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Half of last week's top penny stocks came from the healthcare sector, with a majority of them delivering over a 50% return.
That shows how one industry catalyst can send penny stocks soaring. And with healthcare giving penny stocks a boost right now, we're going to follow the trend with the best one to buy.
Following this week's top performing penny stocks, we'll show you one of the best healthcare penny stocks you can buy to cash in on this trend...
|Penny Stock||Current Share Price||Last Week's Gain|
|Inuvo Inc. (NYSE: INUV)||$1.37||197.65%|
|Intersections Inc. (NASDAQ: INTX)||$3.58||116.36%|
|Aeterna Zentaris Inc. (NASDAQ: AEZS)||$2.38||79.55%|
|Sellas Life Sciences Group Inc. (NASDAQ: SLS)||$1.76||65.18%|
|Arca Biopharma Inc. (NASDAQ: ABIO)||$0.83||53.79%|
|Moxian Inc. (NASDAQ: MOXC)||$0.68||46.15%|
|Restoration Robotics Inc. (NASDAQ: HAIR)||$2.07||45.86%|
|Energy Fuels Inc. (NYSE: UUUU)||$3.84||43.51%|
|Accuray Inc. (NASDAQ: ARAY)||$4.86||41.72%|
|Pioneer Energy Services Corp. (NYSE: PES)||$3.05||41.52%|
While these gains are exciting, it's often incredibly difficult to identify penny stocks with real growth potential.
That is, unless you have the right tools.
That's why we use the Money Morning Stock VQScore™ to identify the most lucrative penny stocks on the market.
Using a proprietary algorithm, the VQScore system zooms in on the stocks with serious growth potential.
And with healthcare stocks bringing shareholders huge returns recently, we've uncovered a name brand that's going to directly benefit from the industry's growth.
And it's only trading for $1.23 a share...
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Top Penny Stock to Buy: Rite Aid Corp.
Rite Aid Corp. (NYSE: RAD) is a national drugstore chain known for providing both over-the-counter medicine and prescription pharmaceuticals.
However, the stock's decline has created a spectacular buying opportunity.
Earlier this year, Rite Aid received federal approval to move forward with a proposed merger with Albertsons Companies Inc., a privately owned American grocery conglomerate.
Albertsons is currently the second largest supermarket chain in North America, controlling 1,075 stores under various brands across the United States.
The merger has created a tremendous growth opportunity for Rite Aid, which will be able to use Albertsons to expand its distribution network and reach a larger customer base.
The potential for expansion has analysts giving Rite Aid a high price target of $1.75 - a 42% gain over today's share price of $1.23.
But that's just the start. With a perfect VQScore of 4, this company has true breakout potential for those who buy now.
That's spectacular potential. However, if you're trying to get in on the ground floor of a winning investment strategy, then you have to check this out...
America's Green Gold Rush Is Just Getting Starting - Claim Your Stake Now
At this very moment, big investment firms and members of the Fortune 500 are building enormous war chests.
They're preparing to push billions upon billions of dollars into the cannabis market - and they could strike at any moment. So right here - right now - you have a once-in-a-lifetime opportunity to beat them to the punch and stake your claim.