Promising Penny Stocks Worth Watching – May 12th

Gryphon Digital Mining, Next Technology, CytomX Therapeutics, DevvStream, and Taoping are the five Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks are shares of small public companies that trade at low prices—typically under $5 per share—and often on over-the-counter markets rather than major exchanges. Because they have low trading volumes, limited financial reporting requirements and small market capitalizations, penny stocks can be highly illiquid. Investors face greater risk of rapid price swings and potential fraud when dealing in these speculative securities. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Gryphon Digital Mining (GRYP)

Gryphon Digital Mining, Inc. operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.

NASDAQ:GRYP traded up $0.96 during trading hours on Monday, hitting $1.48. The company had a trading volume of 252,926,669 shares, compared to its average volume of 2,173,385. The company has a market capitalization of $102.35 million, a PE ratio of -2.75 and a beta of 2.31. The stock has a 50-day moving average price of $0.21 and a 200 day moving average price of $0.39. Gryphon Digital Mining has a 52 week low of $0.13 and a 52 week high of $2.87.

Next Technology (NXTT)

Next Technology Holding Inc. provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems.

NASDAQ:NXTT traded up $0.66 during trading hours on Monday, hitting $3.02. The company had a trading volume of 98,888,026 shares, compared to its average volume of 1,552,856. The stock has a 50-day moving average price of $0.35 and a 200 day moving average price of $1.32. Next Technology has a 52 week low of $0.22 and a 52 week high of $6.00.

CytomX Therapeutics (CTMX)

CytomX Therapeutics, Inc., an oncology-focused biopharmaceutical company, focuses on developing novel conditionally activated biologics localized to the tumor microenvironment. The company utilizes conditional activation platform technology for oncology biologics research and development comprising the validation of targets for antibody-drug conjugates (ADCs), opening therapeutic window for novel T-cell engagers (TCEs) targeting solid tumors, and increasing the therapeutic index for immune modulators, such as cytokines; and PROBODY platform in preclinical research in areas outside of oncology.

NASDAQ:CTMX traded up $1.09 during trading hours on Monday, hitting $2.02. The company had a trading volume of 103,290,856 shares, compared to its average volume of 1,916,156. The company has a market capitalization of $162.77 million, a PE ratio of 11.38 and a beta of 1.11. The stock has a 50-day moving average price of $0.66 and a 200 day moving average price of $0.85. CytomX Therapeutics has a 52 week low of $0.40 and a 52 week high of $2.69.

DevvStream (DEVS)

DevvStream Holdings Inc. is a carbon credit project co-development and generation firm specializing in technology-based solutions. DevvStream Holdings Inc., formerly known as Focus Impact Acquisition Corp., is based in NEW YORK.

NASDAQ:DEVS traded up $0.67 during trading hours on Monday, hitting $1.01. The company had a trading volume of 200,776,324 shares, compared to its average volume of 6,627,324. The company’s 50-day simple moving average is $0.26. DevvStream has a 52 week low of $0.18 and a 52 week high of $3.00.

Taoping (TAOP)

Taoping Inc. provides cloud-based platform, resource sharing, and big data solutions to the Chinese new media, education residential community management, and elevator Internet of Things (IoT) industries in the People's Republic of China. It operates through Cloud-Based Technology and Traditional Information Technology segments.

Shares of TAOP stock traded up $0.15 during mid-day trading on Monday, reaching $0.32. 573,310,037 shares of the company’s stock traded hands, compared to its average volume of 3,694,888. Taoping has a 12 month low of $0.14 and a 12 month high of $0.98. The company’s 50-day moving average price is $0.24 and its 200-day moving average price is $0.31.