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Penny Stocks

This page lists stocks that have the largest trading volume with a share price of under $1.00. Learn more.

CompanyPE RatioMarket CapCurrent PricePrice ChangeVolumeAverage VolumeIndicator(s)
Heat Biologics logo
HTBX
Heat Biologics
N/A$70.78 million$0.99+3.7%26.79 million7.33 millionHigh Trading Volume
XpresSpa Group logo
XSPA
XpresSpa Group
N/A$76.12 million$0.85-9.3%23.30 million31.27 million
HEXO
HEXO
N/A$218.90 million$0.64-7.4%15.26 million8.03 million
Biocept logo
BIOC
Biocept
N/A$66.21 million$0.49-2.4%15.24 million13.72 million
Tuesday Morning logo
TUES
Tuesday Morning
N/A$13.92 million$0.25+3.8%27.06 million5.15 millionUpcoming Earnings
Histogenics logo
HSGX
Histogenics
N/A$31.17 million$0.33+5.6%18.90 million10.71 million
NWBO
Northwest Biotherapeutics
N/A$255.00 million$0.37+11.4%14.24 million1.85 millionUpcoming Earnings
High Trading Volume
Seanergy Maritime logo
SHIP
Seanergy Maritime
N/A$33.73 million$0.13-2.4%37.62 million65.89 million
Oasis Petroleum logo
OAS
Oasis Petroleum
1.92$163.96 million$0.50-5.8%8.02 million27.13 million
BNGO
BioNano Genomics
N/A$17.73 million$0.47-7.1%7.71 million6.89 million
Neuralstem logo
CUR
Neuralstem
N/A$1.95 million$0.93+0.9%3.55 million1.98 million
Nabriva Therapeutics logo
NBRV
Nabriva Therapeutics
N/A$775.91 million$0.80-5.9%3.95 million2.72 millionAnalyst Upgrade
Whiting Petroleum logo
WLL
Whiting Petroleum
N/A$81.16 million$0.86-3.1%3.19 million10.91 million
MMNFF
Medmen Enterprises
N/AN/A$0.37+15.6%7.39 million2.57 millionHigh Trading Volume
Heavy News Reporting
Medical Marijuana logo
MJNA
Medical Marijuana
N/AN/A$0.03+42.9%83.48 million10.13 millionHigh Trading Volume
Heavy News Reporting
SINT
Sintx Technologies
N/A$8.02 million$0.83+25.5%2.80 million1.61 million
TGODF
Green Organic Dutchman
N/A$136.07 million$0.40+14.1%5.46 million1.68 millionHigh Trading Volume
TOPS
TOP SHIPS
N/A$31.25 million$0.13-3.6%15.24 million44.64 million
IPIX
Innovation Pharmaceuticals
N/AN/A$0.18+5.6%10.11 million2.60 millionHigh Trading Volume
Heavy News Reporting
ARGGY
Aston Martin Lagonda Global
N/AN/A$0.60+28.0%2.94 million133,279High Trading Volume
ZOM
Zomedica Pharmaceuticals Corp (NYSEAMERICAN)
N/A$23.21 million$0.15-27.7%10.73 million16.87 millionHigh Trading Volume
Heavy News Reporting
MRMD
Marimed
N/AN/A$0.21-12.5%7.78 million1.09 millionHigh Trading Volume
AXIM
Axim Biotechnologies
N/AN/A$0.67+45.0%2.38 million283,439High Trading Volume
Onconova Therapeutics logo
ONTX
Onconova Therapeutics
N/A$70.11 million$0.38-0.4%3.94 million8.94 million
COCP
Cocrystal Pharma
N/A$50.33 million$0.97-4.3%1.19 million4.37 million
HEMP
Hemp
N/AN/A$0.01+49.0%146.99 million28.07 millionHigh Trading Volume
NOG
Northern Oil and Gas
N/A$339.16 million$0.84-2.8%1.23 million5.82 millionHeavy News Reporting
SPEX
Spherix
1.07$3.45 million$0.73+2.1%1.34 million11.16 million
Intec Pharma logo
NTEC
Intec Pharma
