10 Top Penny Stocks to Buy This Week, January 7

Stocks might be coming off their worst month in decades, but we've got the 10 top penny stocks to buy this week to help you stay in the green.

And penny stocks are ideal for investors who want triple-digit returns without breaking the bank.

top penny stocksBecause penny stocks trade for under $5 a share, the smallest change in a stock's share price could double or even triple your money in an instant.

However, with over 2,800 stocks trading on the NYSE and Nasdaq for under $5, it's incredibly difficult to identify which penny stocks are on the verge of triple-digit returns.

In order to make sure we're only investing in 2019's best penny stocks, we're using our proprietary stock rating algorithm, the Money Morning Stock VQScore™.

The VQScore system weeds out penny stock scams and unprofitable companies, leaving us with penny stocks with real upside.

In fact, it recently identified a penny stock that could jump as much as 252% in 2019.

After looking at last week's top penny stocks, we'll take a close look at the top penny stock on our radar.

Here are last week's top-performing penny stocks:

Penny Stock Sector Current Share
Last Week's
Histogenics Corp. (NASDAQ: HSGX) Healthcare $0.19 133.48%
Synergy Pharmaceuticals Inc.
Healthcare $0.24 122.02%
Advaxis Inc. (NASDAQ: ADXS) Healthcare $0.38 121.96%
China Ceramics Co. Ltd. (NASDAQ: CCCL) Industrial Goods $1.50 97.25%
iPic Entertainment Inc. (NASDAQ: IPIC) Services $4.17 87.50%
Dolphin Entertainment Inc. (NASDAQ: DLPN) Technology $1.28 86.67%
Pier 1 Imports Inc. (NYSE: PIR) Services $0.67 79.04%
Restoration Robotics Inc. (NASDAQ: HAIR) Healthcare $0.92 77.55%
Legacy Reserves Inc. (NASDAQ: LGCY) Basic Materials $2.21 76.23%
Genocea Biosciences Inc. (NASDAQ: GNCA) Healthcare $0.56 73.87%

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As you can see, three of last week's top penny stocks could've more than doubled your money.

But you haven't missed out on the biggest gains.

Our VQScore system has found a penny stock that could eclipse this return by nearly 100%.

It's a little-known natural gas company sitting on tremendous profits - and it's only trading for $4.12...

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Top Penny Stock to Buy This Week: Laredo Petroleum

Laredo Petroleum Inc. (NYSE: LPI) is a natural gas and petroleum production firm based in Tulsa, Oklahoma.

Founded in 2006, Laredo currently manages reserves in Texas's Permian Basin equaling 215 million barrels of oil, 62% of which is natural gas.

Unlike most drilling firms, Laredo uses a drilling method known as the mechanical earth model, which uses data analysis of the earth's geological makeup to find the best drilling locations.

According to Laredo, this method dramatically increases the efficiency of the company's drilling operations, saving energy and cutting costs.

This is certainly evident in the company's bottom line.

Laredo currently maintains a staggering 85% return on equity - that's 83% higher than the industry average of 1.97.

In addition, Laredo has increased its gross profit by a robust 81%.

And it doesn't look like this growth is going to slow down anytime soon. According to analysts, Laredo's share price is likely to jump to $13.00.

That's a 252% increase over Laredo's current share price of $3.66.

Stocks with the potential to triple your money don't come along every day, but with the right research, you can find these gems.

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