Today, we're recapping the 10 top penny stocks to buy this week, plus a penny stock with the potential to pop after its earnings call on Thursday (Feb. 28).
You see, penny stocks offer investors the potential for double- and triple-digit gains in a matter of days.
Just take Sky Solar Holdings Ltd. (NASDAQ: SKYS), last week's top-performing penny stock. On Feb. 15, SKYS stock jumped a mere $0.60 on rumors the company may beat earnings later this month.
However, that small price fluctuation resulted in a 75% return for investors who bought before the bump – and a 111% return for those that held onto the company's stock through the end of last week.
These kinds of gains on small price fluctuations are common for penny stocks with the right kind of underlying financials that will generate strong returns for shareholders.
However, with nearly 1,000 penny stocks trading on major exchanges, it's nearly impossible to know which penny stocks have the potential to soar.
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In fact, we've used it to find a breakout penny stock in the energy sector. Not only does the stock have a high VQScore, but it's beat earnings estimates four times in a row. And it could make it a fifth time on Thursday, which is the perfect catalyst to lift this stock.
After looking at last week's top penny stocks, we'll show you this top penny stock…
|Penny Stock||Sector||Current Share Price||Last Week's Gain|
|Sky Solar Holdings Ltd. (NASDAQ: SKYS)||Utilities||$1.19||111.74%|
|Zosano Pharma Corp. (NASDAQ: ZSAN)||Healthcare||$4.54||106.36%|
|Achieve Life Sciences Inc. (NASDAQ: ACHV)||Healthcare||$3.30||89.66%|
|EnSync Inc. (NYSE: ESNC)||Industrial Goods||$0.13||85.00%|
|Riot Blockchain Inc. (NASDAQ: RIOT)||Healthcare||$3.95||74.78%|
|Ideanomics Inc. (NASDAQ: IDEX)||Technologies||$1.97||71.30%|
|Eco-Stim Energy Solutions Inc. (OTCMKTS: ESES)||Basic Materials||$0.27||54.65%|
|Pier 1 Imports Inc. (NYSE: PIR)||Services||$1.31||47.91%|
|Marathon Patent Group Inc. (NASDAQ: MARA)||Services||$0.74||42.29%|
|China Internet NationWide Financial Services Inc. (NASDAQ: CIFS)||Financial||$1.28||42.24%|
As you can see, knowing where to look for the top penny stocks could reward you with double-digit, or even triple-digit, returns in mere days.
And that's why we're so excited about our top penny stock to buy this week.
It's an energy company that's cashing in on an increasingly volatile global energy market.
In fact, it could jump as much as 64%. And it's only trading for $4.24…