Many investors shy away from penny stocks because their prices often seem too good to be true. However, the right penny stock can offer immense profit potential. You see, penny stocks give an investor the opportunity to reap a massive profit with very little initial investment.
Penny stocks are attractive to new investors because of their affordable share prices below $5.
At these prices, just a modest increase in trading volume can send a stock soaring or plummeting.
But would you have invested $1,000 of your hard-earned savings into a stock trading for under a penny for two years?
Yet this is the reality of penny stock investing. It's a sea of worthless stones with a few diamonds hidden among them.
We've compiled a list of the 10 top penny stocks of March so far.
The largest penny stock gains have been upwards of 107%.