The 10 Top Penny Stocks to Watch This Week - and the One Small Cap to Buy

Today we're looking at the 10 top penny stocks that every investor should keep an eye on. And for investors looking for reliable returns, we're revealing a small-cap stock trading at a bargain price.

You see, while penny stock investments can occasionally offer investors a quick turnaround on their investments, they often lack the kind of robust financial background that produces this return in the first place. Our favorite small-cap stock steers clear of this pitfall by giving smart investors sizable returns instead.

BLACK AND COIN

In order to identify small caps like this, we use the Money Morning Stock VQScore™ system to find the best stocks with market caps between $300 million and $2 billion - the standard definition for small-cap stocks.

After looking at last week's top penny stocks, we'll show you a small cap that's on the verge of providing significant returns.

Here are the top-performing penny stocks from last week...

Penny Stock Current Share Price Last Week's Gain
MER Telemanagement Solutions Ltd. (Nasdaq: MTSL)  $2.84 94.30%
Pedevco Corp. (NYSE: PED)  $2.51 71.33%
ARC Document Solutions Inc. (NYSE: ARC)  $2.39 49.39%
ReWalk Robotics Ltd. (Nasdaq: RWLK)  $0.94 35.87%
Schmitt Industries Inc. (Nasdaq: SMIT)  $2.97 29.29%
TravelCenters of America LLC (Nasdaq: TA)  $4.65 27.78%
SAExploration Holdings Inc. (Nasdaq: SAEX)  $1.95 23.08%
Marathon Patent Group Inc. (Nasdaq: MARA)  $1.19 22.43%
Precipio Inc. (Nasdaq: PRPO)  $0.39 18.10%
NXT-ID Inc. (Nasdaq: NXTD)  $1.79 17.88%

Investors are wise to keep an eye on these penny stocks for future growth opportunities. However, thanks to last week's significant price increases, they're unlikely to replicate these gains again anytime in the near future.

However, our favorite small cap is on track to generate great returns that will last.

Trading for under $3, this Canadian mineral firm could see gains of over 40% in the near future...

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Turquoise Hill Resources Is Our Small Cap to Buy

Headquartered in British Columbia, Turquoise Hill Resources Ltd. (NYSE: TRQ) is a Canadian mineral exploration firm focused on the Pacific Rim region.

Over the last several years, Turquoise Hill has developed several significant mining projects, including the Oyu Tolgoi Project in Mongolia - one of the world's largest copper and gold porphyry deposits.

During the last fiscal year, Turquoise Hill beat earnings by an average of 225% while heavily investing in the expansion of its mining operations across the globe.

The company's rapid expansion and investment has given Turquoise Hill some aggressive production estimates for 2018.

The company's 2017 estimates state that Turquoise Hill will pull between 125,000 to 155,000 tons of copper and 280,000 tons of gold over the course of 2018.

Last month, Turquoise Hill doubled down on these figures and stated that it had the potential to outpace initial estimates.

TRQ stock currently trades for $2.78 a share. However, with rapid expansion fueling rising profit potential, analysts estimate that the company could hit $4.00 in the near future. This is a gain of 43%.

Stocks like Turquoise Hill Resources are easy to identify thanks to the VQScore system.

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