N/A$13.90 million$0.26-5.5%3.74 million11.06 million
TTNP
Titan Pharmaceuticals
N/A$26.88 million$0.28-3.7%3.29 million14.58 million
Citius Pharmaceuticals logo
CTXR
Citius Pharmaceuticals
N/A$34.70 million$0.89+2.3%979,3421.95 millionAnalyst Downgrade
NWARF
Norwegian Air Shuttle ASA
N/AN/A$0.45+50.5%1.60 million167,729High Trading Volume
CHF Solutions logo
CHFS
CHF Solutions
N/A$13.61 million$0.38-4.6%1.90 million3.01 million
NMC HEALTH PLC/ADR logo
NMHLY
NMC HEALTH PLC/ADR
N/A$89.81 million$0.45+4.9%1.56 million7.74 million
Lipocine logo
LPCN
Lipocine
N/A$47.33 million$0.94-3.1%651,6421.16 millionAnalyst Report
SPRWF
Supreme Cannabis
N/AN/A$0.27+19.8%2.19 million582,333High Trading Volume
LHSIF
Liberty Health Sciences
N/A$130.93 million$0.40+4.6%1.46 million1.00 million
BKRKF
Bank Rakyat Indonesia (Persero) Tbk PT
N/AN/A$0.17+6.3%3.20 million291,296High Trading Volume
NAKD
Naked Brand Group
N/A$4.55 million$0.65+1.6%806,2832.11 million
Callon Petroleum logo
CPE
Callon Petroleum
0.80$288.62 million$0.72-5.3%706,22744.42 million
Diamond Offshore Drilling logo
DO
Diamond Offshore Drilling
N/A$129.44 million$0.94flat542,480N/AHigh Trading Volume
GNBT
Generex Biotechnology
N/A$38.22 million$0.68-10.2%737,195329,917High Trading Volume
ITHUF
iAnthus Capital
N/AN/A$0.34+39.8%1.42 million663,620High Trading Volume
REEMF
Rare Element Resource
N/A$95.65 million$0.94+2.0%513,088200,936High Trading Volume
COGNY
Cogna Educacao
N/AN/A$0.85+9.6%562,063125,043High Trading Volume
Namaste Technologies logo
NXTTF
Namaste Technologies
N/AN/A$0.32+14.6%1.48 million686,031High Trading Volume
PACD
Pacific Drilling
N/A$32.99 million$0.43-2.0%1.08 million2.30 million
Eca Marcellus Trust I logo
ECT
Eca Marcellus Trust I
6.08$8.80 million$0.49-2.8%894,59355,880High Trading Volume
MMEDF
Medicine Mind
N/AN/A$0.40+3.2%1.04 million714,238Heavy News Reporting
INQD
Indoor Harvest
N/A$120,000.00$0.00+41.7%241.00 million90.16 millionHigh Trading Volume
SCYNEXIS logo
SCYX
SCYNEXIS
N/A$77.41 million$0.77-1.9%519,320987,101
MCOA
Marijuana Company Of America
N/AN/A$0.01+24.2%47.78 million4.97 millionHigh Trading Volume
ALSSF
Alsea SAB de CV
N/AN/A$0.84+8.0%420,06039,489High Trading Volume
Terra Tech logo
TRTC
Terra Tech
N/A$24.76 million$0.13-5.3%2.75 million1.06 millionUpcoming Earnings
High Trading Volume
Bombardier logo
BDRBF
Bombardier
N/AN/A$0.37+5.7%929,133774,274
PTE
Polarityte
N/A$35.01 million$0.99+5.0%341,610471,715
ROGFF
Roxgold
N/AN/A$0.95-6.1%350,18558,766High Trading Volume
BUDZ
Weed
N/AN/A$0.46-4.2%661,420124,816High Trading Volume
SMTA
Spirit MTA REIT
N/A$33.15 million$0.77flat394,837378,624
Auxly Cannabis Group logo
CBWTF
Auxly Cannabis Group
N/A$199.90 million$0.31+4.1%930,426869,173
QEP Resources logo
QEP
QEP Resources
0.58$188.56 million$0.94-3.3%307,54211.07 million
FRSX
FORESIGHT AUTON/S
N/A$22.16 million$0.95+0.1%302,8843.16 millionEarnings Announcement
CANN
General Cannabis
N/A$22.94 million$0.53flat538,423232,124Upcoming Earnings
