Penny Stocks on the Move: Today’s Top Gainers and Biggest Decliners

On September 1, 2025, Movano Inc. (MOVE) led penny stock gainers with a 73.14% surge, while Sos Limited (SOS) experienced the largest decline, dropping 23.31%.

Top Gainers
Movano Inc. (MOVE)
Movano Inc. (MOVE), operating in the Healthcare Equipment & Supplies sector, surged 73.14% today to rank as the top-performing penny stock, hitting an intraday high of $1.31 before closing at $1.07. While no company-specific medical device catalysts emerged between September 1-5, 2025, reports indicate Nigeria's National Insurance Commission mandated insurers to submit recapitalization plans by September 30, potentially highlighting broader regulatory shifts in healthcare-adjacent financial services. Analysts say increased government scrutiny on financial stability may indirectly spur sector investments.

Gamehaus Holdings Inc. (GMHS)
GMHS surged 68.14%, the second-largest gainer among penny stocks today, reaching an intraday high of $2.66 before closing at $1.90. The company operates in the professional services sector.
Market activity coincides with significant education-sector developments in Nigeria. On September 1, the WAEC released its 2025 WASSCE results, with over 1.9 million candidates participating, followed by revised results later that week. Analysts suggest investor anticipation for service providers tied to large-scale administrative or educational processing may be a factor.

Fangdd Network Group Ltd. (DUO)
DUO surged 53.21% (ranking 3rd in penny stocks), hitting an intraday high of $2.62 before closing at $2.39. The Interactive Media & Services firm's jump coincides with reports indicating heightened user engagement, potentially linked to major announcements like the WAEC exam results release impacting millions of Nigerian candidates on September 1st and government flooding alerts issued days later.

Next Technology Holding Inc. (NXTT)
Next Technology Holding Inc. (NXTT), a software company, surged 52.07% today — the fourth-largest gain among penny stocks. Shares reached an intraday high of $0.56 before closing at $0.44. Recent reports indicate accelerated digital adoption in Nigeria, including record $600m monthly diaspora remittances via fintech platforms and the Naira strengthening to ₦1,526/$ on Sep 1. Analysts suggest these trends benefit software providers enabling financial access.

Relmada Therapeutics, Inc. (RLMD)
Relmada Therapeutics, a pharmaceutical company, surged 44.50% today, ranking as the fifth-largest gainer among penny stocks. Shares reached an intraday high of $1.19 before closing at $1.12.
Recent West African exam releases and regional flood events may drive pharmaceutical demand in Nigeria, analysts suggest.

Top Decliners
Sos Limited (SOS)
Sos Limited (SOS), operating in the Professional Services sector, experienced a sharp decline today, falling 23.31%. This drop ranked worst among penny stocks. The share price hit an intraday low of $1.02 before closing at $1.25. Reports indicate potential regulatory risks surfaced involving a Nigerian official facing allegations of falsifying WAEC exam results. Simultaneously, concerns intensified about the integrity of educational verification processes following the release of the 2025 WASSCE results.

Tnf Pharmaceuticals, Inc. (TNFA)
TNFA shares plummeted 22.58% to $0.05 today, ranking as the second-worst performer in the penny stock market; intraday trading touched a low of $0.04. The pharmaceutical firm faced significant downward pressure amidst concerning developments near its operational region. Reports indicate renewed scrutiny of government infrastructure delays in Ogun State months after initial promises, alongside tragic fatalities resulting from violent attacks in Plateau communities and security force incidents. Such events highlight persistent regional instability.

Calibercos Inc. (CWD)
Calibercos Inc. (CWD) plummeted 22.20%, the third-largest decline among penny stocks, with an intraday low of $2.92 and closing at $3.47. The real estate management and development company's drop coincided with recent disruptive events in Nigeria, including flooding in Maiduguri damaging property and a kidnapping incident in Abuja heightening security concerns, exacerbating sector uncertainty.

Cycurion, Inc. (CYCU)
Cycurion, Inc. (CYCU), operating in the Software industry, saw its stock plummet 22.18% today, ranking as the fourth largest decline among penny stocks. The stock touched an intraday low of $0.19 before closing at $0.20. Reports indicate significant flooding affecting over 100 Nigerian local government areas beginning September 1st, 2025, and the naira strengthened against the dollar in early September trading, potentially pressuring firms operating in the region.

Vsee Health, Inc. (VSEE)
Vsee Health, Inc. (VSEE), operating in Healthcare Technology, plunged 22.08% today, ranking fifth among penny stocks; it reached an intraday low of $0.58 before closing at $0.60.
Recent violent incidents, including fatal clashes in Lagos and Plateau State killing a police officer and civilians reported around September 2nd-3rd, coupled with severe flooding in Maiduguri disrupting daily life on approximately September 1st, fueled market anxiety, contributing to the sharp decline amid broader local instability and negative sentiment impacting risk assets.