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With over 2,800 stocks trading on the NYSE and the Nasdaq for under $5 a share, finding the top penny stocks to watch can be overwhelming.
In order to help Money Morning readers find the best penny stocks, we'll start by looking at last week's top-performing penny stocks.
And since last week's performers might not keep soaring, we'll show you a penny stock that's on the verge of breaking out, so you can get on board early.
Here are last week's top-performing penny stocks:
| Penny Stock | Sector | Current Share Price | Last Week's Gain |
| Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) | Consumer Goods | $4.39 | 259.84% |
| Gridsum Holding Inc. (NASDAQ: GSUM) | Technology | $4.32 | 108.70% |
| Sky Solar Holdings Ltd. (NASDAQ: SKYS) | Utilities | $1.08 | 89.47% |
| Conformis Inc. (NASDAQ: CFMS) | Healthcare | $1.26 | 75.00% |
| Ideal Power Inc. (NASDAQ: IPWR) | Industrial Goods | $0.52 | 56.73% |
| ADMA Biologics Inc. (NASDAQ: ADMA) | Healthcare | $4.22 | 52.35% |
| CAS Medical Systems Inc. (NASDAQ: CASM) | Healthcare | $2.41 | 51.57% |
| Arcimoto Inc. (NASDAQ: FUV) | Consumer Goods | $4.88 | 50.15% |
| Adomani Inc. (NASDAQ: ADOM) | Consumer Goods | $0.38 | 49.94% |
| Huttig Building Products Inc. (NASDAQ: HBP) | Services | $3.41 | 47.62% |
Can't-Miss Opportunity: Renowned Author of Best-Selling Investment "Bible" Just Released His Newest Pick
As you can see, only two stocks generated triple-digit returns last week. However, we've found another penny stock that's on the verge of breaking a 100% gain.
In fact, our top penny stock to buy this week could rise just over 170%.
It's an oil company riding increasing global demand to sky-high profits.
And it's only trading for $2.33...
thank-you for helping those of us that cannot get info any other way, you will be blessed, as i hope we will with your info..i was thinking this was the news letter, if not then i will sign up below again ..just in case…