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Last week's 10 top penny stocks were led by a little-known blockchain firm that just closed a $24 billion contract to revolutionize China's public transportation system.
On Friday (Aug. 24), Seven Stars Cloud Group (Nasdaq: SSC) announced a $24 billion deal to finance China's nationwide push to replace all gas-powered public buses with electric vehicles by 2021.
According to a press release, Seven Stars will offer two financing campaigns for the initiative through its regulatory-compliant blockchain network. The first campaign intends to raise $8.75 billion over the next three years. The second campaign hopes to generate an additional $15 billion by 2025.
The announcement pushed shares of Seven Star to $5.65, locking in a gain of 175% over Monday's (Aug. 20) opening price of $3.00 a share.
Seven Star's tremendous gains show the kind of returns a strong penny stock can generate for shareholders.
However, Seven Star's gains are already on the books. After looking at last week's top performing penny stocks, we'll show you a penny stock on the verge of jumping over 70%...
|Penny Stock||Current Share Price||Last Week's Gain|
|Seven Stars Cloud Group Inc. (Nasdaq: SSC)||$4.49||175.13%|
|Alliance MMA Inc. (Nasdaq: AMMA)||$0.37||121.05%|
|India Globalization Capital Inc. (NYSE: IGC)||$1.14||74.38%|
|Obalon Therapeutics Inc. (Nasdaq: OBLN)||$3.23||63.16%|
|Cytori Therapeutics Inc. (Nasdaq: CYTX)||$0.56||55.76%|
|Atlanticus Holdings Corp. (Nasdaq: ATLC)||$2.85||43.55%|
|Research Frontiers Inc. (Nasdaq: REFR)||$1.28||41.37%|
|Koss Corp. (Nasdaq: KOSS)||$4.08||41.28%|
|GLG Life Tech Corp. (TSE: GLG)||$0.88||33.90%|
|Geron Corp. (Nasdaq: GERN)||$4.76||32.40%|
While those gains are already in the book, you don't have to miss out on the next penny stocks to soar.
In fact, we've already uncovered one penny stock with serious growth potential.
It's a Canadian energy company tapping into North America's growing oil output.
And it's about to jump over 70%...
Our Top Penny Stock to Watch This Week
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Advantage Oil and Gas Ltd. (NYSE: AAV) is a Canadian energy company based in Calgary. Operating drilling sites across British Columbia and Saskatchewan, Advantage produces roughly 35,000 barrels of oil per day.
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Thanks to the company's efficient extraction and distribution network, Advantage produces great returns for its investors. As of Q1 this year, Advantage reported a profit margin of 29% - crushing the industry average of 6.1%.
Like the international oil industry, Advantage is poised to benefit from a wave of economic stimuli driving demand in the oil industry.
New sanctions on Iran, looming production issues in South America, and increasing global trade instability are driving oil prices through the roof and have driven demand for Canadian oil to new highs.
Earlier this summer, West Texas Intermediate crude futures hit $72.72 a barrel, its highest level since 2014. Meanwhile, SPDR S&P Oil & Gas Exploration & Production ETF (NYSE Arca: XLE) is now outpacing the performance of the S&P 500.
Increase demand is having a huge impact on Canadian oil output. In fact, after three years of struggling to generate a profit, the Canadian oil industry is expected to produce $1.4 billion in profit this year thanks to rising global demand.
This demand increase is sure to show up in Advantage's bottom line. That's why analysts have given Advantage a price target of $5.90 - a 71% increase over today's price of $3.45.
That's a great return. However, if you're looking an aggressive profit opportunity, then you have to check this out...
Public Law 92-313 Creates $11.1 Billion Cash Bonanza
Thanks to an obscure law, over 100 government agencies are required to pay rent, including the DOJ, FBI, and NASA.
This money is being funneled into the Treasury. And it's helped create an enormous $11.1 billion pool of money.
If you add your name to a special distribution list, you could begin collecting $1,795 or more every month from this powerful investment income stream.