Penny Stocks Worth Watching – February 08th

Conduit Pharmaceuticals, MGO Global, and Garden Stage are the three Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks refer to low-priced, speculative stocks of small companies with limited market capitalization and liquidity traded over-the-counter or on pink sheets. These stocks are often considered high risk due to their volatile nature and the potential for large price fluctuations. Investors should exercise caution when investing in penny stocks due to the higher risk associated with them. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Conduit Pharmaceuticals (CDT)

Conduit Pharmaceuticals Inc., a clinical-stage specialty biopharmaceutical company, develops pharmaceutical products that provides unmet medical needs in the areas of autoimmune diseases and idiopathic male infertility. Its pipeline includes AZD1656, which has completed Phase I trials for the treatment of type 2 diabetes, renal transplant, Hashimoto's thyroiditis and Grave's disease, uveitis, and preterm labor; and AZD5904, which has completed Phase I clinical trials for the treatment of idiopathic male infertility.

Conduit Pharmaceuticals stock traded up $1.30 during trading hours on Friday, hitting $2.85. The company had a trading volume of 143,865,357 shares, compared to its average volume of 610,776. The firm has a 50-day moving average of $6.69 and a 200 day moving average of $11.01. Conduit Pharmaceuticals has a one year low of $1.45 and a one year high of $392.00.

MGO Global (MGOL)

MGO Global, Inc. operates as a lifestyle brand portfolio company. The company is involved in the fashion design, brand development and management, sourcing and manufacturing, licensing, IP protection, corporate finance, consumer engagement and experience, ecommerce, and retail sales and marketing activities related to the Messi brand.

MGOL stock traded up $0.23 during trading hours on Friday, hitting $0.42. 804,680,689 shares of the stock were exchanged, compared to its average volume of 45,446,240. MGO Global has a 12 month low of $0.10 and a 12 month high of $18.30. The firm has a market capitalization of $1.20 million, a P/E ratio of -0.09 and a beta of 7.26. The company has a 50-day simple moving average of $0.92 and a two-hundred day simple moving average of $2.25.

Garden Stage (GSIW)

Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong.

Shares of NASDAQ:GSIW traded up $0.35 on Friday, reaching $0.79. 219,220,313 shares of the company’s stock were exchanged, compared to its average volume of 399,808. Garden Stage has a twelve month low of $0.43 and a twelve month high of $15.45. The company has a fifty day moving average of $0.60 and a 200-day moving average of $2.77.