5 Best Fundamental Penny Stocks To Invest In

4. Color Star Technology Co., Ltd. (NASDAQ:CSCW)

Number of Hedge Fund Holders: N/A

Share Price as of October 12: $1.1900

Color Star Technology Co., Ltd. (NASDAQ:CSCW) is one of the best fundamental penny stocks to monitor in the current market. Color Star Technology Co., Ltd. (NASDAQ:CSCW) provides online entertainment performances and music education services in the United States and China. The company was founded in 2002 and is based in New York. 

Color Star Technology Co., Ltd. (NASDAQ:CSCW) announced on September 26 that it will enter the mobile industry to partake in the development and manufacturing of a metaverse phone. Color Star Technology Co., Ltd. (NASDAQ:CSCW) is collaborating with leading international enterprises to develop and manufacture the DONO metaverse phone. The company also disclosed on September 22 that the Asian fashion brand, Unbounded Human, will start selling its clothing on the ColorWorld Metaverse platform. These are positive catalysts for Color Star Technology Co., Ltd. (NASDAQ:CSCW) stock.