Top Penny Stocks For December’s Energy Stock Watch List
Why Are These 4 Penny Stocks Catching Attention?
This year has been one to remember for penny stocks. While 2020 got off to a rough start, in the past six months, many small-cap stocks have seen dramatic gains. Specifically, energy penny stocks are seeing heightened attention in recent weeks. There are a few reasons why this is the case. For one, COVID has resulted in a lower energy demand than in many years prior.
With everyone stuck at home around the world, less fuel and energy is being consumed. But, with a vaccine being distributed as we speak, some investors believe that energy consumption could move back toward pre-COVID levels. This is, of course, relatively speculative but if COVID cases decline, more people will undoubtedly be out and about.