Penny Stocks to Watch (NASDAQ:CTIC & NASDAQ:PTX)

Penny Stocks to Watch (NASDAQ:CTIC and NASDAQ:PTX)   Penny stocks to watch in this volatile market can be hard to find.  The bio-tech sector has some of the fastest-growing companies with the greatest potential for upside gain. Often, these companies can skyrocket to massive highs if a new clinical trial goes well, or if the company undergoes a major reorganization that brings in fresh investor capital. There are two biotech penny stocks – CTI BioPharma Corp (NASDAQ:CTIC) and Pernix Therapeutics (NASDAQ:PTX) that appear to have exactly that kind of upside potential.   The first on our list of penny stocks to watch, CTI BioPharma Corp (CTIC), offers targeted therapies for a wide range of blood-related cancers and other serious blood conditions. The stock is currently trading at $0.403, and over a 52-week period, has traded in a relatively narrow range of $0.25 to $1.75. However, right now, Piper Jaffray currently has a $0.75 price target for the stock, which has a market capitalization of over $120 million. There appear to be at least three primary catalysts for the stock to move nearly 50 percent higher. One is the recent release of data about PERSIST-2, a Phase 3 clinical trial from the company to develop a treatment for patients suffering from myelofibrosis, a debilitating blood condition that leads to lower quality of life and shortened survival time.   Another primary catalyst is the improved earnings picture for the company. On August 4, the company reported earnings per share of $0.07, topping analysts’ consensus estimates of $0.10. Finally, the third primary catalyst is the changing ownership structure of the company, with...

MX Gold (MXLGF): Does Gold Bounce?

MXLGF now has a Buy rating at barchart.com. http://www.barchart.com/quotes/stocks/MXLGF Why? We told you about MXLGF last week and it saw a ton of action. Well, while precious metals may rise another fifteen percent over the next year, remember a junior miner like MXLGF can rip triples of that… in the short term. Some of this we have covered but its important to remind readers. Nuggets themselves are in a major upward bull trend, with analysts and fund managers in committed long positions, protecting price and placing near-term targets in the $1500 range (representing a huge rally still to come). Oil is important as well, because MXLGF has one problem: how to power its mining equipment. An oil bear market is still in play with OPEC just announcing that Saudi pumping in July reached a new all-time record. That’s spectacular for junior miners like MXLGF: Cost of mining is down, sales prices are up, and the market is favoring speculative stocks. All of that is reflected in the recent news out of MXLGF that they had to actually increase their Private Placement due to Significant Interest. In other words, there was too much demand for private placement investment in shares of the company, so they had to increase the deal. That’s about the best news a stock can have. And it comes in a stream of strong catalysts: MXLGF – Development Work on 10,000 Tonne Bulk Sample Proceeding as Scheduled and on Budget MXLGF Announces Increase in Private Placement due to Significant Interest MXLGF Announces Private Placement This is a pretty simple equation right now: Costs Down Prices Up Spec...