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

On May 22, 2025, the penny stock market witnessed notable fluctuations, with Bon Natural Life Limited (BON) experiencing the most significant increase and Uni-Fuels Holdings Limited (UFG) suffering the steepest decline. BON's stock surged by 50%, propelled by recent strategic developments and corporate maneuvers. In contrast, UFG's stock plummeted by 47.18% due to concerns over contractual delays and regulatory compliance issues.

Top Gainers
Bon Natural Life Limited (BON)
Bon Natural Life Limited, a prominent player in the pharmaceutical industry, experienced a remarkable 50% surge in its stock price today, ranking first among penny stocks. The stock reached an intraday high of $2.82, closing at $2.10. Recent developments have greatly influenced BON's market movement. On May 22, 2025, reports indicate the company launched tea pigment digestive health products and signed a cooperation agreement, causing a 40% increase in stock value. Additionally, analysts say a 1-for-25 reverse stock split, effective May 19, 2025, helped BON comply with Nasdaq's minimum bid requirements, further contributing to today's stock surge.

Eyenovia, Inc. (EYEN)
Eyenovia, Inc., a pharmaceutical company, experienced a 45% surge in its stock price today, ranking second among penny stocks. The stock reached an intraday high of $2.12 before closing at $2.03. Reports indicate that Eyenovia's potential merger with Betaliq continues to progress, with advancements in innovative eye treatment technologies, as announced on May 20, 2025. Additionally, analysts say the company reported significant financial improvement in Q1 2025, reducing its net loss to $3.5 million from $10.9 million in Q1 2024.

Microalgo Inc. (MLGO)
Microalgo Inc., operating in the Professional Services industry, saw its stock rise by 38.22% today, ranking third in the penny stock market. The stock peaked intraday at $2.17, closing at the same price. Reports indicate that MicroAlgo's stock surge is linked to its quantum machine learning advancements, notably the Quantum Convolutional Neural Network (QCNN) architecture announced on May 17, 2025, boosting traditional computer vision performance.

SharpLink Gaming, Inc. (SBET)
SharpLink Gaming, Inc., a leader in information technology services, experienced a notable stock surge today, with a change of 34.77%, ranking fourth among penny stock market movers. The stock reached an intraday high of $3.86 before closing at $3.76. Reports indicate that the recent pricing of a $4.5 million public offering on May 20, 2025, and compliance extension from Nasdaq have contributed significantly to this upward movement.

Wolfspeed, Inc. (WOLF)
Today's penny stock market saw Wolfspeed, Inc., a semiconductor products and equipment company, rank fifth with a remarkable 32.81% stock change. The stock reached an intraday high of 1.87 before closing at 1.7. Reports indicate that Wolfspeed's stock surged following the announcement of strategic restructuring, including debt conversion to equity and factory closures, on May 21, 2025. Analysts say this move could help Wolfspeed recover from its financial distress and potentially rebound in the market.

Top Decliners
Uni-Fuels Holdings Limited (UFG)
Uni-Fuels Holdings Limited, a prominent player in the oil, gas, and consumer fuel industry, experienced a significant stock market plunge today. UFG's stock price dropped by 47.18%, marking the most substantial decline among penny stocks, with an intraday low of $1.15 and closing at $2.06. Recent reports indicate that the sharp decline follows the company's announcement on May 21, 2025, of potential delays in fulfilling certain shipping contracts, compounded by concerns over regulatory compliance issues highlighted on May 20, 2025, which analysts say have spooked investors.

Cel-Sci Corporation (CVM)
Cel-Sci Corporation, a biotechnology company, faced significant market volatility today, with its stock plunging by 45.68%. The stock, which ranks second in today's penny stock market decline, hit an intraday low of $2.32 and closed at $2.45. Recent reports indicate that the dramatic drop follows the company's announcement of a proposed public offering on May 21, 2025, where it priced 2 million shares at $2.50 each, aiming for $5 million in gross proceeds. Analysts say this has raised concerns about potential dilution and market conditions.

Basel Medical Group Ltd (BMGL)
Basel Medical Group Ltd, a Singapore-based healthcare provider specializing in orthopedic and trauma services, witnessed a significant stock decline of 36.90% today, ranking third among penny stocks. The stock closed at $1.18, slightly above its intraday low of $1.175. Reports indicate that on May 20, 2025, Basel Medical's plan to buy Bitcoin worth $1 billion for its corporate treasury led to a stock drop of around 15% after the announcement. Analysts say the move has sparked investor concerns over its financial strategy and balance sheet implications.

Catheter Precision, Inc. (VTAK)
Catheter Precision, Inc., a medical device company specializing in healthcare equipment and supplies, experienced a significant stock decline today, with shares dropping 31.46% to close at $0.207, ranking fourth in penny stock changes. Reports indicate that on May 14, 2025, the company announced its first-quarter results, leading analysts to speculate about financial instability. Additionally, a recent $1.5 million private placement announced on May 12, 2025, may have contributed to investor concerns about the company's future financial health.

Wheeler Real Estate Investment Trust, Inc. (WHLR)
Wheeler Real Estate Investment Trust, Inc., operating in the retail REIT sector, experienced a sharp stock decline of 30.19% today, ranking fifth in the penny stock market downturn. The stock hit an intraday low of $0.649 before closing at $0.74. Recent reports indicate that on May 21, 2025, WHLR announced a reverse stock split, reducing its common stock's par value to $0.01, contributing to today's stock plunge. Additionally, analysts say that the release of its first quarter 2025 financial results on May 6, 2025, has fueled further negative sentiment.