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So far in November, penny stocks have rocketed as much as 384%. Today, we're going to show you 10 of this month's top gainers.
While these penny stocks have rallied so far this month, investors are more interested in companies with potential gains ahead of them. That's why we're also going to show you one of the best stocks to buy for 2018…
|Top Penny Stock||Current Price||November 2017 Return (as of Nov. 13)|
|China Recycling Energy Corp. (Nasdaq: CREG)||$5.76||+384%|
|KBS Fashion Group Ltd. (Nasdaq: KBSF)||$5.60||+146.8%|
|OncoSec Medical Inc. (Nasdaq: ONCS)||$2.66||+133.6%|
|Rand Logistics Inc. (Nasdaq: RLOG)||$0.69||+109.3%|
|Ekso Bionics Holdings Inc. (Nasdaq: EKSO)||$2.12||+93.5%|
|Pangaea Logistics Solutions Ltd. (Nasdaq: PANL)||$4.55||+89.8%|
|Otonomy Inc. (Nasdaq: OTIC)||$5.15||+74%|
|TOP SHIPS Inc. (Nasdaq: TOPS)||$0.77||+60%|
|Container Store Group Inc. (NYSE: TCS)||$5.48||+51.8%|
|Denbury Resources Inc. (NYSE: DNR)||$1.81||+47.1%|
The biggest penny stock gainer of November is China Recycling Energy Corp., which provides recycling and energy-saving products like turbines and power generation systems. Shares of CREG stock soared 360.6% from Nov. 9 to Nov. 10 on speculative trades made in response to U.S. President Donald Trump's announced deals with China.
During his visit to China on Nov. 9, Trump announced $250 billion worth of new business deals involving several U.S. firms like General Electric Co. (NYSE: GE) and Boeing Co. (NYSE: BA). GE notched three deals, valued at a combined $3.5 billion, while Boeing secured a $37 billion agreement to sell the country 300 planes.
While Trump didn't mention any deal with China Recycling Energy, it's safe to assume CREG stock's 360.6% gain was triggered by speculation. Over 20 million shares of CREG traded just on Friday alone. That's compared to its average volume of just 925,000 shares over the last 30 days.
Speculative rallies are typically dangerous for investors. Since the stock surged based on no news tied directly to the company, shares usually decline following these rallies. That's why we don't recommend buying CREG stock right now.
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Instead, we're going to give you one of the best stocks to buy today. It's one of Money Morning Small-Cap Specialist Sid Riggs's favorite stocks in the growing mobile banking market.
Mobile banking has been on Sid's list of industries to watch, because his research shows its market value – or total revenue from all companies in the industry – is projected to grow by 716%, to $865 billion, through 2021.
Here's one of the best small-cap stocks to buy before 2018…