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Today, we're bringing readers an updated list of the top penny stocks this week. This week's list has five penny stocks featuring gains up to 63%.
As a reminder, we don't recommend the penny stocks on our weekly lists. This is simply a list of the best-performing penny stocks from the previous week. We leave it for readers to decide what stocks align with their personal investment strategies.
But as a bonus today, we'll also talk about one stock that we do recommend.
This company is one of the hottest radio and broadcast services right now. It boasts annual sales of over $4.5 billion and has exceptional sales growth.
First, here is our complete list of the top penny stocks this week…
Top Penny Stocks No. 5: Marine Petroleum Trust (Nasdaq: MARPS)
Marine Petroleum is a royalty trust that administrates and liquidates rights to payments from oil and natural gas leases in the Gulf of Mexico. MARPS rose 14% last week, although there was no catalyst behind its rise. The stock is trading at $3.57 Tuesday intraday and is down 13% year to date.
Top Penny Stocks No. 4: InspireMD Inc. (NYSEMKT: NSPR)
InspireMD is a medical device company that makes stent platform technology for the treatment of coronary or vascular diseases. NSPR rose 27% last week, but it looks like there was no catalyst behind its rise. This usually means that investors are speculating on the stock. NSPR is trading at $2.30 Tuesday intraday and is down 89% YTD.
Top Penny Stocks No. 3: MobileIron Inc. (Nasdaq: MOBL)
MobileIron is an information technology platform that helps users secure and manage mobile applications and devices. MOBL rose 34% last week after it released its preliminary earnings results on Oct. 11. The results showed the tech company will beat its own guidance figures for revenue and expenses. MOBL is trading at $3.71 Tuesday intraday and is up 2.7% YTD.
Top Penny Stocks No. 2: MGT Capital Investments Inc. (NYSEMKT: MGT)
MGT Capital is a cybersecurity company led by legendary antivirus programmer, John McAfee. MGT rose 61% last week after it announced the release of its first security product, called Sentinel, which was designed in part by McAfee. MGT is trading at $2.31 Tuesday intraday and is up 904% YTD. The stock's big surge this year was from investors reacting positively to McAfee becoming CEO.
Top Penny Stocks No. 1: ContraVir Pharmaceuticals Inc. (Nasdaq: CTRV)
ContraVir is a biopharmaceutical company that makes drugs for the treatment of Hepatitis B (HBV). CTRV rose 63% last week after the company reported promising results from an ongoing phase 2 clinical trial of a HBV drug. The results found that patients showed an average 99% reduction in HBV viral load, compared to the control group. CTRV is currently trading at $2.34 Tuesday intraday and is down 48% YTD.
Continue reading to find out about our penny stock recommendation for this week. And we're not the only ones recommending it; 61% of analysts that cover the stock are, too. And there's one big reason why…