It's earnings season, and if earnings are good, stocks can gain rapidly. And one of the best penny stocks to buy today could rise by nearly 400%.
You see, penny stocks, those that sell for $5 and under, can outpace the gains of other stocks because they can move upward significantly on just pennies to the upside.
And earnings season is a great opportunity to invest. In fact, about 80% of the total annual move in a stock, on average, happens when earnings are being reported.
One of last month's penny stock winners, Revolution Lighting Technologies Inc. (NASDAQ: RVLT), exemplifies this type of rapid price move. On July 10, Revolution soared on news that the Nasdaq exchange had given it a listing extension.
RVLT rose 64% on the week – but the 64% equaled only $0.17 per share.
That made it one of the top penny stocks now, but those gains are likely in the past. Instead, we'll show you a penny stock with true upside potential.
Our best penny stock to buy today has a perfect 4.75 Money Morning Stock VQScore™. That means it's poised for a breakout.
The top penny stock today is in the field of this energy exploration, which is in the middle of a huge industrywide boom.
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In fact, the consumption of natural gas rose 4.8% last year, the fastest growth in eight years. The Energy Information Administration forecasts consumption could climb up to 7% in the next several years.
That kind of growth is a large catalyst for the stock.
And that's giving it 372% upside…