Leafly Holdings, Venus Concept, and Trinity Place Holdings are the top three penny stocks to watch on June 11, according to TipRanks’ Penny Stock Screener tool. Penny stocks are stocks that trade at or below $5 per share with a market capitalization below $300 million.
The Penny Stock Screener tool helps investors scan stocks based on various parameters such as Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change.
We used the tool to identify the top three penny stocks with the highest Dollar Volume as of the close on June 10, 2024. Dollar Volume is calculated by multiplying the number of shares traded by the day’s share price. We also considered Relative Volume and Average Volume over the last 3 months to assess trading volumes compared to the average.
Leafly Holdings, Inc. (NASDAQ:LFLY) is a Seattle-based company that operates one of the world’s largest online marketplaces for cannabis products. On June 10, LFLY had a Dollar Volume of $95.79 million, with the stock price surging by 11.9%. Since June 6, LFLY shares have risen by nearly 92%.
Venus Concept, Inc. (NASDAQ:VERO) is a Canada-based company that manufactures non-invasive devices for aesthetic and hair restoration needs. VERO had a Dollar Volume of $64.69 million on June 10, with the stock price increasing by almost 28%. The company recently announced compliance with Nasdaq’s minimum equity requirement, leading to a significant surge in its stock price.
Trinity Place Holdings, Inc. (NYSEAmerican:TPHS) is a New York-based real estate company that focuses on investments in New York City. On June 10, TPHS had a Dollar Volume of $61.97 million, with shares ending the trading day flat. However, TPHS shares experienced a decline of 11.6% in the extended trading session on June 10.
For more penny stocks like these, investors can utilize TipRanks’ Penny Stock Screener tool, which provides a comprehensive list of penny stocks along with their price movements and other essential data.