Penny stocks are known for their low share prices and explosive potential, but it can be tough to find which stocks are worth watching. Today, we're bring you the top penny stocks to watch this week, plus one of our best stocks to buy right now...
And if you want to see just how profitable penny stocks can be, just look at Primero Mining Corp. (OTCMKTS: PPPMF), which soared over 162% in the past quarter.
Primero Mining is a Toronto-based mining company primarily engaged in gold and silver deposit exploration. It operates the San Dimas mine in Mexico as well as the Black Fox mine in Ontario, Canada.
PPPMF shares took off in January after it was announced on Jan. 12 that First Majestic Silver Corp. (NYSE: AG) would acquire all of Primero's shares at a rate of 0.03325 AG shares for each PPPMF share.
This sent PPPMF shares from $0.09 on Jan. 10 to $0.23 by Jan. 16, for a massive 155.55% gain in just five trading days. For reference, on the date of the announcement, AG shares traded at $6.79.
PPPMF's 155.55% gain in just five trading days is impressive. For penny stock investors, having one of your positions acquired by a larger company is often the best-case scenario. But as a result, you can no longer buy shares of Primero Mining.
Instead, we'll show you 10 more top-performing penny stocks to watch this week, plus one of our expert recommendations...
|Penny Stocks||Current Share Price (as of Feb. 12)||Feb. 5-12 Gain (as of Feb. 12)|
|Aqua Metals Inc. (Nasdaq: AQMS)||$3.00||69.49%|
|POET Technologies Inc. (OTCMKTS: POETF)||$0.29||44.47%|
|Nexeon MedSystems Inc. (OTCMKTS: NXNN)||$1.00||33.33%|
|Iconix Brand Group Inc. (Nasdaq: ICON)||$1.56||33.33%|
|Finjan Holdings Inc. (Nasdaq: FNJN)||$2.39||32.78%|
|Aviragen Therapeutics Inc. (Nasdaq: AVIR)||$0.82||32.66%|
|HTG Molecular Diagnostics Inc. (Nasdaq: HTGM)||$4.48||29.11%|
|CytoDyn Inc. (OTCMKTS: CYDY)||$0.70||28.39%|
|Dynatronics Corp. (Nasdaq: DYNT)||$3.20||25.49%|
|Ceragon Networks (Nasdaq: CRNT)||$2.64||24.76%|
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While the returns these penny stocks delivered in just five trading sessions look attractive, they come with huge risks.
You see, most penny stocks are speculative investments and can be extremely risky - especially stocks that trade on over-the-counter markets.
For instance, VistaGen Therapeutics Inc. (Nasdaq: VTGN) shot up from $0.92 to $2.55 on Dec. 6. Since then, the stock pulled back to $1.26. Investors who bought at $2.55 are sitting on a 50.6% loss today (Feb. 14).
Check out the sidebar for our rules for safely trading penny stocks.
Instead of finding speculative plays, 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 Strategist 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 868.44%, to $87.16 per share.
And today, we'll show you one of his top picks in the rapidly growing Chinese solar market.
Many believe that Trump's recent solar tariffs would hurt foreign solar companies. But Chinese solar panel exporters are now focused on tapping into their domestic market.
And rightly so.
This company is perfectly positioned to capitalize on projected 700% growth in China's solar market through 2035.
The Best Small-Cap Solar Stock to Buy Before 2018
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Sid's pick is JA Solar Holdings Co. (Nasdaq: JASO), which develops silicon wafers used in solar panels.
JA Solar is a Chinese solar panel component company founded back in 2005. JASO shares currently trade at $7.38.
Since 2012, the company has grown its annual revenue from $1.03 billion to $2.76 billion in 2017. It's also gone from a net loss of $255 million in 2012 to a profit of $82.8 million in 2017.
That sort of growth isn't surprising, considering China's explosive solar industry. Coupled with China's potential 700% solar industry growth through 2035, JA Solar is well-positioned to take on even more growth as the rest of the world turns to solar energy.
The U.S. Energy Information Administration projects the United States' solar production alone will grow by 500% by 2040.
And because China is already the world's leading manufacturer of solar panels, JA Solar is positioned to take advantage of both China and the United States' massive growth potentials.
Up Next: Never Miss a Penny Stock Opportunity Again
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