There is a list of priorities designed by every stock trader and penny stocks with high volume comes in the category of defining the stocks under consideration by many people. Many traders struggle with the process of finding the most popular stocks. Penny stocks with high volume are considered to be the most fruitful stocks having a good scope in the market.
The answer to penny stocks with high volume is not very straightforward. In case of penny stocks, the number of shares traded in one-month period is essential to look for making the appropriate selection. The stock with an average volume of 1M stocks is considered to be high volume. However, the stocks traded in 5-10M on an average have different scenario in terms of investment. The best way to define high volume requires the minimum average daily benchmark for the stock prices. The analysts mark one million stocks trading as an appropriate number to consider the penny stocks for investment.
Here are some penny stocks having high trading volume:
- Achieve Life Sciences Inc. (NASDAQ: ACHV)
Achieve Life Sciences, Inc. is a clinical-stage pharma company working for development and marketing of smoking cessation aids in the US and other parts of the globe. The company offers plant-based solutions for reducing the effect of nicotine on the body and get rid of the habit of smoking. The company’s headquarters are located in Vancouver, Canada. The average volume of the stocks traded is 724,591 which is low but the stock is going higher in trading volumes.
- Vital Therapies Inc. (NASDAQ: VTL)
Vital Therapies Inc. has an average trading volume of 1,417,962 stocks which is a huge number. With the higher number of stocks being traded on an average, it is expected that the company will attain better market cap in the near future. The company’s stock value has rose almost to double the value in the recent times and there is a prediction that the stocks will move ahead with the business approvals with many strong groups. This biotherapeutic company focuses on the cell-based therapy for treating the liver failure problems. ELAD System is the system designed to allow the unique system for the patient’s liver to regenerate the healthy state till it becomes ready to transplant.
- Extraction Oil & Gas, Inc. (NASDAQ: XOG)
Extraction Oil & Gas, Inc. is based in Denver, CO and was founded in December 2012. The company is an independent oil and gas company working on the acquisition, development, and production of natural gas and oil reserves. The average value of stocks traded is 4,635,203 and it has a probability to go towards a higher side with the promising policies of the company.
- ZIOPHARM Oncology, Inc. (NASDAQ: ZIOP)
With the average stock trading value of 1,745,096, ZIOP is a biotechnology company aiming at acquisition, development, and commercialization of immuno-oncology therapies for treatment of certain types of tumors and other chronic diseases. The company will have genetic engineering for immune cells for reprogramming the T-cells outside for the infusion of body.