Start the conversation
August was a robust month for penny stocks.
Just look at Seven Stars Cloud Group Inc.
On Friday (August 24), Seven Stars announced a $24 billion deal to finance China's nationwide push to replace all gas-powered public buses with electric vehicles by 2021.
The announcement pushed shares of Seven Star to $5.65, locking in a gain of 175% over Monday's (August 20) opening price of $3.00 a share.