High Trading Volume
CARBO Ceramics logo
CRR
CARBO Ceramics
N/A$8.72 million$0.30flat945,733554,812
BPSR
Organicell Regenerative Medicine
N/AN/A$0.11-22.8%2.52 million227,701High Trading Volume
Heavy News Reporting
Foresight Energy logo
FELP
Foresight Energy
N/AN/A$0.05flat4.89 millionN/AHigh Trading Volume
SBES
South Beach Spirits
N/AN/A$0.01+5.2%32.47 million20.83 million
IZEA Worldwide logo
IZEA
IZEA Worldwide
N/A$19.26 million$0.59-10.0%431,90417.56 million
Unum Therapeutics logo
UMRX
Unum Therapeutics
N/A$15.84 million$0.51-3.1%482,662733,741
AUNFF
Aurcana
N/A$79.75 million$0.44+3.5%556,964339,131
TLLTF
OTCMKTS:TLLTF
N/AN/A$0.38+12.4%626,749417,723
FLOOF
Flower One
N/AN/A$0.61+24.9%368,410171,086High Trading Volume
LWLG
Lightwave Logic
N/A$72.13 million$0.83+3.8%267,472237,725
FBASF
PT Bank Rakyat Indonesia (Persero) Tbk
N/AN/A$0.78+11.1%276,607199,599
EMHTF
Emerald Health Therapeutics
N/AN/A$0.17+6.7%1.22 million389,109High Trading Volume
GOVX
Geovax Labs
N/A$5.73 million$0.40-3.6%518,644642,717
OIBR.C
OI S A/S
N/AN/A$0.57+1.8%1.47 million123,171High Trading Volume
GNC logo
GNC
GNC
N/A$46.76 million$0.79+11.8%260,0714.38 million
ZN
Zion Oil & Gas
N/A$46.05 million$0.27-2.8%727,3793.06 million
CIELO S A/S logo
CIOXY
CIELO S A/S
6.53$1.59 billion$0.65+11.5%296,190195,808
HDII
Hypertension Diagnostics
N/A$3.88 million$0.05+12.5%3.54 million4.48 million
HLIX
Helix TCS
N/AN/A$0.27+16.3%711,927211,145High Trading Volume
DCAR
Dropcar
N/A$7.44 million$0.99-19.9%193,1963.23 millionHeavy News Reporting
FFMGF
First Mining Gold
N/AN/A$0.20+2.6%935,004688,901
ELLXF
Elixinol Global
N/AN/A$0.19+14.2%982,196156,846High Trading Volume
SGMD
Sugarmade
N/A$1.78 million$0.00-12.5%85.14 million36.09 millionUpcoming Earnings
High Trading Volume
FFLWF
Fire & Flower
N/AN/A$0.55+5.0%312,468130,997High Trading Volume
PMCB
Pharmacyte Biotech
N/A$32.76 million$0.02+1.5%8.32 million4.71 millionHeavy News Reporting
LGORF
Largo Resources
N/AN/A$0.65-0.9%251,364269,304
Akorn logo
AKRX
Akorn
N/A$22.90 million$0.20-6.4%828,87720.74 million
Cannabis Sativa logo
CBDS
Cannabis Sativa
N/AN/A$0.71+4.4%223,205131,092
MDRPF
Midas Gold
N/AN/A$0.43-4.8%364,573349,780
VREOF
Vireo Health International
N/AN/A$0.65+14.8%240,592113,333High Trading Volume
Aerpio Pharmaceuticals logo
ARPO
Aerpio Pharmaceuticals
N/A$31.66 million$0.78-1.4%198,766583,306
Helius Medical Technologies logo
HSDT
Helius Medical Technologies
N/A$21.30 million$0.53-5.3%287,487716,399
AXXTF
Axiata Group Berhad
N/AN/A$0.80flat189,034200High Trading Volume
Tonix Pharmaceuticals logo
TNXP
Tonix Pharmaceuticals
N/A$36.09 million$0.65-5.0%229,4835.35 million
KHRNF
Khiron Life Sciences
N/AN/A$0.58+0.2%256,845219,539
MDRIQ
McDermott International
N/A$8.88 million$0.05+2.4%3.10 million812,951High Trading Volume
GHSI
Guardion Health Sciences
N/A$46.66 million$0.50-5.5%288,8468.05 million
Last Updated: Wednesday, 12:01 PM ET. Prices are 15-minutes delayed.
Penny Stocks, What You Need To Know

