One of the top penny stocks to watch this week was an energy company that gained 130% in just a week. And to help you get an edge on the market, we're bringing you an energy penny stock that's even better.
You see, while we're watching these top penny stocks this week, their gains are already in the past. That's why we're looking to the future to find the next breakout candidate.
It ranks stocks based on their chance of delivering the growth we're looking for. We screen the 1,500 most profitable companies that earn a VQScore for stocks trading under $5 a share – the U.S. Securities and Exchange Commission's definition of a penny stock.
This eliminates penny stock scams and companies without real profit potential, leaving us with penny stocks that can generate great returns.
This week, it's pinpointed a penny stock that Wall Street thinks could soar 65% over the next few months. That could be too conservative.
After looking at last week's top penny stocks, we'll show you the top penny stock on our radar right now.
Here are last week's top-performing penny stocks:
|Penny Stock||Sector||Current Share Price||Last Week's Gain|
|SPI Energy Co. Ltd. (NASDAQ: SPI)||Energy||$2.27||130.00%|
|NovaBay Pharmaceuticals Inc. (NYSE: NBY)||Healthcare||$1.97||91.26%|
|Moxian Inc. (NASDAQ: MOXC)||Technology||$0.69||79.49%|
|UQM Technologies Inc. (NYSE: UQM)||Consumer Goods||$1.65||60.19%|
|Clearone Inc. (NASDAQ: CLRO)||Technology||$1.92||50.35%|
|Boxlight Corp. (NASDAQ: BOXL)||Technology||$2.48||50.28%|
|Synergy Pharmaceuticals Inc. (NASDAQ: SGYP)||Healthcare||$0.41||45.30%|
|Ascent Capital Group Inc. (NASDAQ: ASCMA)||Services||$0.60||42.79%|
|Tanzanian Royalty Exploration Corp. (NYSE: TRX)||Basic Materials||$0.52||42.26%|
|XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB)||Healthcare||$2.56||39.03%|
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As we can see from last week's top-performing penny stocks, the top-performing stock came from the energy sector.
And we're going to ride this hot sector to find our top penny stock to buy this week. It's an energy company tapping into the rising demand for natural gas – and it's making a killing in the process.
And it's only trading for $4.41 a share…