Three Small Cap Stocks To Watch This Week
The small cap space has been heating up recently, with random stocks popping 300% or more out of nowhere in one or a few days. There are three basic categories of stocks that are popping: 1. Low float/low volume multi-dollar stocks. 2. Penny stocks trading well below $0.50 and sometimes below $0.10 3. De-SPACs that have fallen way below their initial $10 merger value. The stock that we are recommending to keep close watch on in the first category is Greenwich LifeSciences, Inc. (GLSI) . It's a former major runner that went from $5.20 to $158 in one day in December 2020 after excellent data on its mid-stage breast cancer immunotherapy. The stock has been creeping up on low volume. It rose 20% on 156,000 volume last Wednesday and followed that up with another 11% gain on 89,000 volume on Friday. It picked up steam in the final hour, and if not for the early 1:00pm close, the stock might have broken out to $20.00. GLSI has 12.9 million shares outstanding, but only a 3.6 million flo