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Today we're bringing you our latest list of the five best penny stocks this week. All of these stocks had big gains of over 80% last week. One of these top penny stocks is up 162% in the last week alone.
These stocks could easily continue rising higher this week. In fact, many of the best penny stocks this week are repeat winners in our penny stock series. Just weeks ago, many posted double- or triple-digit gains.
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While we don't make recommendations in our penny stocks series (penny stocks can be incredibly volatile), the five winners this week could all still have major upside.
It's up to you as a reader to decide whether they're worthy additions to your portfolio…
Let's check out our five best penny stocks this week, which includes our big 162% winner, now…
The 5 Best Penny Stocks This Week
Best Penny Stocks No. 5: Technical Communications Corp. (Nasdaq: TCCO)
Technical Communications makes communications security devices, such as encryption systems, for governments, militaries, and telecommunications companies. TCCO stock was up 83% last week, jumping from $2.57 per share to nearly $5.00 per share. Although there was no apparent catalyst for the stock's rise, investors might be speculating on TCCO stock ahead of its earnings report on Aug. 8. TCCO stock is currently trading at $4.92 per share as of Monday intraday and is up 64% year to date.
Best Penny Stocks No. 4: TCP International Holdings Ltd. (NYSE: TCPI)
TCP International makes and sells light-emitting diodes (LEDs) and fluorescent lamps. It operates facilities in Aurora, Ohio, and Shanghai, China. TCPI stock rose 84% last week, rising from $1.08 per share to $2.00 per share. There was no apparent catalyst behind the stock's rise, other than general speculation. TCPI stock is trading at $1.91 per share as of Monday intraday and is up 97% year to date.
Best Penny Stocks No. 3: OpGen Inc. (Nasdaq: OPGN)
OpGen is a medical information company that develops guidelines to fight infectious diseases in global healthcare settings. The company helps clinicians learn about infectious diseases quickly, supposedly improving patient outcomes. OPGN stock was up 112% last week, rising from $1.40 per share to $2.95 per share. Investors appear to be speculating about the success of OpGen's flagship diagnostics tool, QuickFish. The technology is designed to identify a pathogen in 20 minutes or less. OPGN stock is trading at $2.77 per share as of Monday intraday and is up 47% year to date.
Best Penny Stocks No. 2: New Concept Energy Inc. (NYSEMKT: GBR)
New Concept Energy is an oil and gas company that owns wells in Ohio and Virginia. Oddly, the company also owns a retirement facility with 114 residents in King City, Oregon. GBR stock surged 135% last week, rising from $2.20 per share to $4.90 per share. There was no apparent catalyst for the stock's rise. GBR stock is trading at $4.35 per share as of Monday intraday and is up a whopping 303% year to date.
Best Penny Stocks No. 1: Top Ships Inc. (Nasdaq: TOPS)
Top Ships is an international ship-owning company that transports petroleum products. Its fleet includes two 50,000 deadweight ton (dwt) tanker vessels and two 39,000 dwt vessels. TOPS stock spiked 162% last week, rising from $1.39 per share to $3.89 per share. There was no apparent reason behind the stock's rise, other than speculative behavior. TOPS stock is trading at $3.34 per share as of Monday intraday and is up 11.78% year to date.
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