3 Penny Stocks to Watch Now, 3/5/26

Mobix Labs, Trio Petroleum Corp., and TMD Energy Ltd. are the 3 Penny Stocks to watch on March 5, 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 March 4. 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.

Mobix Labs MOBX +20.69% ▲ – 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 4, MOBX had a Dollar Volume of $1.55 billion, while its stock price plunged by nearly 27%.

The stock price decline appears to be a reversal of Tuesday’s massive 532% rally. Mobix Labs received a significant production purchase order for components used in the U.S. Navy’s Tomahawk cruise missile program, including its high-reliability filtering component. Mobix is a qualified, production-ready supplier on an active U.S. defense platform, where ongoing production demand scales into larger orders for its filtering component.

Trio Petroleum Corp. TPET +35.45% ▲ – Trio Petroleum is an oil and gas exploration and development company, operating in the Monterey, California region. On Wednesday, TPET had a Dollar Volume of $598.38 million, accompanied by a stock price decline of 56.5%.

Shares may have primarily reversed from the prior day’s 169% war-related rally. However, Trio Petroleum also amended its at-the-market (ATM) equity offering program, boosting the total shares available for sale. Originally filed on January 9 for up to $3.6 million in common stock, a second amendment on Tuesday increased available shares to $6.49 million, bringing the program’s total maximum to $13.38 million.

TMD Energy Ltd. TMDE +23.98% ▲ – TMD Energy is a marine fuel bunkering company based in Malaysia. It specializes in supplying and marketing marine gas oil and fuel oil to vessels at sea. Yesterday, TMDE had a Dollar Volume of $236.04 million, while its shares fell 45.3%.

The share price decline seems like a reversal from Tuesday’s 32% surge, when shares of most oil and energy producers rallied due to the ongoing U.S.-Iran war and fears of prolonged oil shortage.

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