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Here's a complete list of the 10 top penny stock gainers of May 2017 so far…
|Penny Stock||Current Share Price||May 2017 Gain|
|Cumulus Media Inc. (Nasdaq: CMLS)||$0.68||+140.8%|
|Workhorse Group Inc. (Nasdaq: WKHS)||$3.81||+86.5%|
|Pieris Pharmaceuticals Inc. (Nasdaq: PIRS)||$3.89||+61.4%|
|Finjan Holdings Inc. (Nasdaq: FNJN)||$3.11||+60.5%|
|New Age Beverages Corp. (Nasdaq: NBEV)||$5.82||+57.5%|
|Sito Mobile Ltd. (Nasdaq: SITO)||$3.98||+53.1%|
|Medical Transcription Billing Corp. (Nasdaq: MTBC)||$2.05||+50.7%|
|Tantech Holdings Ltd. (Nasdaq: TANH)||$2.44||+50.6%|
|Corium International Inc. (Nasdaq: CORI)||$6.70||+48.8%|
|Camtek Ltd. (Nasdaq: CAMT)||$5.38||+44.6%|
The top-performing penny stock of May so far is Cumulus Media Inc., which has seen shares soar 140.8% to $0.68 in just three weeks. CMLS stock has rocketed due to swirling rumors of a possible buyout by the firm's former CEO Lew Dickey and his new company Modern Media Acquisition Corp. (Nasdaq: MMDMU). Shares of Cumulus are up 29.3% today alone.
Cumulus' ability to more than double in price in less than a month shows the stunning profitability of penny stocks. Still, we don't advise investing in any of the 10 companies listed above. Despite trading on a safe, SEC-monitored exchange like the Nasdaq, investors should never invest in penny stocks without first poring over the company's financial filings.
However, digging through these filings can be a daunting task. They include dense earnings reports and annual 10-K filings that can be as long as 100 pages. They also include dry accounting language that can be difficult for everyday investors to decipher.
But Money Morning Small-Cap Specialist Sid Riggs is here to do that research for you and recommend only the best small-cap stocks and penny stocks to invest in. He recently picked a small-cap stock that has surged 47.6% this year and could keep going higher. Since Sid first recommended it on April 19, shares have handed investors a 30.3% return.
And that could just be the start for this stock. All four of the analysts covering this stock have bullish price estimates for the rest of 2017.
Here's one of the best small-cap stocks to buy right now…