The top penny stocks to buy last week featured a 250% gainer. That's just one example of how lucrative penny stocks can be, which is why we're bringing you another potential 200% winner this week.
That stock was National American University Holdings Inc. (OTCMKTS: NAUH), and it surged on high volume Tuesday (Oct. 2). The gains showed the kind of returns a strong penny stock can generate for shareholders in just a matter of days.
After looking at last week's top-performing stocks, we'll show you one that's on track to deliver more phenomenal returns.
In fact, it could jump 161% higher...
Here are last week's best penny stocks, to recap. As you can see, anyone who bought NAUH stock last week more than tripled their investment:
|Penny Stock||Current Share Price||Last Week's Gain|
|National American University Holdings Inc. (OTCMKTS: NAUH)||$0.03||250.00%|
|Emerge Energy Services LP (NYSE: EMES)||$0.30||71.72%|
|Obalon Therapeutics Inc. (NASDAQ: OBLN)||$0.68||60.89%|
|Bioept Inc. (NASDAQ: BIOC)||$1.24||51.22%|
|Netshoes Ltd. (NYSE: NETS)||$2.83||46.63%|
|Orion Energy Systems Inc. (NASDAQ: OESX)||$2.17||43.95%|
|Elibit Imaging Ltd. (OTCMKTS: EMITF)||$0.95||41.79%|
|Sesen Bio Inc. (NASDAQ: SESN)||$2.02||40.28%|
|Ascent Capital Group Inc. (NASDAQ: ASCMA)||$1.23||36.67%|
|Foresight Energy LP (NYSE: FELP)||$0.94||36.44%|
If you're looking for a penny stock set to lock in triple-digit gains, it's important to find penny stocks with strong underlying profit potential.
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That's why we use the Money Morning Stock VQScore™. It sorts through thousands of penny stocks to find the ones that can deliver real returns.
With a perfect VQScore of 4.75, it's on track to deliver a 200% gain.
And it's only trading for $1.51...
Our Top Penny Stock to Buy This Week
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Denbury Resources Inc. (NYSE: DNR) is a hydrocarbon exploration company based in Plano, Texas.
Denbury's real edge in a booming oil industry is the method it uses to extract oil. The company uses a cutting-edge process known as enhanced oil recovery.
This process uses carbon dioxide to reactivate old wells and extract oil that could not previously be recovered.
Being able to take advantage of pre-drilled wells allows Denbury to eliminate the heavy costs that come with setting up a new drilling site. And those savings can be passed on to shareholders.
Denbury currently operates in the Gulf Coast and Rocky Mountain areas. In fact, the company's largest property, spanning across Montana and North Dakota, was responsible for 25% of the region's daily production in 2018.
These levels of production are certainly showing up in the company's bottom line.
Over the last four years, the company has boosted its gross profits by 38%. Meanwhile, Denbury has been able to beat earnings for four consecutive quarters due to strong demand and growth.
Today, Denbury trades for $1.51 share. However, analysts believe the company could jump to $4.60 a share as global oil demand continues to rise. That's a staggering gain of 204%.
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