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...