This Is One of the Best Penny Stocks to Buy in March 2019

Looking for the best penny stocks to buy in March 2019? They can be hard to find. But we're going to show you what separates the top penny stocks from thousands of others.

It's commonly recommended you have no more than 2% of your portfolio invested in penny stocks. Investors should always asses their own risk tolerance and consider that penny stocks carry some degree of volatility.

That said, our picks for the best penny stocks to buy in March 2019 can get you a quick, hefty return on your investment. First, to give you a sense of how big your gains can be, check out these best-performing penny stocks from last week...

Top Penny Stocks Can Post Huge Gains in a Week

The top-performing penny stock last week was in the consumer goods sector. Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) closed the week at $4.39, a whopping gain of nearly 260%.

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A technology stock took the second position. Gridsum Holding Inc. (NASDAQ: GSUM) soared more than 108% on the week to end at $4.32. The third position was held by a utility company, Sky Solar Holdings Ltd. (NASDAQ: SKYS), which rose nearly 90% in a week, closing at $1.08.

The other top penny stocks from last week finished with gains of around 50% or more. This is already a tremendous amount of growth. But with opportunity for triple-digit returns, you know it's time to get in on the ground floor.

Our best pick for March currently sells for just $2.39 per share. Analysts say it could rise more than 170% in the next 12 months. This stock is in the oil patch, likely to benefit from climbing demand around the world.

Oil and gas is a $2 trillion industry, so even a small piece of that will mean big gains for a company growing in the sector. Lucky for you, everything is falling into place for this company to thrive, making it one of the best penny stocks to buy in March 2019...

One of the Best Penny Stocks to Buy in March 2019

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Canada-based Advantage Oil & Gas Ltd. (OTCMKTS: AAV) is an energy firm with drilling sites in British Columbia and Saskatchewan. It produces approximately 35,000 oil barrels daily.

The company has a high revenue estimate of $300 million - that's 32% growth from the estimated $225 million for 2019.

AAV has a very efficient network for extraction and distribution. According to the operational strategy on its website, the company hopes to increase annual liquids production by 700% in 2021. Advantage also has terrific financial returns. A year ago, for example, it reported a 29% profit margin, far above the 6.1% industry average.

Advantage is also set to benefit from a rise in global demand for oil. Multiple economic factors are behind this spike.

Among those: Iran being under economic sanction, South American countries reeling from political turmoil, and growing uncertainty about trade sanctions worldwide. Oil prices are rising as a result.

Last summer, the benchmark West Texas Intermediate (WTI) crude oil futures reached the highest price since 2014, $72.72 per barrel. The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEArca: XLE), a basket of stocks in the sector, is outperforming the broad-based S&P 500.

Overall oil prices have risen 30% so far in 2019. Canadian demand for oil is especially soaring, given the country's economic and political stability. Mexican and Venezuelan oil distributions have shrunk in the last couple years, giving Canada more of a foothold in the U.S. market - total U.S. imports of Canadian heavy crude oil is expected to reach more than 3 million in 2020.

For the past three years, the industry in Canada hasn't turned a profit. But this year, Canadian oil companies have hiked their production, and forecasts are in for a turn of $1.4 billion.

AAV's profits will be a significant chunk of that, which is why 11 of 14 analysts recommend buying this stock. Wall Street analysts have given it a target price of $3.89 for the year, nearly 178% over the current $1.82.

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But enough about what has already been picked... Let us show you what this method is pinpointing next...
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