Top 9 Most Active Penny Stocks of 2024

What do the most active penny stocks have in common? Volume and volatility. 

For a penny stock trader, that means opportunity … as long as you’re prepared.

How can you find the most active penny stocks and navigate through the volatility? I’ll go over some of the basics here. I’ll also answer some frequently asked questions about penny stock activity, and tell you about a few active penny stocks from this year. Study up so you can prepare.

Let’s get to it!

What Are Active Penny Stocks?

Penny stocks are stocks that trade under $5 a share. The most active penny stocks have the highest trading volume — maybe a few million shares a day. Traders love them for their insane volatility.

How do you take advantage of that? It starts with education. I became a teacher so I can help traders prepare for the opportunities in active penny stocks. There’s no such thing as being too prepared. When I was starting out, I didn’t have anyone to help me prepare … Now I want to be the mentor I never had.

If you’re dedicated to trading and want help navigating your way through the volatility, apply to join my Trading Challenge. If you’re accepted — and not everyone is — you’ll get access to thousands of video lessons, live webinars, arguably the best trading chat room around, and more.

Why Is Penny Stock Volume an Important Indicator?

Volume shows how liquid a stock is. That’s crucial in penny stock trading.

Liquidity determines how easy it is to get in and out of a trade. If a stock isn’t liquid, there’s a chance you’ll get stuck in it.

That’s what happened to me. I ended up taking the biggest loss of my career because of illiquidity. You can read about it in my book “An American Hedge Fund.” I think every new trader should read it and learn from my mistakes…

A stock’s volume also gives you an idea of the direction it’ll take. More on that later…

How Can You Use the Volume Indicator When Penny Stock Trading?

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Trading isn’t an exact science. You never know for sure what’s going to happen. But you can make some pretty solid guesses if you study and learn the patterns.

Every pattern is different. But in general, if there’s big volume at a key level, a stock is more likely to follow a specific pattern.

Say a stock is about to go full-on supernova. You want to look for increased volume at breakout points. That indicates buyers are in control.

The opposite goes for a downtrending stock. If you see heavy volume as a stock breaks support, it means sellers are in control. You might want to cut your losses.

It’s not always that simple … To master the art of using volume in your trading, you’ll need to understand Level 2 quotes, catalysts, and the market in general.

You can get started with my “Learn Level 2” DVD. Also, check out my no-cost “Volatility Survival Guide” and YouTube videos…

List of 9 Most Active Stocks

Before I get to the most active penny stocks from this year, I want to discuss a few higher-priced stocks that have been super active this year.

These have been some of the most volatile stocks I’ve seen — and they aren’t even penny stocks. I’m including them to show you that penny stock patterns and rules can apply to all stocks.

Serve Robotics Inc (NASDAQ: SERV) — The NVIDIA Partnership Robotics Penny Stock

Before SERV was the NVDA-investment stock … It was SoundHound AI Inc. (NASDAQ: SOUN).

Notice how these patterns can repeat in the market! That goes for the trading patterns that we use AND the pattern of stocks that could spike and why.

Nothing is a 100% guarantee in the market. But traders who position themselves correctly have a greater chance at success.

Let’s take a look at some charts … Shall we?

Below is a chart of the 350%* spike on SOUN, every candle represents one trading day:

And here’s a chart of the 920%* spike on SERV:

I’m still watching both of these stocks because they have a history of spiking and they’re in the AI sector.

For each, the price is still higher than pre-NVDA-investment levels, and that means there’s always the possibility for a follow-up bounce or another spike with the help of a new catalyst.

Set some price alerts in StocksToTrade and wait for the stock to rally.

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Nano Nuclear Energy Inc (NASDAQ: NNE) — The Nuclear Penny Stock That’s Squeezing Again

This is a new company that IPOed in May of this year.

And in June of 2024, the stock spiked 500%*.

The nuclear sector is heating up right now due to the overwhelming energy demand from artificial intelligence.

For example, it was recently announced in September that the infamous Three Mile Island would reopen and sell all of its nuclear energy exclusively to Microsoft Corporation (NASDAQ: MSFT).

For another example, read the headline below. There are BIG energy updates from across the pond:

In September, NNE is showing us more signs of volatility … The price already spiked 150%*.

Take a look at the chart below:

And considering the size of the spike earlier this year, this thing could absolutely explode as the nuclear sector continues to grow.

