SSC

Seven Stars Cloud Group Inc

stocks

The Best Penny Stock to Buy Right Now

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.

Seven Stars' tremendous gains show the kind of returns a strong penny stock can generate for shareholders.

stocks

The Top Penny Stocks of the Week Include This Blockchain Firm's 175% Surge

Last week's 10 top penny stocks were led by a little-known blockchain firm that just closed a $24 billion contract to revolutionize China's public transportation system.

On Friday (Aug. 24), Seven Stars Cloud Group announced a $24 billion deal to finance China's nationwide push to replace all gas-powered public buses with electric ones by 2021.

According to a press release, Seven Stars will offer two financing campaigns for the initiative through its regulatory-compliant blockchain network. The first campaign intends to raise $8.75 billion over the next three years. The second campaign hopes to generate an additional $15 billion by 2025.

penny stocks

10 Top Penny Stocks to Watch This Week Include This 97% Gainer

Proteostasis Therapeutics Inc. is among the top penny stocks to watch this week after climbing over 153% in a single trading session last week.

While PTI's 97% gain is impressive, we're recommending a different stock to our readers today.

The company we'll show you today has beaten analyst earnings expectations by an average of 40.5% in the last four quarters, and its bottom line will only keep growing from here.

But before we show you our pick, here are the top 10 penny stocks to watch this week...