3 Hot Penny Stocks: Why ZOM, AEZS and PROG Are Seeing Big Gains Today

A few hot penny stocks are seeing major movement on Friday as shares ride higher on recent news. We’re jumping into those below to see why investors are so happy with those companies today.

Image of a penny held between two fingers with a white indoor background representing hot penny stocks

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Hot Penny Stocks: Zomedica (ZOM)

Zomedica (NYSE:ZOM) stock starts us off with shares trading over 11% higher as of Friday afternoon. This comes on news of the company completing a $71 million acquisition of PulseVet.

Today’s ZOM stock news also has it seeing heavy trading. As of this writing, more than 64 million shares of the stock changed hands. That’s an impressive jump from its daily average trading volume of about 27 million shares.

Hot Penny Stocks: AEterna Zentaris (AEZS)

AEterna Zentaris (NASDAQ:AEZS) shares are up next with the stock climbing more than 11% higher as of this writing. That comes despite a lack of news, which means we’re likely seeing a short-squeeze of the shares by retail traders.

To support that, AEZS is seeing unusually high trading volume today. That has some 26 million shares trading as of this afternoon. For perspective, the company’s daily average trading volume is closer to 1.3 million shares.

Hot Penny Stocks: Progenity (PROG)

Progenity (NASDAQ:PROG) stock closes us out today with shares rising over 18% as of this afternoon. Yet again, we’re seeing a penny stock run higher on a lack of news. This is actually a continuation of a meme stock rally that we reported on Thursday.

That rally has PROG stock experiencing heavy trading today. As of this afternoon, roughly 180 million shares of the stock have changed hands. That’s a hefty increase over its daily average trading volume of 9.1 million shares.

We’ve got more than just penny stock news worth checking out below!

There’s plenty of stock coverage that traders need to know about for Friday. A few examples include what’s happening with Novavax (NASDAQ:NVAX), AMC Entertainment (NYSE:AMC), and Biomerica (NASDAQ:BMRA) shares today. You can learn all about that at the following links!

More Stock Market News for Friday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. 

Read More:Penny Stocks — How to Profit Without Getting Scammed


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