Last week's 10 top penny stocks included a 91.1% gainer, which could've nearly doubled your money. Today, we'll show you exactly which penny stocks surged last week and how you can get in early on the next big winner…
Last week's top-performing penny stock, Cherokee Inc. (Nasdaq: CHKE), jumped over 90% after the company secured a $40 million three-year financing agreement that will allow the company to refinance its debt.
Cherokee's gains demonstrate the spectacular profit potentials that some penny stocks can deliver. However, the trick to getting in on returns like these is to buy a strong penny stock before it takes off.
After looking at last week's top-performing penny stocks, we'll show you a penny stock that's on the verge of crushing Cherokee's returns…
|Penny Stock||Current Share Price||Last Week's Gain|
|Cherokee Inc. (Nasdaq: CHKE)||$0.82||91.11 %|
|Checkpoint Therapeutics Inc. (Nasdaq: CKPT)||$3.54||51.62%|
|TMRS Holding Co. Ltd. (Nasdaq: TMSR)||$4.43||50.00%|
|EKSO Bionics Holdings Inc. (Nasdaq: EKSO)||$2.58||46.93%|
|Jones Energy Inc. (NYSE: JONE)||$0.47||46.76%|
|TransAtlantic Petroleum Corp. (NYSE: TAT)||$1.39||44.29%|
|Inseego Corp. (Nasdaq: INSG)||$2.70||42.27%|
|Globus Maritime Ltd. (Nasdaq: GLBS)||$0.44||37.85%|
|iFresh Inc. (Nasdaq: IFMK)||$2.81||33.64%|
|Technical Communications Corp. (Nasdaq: TCCO)||$4.88||29.87%|
While all of last week's 10 top penny stocks generated great returns, it's unlikely that they will be able to deliver these kinds of profits again anytime soon.
You see, most penny stocks lack the solid underlying financials necessary to generate a significant return. As a result, it's incredibly difficult to identify the right penny stocks to add to your portfolio.
Critical: A breakthrough technology could disrupt every major industry, and one tiny company is at the center of it all. Its stock is trading for less than $10 now, but it could deliver a 471.9% gain for early investors. Learn more…
However, our top penny stock to buy this week is an energy company that's on the verge of generating huge profits from the rising demand for oil.
In fact, it's about to lock in gains of 70%…