We’re seeing plenty of activity from penny stocks today with a couple of them rising above others to be top traders for Friday.
Of course, I always have to warn about the dangers that come with investing in penny stocks. They’re subject to volatility thanks to retail traders pumping and dumping shares at a whim. Even so, there is money to be had if you can get into a rally early enough, but it’s not for the faint of heart.
With that word of advice out of the way, let’s talk about the top penny stocks today below!
Top Penny Stocks Today: Greenlane
Greenlane (NASDAQ:GNLN) stock starts us off with shares rising 12.5% as of Friday morning. The company runs a smoke shop chain that offers various accessories to customers. Among those are cannabis accessories, which has it rising as the U.S. House of Representatives considers a bill legalizing marijuana. The company’s also preparing to release its most recent earnings report next week.
That news is bringing extra trading to GNLN stock today with some 16 million shares on the move as of this writing. For the record, the company’s daily average trading volume is closer to 1 million shares.
Top Penny Stocks Today: Bitnile
Bitnile (NYSEAMERICAN:NILE) is another hot penny stock to watch today with its shares gaining 25.2% as of this writing. The crypto mining company is likely rising today alongside the price of Bitcoin (BTC-USD), which is up 4.7% over a 24-hour period.
Today’s rising BTC prices are shining extra light on NILE with heavy trading following. This has some 78 million shares changing hands as of this writing. To put that in perspective, the company’s daily average trading volume is about 8 million shares.
Outside of these two penny stocks, there are others worth checking in on today. Specifically, there are those in the marijuana sector making major moves on Friday. You can learn all about that at this link!
Investors searching for more stock market news on Friday are in luck!
We’ve got all the hottest stock news that traders need to know about today! That includes Sundial Growers (NASDAQ:SNDL) stock heating up, this morning’s biggest pre-market stock movers, and more. All of that info is available at the links below!
More Friday Stock Market News
- Why Is Sundial Growers (SNDL) Stock Up Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday
- Chip Stocks News: Why Are AMD, INTC, NVDA, MU, GFS Stocks Up Today?
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