Penny Stocks To Research – November 9th

Edesa Biotech, Sable Offshore, and Nature Wood Group are the three Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks are shares of small or micro-cap companies that trade at very low prices, often under $5 per share. They may be listed on major exchanges or traded over the counter, and they can be highly volatile and less liquid, making them riskier for investors. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Edesa Biotech (EDSA)

Edesa Biotech, Inc., a clinical-stage biopharmaceutical company, engages in the research and development, manufacture, and commercialization of pharmaceutical products for inflammatory and immune-related diseases. Its lead product candidates are EB05, a monoclonal antibody, which is in Phase 3 clinical study for the treatment of acute respiratory distress syndrome in Covid-19 patients; and EB01, a topical vanishing cream containing non-steroidal anti-inflammatory compound that has completed Phase 2b clinical study to treat chronic allergic contact dermatitis.

Shares of Edesa Biotech stock traded up $0.49 during trading hours on Monday, reaching $2.63. The company’s stock had a trading volume of 81,308,295 shares, compared to its average volume of 1,790,542. Edesa Biotech has a one year low of $0.72 and a one year high of $20.32. The company’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $5.52. The stock has a market cap of $25.38 million, a P/E ratio of -1.56 and a beta of 1.26.

Sable Offshore (SOC)

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. The company operates through three platforms located in federal waters offshore California. It owns and operates 16 federal leases across approximately 76,000 acres and subsea pipelines, which transport crude oil, natural gas, and produced water from the platforms to the onshore processing facilities.

SOC traded down $1.11 during trading on Monday, reaching $0.81. 220,049,808 shares of the company were exchanged, compared to its average volume of 8,729,378. The stock has a market cap of $156.37 million, a P/E ratio of -0.25 and a beta of -0.09. The firm has a 50 day moving average of $3.73 and a 200 day moving average of $8.58. The company has a current ratio of 0.24, a quick ratio of 0.18 and a debt-to-equity ratio of 1.85. Sable Offshore has a 52 week low of $0.51 and a 52 week high of $19.25.

Nature Wood Group (NWGL)

Nature Wood Group Limited, an integrated forestry company, engages in management and harvesting, and down-stream wood-processing and distribution activities. It operates in two divisions, Direct Purchase and Original Design Manufacturer Services; and Manufacturing segments. The company offers a range of products, including logs, decking and flooring products, sawn timber, recycled and synthesized charcoal, machine-made charcoal, and essential oils.

Shares of NWGL stock traded up $0.70 during trading hours on Monday, reaching $3.23. The stock had a trading volume of 53,517,465 shares, compared to its average volume of 339,446. Nature Wood Group has a twelve month low of $2.09 and a twelve month high of $158.40. The company has a quick ratio of 1.12, a current ratio of 1.23 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $68.69 and a 200-day simple moving average of $63.88.