Top 10 Penny Stocks to Watch Now (April 2017)

This list provides the 10 top penny stocks to watch (April 2017), ranked by month-to-date gains...

Penny Stock Share Price (as of 4/18 close) April 2017 Gain
Hongli Clean Energies Technology Corp. (Nasdaq: CETC) $4.63 +144.2%
Cleveland BioLabs Inc. (Nasdaq: CBLI) $3.49 +118.1%
Superconductor Technologies Inc. (Nasdaq: SCON) $2.09 +64.6%
China Auto Logistics Inc. (Nasdaq: CALI) $2.47 +63.6%
Plug Power Inc. (Nasdaq: PLUG) $2.25 +63%
China Commercial Credit Inc. (Nasdaq: CCCR) $1.47 +41.4%
Cleantech Solutions International Inc. (Nasdaq: CLNT) $4.04 +40.8%
Streamline Health Solutions Inc. (Nasdaq: STRM) $1.43 +40.2%
Galectin Therapeutics Inc. (Nasdaq: GALT) $3.06 +33%
Westport Fuel Systems Inc. (Nasdaq: WPRT) $1.23 +28.1%

The best penny stock of April 2017 so far is Chinese synthetic gas company Hongli Clean Energies Technology. The CETC stock price has skyrocketed 144.2% this month, with a 101.7% gain coming on April 7 alone. However, trading for CETC stock has been halted since that date after the Nasdaq exchange requested additional information from the company.

penny stocks to watch april 2017

CETC's huge triple-digit gain in just days shows the incredible profit potential of penny stocks. However, we advise against investing in any of the top penny stocks in the chart. Although those companies trade on the SEC-regulated Nasdaq exchange, you shouldn't buy into any of them without properly researching their financials.

But performing this research can be extremely overwhelming. You have to dig through quarterly filings, 10-K reports, and other documents that span hundreds of pages. And they're often written by accountants who use technical language that's difficult to understand.

That's why Money Morning Small-Cap Specialist Sid Riggs does the complicated legwork for you and recommends the best small-cap stocks to invest in. In fact, he's found a stock trading for just over $7 a share that could rise to $10 a share by next year.

Free Report: The Best Stocks to Buy for Stunning Profits in 2017

In other words, you could see a nearly 41% return on your investment.

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

Buy This Small-Cap Stock for a 40.8% Return in 2017

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Right now, Riggs recommends investing in Mitek Systems Inc. (Nasdaq: MITK) stock.

Founded in 1983, this San Diego-based company markets and develops identity verification software. Its software services let users conduct sensitive financial transactions like check deposits and insurance payments over their mobile devices. Some of Mitek's services include Mobile Verify, used for verifying a driver's license, and Mobile Docs, used for scanning financial documents.

The best part about Mitek is its dominant position in the mobile transaction market, which is expected to grow an incredible 716% by 2021. According to Statista, the revenue for companies that make those banking transactions possible will be more than $865 billion by that same year.

According to Riggs, this shifting landscape for the banking industry will make Mitek one of the best small-cap stocks to buy in 2017.

"Trips to brick-and-mortar bank locations are going the way of the dodo bird," Riggs said. "Millennials - and everyone else for that matter - are embracing mobile bank deposits whereby a user can simply take a photo of a check and upload it straight to the bank rather than having to trudge to the branch."

Mitek's earnings history proves the firm continues to capitalize on the mobile banking market. The company's net income has staged a massive turnaround in recent years, going from a $5.3 million loss in 2014 to a $1.9 million profit in 2016.

The firm's continued bottom-line growth is why analysts are bullish on MITK stock. According to a Yahoo Finance survey of analysts, the Mitek stock price could soar 40.8% from its current $7.10 level to $10 by next April.

With a strong foot in the mobile transaction sector and growing earnings, Mitek is one of the best small-cap companies to invest in for stable returns over the next year.

Don't Miss: America's richest investors are pumping millions of dollars into penny stocks - and we found a way to get behind their exact same trades for a chance at life-changing profits. Read more...

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