could receive a six-month priority review of its New Drug Application.

Baosheng Media Group Holdings (BAOS) – China-based Baosheng Media Group is a short-video marketing service provider. BAOS had a Dollar Volume of $132.47 million yesterday, while its stock price rose by 54.4%.

There was no specific news regarding Baosheng Media yesterday that could explain the sudden surge in the company’s stock price.

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.