Great penny stocks can deliver enormous return on minimal investment. That's why we're bringing you the 10 top penny stocks to buy this week.
In fact, our best penny stock is poised for 272% growth. We'll show you that one in a second.
First, here's a look at last week's penny stock winners.
|Penny Stock||Current Share Price||Last Week's Gain|
|Abeona Therapeutics Inc. (NASDAQ: ABEO)||$3.01||95.45%|
|FuelCell Energy Inc. (NASDAQ: FCEL)||$0.64||91.04%|
|Interlink Electronics Inc. (OTCMKTS: LINK)||$3.10||58.16%|
|Daseke Inc. (NASDAQ: DSKE)||$2.70||53.41%|
|ElectroCore Inc. (NASDAQ: ECOR)||$2.89||51.31%|
|Marinus Pharmaceuticals Inc. (NASDAQ: MRNS)||$1.74||51.30%|
|Southwestern Energy Corp. (NYSE: SWN)||$2.25||42.41%|
|Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)||$4.69||38.76%|
|Hebron Technology Co. Ltd. (NASDAQ: HEBT)||$4.40||38.36%|
|Independence Contract Drilling Inc. (NYSE: ICD)||$1.45||38.10%|
As you can see, our best gainer last week added 95.45%. But that doesn't mean you should expect that from all penny stocks.
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There is risk involved in penny stock investing. It's not some "magic bullet investment," which is why it's important to find penny stocks with strong financials and a growing business model.
While you could scan thousands of penny stocks on your own for winners, we're able to do this more efficiently using the Money Morning Stock VQScore™ system. This proprietary system finds stocks that meet our strictest requirements. That means they have the best chance to break out higher. We then use the VQScore tool to screen for stocks trading under $5 to come up with the best penny stocks to buy.
The VQScore system runs on a scale of 1 to 4.9. Anything above a 4 is in the "Buy Zone."
This week, our top penny stock to buy has VQScore of at 4.9. And there's a very good chance it could soar beyond 270%.
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The top penny stock to buy this week is a little-known firm in the oil exploration industry.
It's perfectly positioned to cash in on the global boom in oil demand.
And it's only trading for $4.03 a share…