It accounted for an additional 1 million shares at $2.80 per share in the $2.8 million round. However, the size wasn’t as large as many of the upsized offerings many other penny stock companies have filed for in recent weeks. The CHSN stock float is showing below 5 million as of this article.Ī funding round in March added a bit of pressure to Tantech Holdings and its stock price. But the attention on similar stocks, as we discussed above, may be playing a role. No further details have come from the company since its IPO. – 3 Hot Penny Stocks To Watch After JPMorgan, FRC Stock News It also sells on digital and online food ordering platforms. It has 33 stores under its “George Chanson” brand in China and a few in New York. The company provides bakery, seasonal, and beverage products in chain stores in China and the US. Chanson International debuted at the end of March in an IPO that saw 3.39 million shares offered. For the most part, many are already lower floats based on how many shares were registered at the time of the initial offering. So if you’re looking for low-float penny stocks today, keep that in mind. That goes for both upswings and downtrends. Since most stocks like these move from speculation and not direct company catalysts, their market moves can come quickly. However, the trend for these low floaters continued in the stock market today, where SNTG stock experienced an extreme level of follow-through, taking it above $9.60.Īgainst this backdrop, it’s also important to understand that sentiment-based moves can be increasingly volatile. (SNTG) saw a pop on Friday that took shares to highs of $2.40 before closing out the week at $1.97. Coincidentally, one of the companies mentioned in that article is at the top of the list regarding hot penny stocks today. This article continues the list of penny stocks that began in our update 3 Low Float Penny Stocks To Watch Today. It’s also worth noting that the share float is relatively fluid compared to the OS, so multiple financial data outlets will likely report varying figures for float data. This won’t include things like restricted or unregistered stock and is less than or equal to the Shares Outstanding but never more significant than. The basic idea is that a company’s float is the number of its outstanding shares that are available for the public to purchase. What Is Float?īefore we dive right in, you might be new to this topic and wondering what the float is, in general. The surge of interest in low-float stocks with businesses that have exposure to China’s financial market has taken flight recently. These tend to be more sentiment-based moves that can stem from sympathy sentiment in related stocks. Things like “short squeeze” stocks, insider trading stocks, and, as we will see today, low-float penny stocks. I’m not talking about what’s going on in tech or the latest energy stocks to watch. If you’re looking for some of the most active penny stocks today, it doesn’t hurt to pay attention to trends.
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