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We are told consistently by mainstream media and the fee-driven asset management community that all penny stocks are bad.
That's simply not true.
Some are hapless speculations, to be sure. Some are overhyped promotions. Some are dying companies on their way to the stock market boneyard.
But there are always some low-priced stocks that have the potential for extraordinary gains. In fact, one of our best penny stocks to buy today has 197% after its latest breakthrough.
It could change the medical world as we know it.
Picking up the gems like this from the fluff may look like a daunting task. There are hundreds of stocks trading for less than $5 a share at any given moment.
However, there are a few tricks to finding the best penny stocks out there. One is to find companies advancing products through successful trial phases - like the one mentioned above.
Another way to identify low-priced stocks is to pay attention to the sage advice of every TV private eye ever and follow the money.
That is, when a large shareholder of a low-priced stock makes an additional purchase of stock in a company, it is reasonable to assume they believe great things are going to happen to the price of the stock. They already have millions of dollars invested in the company and are increasing their exposure.
It is a vote of confidence in the future of the stock price.
Today, we have not one, not two, but three penny stocks that could double or more in the next year. Let's get into these...
An Oil Penny Stock to Buy
Renewables are gaining ground. But fossil fuels are not finished yet.
Ring Energy Inc. (NYSE: REI) is a Texas-based oil and gas exploration and production company that is focused on the Permian Basin in Texas and New Mexico.
Ring has done a fantastic job of increasing its reserves and production since 2012. Reserves of oil and gas have grown by 54%, and production has increased by more than 80%.
The economic slowdown that depressed oil and gas prices hit Ring as it did so many other energy companies. With vaccines finally starting to find their way into the arms of Americans, we should see demand begin to increase again. The pace of vaccinations should increase pretty rapidly over the next few months, which could drive demand and prices for oil and gas higher.
There are two large investors to take notice of here.
Dr. Simon Kukes, an experienced oil and gas company executive, runs SK Energy LLC. Right now, he owns over 6 million shares.
The other is a businessman by the name of William Kruse from Grapevine, Texas. Mr. Kruse runs a family office in addition to his other interests. He owns more than 9.4 million shares of the oil and gas company.
While Kruse has not declared his intention to take an activist stance with Ring, he has gone activist with other small-cap companies in years past.
He now owns more than 11% of Ring Energy after buying another 515,000 shares earlier this month.
Right now, analysts have set about a 30% target for this stock. But insider buying could pop this one past 100% very quickly.
Of course, that's not quite the 197% of our top penny stock. We'll show you that one after this...
Top Penny Stock in Renewable Energy
Pacific Green Technologies Inc. (OTCMKTS: PGTK) is all in for green energy and climate change.
The company has four divisions, all of which are involved in some aspect of the renewable and cleaner energy business. Their focus is on solar power, waste to energy, desalination, emission control, and power storage, according to their most recent corporate presentation.
Fresh Air Investments is a Canadian company that owns more than 10% of Pacific Green. It has been consistent buyers of the stock since the beginning of December.
Its latest purchase was last week. It had about 6 million shares when it started buying and is now up to over 7.3 million shares of Pacific Green.
It obviously sees the potential for the piece of this company's shares to go dramatically higher as clean air becomes a bigger focus under the Biden Administration.
Pacific Green's battery division recently signed a contract with Shanghai Electric Gotion New Energy Technology Co. Ltd. The joint venture will work on developing various lithium-ion Battery Energy Storage System (BESS) projects around the world.
Any company that announces significant progress in battery storage will see its stock price soar higher very quickly.
Finally, here's our best penny stock today for nearly triple the profit...
Best Penny Stock to Buy Now
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Aileron Therapeutics Inc. (NASDSAQ: ALRN) is a great example of a low-priced stock where institutions have been increasing their stake.
Aileron is a clinical-stage biotechnology company that is working to develop chemoprotective medicine to selectively protect healthy cells in patients to reduce or eliminate chemotherapy-induced side effects.
Aileron has several different clinical trials underway to test their ALRN-6924 drug on patients using different types of chemotherapy.
Aileron hopes to develop a drug that can shield healthy cells and eliminate some if not all of the vomiting, hair loss, bleeding, and fatigue that can be caused by chemotherapy. If it is successful, the drug will be a blockbuster that drives the stock price dramatically higher than the current quote.
Last week, it did a private placement offering to raise the money to fund the trial. Both of its two largest investors bought more stock in spite of already having millions invested. Several new venture capital funds and hedge funds were also buyers of the offering.
Right now, the stock trades for $1.68, but analysts give it a $5 target over the next 12 months. That would make a 197% return for today's investor.
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