This Is One of the Top Penny Stocks to Watch in October

September has a long history of weak returns for the market. You see, for over the last half-century, records show that returns during September's final week are the worst each year.

But one of the top penny stocks to watch in October could gain anyway. Some of the best penny stocks to watch now saw double digit-returns in the last week of September alone.

We have one that is among the best penny stocks to watch right now. (We put together a quick tutorial to help you find penny stocks with the most profit potential. You can download it for free here.)

Before we show you one of the top penny stocks, let's look at why penny stocks can be rewarding to investors during market volatility.

According to the U.S. Securities and Exchange Commission, penny stocks are stocks that trade for $5 or less per share. That's a very affordable entry point for investors. And movement in just pennies of a share price can send the penny stock soaring.

A $0.25 gain on a $1 stock is a 25% increase. A $0.25 move on a $100 stock is a small 0.25% gain. That's a huge difference in returns.

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Penny stocks typically gain from an underlying firm's good news. Most of these firms are in the startup stages. News of a new product, an acquisition in the industry, or a drug approval could send them to the stratosphere.

But not all penny stocks have positive movement. Of course, this is true of any stock. Penny stocks are risky because the stocks are often volatile. A $0.25 decrease in a $1 stock could realistically happen as well.

Even with the risk, the best penny stocks to watch in October 2019 could see double-digit gains in a volatile market.

The big exchanges trade more than 2,000 penny stocks. So, it's not a slam dunk to know which ones are the best buys.

That's why we used the Money Morning VQScore™ system to find penny stocks with breakout potential.

The VQScore looks at hundreds of penny stocks to find ones with the biggest profit potential.

For October, it uncovered an under-the-radar penny stock that could soar over 77%…

Top Penny Stocks of the Week to Watch

Let's look at how the top penny stocks did in the last week of September. Then, we'll let you know one of the best penny stocks to watch in October 2019.

No. 10: Aclaris Therapeutics Inc. (NASDAQ: ACRS) is a penny stock that gained 37% to $1.42 per share.

No. 9: Cemtrex Inc. (NASDAQ: CETXP) grew 45% to $1.15 per share in September.

No. 8: EnSync Inc. (OTCMKTS: ESNC) jumped 50% to $0.006.

No. 7: Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX) increased over 52% to $3.56 per share.

No. 6: SPI Energy Co. Ltd. (NASDAQ: SPI) is a penny stock that rose more than 70% to $0.54 per share.

No. 5: Avadel Pharmaceuticals Plc. (NASDAQ: AVDL) climbed 56% to $3.37 per share.

No. 4: Guardion Health Sciences Inc. (NASDAQ: GHSI) gained more than 70% to $0.54 per share.

No. 3: Stage Stores Inc. (NYSE: SSI) shot up 73% to $1.44 per share.

No. 2: ReneSola Ltd. (NYSE: SOL) grew 77% to $1.88 per share.

No. 1: Helios and Matheson Analytics Inc. (OTCMKTS: HMNY) was our top penny stock to watch in September, and it gained an incredible 89% to $0.003 per share.

Now that we've shown you how our previous top picks performed in September, we'll show you one of the top penny stocks to watch in October 2019. Currently, it trades for $3.36 per share. But analysts forecast 77% growth.

Top Penny Stock to Watch in October 2019