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But the 10 top penny stocks to watch this week are poised to outperform the broader market by a huge margin.
This is not uncommon for penny stocks. In fact, we have another penny stock ready to pop 135%.
That's because stocks tend to see more dramatic highs and lows in response to big events. Their low share prices translate to bigger percentage movements.
For example, just look at how much our top penny stocks jumped last week:
|Penny Stock||Current Share Price||Last Week's Gain|
|IVERIC bio Inc. (NASDAQ: ISEE)||$3.80||308.60%|
|Oncolytics Biotech Inc. (NASDAQ: ONCY)||$1.15||97.26%|
|Arbutus Biopharma Corp.(NASDAQ: ABUS)||$1.41||60.23%|
|Organovo Holdings Inc.(NASDAQ: ONVO)||$0.39||50.53%|
|Zovio Inc. (NASDAQ: ZVO)||$2.08||49.64%|
|SG Blocks Inc. (NASDAQ: SGBX)||$0.56||40.00%|
|Foamix Pharmaceuticals Ltd. (NASDAQ: FOMX)||$3.86||37.86%|
|CohBar Inc. (NASDAQ: CWBR)||$2.30||37.24%|
|Clearside Biomedical Inc. (NASDAQ: CLSD)||$1.27||36.56%|
|StoneMor Partners L.P. (NYSE: STON)||$0.74||36.19%|
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Of course, there are thousands of penny stocks trading on major exchanges. It can seem impossible to single out the winners from the bunch.
That's why we have the Money Morning Stock VQScore™ system to do that for us.
The proprietary algorithm scans the financials behind thousands of stocks and gives us the ones with the greatest earnings potential. We then only have to select the stocks trading under $5 to get our top penny stocks for the week.
The VQScore gave us last week's top penny stocks. And it came through this week as well.
Our best penny stock to watch this week is an oil firm that's ready to jump 135% in price.