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These are the 10 best penny stocks that have seen the biggest returns over the last week (March 7 - March 14)...
|Penny Stock||Current Price||Weekly Gain (March 7 - March 14)|
|Ocera Therapeutics Inc. (Nasdaq: OCRX)||$1.47||+147.1%|
|Internap Corp. (Nasdaq: INAP)||$3.28||+41.4%|
|Soligenix Inc. (Nasdaq: SNGX)||$2.94||+40%|
|Navios Maritime Partners LP (NYSE: NMM)||$2.63||+37%|
|QuickLogic Corp. (Nasdaq: QUIK)||$2.14||+30.5%|
|Adamis Pharmaceuticals Corp. (Nasdaq: ADMP)||$4.60||+22.7|
|EXCO Resources Inc. (NYSE: XCO)||$0.65||+20.5%|
|Cyclacel Pharmaceuticals Inc. (Nasdaq: CYCC)||$4.38||+20.3%|
|Hebron Technology Co. Ltd. (Nasdaq: HEBT)||$3.99||+19.1%|
|Curis Inc. (Nasdaq: CRIS)||$2.85||+18.4%|
As a reminder, this is only a tracking metric of penny stocks trading on SEC-regulated exchanges like the Nasdaq and NYSE. Although these top penny stocks are safer than those trading on the pink sheets, we don't recommend buying any of them without the proper amount of financial research.
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But Money Morning Chief Research Analyst Sid Riggs has already done the legwork for you and found one of the best penny stocks to buy for one important reason - it boasts incredible long-term growth potential. That's because it has a strong presence in several billion-dollar industries, including the solar energy industry.
Although shares of this penny stock trade above the typical penny stock cutoff of $5, Riggs believes this stock is worth the extra money.
Here's one of the best stocks to buy this year...
The Best Small-Cap Stock to Buy in 2017
One of Riggs' favorite stocks to buy right now is Intevac Inc. (Nasdaq: IVAC), which has soared 33.9% to $11.44 per share this year. And Riggs sees it climbing much higher in 2017.
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Although it's more than double the standard $5 maximum for penny stocks, Intevac is worth the extra $6.44. That's because it boasts a strong presence in the defense, solar energy, and digital media markets.
You see, Intevac's sensor technology is a main component in devices across all three industries. It's used in night-vision goggles used by the military and camera equipment used by filmmakers. Both industries are poised for billion-dollar growth this year, especially the defense sector if Trump follows through on his plans to increase military spending by $54 billion.
But the solar market is where the real growth is. Intevac's sensors are used in solar panel installations, which are poised to increase by 88.1% this year to 410 megawatts.
All of this will help grow Intevac's profitability - a rare thing for small-cap companies. Intevac posted earnings per share (EPS) of $0.13 on revenue of $29 million in Q4 2016. That crushed Zacks' expectations of $0.07 per share by 86%.
The Bottom Line: Although shares of IVAC stock are well above the $5 penny stock cutoff, its high price is justified. That's because the company boasts growing profitability and dominant positions in the high-growth defense, solar, and digital media markets.
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