10 Top Penny Stocks to Buy This Week (June 19)

This Wednesday (June 19), the U.S. Federal Reserve is meeting in Washington, D.C., and it could be a prelude to an interest rate cut. That could give stocks a boost, which is why we're bringing you the top penny stocks to watch this week.

While the jury is out on what the Fed will decide to do, all eyes will be on Chair Jerome Powell when he briefs the press Wednesday afternoon.

You see, while the big names on Wall Street hate uncertainty, penny stocks thrive in volatile environments.

That's because penny stocks can make huge returns on even the smallest price movements, making them a great type of stock to buy at a time like this.

Just look at last week's top-performing penny stock, NovaBay Pharmaceuticals Inc. (NYSE: NBY). NovaBay shot up 422% on reports the company had moved one of its most ambitious drug projects toward mainline production.

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And it only took a price gain of $1.34 per share to send the stock soaring over 400%.

After showing you nine other top penny stocks to watch, we'll show you one penny stock that's on track to surge nearly 150% higher...

Penny Stock Current Share Price Last Week's Gain
NovaBay Pharmaceuticals Inc. (NYSE: NBY) $0.27 422.01%
Vuzix Corp. (NASDAQ: VUZI) $3.57 75.86%
Histogenics Corp. (NASDAQ: HSGX) $0.30 61.88%
National American University Holdings Inc. (OTCMKTS: NAUH) $0.70 56.00%
Hi-Crush Inc. (NYSE: HCR) $2.82 54.95%
Cemtrex Inc. (NASDAQ: CETX) $2.69 48.78%
Aeterna Zentaris Inc. (NASDAQ: AEZS) $3.03 45.89%
Sharing Economy International Inc. (OTCMKTS: SEII) $0.45 45.13%
Moxian Inc. (NASDAQ: MOXC) $1.99 43.86%
Endra Life Sciences Inc. (NASDAQ: NDRA) $1.65 43.48%

Last week's penny stocks gainers show how much investors can profit from even the smallest market movements.

That's why we're so excited about our best penny stock to buy this week.

It's a natural gas company on the verge of raking in tremendous gains thanks to a boom in international demand for alternatives to petroleum.

Today, this stock currently has a Money Morning Stock VQScore™ of 4.75, the highest score possible. This means there's no better time to buy.

Here's why it could more than double your money...

The Top Penny Stock to Buy This Week

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W&T Offshore Inc. (NYSE: WTI) is an independent natural gas liquids extraction firm based in Houston, Texas.

Founded in 1983, the company's operations are centrally based around the Gulf of Mexico, where the company controls 48 fields in federal and state waters covering up to 650,000 square acres.

And the stock is due for a breakout thanks to growing international demand for natural gas.

According to a recent report from the International Energy Agency (IEA), demand for natural gas is now expected to surge over 45% in the next 20 years. In fact, it's expected to become the largest source of energy for the world over the same period.

And WTI is perfectly positioned to cash in on this boom in global demand.

Over the last four years, the company has managed to increase its gross profits by 37%. That gives the company a hefty war chest to match this growing demand.

And it's already putting this money to work. Earlier this month, the firm made a significant discovery in one of its wells in the Gulf - one it says has the potential to produce $7 million in initial income from extraction.

This could be the catalyst to send WTI stock through the roof. In fact, that's why analysts believe the company stock will hit $10.40 in the near future - a gain of 144% over today's price.

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