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

On June 24, 2025, the penny stock market witnessed notable movements, with OneMedNet Corporation leading the surge, experiencing a remarkable increase in stock value. Conversely, Fast Track Group faced the largest decline, marking a significant downturn in its stock price. These contrasting performances highlight the volatile nature of penny stocks and the factors influencing market trends.

Top Gainers:
OneMedNet Corporation (ONMD)
Today's stock movement for OneMedNet Corporation has been nothing short of spectacular, with shares surging by 100.59%. This performance ranks the company as the top penny stock mover of the day, reaching an intraday high of 0.91 before closing at 0.682. Engaged in the healthcare technology sector, OneMedNet is gaining traction after recent funding news. Reports indicate that on June 24, 2025, the company announced securing an additional $3.7 million through private placements at $0.42 per share, triggering a 180-day compliance period to maintain a minimum bid price of $1.00 for at least ten consecutive trading days, contributing to today's stock surge.

Surf Air Mobility Inc. (SRFM)
Surf Air Mobility Inc., a passenger airline company, saw its stock rise by an impressive 88.48% today, ranking second in the penny stock market. The stock reached an intraday high of $4.54 before closing at $3.605. Reports indicate that on June 20, 2025, the company secured $1 million in investments, reflecting strong market optimism and strategic efforts to drive profitability.

Sound Group Inc. (SOGP)
Sound Group Inc., a global leader in the entertainment industry, saw its stock rise by 60.08% today, ranking third among penny stocks. The stock reached an intraday high of $4.48 and closed at $4.21. Reports indicate that on June 9, 2025, Sound Group Inc. announced a $4 million share repurchase program, which analysts say has significantly boosted investor confidence, contributing to today's stock surge.

Inmed Pharmaceuticals Inc. (INM)
Inmed Pharmaceuticals Inc., a player in the pharmaceutical industry, saw its stock surge by 57.96% today, ranking fourth in the penny stock market. The stock reached an intraday high of $5.5 before closing at $3.87. Reports indicate that on June 24, 2025, InMed's stock rose significantly after unveiling preclinical data that highlighted INM-901's potential as a therapeutic candidate. The data showed INM-901's effectiveness in reducing neuroinflammatory markers associated with Alzheimer's, fueling investor optimism.

Rezolve Ai Plc (RZLV)
Rezolve Ai Plc, a company in the Professional Services industry, saw a substantial stock increase of 36.28% today, ranking fifth among penny stocks. The stock reached an intraday high of $2.86, closing at $2.78. Reports indicate that Rezolve Ai's recent inclusion in the Russell 2000® and Russell 3000® indices on June 23, 2025, alongside partnerships with Microsoft and Google, has significantly fueled market confidence, contributing to the stock's surge.

Top Decliners:
Fast Track Group (FTRK)
Fast Track Group experienced a significant downturn today, with its stock plummeting by 60.38%, the largest decline in the penny stock market. The stock hit an intraday low and closed at $2.5. The company operates within the Interactive Media and Services industry. Reports indicate that on June 23, 2025, the company faced increased scrutiny due to concerns over its recent $15 million IPO pricing, which analysts say fell short of expectations, contributing to today's stock plunge.

Upexi, Inc. (UPXI)
Upexi, Inc. experienced a dramatic stock decline today, dropping 60.30% to close at $3.97, with an intraday low of $3.75, ranking second in the penny stock market plunge. The company, operating in the personal care products industry, faced significant investor sell-off pressures. Reports indicate that the stock's nosedive followed a recent filing allowing investors to sell shares, as detailed on June 24, 2025. Additionally, on June 20, 2025, Upexi's Chief Strategy Officer was scheduled to present at a major conference, but analysts say the focus remained on the sell-off permissions impacting stock performance.

Impact Biomedical Inc. (IBO)
Impact Biomedical Inc. saw a significant decline today, with its stock plummeting by 47.83%, making it the third-largest drop in the penny stock market. The stock hit an intraday low of $0.84 before closing at $0.891. As a player in the pharmaceutical industry, the company is facing turbulent market conditions despite previous surges. Reports indicate that a merger and share exchange agreement announcement with Dr. Ashleys on June 23 led to a stock trading suspension due to abnormal price fluctuations and further contributed to today's plunge. Analysts say the market is reacting to uncertainties surrounding the merger's impact.

X3 Holdings Co., Ltd. (XTKG)
Today, X3 Holdings Co., Ltd. (XTKG), a company in the software industry, experienced a dramatic decline in its stock, plummeting 41.82% to close at $1.28, making it the fourth largest drop among penny stocks today. Reports indicate that on June 20, 2025, X3 Holdings successfully regained compliance with Nasdaq's Minimum Bid Price Requirement, but the stock has faced increased volatility. Additionally, small-cap Chinese stocks have been drawing significant attention, leading to unpredictable market movements, analysts say.

Gibo Holdings Limited (GIBO)
Gibo Holdings Limited (GIBO), a prominent player in the Interactive Media and Services sector, saw its stock plummet by 36.04% today, ranking fifth in the penny stock market. The stock hit an intraday low of $0.35, closing at $0.362. Reports indicate that on June 22, 2025, concerns over GIBO's valuation after its SPAC merger with Bukit Jalil Global Acquisition 1 Ltd. led to negative market sentiment, significantly impacting its stock price.