VistaGen Therapeutics Inc. (Nasdaq: VTGN) is among the top penny stocks to watch this week after climbing 135% in just three trading sessions last week.
VistaGen is a San Francisco-based clinical-stage pharmaceutical company developing drugs to treat depression and other central nervous system disorders.
Last Wednesday (Dec. 6), the company received a patent for certain methods of production of its phase 2 antidepressant, AV-101.
Penny Stock | Current Share Price | Dec. 4 - Dec. 8 Gain (as of Dec. 8) |
VistaGen Therapeutics Inc. (Nasdaq: VTGN) | $1.80 | 135% |
FXCM Inc. (Nasdaq: GLBR) | $1.12 | 124% |
Neuralstem Inc. (Nasdaq: CUR) | $2.00 | 75.44% |
Ohr Pharmaceuticals Inc. (Nasdaq: OHRP) | $1.49 | 75.29% |
ClearSign Combustion Corp. (Nasdaq: CLIR) | $3.50 | 53.85% |
Astrotech Corp. (Nasdaq: ASTC) | $4.21 | 51.99% |
Burcon NutraScience Corp. (Nasdaq: BUR) | $0.72 | 44% |
LM Funding America Inc. (Nasdaq: LMFA) | $3.72 | 42.53% |
Second Sight Medical Products Inc. (Nasdaq: EYES) | $1.75 | 42.28% |
Globus Maritime Ltd. (Nasdaq: GLBS) | $1.47 | 41.35% |
As a result, its share price shot up from $0.92 to $2.52 on Wednesday. The stock pulled back to $1.80 by the end of the week, for a total gain of 135% for the week.
While VTGN's 135% gain was impressive, we're recommending a different stock to our readers today. The company we'll show you today has beaten analyst earnings expectations by an average of 40.5% in the last four quarters, and we expect more earnings growth going forward.
But before we show you our pick, here are the top 10 penny stocks to watch this week...
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While the triple-digit gains these penny stocks delivered in just five trading sessions look attractive, they come at a risk.
You see, most penny stocks are speculative investments, which can have huge price swings in a short amount of time. In this case, after climbing from $0.92 to $2.52 on Wednesday, VTGN shares fell to $1.87 by closing. And on Monday, after opening at $1.80, shares fell another $0.61, to $1.19. If you had bought in at the top, you'd be looking at losses of 52.77%.
Our Money Morning experts are more interested in finding companies that will increase in value over the long term.
That's where Money Morning Small-Cap Specialist Sid Riggs comes in.
He's an expert at bringing readers profit opportunities with massive potential at an affordable price. Consider his pick from December 2013 - Neurocrine Biosciences Inc. (Nasdaq: NBIX). NBIX was trading for just $9 per share when Sid recommended it, and now it has surged 702.77%, to $72.25.
Today, Sid recommends a medical device company whose products are used to test for HIV as well as to treat benign skin lesions through freezing.
It's the first company to sell an at-home HIV testing kit. But that's only part of the story.
Here's why this stock could take off next year...
You should look into BTCS. Itās the bitcoin service company that controls all their transaction. I believe itās the block chain controller.