3 Penny Stocks Trading Abnormal Volume Today

Market Overview - The overall market is currently just 1.5% from its all-time high and has increased over 4% this month, leading to heightened speculation in small-cap penny stocks [1][6] - Retail investors' interest in small-cap stocks has surged following recent meme mania, despite the associated risks of volatility, low volume, and weak fundamentals [1][6] Smart for Life Inc. (SMFL) - Smart for Life Inc. experienced a dramatic surge in trading volume, with 25 million shares traded compared to an average of 800k, resulting in a stock price increase of over 50% [2] - The catalyst for this movement was the announcement of a comprehensive restructuring plan, which included recapitalization and selling non-performing assets [2] - Despite the positive developments, the stock is down 50% year-to-date and has a history of closing weak after volume surges, with a micro float of under 500k shares contributing to its volatility [2] Momentus Inc. (MNTS) - Momentus Inc. saw a significant increase in trading volume, with over 40 million shares traded today, leading to an 11% rise in stock price [4] - The increase was driven by a contract secured from DARPA for the design and demonstration of technologies for large-scale structures in space [4] - The stock is down over 60% year-to-date and nearly 90% on the year, with a small float of just 16 million shares contributing to its price volatility [4] Sharps Technology, Inc. (STSS) - Sharps Technology experienced a notable surge in volume, trading over 90 million shares today, compared to an average of 17 million, resulting in a nearly 20% increase in stock price [5] - The surge was driven by a 5-year, $200 million syringe sales agreement and an amendment to an asset purchase agreement for producing specialty syringes in the U.S. [5] - Despite today's gains, the stock remains down almost 50% from its 52-week high, and there are concerns about potential share dilution to raise operational capital [5]