Conduit Pharmaceuticals, MGO Global Inc., and Cyclo Therapeutics are the 3 Penny Stocks to watch on February 11, 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.
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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 February 10, 2025. Simply put, Dollar Volume is the number of shares traded on a particular day multiplied by the day’s share price.
Conduit Pharmaceuticals (CDT) – UK-based Conduit is a disease-agnostic life science company that works by acquiring assets that are Phase II-ready and then seeks an exit through third-party license deals after successful clinical trials. CDT had a Dollar Volume of $410.97 million on February 10, while its stock price plunged by 36.1%.
The stock price decline seems to be a reversal from Friday’s rally, when shares skyrocketed nearly 84%. On February 7, Conduit Pharmaceuticals announced that it successfully completed all the milestones of its Phase I of strategic collaboration with Sarborg Ltd. Thus, the two were entering into Phase II of its Support AI-driven development of personalized software dashboards. CDT stock reacted positively to this news on Friday.
MGO Global Inc. (MGOL) – MGO Global operates a brand acceleration platform and is focused on acquiring, optimizing, and monetizing consumer brands worldwide. On February 10, MGOL had a Dollar Volume of $338.89 million, accompanied by a stock price surge of 68.6%.
MGO announced that it had extended its Business Combination Agreement with Heidmar, Inc., through which both parties are given more time to complete the agreement effectively. The original termination deadline of February 10 has been extended to February 28. The news pushed MGOL stock up yesterday.
Cyclo Therapeutics (CYTH) – Cyclo Therapeutics is a clinical-stage biotechnology company that is engaged in developing novel medications for the treatment of rare and challenging diseases. CYTH had a Dollar Volume of $100.83 million yesterday, while its stock price fell by 22%.
The stock price decline could be a reversal from Friday’s surge, when the company announced positive preliminary data from its ongoing Phase 3 TransportNPC Open-Label Sub-Study in patients who are below 3 years old. The study evaluated the effectiveness of its lead drug candidate rappsolCyclo for the treatment of Niemann-Pick Disease Type C1. CYTH stock jumped over 54% on the favorable news on Friday.
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.