Most Active Penny Stocks Under $10

Now for some of the most active penny stocks…

Applied Digital Corp (NASDAQ: APLD) — The Data Center Penny Stock With the NVDA Deal

On September 5, APLD started moving with news that NVDA (among other investors) bought a stake in the stock.

We’ve seen NVDA investments act as strong catalysts before …

• SoundHound AI Inc. (NASDAQ: SOUN) spiked 350%* in February and March.
• Serve Robotics Inc. (NASDAQ: SERV) spiked 810%* in July.

NVDA is arguably still the most popular AI stock in the U.S. market. It’s hovering around a $3 trillion valuation. And it’s positioned to continue its dominance in the microchip industry.

Take a look at the 170%* spike from APLD thus far, following the NVDA-investment catalyst.

On the chart below every candle represents one trading day:

This stock already ran for more than two weeks. And prices just shot past the $7 resistance from June and July.

For anyone who’s worried that this play is overextended, good cautionary thought.

We already saw a pullback on September 27 and 30 …

My trade patterns can help us take advantage of the intraday volatility without exposing ourselves to a multi-day move.

The volatility on APLD is likely to continue. It’s just a matter of which pattern the price action wants to follow.

POET Technologies Inc. (NASDAQ: POET) — The Optical AI Penny Stock Partnering With Mitsubishi

On September 19, the market learned of a partnership between POET and Mitsubishi Electric to develop “integrated optical engine chipsets for 3.2T pluggable transceivers”. It’s described as an important aspect of optical connection for AI systems.

The price didn’t spike much that day. But by September 24, the stock reached an 80% move.

Right now, the price action shows consolidation above $4. And there’s a solid breakout level at $5.50.

Take a look at the chart below, every candle represents one trading minute:

We like to trade stocks that can follow support and resistance, like POET is doing. Without those levels, trading stocks would more closely resemble shooting baskets in the dark.

POET has a good catalyst in the AI industry and the chart shows us recent price action that we can use to build smart positions.

Laser Photonics Corporation (NASDAQ: LASE) — The AI-Enabled Laser Penny Stock

This is a HUGE short squeeze that began August in the $2 range … It spiked to $19 on Monday, September 23 …

The price action is insane, but remarkably, it’s not uncommon in our niche. Short squeezes have been crazy in 2024.

Take a look at the chart below of LASE, every candle represents one trading day:

There’s no telling what could happen from here.

Technically, short sellers could keep trying to guess the top. And they could keep blowing up.

See my post below:

Funny how few people liked my tweet about $LASE and yet its spiked $3+/share in just 3 hours since….welcome to what it feels like to be DEAD ON with the right strategy at the right time. Thank you again shorts, EVERYONE else, study https://t.co/10xyf95a6V YEAHHHHHHHH LFGGGGGGG https://t.co/6LDWM6ZjJ4

— Timothy Sykes (@timothysykes) September 23, 2024

LASE could spike higher. But even if the price tanks … I have a pattern that I use to trade stocks that are in free fall. And it’s not a short selling pattern!

These volatile stocks like to follow a specific framework that I use to profit. Within the framework, there are multiple patterns that we can use to trade.

Right now, LASE is in an area where it could break out and spike higher, or it could fall and give us a solid entry for a bounce.

Richtech Robotics Inc (NASDAQ: RR) — The Other NVDA-Partnered Robotics Penny Stock

SERV isn’t the only robotics stock that NVIDIA is investing in! And this stock has a huge history of spiking …

In August this year, the price ran 330%*.

The company was also teasing a new robot on X around the same time, see the post below:

Something new is coming!!! 👀 Can you guess what?#automation #robotics #SneakPeek #new #AI pic.twitter.com/u5ibG1Ce7k

— Richtech Robotics (@RichtechRobots) August 16, 2024

All these days later, we finally get to see the robot that Richtech was using to pump its stock. See the headline below:

Imagine that thing crawling up to you with a mimosa in its claw … LOL.

Regardless of how you feel about an AI bartender, this stock could show us another sizable opportunity to profit in October.

• It’s a former spiker.

• • • Past spikers can spike again.

• The float is still relatively low: 12.9 million shares.

• • • Anything close to/below 10 million shares is considered a low supply of shares. That helps prices spike higher when demand increases.

• And the Scorpion announcement mentioned that RR is using NVIDIA Corporation (NASDAQ: NVDA) technologies to support its “cocktail and wine tasting programs”. 🍸 🍷

• • As you already saw on this watchlist, NVDA partnerships are huge catalysts for penny stocks like RR.

