These five stocks could easily continue their big runs this week, which is why we're bringing them to your attention now.
While we aren't making specific stock recommendations – remember that penny stocks can be extremely volatile – these five winners could all still have upside. It's up to you to decide whether they're worth adding to your portfolio.
The Best 10 Penny Stocks for 2016: Click here to get our complete list of the top-performing penny stocks this year…
Let's take a look at our latest best penny stocks list – which includes our big 450% winner – now…
The 5 Best Penny Stocks This Week
Best Penny Stocks No. 5: Digital Ally Inc. (Nasdaq: DGLY)
Digital Ally makes and markets video imaging and audio for use in law enforcement and commercial applications. Two of its main products include an in-car video/audio recorder that mounts on rear-view mirrors and a weather-resistant camcorder for use on small vehicles like ATVs and boats. DGLY stock rose 68% last week shortly after the Dallas shootings. Many investors were speculating Digital Ally will profit from a call for increased police oversight. Its chest cameras are already being used by some police officers and first responders. As of intraday Monday, June 11, DGLY stock is trading at $6.28 per share and is down 4.5% year to date.
Best Penny Stocks No. 4: Torchlight Energy Resources Inc. (Nasdaq: TRCH)
Torchlight acquires and explores oil and natural gas in the United States. TRCH stock spiked 72% last week after it announced positive results from a scientific test on one of its wells in Orogrande, New Mexico. The company found that the well was rich in oil and suitable for drilling. Torchlight said it will complete its testing procedures in the coming weeks to identify oil productivity. As of Monday intraday, TRCH stock is trading at $1.14 per share and is up 6.6% year to date.
Best Penny Stocks No. 3: Vicon Industries Inc. (NYSEMKT: VII)
Vicon designs and builds cameras and camera components used in security, surveillance, and safety applications. VII stock surged 114% last week shortly after the Dallas shootings. Like DGLY stock, many investors were speculating that Vicon could profit from a push for increased police oversight. As of Monday intraday, VII stock is trading at $0.86 per share and is down 51% year to date.
Best Penny Stocks No. 2: SemiLEDs Corp. (Nasdaq: LEDS)
SemiLEDs makes light-emitting diode (LED) chips and components. LEDS stock jumped 233% last week after entering a purchase agreement with an investor named Peter Chiou. The company sold more than half a million shares to the investor at $5 per share. That gives Chiou a roughly 20% stake in the company. Chiou's capital injection will likely be used by SemiLEDs to pay down debt or grow its revenue. As of Monday intraday, LEDS stock is trading at $6.75 per share and is up 80% year to date.
Continue reading to learn about the No. 1 penny stock last week. This stock had market-crushing gains of over 400% after it announced a big turnaround for fiscal 2016.
Best Penny Stocks No. 1: Birks Group Inc. (NYSEMKT: BGI)
Birks Group designs and sells jewelry, with a focus on time pieces, sterling silver, and gifts. It operates stores in the United States and Canada. BGI stock skyrocketed nearly 470% last week after it announced a return to profitability for fiscal 2016. The company said it continued to see store sales growth and reported an increase in net income by $14 million compared to fiscal 2015. The company had operated at a net income loss of $8.6 million last fiscal year. But this year, it reported a net income of $5.4 million. As of Monday intraday, BGI stock is trading at $2.69 per share and is up a whopping 641% year to date.
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