U.S. Energy Corp., Asset Entities Class B, and EON Resources are the 3 Penny Stocks to watch on January 23, 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 of below $300 million.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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 January 22, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
U.S. Energy Corp. (USEG) – U.S. Energy Corp. is a Texas-based independent oil and natural gas exploration company. It aims to optimize production by consolidating high-quality assets and generate free cash flows to reward shareholders. On January 22, USEG had a Dollar Volume of $408.57 million, while its stock price fell by 16.4%.
The company announced the pricing of 4,236,000 shares of its common stock at an offer price of $2.65 per share. USEG expects to earn net proceeds of $10.5 million, which will be utilized for funding growth capital for its industrial gas development project. USEG shares fell in reaction to concerns of equity dilution following the offering.
Asset Entities Class B (ASST) – Texas-based Asset Entities is a technology company that offers targeted marketing, management, and content delivery services across social media platforms, including Discord, TikTok, Instagram, X, and YouTube. ASST had a Dollar Volume of $239.72 million yesterday, while its stock price skyrocketed by over 51%.
Asset Entities announced the intent to offer up to $2,651,789 of its Class B common stock for sale to A.G.P./Alliance Global Partners as agreed under the Sales Agreement dated September 27, 2024. The company even adjusted the terms of its convertible preferred stock, setting a new floor price. ASST shares must have moved in reaction to this news.
EON Resources (EONR) – Houston-based EON Resources is an independent energy company that is engaged in the upstream production and development of energy oil and natural resources in the Permian Basin. EONR had a Dollar Volume of $180.21 million on January 22, while its stock price rose by 3%.
There was no specific news for EONR yesterday, but shares have been rather volatile lately. In the past month, EONR shares have zoomed over 133%.
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.
