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

On June 4, 2025, the penny stock market witnessed significant fluctuations, with some companies experiencing substantial gains while others faced notable declines. Leading the gainers was K Wave Media Ltd. (KWM), which saw an impressive increase, while PTL Limited (PTLE) topped the list of decliners with the most considerable drop.

Top Gainers:
K Wave Media Ltd. (KWM)
K Wave Media Ltd. (KWM), a diversified entertainment company, experienced a remarkable stock increase of 133.33% today, topping the penny stock market charts. The company's stock reached an intraday high of $6.47 before closing at $4.48. Reports indicate that the surge is linked to K Wave's strategic partnership with Bitcoin Strategic Reserve KWM LLC, announced on June 4, 2025, which involves a $500 million equity financing plan to bolster its Bitcoin reserve strategy and expand its K-pop-related ventures.

Hoth Therapeutics, Inc. (HOTH)
Hoth Therapeutics, Inc., a pharmaceutical company, witnessed a remarkable 66.30% surge in its stock today, ranking second among penny stocks. The stock hit an intraday high of $1.64 and closed at $1.53. Reports indicate that interim results from Hoth’s Phase 2a trial of HT-001 reveal 100% success in treating cancer-related skin toxicities on June 3, 2025, driving the stock's impressive performance.

Cellectar Biosciences, Inc. (CLRB)
Cellectar Biosciences, Inc., a pharmaceutical company, saw its stock rise by 66.19% today, ranking third among penny stocks, with an intraday high of $0.687 and closing at $0.462. Reports indicate that the surge is driven by the FDA granting breakthrough therapy designation for iopofosine I 131, a novel cancer-targeting agent, on June 4, 2025. Analysts say this could expedite regulatory approval, boosting investor confidence.

MF International Limited (MFI)
MF International Limited (MFI), a software industry player, saw its stock surge by 60.83% today, marking the fourth-largest increase in the penny stock market. The stock hit an intraday high of $2.95 and closed at $1.93. Reports dated June 3, 2025, suggest that the approval of an 8:1 reverse stock split and an extension to regain compliance with NASDAQ requirements have bolstered investor confidence, contributing significantly to MFI's market momentum.

Baosheng Media Group Holdings Limited (BAOS)
Baosheng Media Group Holdings Limited saw its stock price surge by 54.43% today, ranking fifth among penny stocks. The media company's intraday high was $4.39, closing at $3.66. Reports indicate the rise is due to strategic shifts in media activities boosting investor confidence, as noted on June 3, 2025.

Top Decliners:
PTL Limited (PTLE)
PTL Limited, operating in the petroleum, natural gas, and consumable fuels industry, experienced a steep decline with its stock plummeting by 43.56%, ranking first in today's penny stock market drop. The intraday low reached $0.329, closing at $0.412. Recent reports indicate that PTL's completion of a $7.14 million public offering on April 11, 2025, and subsequent real-time forecasts have led to heightened investor concerns, contributing to the stock's downward trajectory.

Reshape Lifesciences Inc. (RSLS)
Reshape Lifesciences Inc., specializing in medical devices and supplies, experienced a significant stock decline today, with a drop of 28.44%, ranking as the second biggest fall among penny stocks. The intraday low was $4.70, closing at $4.83. Recent reports indicate that the stock's plunge could be attributed to the June 3, 2025, announcement of a 1-for-25 reverse stock split, along with financial results showing a 42.7% sales contraction in the first quarter compared to the previous year. Analysts say these developments have significantly impacted investor sentiment.

Raytech Holding Limited (RAY)
Raytech Holding Limited, operating in the durable household products industry, witnessed a significant stock decline today, dropping by 27.78% and ranking third among penny stocks. The intraday low was $1.04, closing at $1.17. Reports from June 3, 2025, suggest Raytech's latest financial results disappointed investors, and analysts say recent stock performance has been volatile, contributing to today's sharp decrease.

Perfect Moment Ltd. (PMNT)
Perfect Moment Ltd. saw a significant stock drop today, down 24.86%, ranking fourth among penny stocks, with an intraday low of $0.51 and closing at $0.541. The company operates within the textiles, apparel, and luxury goods industry. Recent developments contributing to today's stock plunge include compliance issues leading to potential NYSE delisting, reported on June 2, 2025, and Max Gottschalk's resignation from key boards, announced on June 3, 2025. Reports indicate that these factors have heavily impacted investor confidence.

Nucana Plc (NCNA)
Nucana Plc, a clinical-stage biopharmaceutical company, witnessed a sharp stock decline of 23.33% today, ranking fifth in the penny stock market downturn. The stock hit an intraday low of $0.044 before closing at $0.046. Reports indicate that on May 6, 2025, the company announced a $7 million registered direct offering, potentially contributing to the stock's volatility. Additionally, analysts say the first quarter 2025 financial results showed a reduction in cash and equivalents from £6.7 million to £4.0 million as of March 31, 2025.