3 Penny Stocks to Watch Now, 3/9/26

Peraso Inc., Trio Petroleum Corp., and Mobix Labs are the 3 Penny Stocks to watch on March 9, based on TipRanks’ Penny Stock Screener tool. These stocks are usually priced at $5 or below and typically belong to companies with a market capitalization under $300 million.

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The Penny Stock Screener allows investors to identify stocks by applying a variety of filters, including Sector, Price Target Upside, Smart Score, Analyst Consensus, Dollar Volume, and Price Change.

We leveraged the tool to identify the top three penny stocks with the highest Dollar Volume as of market close on Friday, March 6. Dollar Volume refers to the total value of shares traded in a day, calculated by multiplying the number of shares traded by the stock’s price.

Peraso Inc. PRSO -6.37% ▼ – Peraso develops and sells millimeter wave (mmWave) semiconductor devices, antenna modules, and related solutions focused on high-speed wireless connectivity, particularly in the 60 GHz band. On March 6, PRSO had a Dollar Volume of $747.39 million, while its stock price skyrocketed by 151%.

Peraso announced that its 60 GHz technology was selected by InTACT, an Israeli defense firm, for a new drone IFF (Identification Friend or Foe) system. This setup works in intense electronic warfare zones to reliably distinguish allies from threats. Drone warfare has become a central tactic in the ongoing U.S.-Iran conflict. IFF lets ground forces securely verify and identify drones in real time. This deal builds on over two years of collaboration between Peraso and InTACT to create tactical drone ID tech.

​Trio Petroleum Corp. TPET +16.58% ▲ – Trio Petroleum focuses on oil and gas exploration and development in California’s Monterey region. On Friday, TPET had a Dollar Volume of $503.59 million, while its shares surged 21.4%.

TPET stock has been volatile over the past week as oil prices surged amid the U.S.-Iran war. Moreover, the company expanded its at-the-market (ATM) equity offering program, boosting available shares to $6.49 million, for a total program maximum of $13.38 million.

Mobix Labs MOBX -9.57% ▼ – Mobix Labs is a fabless semiconductor company that designs wireless connectivity solutions for next-gen systems like C-Band and mmWave 5G, plus high-bandwidth cable tech. On March 6, MOBX had a Dollar Volume of $299.21 million, accompanied by a stock price rise of 20.1%.

Shares jumped amid rising energy prices and after announcing new production orders for components used in Gulfstream aircraft. The order is for parts in the U.S. Navy’s Tomahawk cruise missile, including its reliable filtering component. Mobix is a qualified supplier for this active defense platform, with demand growing for more filters.

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