If you search through some of the discussions on places like Reddit, penny stock traders are finding that brokers like Webull and Fidelity have come into focus. I’m not endorsing any single broker over another. But seeing different trends is important. One of the big reasons is that now we’ve got traders who’re used to only trading penny stocks on Robinhood that’ve never been able to access OTC stocks before. Other brokers, including Webull, have also followed this path.

So what now? Obviously, we’ve seen plenty of activity in the OTC recently. If you look at some of the trends from last week, stocks under $0.10 ruled the most-active list. And while retail may have found new opportunities with non-listed names, the bigger firms continue focusing on major exchanges. That doesn’t mean you can’t find cheap stocks there, however. Here’s a list of penny stocks under $1 that can be bought on most brokers. But due to the low price, are they worth the risk?

1. Kelso Technologies Inc (NYSE:KIQ)
2. Gran Tierra Energy Inc. (NYSE:GTE)
3. Onconova Therapeutics Inc. (NASDAQ:ONTX)
4. Acasti Pharma Inc. (NASDAQ:ACST)
5. Luokung Technology Corp (NASDAQ:LKCO)

Bond further discussed the company’s new proprietary products, which he said are advancing toward revenue generation from new markets. Specifically, these include safeguards against accidental release of hazardous materials such as ethanol and propane. “These new market opportunities along with the Company's established products are expected to grow revenues back to profitable levels once the negative impact of the COVID-19 crisis is behind us,” Bond concluded. So with fresh capital in hand and a brighter outlook, will KIQ manage to sustain this recent uptick in momentum for February?

We discussed several energy penny stocks over the weekend, explaining the push for infrastructure spending by the Biden Administration. While the discussion most recently includes more green energy stocks than anything else, oil and gas still have the spotlight right now. One of the biggest reasons for this is that you still need fossil-fuel-powered machinery to build the infrastructure for green energy development. At least, this is what many analysts are citing right now.

In particular, Rystad Energy said earlier this year, "Any ‘green' focus of the infrastructure bill will be mostly additive to overall short-term oil products demand due to construction activity, with risks mostly limited to medium-term oil demand, depending on the scope and success of the projects."

With that, we’re seeing interest in names like Gran Tierra Energy and other oil & gas penny stocks. Shares of GTE stock are up nearly 70% year-to-date. While the company hasn’t put out any updates in February, it did gain momentum in January after announcing its year-end reserves and operational overview for 2020. With oil & gas stocks gaining attention, at least in the short-term, will GTE be one of the names on your list of energy penny stocks to watch in February?

No further updates have made mention of this. However, during that time, ONTX has rallied in a big way. This week, the momentum continues with shares testing the $1 level for the second time in a week. What’s more, the company recently filed a proxy statement for a vote on a reverse split and a reduction in Authorized shares. This special meeting of stockholders is being held on March 4th, so there’s still about 1 month until that time.

China’s Luokung Technology Corp. has experienced a volatile year in 2021 so far. However, if you look at the stock chart’s broader view, LKCO has been in a relatively clear uptrend since mid-November. The initial momentum began after the company acquired a majority stake in BOTBRAIN AI LIMITED. BotBrain is a platform that uses knowledge management and knowledge services to personalize certain content for consumers. Its major clients include the likes of FAQ-Volkswagon, Bank of China, and Tencent, among others.

The company also built upon its big-data services in signing a deal with Guangdong Yiting Information Technology in December. The pair will focus on location-based commercial marketing services for more than 90,000 gas stations across China. Furthermore, just last week, Luokung reported a partnership between acquisition candidate eMapgo Technologies and Beijing New Energy Automobile. The two agreed to collaborate on the development of autonomous driving projects for electric vehicles. As we know, electric vehicle stocks have been red hot, and despite Friday’s sell-off on financing news, LKCO stock has made a strong rebound Monday.

Penny stocks are significantly higher risk compared to other stocks in the market. But when you talk about lower-priced penny stocks, there’s likely more risk due to 1 fact. That is, small moves in prices can equate to larger percentage change. In the case of penny stocks under $1, even a move of just a few pennies can equate to a big shift in position value. So, if you’re looking for these types of stocks, no matter the broker, keep that in the back of your head.