With a new month of trading on its way, it’s another opportunity for investors to keep their eyes sharp for penny stocks that can give them massive profits. For this to happen, investors must be ready to take advantage of the market conditions by buying low and selling high. This means that they have to look for currently-undervalued companies but with the potential to rise soon. They must also be on the lookout for news and events that may act as catalysts for this potential breakout.

Having known this fact, here are three penny stocks you can add to your watchlist for this coming month.

• Camber Energy Inc. (NYSE: CEI)

Camber Energy is a penny stock that has been in the spotlight often. It is a stock that can move in large amounts based purely on speculation alone. Although this may not be ideal for long-term investing, it is perfect for investors looking for short-term gains. After the announcement on May 24th that it is no longer at risk of being delisted from the NYSE American, it may be the perfect chance to invest in this penny stock.

• Endo International Plc. (NASDAQ: ENDP)

The ENDP stock is another penny stock that saw substantial movement in the past few weeks. ENDP stock shot up by more than 20% on May 26th after a bullish run a few days prior. With ENDP showing that it’s volatile, if volatility is one of your trading strategies, you should probably consider ENDP in your penny stock watchlist this coming month.

• Imperial Petroleum Inc. (NASDAQ: IMPP)

Energy penny stocks have experienced some bullish runs recently, and IMPP was not an exception. Although IMPP is quite volatile, the high price of oil and gas, among other factors, has been a key factor in the bullish run that this stock has experienced recently. This bullish momentum might continue for a while due to the fuel shortage following the Russia-Ukraine war. This penny stock is worth keeping an eye on.

Although there are lots of penny stocks gaining momentum, you should be careful before investing. While it might be difficult to do this, June might be an excellent month for you with the proper research and information.

Featured Image: Megapixl © Darren4155