11 Nanotech Penny Stocks to Consider
In this article, we will take a look at the 11 nanotech penny stocks to consider. To see more such companies, go directly to 5 Nanotech Penny Stocks to Consider.
Nanotechnology and its applications have evolved rapidly over the past few years. The idea that materials can be manipulated at atomic and molecular levels has fascinated scientists. Companies have already started using nanoscience and nanotechnology applications to make products that provide a lot of comfort and use for customers. From sunglasses to textiles, from sports equipment to electronics products, nanotechnology is showing its marvels everywhere.
Nanotechnology is already affecting a variety of products and technologies around us. According to a report by OECD, venture capitalists had already invested about $1 billion in nano companies by 2004. Half of those investments came in 2003 and 2004.
The OECD report had quoted data from Lux Research which had predicted that sales of products using nanotechnology will increase from just 0.1% of global manufacturing output to 15% in 2014 to total about $2.6 trillion. Fast forward by nine years and we can imagine the progress nanotechnology has made over all these years. Lux Research in a 2007 report listed some actual products in the market that were made possible due to nanotechnology. These products included Freescale magnetoresistive memory (MRAM), Wilson Double Core tennis balls, 3M Adper Single Bond Plus dental adhesive, Laufen Gallery washbasin with Wondergliss, Behr NanoGuard Mildew-resistant paint, and the list goes on and on.
If we were to list top ten technologies or ideas that are going to define the future of human civilization, you will find nanotechnology in the list for sure, given the idea’s powerful implications. In its 2015 report entitled Investing in the Future, KMPG talks about various technologies and concepts that have promising opportunities for investors. The report also talks about nanotechnology. The report at that time quoted data which said that the nanotechnology industry had 15 percent per annum growth forecast from 2003-2015. In addition to businesses, countries from the developed world are pouring a lot of resources in nanotechnology to unlock and use its true potential. According to a report by ACS Nano, the US federal budget for nanotechnology surpassed $1.8 billion per year for the last 2 years as of 2021. The report said that Canada’s Natural Sciences and Engineering Research Council invested a whopping $432 million in nanotechnology between 2010 and 2019. The Netherlands’ federal government funded NanoNextNL, the national program in nanotechnology, with a whopping €250 million investment from 2011 to 2017. Similarly, Japan also invested billions of dollars in the nanotechnology space.
The ACS report also talked about “Society 5.0” – an ideal human society from the future where humans and devices will be interconnected via Internet of Things and data and necessary information is shared via AI and other advanced technologies. The report discussed why nanotechnology will play a key role in the development of such futuristic societies:
“Nanotechnology and materials are expected to play important roles in the realization of Society 5.0. Nanotechnology will drive the digital transformation by providing diverse nanodevices to be used in Society 5.0, such as IoT sensors, autonomous driving vehicles, smart robots, and others. Nanotechnology and materials are also expected to contribute to the realization of a sustainable society through ensuring water purification,17 reducing CO2 emissions, and promoting material circulation with recycling approaches. Nanotechnology and materials also support our health and well-being through wearable biosensors and biomaterials for regenerative medicine.”
Applications of Nanotechnology
Perhaps the most important area where nanotechnology can make a difference is healthcare and biotech. Over the past few years the term “Nanobiotechnology” has gained a lot of popularity. The ACS report talks about how nanotechnology can solve challenges of providing healthcare to aging population. Nano devices can be used for diagnostics, drug discovery and medical treatment. Nano devices can also be used for virus inactivation using photocatalysis nanoparticles.
Nanotechnology in Semiconductors and Batteries
But currently, the biggest opportunity in the nanotechnology space remains in the semiconductor industry. Companies are funding promising nanotech startups that are working on disruptive technologies. Recently, a Massachusetts-based startup Impact Nano raised about $32 million in funding. Key investors included Intel Capital and Goldman Sachs Asset Management. Impact Nano makes specialty chemicals for the semiconductor industry.
Investments in the space got a boost as the US plans to spur growth in the semiconductor production segment via its CHIPS and Science Act. Another key area nanotechnology is creating opportunities in is the battery industry. Amid the EV boom, more and more companies are looking for ways to pack more energy in battery packs. California-based company Sila Nanotechnologies is a notable name in this regard. Several companies including Amperex Technology Limited, BMW and Daimler have partnered with Sila Nanotechnologies. In 2021, the company raised a whopping $590 million in a Series F funding round led by Coatue. Sila Nanotechnologies at the time said that it will use the funds to develop a new North American 100 GWh plant to produce its silicon-based anode material and serve smartphone and automotive customers.
