The 10 Best Penny Stocks to Watch in March 2017

Here's a list of the top 10 penny stocks to watch in March, which includes the biggest gainers last month...

Penny Stock Current Stock Price February 2017 Return
Zosano Pharma Corp. (Nasdaq: ZSAN) $2.56 +123.3%
Bellerophon Therapeutics Inc. (Nasdaq: BLPH) $1.25 +113.8%
Peregrine Pharmaceuticals (Nasdaq: PPHM) $0.59 +101.7%
Galectin Therapeutics Inc. (Nasdaq: GALT) $1.79 +91.9%
Bioanalytical Systems Inc. (Nasdaq: BASI) $1.58 +90.6%
CymaBay Therapeutics Inc. (Nasdaq: CBAY) $3.50 +89.8%
Vermillion Inc. (Nasdaq: VRML) $2.56 +86.3%
Naked Brand Group Inc. (Nasdaq: NAKD) $2.16 +76%
Eyegate Pharmaceuticals Inc. (Nasdaq: EYEG) $2.63 +73.9%
Benitec Biopharma Ltd. (Nasdaq ADR: BNTC) $2.60 +59.9%

The best-performing penny stock - Zosano Pharma Corp. - soared an incredible 123.3% from Feb. 1 to Feb. 28. To put those gains into perspective, that's more than five times the S&P 500's 23% climb in the last 12 months.

penny stocks to watchThose market-crushing gains are why we're bringing you this list of the top penny stocks of February, to see if they score even bigger returns in March.

But remember, this list is just a tracking metric. We don't recommend buying any of these top 10 penny stocks without performing extensive research into the company's financials.

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That's why Money Morning Chief Research Analyst Sid Riggs has done all the leg work for you and found one of the best penny stocks to buy right now. Admittedly, shares of this firm are more expensive than your average penny stock. But Riggs - whose proven track record includes recommending a small-cap fund in October that's since posted double-digit returns - guarantees it's worth the few extra bucks for three important reasons:

  • The company sells its products to several exploding markets, including solar energy and digital media.
  • The firm recently posted a huge earnings beat for the fourth quarter, surpassing analyst expectations by 86%.
  • Shares of the company are up 24% year to date, more than triple the 6.7% rise in the Dow Jones Industrial Average. And that's just the start.

Here's one of the best stocks to buy in 2017...

The Best Small-Cap Stock to Buy in 2017

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penny stocks to watchThe best penny stock to buy right now is Intevac Inc. (Nasdaq: IVAC), which currently trades for $10.55 a share.

Yes, that's more than double the standard maximum penny stock price of $5 per share. But Riggs - an expert at identifying huge upside potential in small-cap stocks - ensures IVAC stock is worth the extra $5.55.

The first reason he's confident in Intevac stock is the company's presence in three exploding industries: defense, energy, and digital media. Intevac's main product - sensor technology - is used in everything from military night-vision goggles to advanced camera equipment.

IVAC stock could skyrocket this year thanks to the company's presence in these three growing markets. In 2016, 218 megawatts of community solar installations were put in place. That number is expected to increase by 88.1% to 410 megawatts by the end of 2017, according to GTM Research. Not to mention the defense and aerospace sectors will surely increase if Trump follows through on his plan to increase military spending by $54 billion.

The company's growing profitability is another reason to buy IVAC stock. Last quarter, Intevac earned $0.13 per share on $29 million in revenue. That smashed Zacks' estimates of $0.07 per share.

The Bottom Line: The IVAC stock price is up 24% this year to $10.55 per share. While that's higher than most penny stocks, the company justifies its expensive share price with climbing earnings and a strong presence in the solar, defense, and digital media markets.

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