Top Penny Stock Gainers to Watch in April 2017

This list shows the 10 top penny stock gainers of March 2017, which we'll be keeping an eye on in April to see if they post any more gains...

Penny Stock Current Price March 2017 Gain
Ocera Therapeutics Inc. (Nasdaq: OCRX) $1.26 +98.5%
Cancer Genetics Inc. (Nasdaq: CGIX) $3.90 +82.2%
Verastem Inc. (Nasdaq: VSTM) $2.02 +81.6%
Catalyst Pharmaceuticals Inc. (Nasdaq: CPRX) $1.92 +72.6%
Imprimis Pharmaceuticals Inc. (Nasdaq: IMMY) $4.01 +70.9%
Internap Corp. (Nasdaq: INAP) $3.73 +65.3%
Performant Financial Corp. (Nasdaq: PFMT) $2.87 +62.8%
Highpower International Inc. (Nasdaq: HPJ) $4.15 +61.2%
Pain Therapeutics Inc. (Nasdaq: PTIE) $0.84 +56.1%
Microvision Inc. (Nasdaq: MVIS) $2.40 +55.6%

The best penny stock of March 2017 was Ocera Therapeutics Inc. with a 98.5% return. That crushed broader indexes like the Dow Jones Industrial Average and S&P 500, which gained 0.2% and lost 0.2% last month, respectively.

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But remember, this list simply tracks the top stocks trading under $5 a share on the SEC-regulated Nasdaq exchange. Although these penny stocks are safer than the unregulated ones trading on the pink sheets, you shouldn't buy them without first doing extensive research. This can include examining the company's CEO compensation and other finances included in its 10-K filing.

top penny stock gainers

Conducting this research can be an arduous task, especially if you're unfamiliar with company documents. A 10-K filing can be hundreds of pages long and contain mundane language that only the company's accountants understand.

That's why Money Morning Small-Cap Specialist Sid Riggs has already done the research and found one of the best small-cap stocks to buy right now. He likes this company for two reasons...

  • It boasts more than 10,000 customers across several booming markets like healthcare and banking.
  • It has a dominant position in the high-growth financial cybersecurity sector.

Not to mention analysts expect it to soar as much as 53.8% over the next 12 months.

Here's the one stock you must consider today...

Buy This Small-Cap Stock for a 53.8% Profit by Next April

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According to Riggs, one of the best stocks to buy right now is VASCO Data Security International Inc. (Nasdaq: VDSI).

Riggs has already recommended this stock twice to our Money Morning members. Although it's down 5.1% this year, we think it's a great opportunity to buy the dip before it could rocket 53.8% to $20 by April 2018.

VASCO is a tech company that offers encryption services for digital and mobile banking. These services include mobile app security and electronic signature functionality, among many others. It has more than 10,000 customers worldwide, including some of the world's largest banking companies, government agencies, and healthcare firms.

What many investors don't realize is how much growth potential VASCO's niche industry has...

Riggs - whose last stock pick is up 22.3% since first recommending it on Feb. 10 - says roughly 2 billion people are expected to use mobile devices for banking transactions by 2019. That means there could be as many as 285.7 million mobile transactions every day by then if each person performs at least one transaction per week.

"That comes out to 11.9 million transactions an hour," Riggs said. "That's a whole lot of opportunities for hackers to intercept your banking information as it travels through 'secure' networks."

The explosive growth of mobile banking will give VASCO a massive opportunity to get more customers and grow its profits. Analysts surveyed by Yahoo Finance expect VASCO's annual revenue to increase 6.4% from a projected $185.9 million this year to $197.8 million in 2018.

Those same analysts give VDSI a one-year high target of $20 per share. That means you could net a 53.8% return on your investment.

With that high of a gain, it's clear that VASCO's dominant position in the financial cybersecurity sector makes it one of the best small-cap companies to invest in today.

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