This is a no-brainer watchlist stock.

But when it comes to trading, the process gets a little more difficult.

Use my AI trading bot to track the hottest patterns on RR.

Turns out, artificial intelligence can serve us drinks and it can help us build smart trade positions!

Onconetix Inc (NASDAQ: ONCO) — The Penny Stock With A Billionaire Investor

You don’t have to trade all day everyday.

Just pay attention when you have time!

A lot of my students see me making trades at ‘random’ points in the day. Like my trade on ONCO during after hours on September 26.

I just happened to be free during after hours and I saw the stock. In this 2024 market, there could be a spike at any time of day.

Pick a time frame and commit to watching the market.

See my trade notes below on ONCO:

The stock spiked 60% that afternoon. And the move reached 90% the next morning! See the chart below:

I got the trade alert from Breaking News that stated Altos Venture AG, a fund with $8 billion in assets, bought a stake in ONCO.

That’s huge news for a penny stock!

And currently, the price is still up. It’s consolidating above the $5 level … Watch for a drastic spike upward with high trading volume. That’s how we’ll know that it’s time to make a trade.

CN Energy Group Inc (NASDAQ: CNEY) — The Chinese Energy Penny Stock

This stock spiked 450%* after the market learned of a non-compliance notification from the Nasdaq.

Stocks have to meet certain requirements to remain listed on the public market, one of the requirements is a minimum share price of $1.

CNEY spiked above the $1 level after the announcement, but in subsequent days, it slid back below the required price.

Until … China’s $140 billion stimulus.

Toward the end of September, to try and boost the economy and in attempt to achieve its GDP goals, China vowed “necessary (economic) spending”.

A lot of Chinese stocks spiked as a direct result. CNEY got caught up in the momentum and now it’s flirting with the $1 price level again.

There’s a lot of volatility on this stock.

That means there are opportunities for savvy traders to profit.

Track the price action on CNEY using our AI trading bot!

Kaival Brands Innovations Group Inc (NASDAQ: KAVL) — The Delta Merger News Penny Stock

The price spiked 240%* on September 23 after it announced a merger agreement with Delta Corp Holdings Limited.

Delta Corp agreed to buy KAVL for an equivalent share price of $2.66 … The price only spiked to $1.95 before pulling back to consolidate …

I think there could be more upside on this stock, considering it was just ‘valued’ in a merger for a higher price than it’s currently trading at.

There’s already been at least one trade opportunity from this spike.

Traders who got the Breaking News alert had an opportunity to trade the volatility on day one. See the notification overlaid on the chart below:

Get the next Breaking News alert!

Lucky for you, the recent consolidation hints at an upcoming trade opportunity on KAVL.

*Past performance does not indicate future results

Most Active Penny Stocks: The Bottom Line

There’s so much opportunity in the most active penny stocks because of their insane volatility.

Learning how to navigate through volatility can be a game-changer. Apply for my Trading Challenge. I’ll do my best to help you speed your learning curve and find the trading styles that work for you in volatile markets. You just have to be willing to put in the work.

Use the active stocks above as a reference for learning trading patterns. Heavy volume can help you predict which direction a stock will go, but only if you’re prepared. So study up!

And remember to stay away from illiquid stocks. I don’t want you or anyone else to take a $500,000 loss like I did!

What do you think? What are the most active penny stocks on your watchlist? Let me know in the comments…

Frequently Asked Questions About the Most Active Penny Stocks

What Are the Best Penny Stocks to Trade?

I think the best penny stocks to trade are the biggest daily gainers with high volume. These stocks tend to give the best opportunities and risk/reward.

What Are the Most Popular Penny Stocks?

Those in hot sectors. Hot sectors are always changing. That’s why it’s so important to stay current in the markets. No one knows what the next hot sector will be or when it will pop up. Do your research and prepare.

What Is the Most Successful Penny Stock Ever?

This is a tough one. I’ve seen tons of penny stocks skyrocket in my 20+ years of trading. I think I’ve gotta go with Apple (NASDAQ: AAPL). It was trading for under $1 in 2003, and now it’s a tech giant. But remember that most penny stocks fail. Don’t believe in these companies!

Can You Get Rich Off Penny Stock Trading?

Yes! If you couldn’t, I wouldn’t have made $7.6 million in career earnings.

But know that it’s not easy and there are no guarantees. You have to work hard — but to me, the reward is worth it.