Salem Media Group Inc. (NASDAQ: SALM)

Salem Media Group inc. is a penny stock that has increased in value by more than 40% in the past five days with a six-month and YTD gain of over 130% and 310% respectively. These are very sizable and reflect both the company and the entertainment industry during that time.

If you’re not familiar, Salem is a company that offers broadcasting, digital media, and publishing services. Salem holds ownership of radio networks and sells commercial airtime. It additionally provides Christian, conservative news, investing, e-commerce, and other entertainment through various websites such as CCMmagazine.com and SingingNews.com. Also included in Salem’s business is the publishing of books and magazines. 

On October 11th, Salem announced its participation in the Noble Capital markets C-Suite Interview Series. In this interview series, multiple Salem executives including the CEO Edward Atsinger sat down with Noble Capital Markets Senior Research Analyst Michael Kupinski. The topics discussed included recent refinancing, management’s goals, key growth drivers, and more. The interview took place on September 19th and is available for access via Channelchek.

Salem also recently announced that its Salem Podcast Network will launch the Doug Collins Podcast on October 25th. Doug Collins is a former Congressman who represented Georgia’s Ninth Congressional District from 2013 to 2021.

One trading day before the podcasts launch, SALM stock’s volume was nearly 33 million compared to an average of 1.1 million. Keeping this in mind, will SALM make your list of penny stocks to watch?


IZEA Worldwide Inc. (NASDAQ: IZEA)

IZEA Worldwide Inc. is a penny stock that just went up nearly 17% on the market on October 22nd in addition to a more than 10% gain during premarket today. This company offers an online marketplace for content creators and marketers to use. IZEA also offers technology solutions that allow for the management of content workflow. Some of the solutions offered by its services are creator search and targeting, analytics, bidding, and payment processing. Its business also includes influencer marketing campaigns which has become a large market during the past year and a half.

On October 19th, IZEA’s Talent Partner Program welcomed The Cut. The Cut is a sports and entertainment marketing agency that creates partnerships to benefit its clients. It currently represents 90+ clients in leagues such as the NBA, NFL, and MLB. As a part of the partner program, The Cut will get better opportunities for sponsorship deal flow by collaborating with IZEA’s Managed Service division. It will also be able to access preferred talent inclusion in the IZEAx and Shake creator networks and more.

Just a few days after this announcement was made, IZEA stock increased substantially in the market. Currently, its trading volume is over 22.5 million compared to an average of just above 1 million. Considering this info, will IZEA be on your penny stock watchlist in October?

Kelso Technologies Inc. (NYSE: KIQ)

Another penny stock that has been moving up substantially in the past few trading days is Kelso Technologies Inc. Kelso is an industrial company that offers equipment for the transportation market. The company is involved in the development, production, and distribution of these products. Primarily, Kelso offers railway equipment, but it also offers trucking components. Its railway products include bottom outlets, pressure cars, check values, and wheel cleaners. Its trucking components include one-bolt manways and safety vales for tank trailers.

Back in August, Kelso announced the regulatory completion of new commercial truck tanker equipment. It has now completed the design, engineering, and required testing of two pieces of truck tanker equipment. This equipment was made to reliably contain and manage the pressure of commodities transported by road. These products include a combined pressure and vacuum relief valve and a one-bolt manway.

On October 22nd, KIQ stock increased in value and its volume was much higher than its average in the market. Considering all of this, does KIQ stock deserve a spot on your list of penny stocks to watch?

This article originally ran on pennystocks.com.