In investing, as in life, you get what you pay for. Still, some investors are drawn to the idea of penny stocks. As their name implies, these stocks promise a large reward for a small risk. This article will help you understand what penny stocks are, where you can find them, why investors may get involved with them, and if they should be part of your portfolio.

What is a penny stock?

There is no consensus as to what price level defines a penny stock. What is clear is that a more apt name for these stocks would be “pennies on the dollar” stock. Some analysts will say for a stock to be a penny stock it has to sell for $1 or less. However, the Securities and Exchange Commission (SEC) defines a penny stock as one that trades for less than five dollars a share.

What makes penny stocks so attractive is easy to see. They promise investors a high return for a minimal investment. An investor that pays 25 cents a share would only need to see the stock rise to 50 cents a share to double their money. Some investors are equally seduced by the idea that the low cost of entry will allow them to buy a large number of shares, further increasing their potential reward. On the face of it, that sounds logical, but as we’ll explain there are other factors to consider.

Where can I find a listing of penny stocks?

To be fair, there are penny stocks listed on the major exchanges (i.e. Nasdaq, NYSE). To be listed on one of the major exchanges, however, means that the companies have to file with the Securities and Exchange Commission (SEC) and meet all their minimum filing requirements. While this can give you confidence that the company is legitimate, the fact that they are regulated removes some of the speculative nature of these stocks.

And it’s their speculative nature that makes these stocks appealing to many investors. However, “let the buyer beware” is very applicable when you look beyond the major exchanges to find a penny stock to invest in.

To begin with, these stocks are primarily listed in two places: the Pink Sheets and the Over-the-Counter Bulletin Board (OTCBB).  The pink sheets are a compilation of daily publications by the National Quotation Bureau. The companies listed on the pink sheets do not have to file with the SEC and do not need to meet minimum filing requirements, such as submitting a recent financial report. The penny stocks that are found on the OTCBB are still not listed on any of the major exchanges, but they do have to meet some minimum requirements. All this means that you, as an investor, will have a lack of information. And when it comes to deciding where to invest your money, information is power.

So why the cloak-and-dagger listings? Simply put, many penny stock companies are not financially healthy. Think about the fundamentals that many institutional investors look for when investing in a company. What is the company’s debt-to-income ratio (i.e. do they have liquidity)? Do they have a good market capitalization? This gives an investor a key to understanding how large the company is. And finally, what is the bid-ask ratio (i.e. the difference between the highest price that a buyer will pay and the lowest price a seller will sell). When this range is low (or tight), it means that, barring a major event or announcement, the price will not generally swing that much.

Many penny stock companies are considered a high risk in all of these areas. First, they are usually highly leveraged and in some cases may even be in bankruptcy. Second, they generally have a small market cap, which means the value of their outstanding shares is low. These companies can offer a higher margin of growth but also increase investor risk. Finally, the spread between their bid price and their ask price is usually large. This is significant because when securities trade within a fairly tight range, it reduces an investor’s exposure to risk because they have time to enter or exit a position.

Why do investors get involved with penny stocks?

Once again, it’s important to remember that when it comes to stocks, even penny stocks, there are no absolutes. It’s fair to say that all penny stock companies have some level of risk; otherwise, their share price would be higher. However, in some cases, an established company may just be going through a difficult time, but new leadership is in place and their long-term outlook is good. Or there could be a startup that truly just needs some capital to get off the ground. To determine if the company fits into one of these categories is to understand the difference between speculating and investing.

Many people who dabble in penny stocks are speculators, even gamblers. They are attracted to the potential reward of these stocks. They are not as interested in fundamental analysis or technical analysis. They are buying on emotion and they are justifying the facts. Most successful investors, on the other hand, need to see evidence of a likely return before investing their money into a given stock. They are not ruled by their emotions.

