The 10 Top Penny Stocks to Watch This Week (June 24)

The best penny stocks to watch could cash in on the G-20 meeting at the end of the week. We'll show the top-performing penny stocks of the week, and then we'll give you our top penny stock to buy ahead of the summit.

This Friday (June 28) the world's most powerful economies will gather in Osaka, Japan, for the annual G-20 summit.

Markets are typically calm as the G-20 meeting approaches and traders take a wait-and-see approach to the meeting. This time, U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet and talk trade. The outcome of that meeting could send stocks surging higher.

That's great news for shareholders in the best penny stocks.

You see, penny stocks can create huge returns on small price movements, and this is a catalyst that could send the whole market moving higher.

Just look at last week's top penny stock, Insy Therapeutics Inc. (OTCMKTS: INSYQ), which locked in a 105% gain in just three days.

It took a price gain of just $0.13 a share for investors to double their money.

Penny Stock Current Share Price Last Week's Gain
Insy Therapeutics Inc. (OTCMKTS: INSYQ) $0.29 105.07%
China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS) $2.27 77.34%
Moneygram International Inc. (NASDAQ: MGI) $2.51 68.46%
Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) $1.28 58.02%
Approach Resources Inc. (NASDAQ: AREX) $0.34 55.17%
Hebron Technology Co. Ltd. (NASDAQ: HEBT) $1.60 52.38%
Arbutus Biopharma Corp. (NASDAQ: ABUS) $2.02 50.68%
DiaMedica Therapeutics Inc. (NASDAQ: DMAC) $4.64 50.65%
DGSE Co. Inc. (NYSE: DGSE) $1.33 49.91%
Lifeway Foods Inc. (NASDAQ: LWAY) $3.79 49.80%

After showing you the nine other stocks that crushed returns last week, we'll show you one penny stock to buy ahead of Friday's G-20 summit.

In fact, it could gain as much as 129%...

As last week's penny stocks show, you just need to have the right penny stock in your portfolio when it jumps.

5G Is Coming: The tech breakthrough of the century could rest on this $6 stock - get all the details here.

That's why we've used the Money Morning Stock VQScore™ system to find a small-cap stock with the best potential to soar higher.

It has a 4.75 on the VQ scale, the highest score possible. This means there's no better time to add it to your portfolio.

And it could jump as much as 129%...

The Top Penny Stock to Buy This Week

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Golden Ocean Group Ltd. (NASDAQ: GOGL) is an international shipping firm based in Norway. And while it trades just above $5 a share, the cutoff point for a penny stock, we still like it for its low share price and extreme upside potential.

Owning upwards of 70 vessels in its current fleet, the company has positioned itself to cash in on the international boom in global shipping - and make shareholders a killing in the process.

In 2018, the global shipping industry grew at a rate of 3.7%, its strongest performance in seven years - and a clear sign the industry is growing fast enough to reward savvy investors.

In fact, McKinsey & Co., one of the leading authorities in the shipping industry, recently projected that the average growth for the shipping industry could continue at an average pace of 3.2% for at least the next decade.

And Golden Ocean Group is perfectly set up to tap into this growth. Even better, if President Trump and Xi Jinping agree to a trade deal, the global shipping industry will get an even bigger boost. That could come at the perfect time for Golden Ocean.

After three straight years of losses, Golden Ocean surged back to profitability last year, pulling in a profit of $84 million. That's a sign the company is taking advantage of the growth in the shipping sector and will be riding it even higher.

Plus, it's constructing an additional 20 ships for its fleet - an investment that's going to mint returns as the shipping industry continues to grow at a strong clip.

Gold Ocean Group stock currently trades for $5.22. However, analysts see shares heading to at least $12 - a gain of 129%.

5G Is Coming: The Breakthrough of the Century Could Rest on This $6 Stock

CNBC reports that this opportunity is worth $12.3 trillion... and it's gearing up to make an appearance all over America.

In fact, some of these devices are showing up right in your neighborhood - and we're willing to bet you didn't even notice.

Our Silicon Valley insider mapped out all the details in this report.

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