With strong returns becoming increasingly rare in the wake of a weaker global economy, savvy investors are keeping an eye out for the kind of investments that can still pack a punch.
That's why we're bringing you the 10 top penny stocks to watch this week.
You see, thanks to their low market price, penny stocks can deliver investors tremendous gains on a price swing of just a few cents.
For example, if you bought 500 shares of a $1 penny stock that went up a mere $0.50, you could capture a 50% return on your investment in the blink of an eye.
However, while the gains may be easy, finding the right penny stock to invest in is often incredibly difficult.
There are over 2,800 stocks trading on the NYSE and Nasdaq for less than $5 – the U.S. Securities and Exchange Commission's definition of a penny stock.
And the truth is that many of these penny stocks are in companies not making any money, are poorly managed, or are outright scams.
That's where we come in.
We use our proprietary stock rating system to find only the best stocks with the most growth potential.
After looking at last week's top penny stocks, we'll show you a penny stock that's on the verge of delivering a return of over 250%…
Here's are last week's top-performing penny stocks:
|Penny Stock||Sector||Current Share Price||Last Week's Gain|
|Biocept Inc. (NASDAQ: BIOC)||Healthcare||$2.12||150.00%|
|ToughBuilt Industries (NASDAQ: TBLT)||Industrial Goods||$3.19||69.25%|
|Resonant Inc. (NASDAQ: RESN)||Technology||$2.56||54.22%|
|Titan Medical Inc. (NASDAQ: TMDI)||Healthcare||$3.45||52.78%|
|LM Funding America Inc. (NASDAQ: LMFA)||Financial||$1.80||52.67%|
|Corevio Pharma Corp. (NASDAQ: CORV)||Healthcare||$3.38||51.63%|
|Valhi Inc. (NYSE: VHI)||Basic Materials||$3.19||48.07%|
|Moxian Inc. (NASDAQ: MOXC)||Technology||$0.90||47.13%|
|Renmin Tianli Group Inc. (NASDAQ: BIQI)||Consumer Goods||$1.74||46.93%|
|Sonic Foundry Inc. (OTCMKTS: SOFO)||Technology||$1.20||46.65%|
See Now: Our founder just released his No. 1 pick for 2019. Don't miss this. See the urgent briefing here…
As we can see from last week's top-performing penny stocks, the right penny stocks are still delivering strong returns despite increasingly adverse market conditions.
And the stock we're about to show you is no exception.
It's a petroleum firm riding America's surge in oil production to new highs.
In fact, analysts say it could soar as much as 252% in 2019. And it's only trading for $3.63…