Sonnet BioTherapeutics, Earlyworks Co., and Gryphon Digital Mining are the 3 Penny Stocks to watch on July 3, 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 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 July 2, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Sonnet BioTherapeutics (SONN) – Sonnet BioTherapeutics is a biotechnology company focused on developing cancer treatments using its proprietary platform to create targeted biologic drugs with single or bifunctional actions. On July 2, SONN stock had a Dollar Volume of $538.98 million, while its stock price skyrocketed by nearly 243%.
The company announced that on June 30, it completed the sale of $2 million in convertible notes to accredited investors, along with warrants to purchase 865,052 shares of common stock. Sonnet received approximately $50,000 in additional proceeds from the sale of the warrants, which are exercisable for five years at an exercise price of $1.156 per share. SONN shares jumped in reaction to this news.
Earlyworks Co. (ELWS) – Japan-based Earlyworks is a technology company specializing in blockchain solutions. Yesterday, ELWS had a Dollar Volume of $187.95 million, while its stock price surged by more than 66%.
ELWS stock jumped after the company announced plans for an upcoming shareholder meeting, scheduled for July 24, 2025. The company revealed that it will release a business report for its seventh year and will include votes on the approval of financial statements for the year, as well as a proposal to elect four directors to the company’s board.
Gryphon Digital Mining (GRYP) – Gryphon Digital Mining is an American Bitcoin mining and artificial intelligence (AI) company. On Wednesday, GRYP had a Dollar Volume of $104.22 million, accompanied by a stock price surge of 29.8%.
On July 1, Gryphon Digital filed a Form S-4 with the SEC in connection with its proposed stock-for-stock merger with American Bitcoin. The two companies have entered into a definitive agreement under which Gryphon will acquire American Bitcoin. Upon completion of the transaction, the combined company will operate under the American Bitcoin brand and trade under the ticker symbol “ABTC.” The merger is expected to be completed in the third quarter of 2025. GRYP shares jumped in reaction to this news.
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.