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This week's top penny stocks brought shareholders gains as high as 367%, 243%, and 154% in just a matter of days.
That's why penny stock investing is so alluring – picking the right penny stocks can bring serious gains in a very short period of time. While the gains can be huge, so too are some of the risks. Penny stocks that trade "Over-the-Counter" (OTC) or on the Pink Sheets are subject to wild swings that can leave investors holding the bag on a worthless stock.
For investors who picked up one of this week's top penny stocks, the risks were worth it. Now, check out the top penny stock gainers this week…
This Week's Top Penny Stock Gains
Maverick Minerals Corp. (OTCMKTS: MVRM) is the biggest penny stock gainer this week, having posted a gain of 367% in the past five trading days. Maverick Minerals is an exploration-stage company that develops prospective oil and gas properties primarily in Texas. Like many penny stocks, shares of MVRM are very illiquid. Prior to this week, shares of MVRM hadn't traded for several weeks. MVRM finished the week near $0.41 per share, and the stock has a 52-week range of $0.03 to $3.55. Maverick Minerals has a market cap of just under $7 million.
Vanell Corp. (OTCBB: VANL) is another stock that trades "over-the-counter." OTC stocks are not subject to the same financial filing standards as companies that trade on the NYSE or Nasdaq, so investors must do the proper research before investing. Investors who jumped in on VANL this week were treated to a gain of 243%. VANL stock traded at $1.44 at the end of last week and is trading just below $5 today. VANL hit a 52-week high of $7.50 on Friday before settling back down. Vanell is a consulting firm to the coffee industry in El Salvador.