Photo by Joshua Mayo on Unsplash
Our Methodology
For this article we used stock screeners, employed manual research and scoured nanotechnology-related research reports to find 11 penny stocks operating in the nanotechnology space. All of these stocks are priced under $10, except one, which we included because of its relatively low price (under $15) and significant nanotech exposure.
11 Nanotech Penny Stocks to Consider
11. NanoXplore Inc. (OTC:NNXPF)
Number of Hedge Fund Holders: N/A
Canadian-based NanoXplore Inc. (OTC:NNXPF) manufactures and supplies high-volume graphene powder for use in industrial markets. NanoXplore Inc. (OTC:NNXPF)’s graphene-enhanced plastic and composite products are used in various industries including transportation, packaging, pipe, film, electronics, and other industrial sectors. NanoXplore Inc. (OTC:NNXPF) has gained about 23% year to date through June 29.
Some analysts believe NanoXplore Inc. (OTC:NNXPF) can grow in the future on the back of the EV industry growth since NanoXplore plans to produce graphene-enhanced lithium-ion batteries for EVs.
In May NanoXplore Inc. (OTC:NNXPF) posted Q3 results. NanoXplore Inc. (OTC:NNXPF)’s revenue increased by 11.2% year over year to C$31.58 million.
10. Industrial Nanotech, Inc. (OTC:INTK)
Number of Hedge Fund Holders: N/A
Florida-based Industrial Nanotech, Inc. (OTC:INTK) makes nanotech solutions for food and beverage processing, chemical and petrochemical plants, equipment manufacturing factories, agriculture, pulp and paper mills, and maritime industries. On its website Industrial Nanotech, Inc. (OTC:INTK) lists major names like Caterpillar, Nestle, Walmart, among others, as its customers.
In November 2022 Industrial Nanotech, Inc. (OTC:INTK) said it would no longer outsource communications with its current and potential shareholders.
Industrial Nanotech, Inc. (OTC:INTK) CEO said in a statement:
“We are clearly at a moment in time when providing accurate information on a regular basis and dispelling misinformation are top priorities. Therefore, for the foreseeable future I will be the point of contact and the source of information.”
9. Sona Nanotech Inc. (OTC:SNANF)
Number of Hedge Fund Holders: N/A
Sona Nanotech Inc. (OTC:SNANF) is a Canadian company that offers rapid diagnostic tests. Some of its products included COVID-19 Saliva Lateral Flow Assay, Gemini gold nanorods; and contract services.
In June Sona Nanotech Inc. (OTC:SNANF) announced that it received the third set of results of an independent assessment of its proprietary gold nanorod nanoparticles from the U.S. National Cancer Institute's Nanotechnology Characterization Laboratory.
8. NanoTech Gaming, Inc. (OTC:NTGL)
Number of Hedge Fund Holders: N/A
Not a pure-play nanotechnology stock, NanoTech Gaming, Inc. (OTC:NTGL) makes gaming systems using patent pending math models and non-traditional designs in the land-based casino and arcade gaming markets.
7. Nano Magic Inc. (OTC:NMGX)
Number of Hedge Fund Holders: N/A
Madison Heights, Michigan-based Nano Magic Inc. (OTC:NMGX) offers nanotechnology-powered cleaning, protection, and anti-fog solutions. In April Nano Magic Inc. (OTC:NMGX) provided an important business update and said:
“Despite experiencing a disappointing 2022, riddled with unforeseen challenges that ultimately resulted in poor sales and a bigger than anticipated overall loss for the year, we made progress and are well-positioned to grow in 2023. In fact, we’re already seeing momentum cementing new partnerships that were cultivated in 2022.”
Nano Magic Inc. (OTC:NMGX) has gained about 200% in 2023 through June 29.
6. Nanobiotix S.A. (NASDAQ:NBTX)
Number of Hedge Fund Holders: 1
Nanobiotix S.A. (NASDAQ:NBTX) is a French biotech company that uses nanomedicine to develop new radiotherapy techniques for cancer patients. In 2021, Nanobiotix S.A. (NASDAQ:NBTX)’s subsidiary Curadigm was selected for the Sanofi iTech awards program as a “highly promising option” to improve gene therapies.
Curadigm is an early-stage nanotechnology company aiming to increase drug bioavailability while decreasing unintended off-target effects, specifically liver toxicity.
In May 2023, Nanobiotix S.A. (NASDAQ:NBTX) jumped about 110% after the company entered into final negotiations for an agreement to a non-binding term sheet for developing and selling its lead cancer drug candidate NBTXR3 with a global pharmaceutical company.
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Disclosure: None. 11 Nanotech Penny Stocks to Consider is originally published on Insider Monkey.