Penny stocks and blue chips saw another volatile day of trading today as geopolitical tensions are rising with Russia and Ukraine. On Monday, the U.S. announced that it would close its embassy in Kyiv alongside relocating certain diplomats. The Secretary of State, Antony Blinken, stated that this is due to “the dramatic acceleration in the buildup of Russian forces.”
Now, most would lean toward defense stocks in a time like this, but there are plenty of other penny stocks that investors are watching. This includes those in the mining industry, and others that may have a relation to the tensions at play. The best way to find penny stocks that will offer a greater chance of making money, is to think outside of the box. This means looking at industries or specific companies that may benefit as tensions rise or fall.
3 Penny Stocks That Investors Are Watching Amidst Geopolitical Conflict
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