Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
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.
Because 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 Price |
Last Week's Gain |
| Histogenics Corp. (NASDAQ: HSGX) | Healthcare | $0.19 | 133.48% |
| Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) |
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% |
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…
I am really interested because I am retired and need more income.