Penny stocks are always capable of multiplying returns by 300% easily while a biotech firm called Titan Pharmaceuticals (NASDAQ: TTNP) can also deliver optimal wealth-generating growth for short term traders. Right now TTNP is surging more than 60% in premarket on over two million shares as the company announces debt settlement with lenders who are gentle now with struggling pharma organizations.
Since June 2020 TTNP has been plunging from $0.42 to today’s under $0.20 as updates have not been released for a long time. Therefore, gamblers get out of the bandwagon instantly. Now they are crazily jumping by getting thousands of shares along with other penny stocks compiled in biotech portfolios.
Until the market closes some long-term investors may buy millions of shares seeing the balance sheet is getting better and stronger with some improved current assets. Hence, gamblers may decrease the stock a bit but shareholders need to wait for a sudden jump in weeks. Buying thousands of shares from penny biotech stocks may save the portfolio from quick downturns.
Finance and Entertainment Reporter
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