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The five top penny stocks to watch in December each posted gains of nearly 80% or higher in November, while the top-performing penny stock posted gains of a whopping 287%…
These stocks could continue their tremendous runs as we enter the holiday season.
As a reminder, we rarely recommend the penny stocks on our weekly list as strict "stocks to buy." That's because investing in penny stocks isn't for everyone and often requires a high tolerance for risk and volatility. The stocks listed below are not recommendations, instead they are just the five penny stocks with the biggest percentage gains.
Let's look at these penny stocks now, including the top-performing penny stock in November that posted gains of more than 280%…
Top Penny Stocks to Watch No. 5: Cliffs Natural Resources Inc.
Cliffs Natural Resources (NYSE: CLF) is a mining company that supplies iron pellets to the North American steel industry. CLF rose 78% in November, but there appears to be no specific catalyst for its rise. CLF is currently trading at $9.73 per share Monday intraday and is up 512% year to date (YTD).
Top Penny Stocks to Watch No. 4: NL Industries
NL Industries (NYSE: NL) is a holding company that owns companies in the chemical and components industries. NL is up 96% in November, but there appears to be no specific catalyst responsible for its rise. This usually means that investors are speculating on the stock. NL is currently trading at $6.50 per share Monday intraday and is up 113% YTD.
Top Penny Stocks to Watch No. 3: PhotoMedex Inc.
PhotoMedex (Nasdaq: PHMD) is a health services company that provides consulting solutions and products to dermatologists, aestheticians, and consumers. The company specializes in products and services that target skin diseases, including acne and facial damage. PHMD is up 118% in November after a study was published on Nov. 25 that found the medical aesthetics market could be worth $13.29 billion by 2021. The stock rose 42% between Nov. 23 and Nov. 25, largely in response to the study. PHMD is currently trading at $2.25 per share Monday intraday and is down 0.15% YTD.
Top Penny Stocks to Watch No. 2: Sino-Global Shipping America Ltd.
Sino-Global Shipping (Nasdaq: SINO) provides solutions and valued-added services to the shipping and freight industry. In November, SINO soared 237% after announcing that the company will be developing an Internet-based, logistics platform for its clients. The platform will help shippers connect wirelessly with trucking organizations. SINO is currently trading at $3.92 per share Monday intraday and is up 312% YTD…