5 Penny Stocks With Long-Term Growth Catalysts

4. PharmaCyte Biotech, Inc. (NASDAQ:PMCB)

Number of Hedge Fund Holders: 1  

PharmaCyte Biotech, Inc. (NASDAQ:PMCB) is a California-based biotech firm that develops cellular therapies for cancer and diabetes. It is placed fourth on our list of 10 penny stocks with long-term growth catalysts.

On September 16, PharmaCyte Biotech, Inc. (NASDAQ:PMCB) stock surged by over 10% after the firm released positive test results on a study of CypCaps, a drug used in the treatment of pancreatic cancer. 

At the end of the second quarter of 2021, 1 hedge fund in the database of Insider Monkey held stakes worth $4,000 in PharmaCyte Biotech, Inc. (NASDAQ:PMCB), the same as in the preceding quarter worth $7,000.