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Over the last few weeks, our list of the top penny stocks to watch has featured stocks with 100% gains in just a matter of days.
But this week, our top penny stock to watch skyrocketed nearly 300% over the week.
This surging penny stock is a little-known consumer goods company called New Age Beverage Corp. (NASDAQ: NBEV).
On Sept. 18, New Age stock soared 103% on reports that Coca-Cola Co. (NYSE: KO) is considering a takeover bid for the company.
New Age continued to rally for the rest of the week, closing on Friday at a price of $6.15 – a 286% gain over Monday's opening price.
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But after New Age's explosive run last week, there may be little upside left.
After looking at last week's top performing penny stocks, we'll show you a small-cap stock with real growth potential that just popped up on our radar…
|Penny Stock||Current Share Price||Last Week's Gain|
|New Age Beverage Corp. (NASDAQ: NBEV)||$3.94||286.79%|
|India Globalization Capital Inc. (NYSE: IGC)||$2.18||181.55%|
|Ascent Capital Group Inc. (NASDAQ: ASCMA)||$2.16||103.85%|
|Netlist Inc. (NASDAQ: NLST)||$0.73||80.56%|
|Oragenics Inc. (NYSE: OGEN)||$0.92||71.63%|
|Astrotech Corp. (NASDAQ: ASTC)||$3.44||68.37%|
|Command Security Corp. (NYSE: MOC)||$2.77||51.09%|
|Oasmia Pharmaceuticals (NASDAQ: OASM)||$3.57||50.66%|
|NovaBay Pharmaceuticals Inc. (NYSE: NBY)||$2.10||48.15%|
|Navidea Biopharmaceuticals Inc. (NYSE: NAVB)||$0.25||45.72%|
While the gains these stocks made are exciting, they also highlight the danger of investing in penny stocks.
You see, if any penny stock can climb over 287% on good news, it can also fall 50%, 70%, or even 100% just as quickly.
Before making speculative investments, it's important to identify investments with the kind of robust financial health that ensure you're avoiding shell companies or pump-and-dump schemes.
That's why we use the Money Morning Stock VQScore™.
Using the VQScore system, we can identify penny stocks that are on the verge of generating tremendous profits.
In fact, it just identified a small-cap stock with the potential to jump 50% higher…