Follow Penny Stock Alerts Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
For the last 20 years, April has been the best month for stocks, delivering an average return of 1.7% for Wall Street's biggest stocks. And you can blow those returns out of the water with the right penny stocks.
That's why we're showing you the top penny stock to watch this week.
That's the case with last week's top penny stock, AVEO Pharmaceuticals Inc. (NASDAQ: AVEO). Last week, AVEO jumped 176% on acquisition rumors.
That's a tremendous gain – and it happened due to a minor $0.60 price gain.
With a small investment, you can take advantage of these kinds of sudden price jumps – as long as you buy the right penny stock.
5G Is Coming: The tech breakthrough of the century could rest on this $6 stock – get all the details here.
After showing you last week's top penny stocks, we'll show you a penny stock that's also on track to leave April's returns in the dust.
Here are last week's top-performing penny stocks:
| Penny Stock | Current Share Price | Last Week's Gain |
| AVEO Pharmaceuticals Inc. (NASDAQ: AVEO) | $1.58 | 176% |
| Pulmatrix Inc. (NASDAQ: PULM) | $2.02 | 68.33% |
| Social Reality Inc. (NASDAQ: SRAX) | $3.67 | 66.82% |
| EDAP Tms SA (NASDAQ: EDAP) | $1.10 | 48.92% |
| Cel-Sci Corp. (NYSE: CVM) | $4.35 | 41.16% |
| Sharing Economy International Inc. (OTCMKTS: SEII) | $0.17 | 38.66% |
| Riot Blockchain Inc. (NASDAQ: RIOT) | $4.34 | 36.07% |
| Technical Communications Corp. (NASDAQ: TCCO) | $4.15 | 35.90% |
| OnCoSec Medical Inc. (NASDAQ: ONCS) | $0.67 | 35.78% |
| Lightbridge Corp. (NASDAQ: LTBR) | $0.74 | 35.49% |
As you can see, last week's penny stocks already beat April's average return by a large margin.
However, those gains are nothing compared to our top penny stock to buy this week.
And you can buy it for a bargain price right now…