What are the risks of investing in penny stocks?

As we’ve mentioned, penny stocks are volatile. And any time you put your money into a volatile investment, there is a high degree of risk. What can make penny stocks riskier is the potential for fraud. This can manifest itself in many forms.

An investor may learn about a company from a newsletter that promises meteoric gains. These newsletters can appear very credible. However, if you read the disclaimers, you’ll find that in many cases, the company was paying the newsletter editor for their endorsement. This should be a gigantic red flag for you because if a company was a legitimately good investment, it wouldn’t need to pay to get an endorsement.

So how do you make money in penny stocks?

Despite their inherently risky nature, you can make money in penny stocks. Remember, no investment is without risk, but when it comes to penny stocks, there are some steps you can take to help minimize your exposure.

First, limit the percentage of your investable assets. Most experts say your exposure to penny stocks should be no more than 5-10 percent of your portfolio. Many experts suggest, as a best practice, you limit your exposure to any individual penny stock to 1 or 2 percent of your portfolio.

In personal finance, this might be equivalent to your “blow money”. This is the money that you can afford to lose and speculate with.  An important point to remember is to keep the exposure within this range. Penny stocks should be viewed as short-term investments. So if you do make a profit off of a penny stock, you should look to sell and invest that money into your long-term investments, thus keeping your exposure to penny stocks at a comfortable level.

The right question to ask is if I lost all of the money into these stocks, would I still be okay?

So with the idea that these are short-term investments, a second consideration would be to ensure that you can easily trade these stocks. One way to do this is to look at the average daily trading volume. Since it’s possible for you to own a large number of shares, it’s important that you pick a stock that allows you to sell a large number of these shares if necessary. In some cases, if the volume of a stock is only 1,500 shares a day and you own over 15,000 shares, that means there aren’t enough buyers for you to get out of your position quickly. So the profit you see on paper will never materialize. 

And, since you’ll be looking to trade these stocks rather quickly, you should make sure that you find a broker that is not going to charge you special fees or put in volume restrictions. Essentially, you want to be able to trade these stocks just as you would a regular stock.

An old-school tip that can help you decide if a stock is worth your risk, particularly for beginners, is to consider paper trading. This is a very simple concept where you invest an imaginary amount of money and then track your trades on pen and paper without exposing actual money. What this can help you see is how quickly a stock is moving and how much volume is changing hands.  After a couple of months of paper trading, you’ll be in a much better position to decide if investing in penny stocks is really for you.

Finally, remember to do your homework. You can find quality companies to invest in, particularly at the end of a bear cycle. It may be tempting to invest in the latest “hot stock or industry”. The penny stock industry is littered with companies that advertise the potential to make money in oil, gas, gold and other precious metals. However, if information about a company is not readily available, or if a company seems reluctant to provide that information to you, then it’s a sign that you should look for another investment.

Another good mantra to remember with penny stocks is to focus on companies where you may have some interest and/or expertise. While this may not sound exciting, because after all, professional athletes want to be rock stars and vice versa, it is vitally important. If you are a programmer, you will be much more likely to separate a tech guru’s hype from real innovation.

There are many good stock screening services available to help you find potential penny stock companies. This should not be the extent of your research, but it could help you create a quick short list in an industry that you can then individually research. Considering there are, literally hundreds of penny stock companies, having a tool that can help you uncover potential candidates can help focus your efforts.

The last word on penny stocks

While no investment is without risks, penny stocks are particularly risky investments. It can be difficult to understand the real value of a penny stock company. At the depth of the financial crisis in 2009, there were several companies who had drifted down to the level of penny stocks. In some cases, you can find one of these companies and snap them up when they are going through a rough cycle. On the other end, you may be looking at startup companies that are looking for investment capital with the promise of a high return on your investment. In some cases, unfortunately, the promise is more hype than hope and you can quickly lose your entire investment.

To invest in penny stocks, you should remember that if it seems too good to be true, it usually is. However, does that mean you should stay away from penny stocks? Not necessarily. Fortunately, there are many penny stocks to choose from so no one single candidate should be too good to pass on.

If you limit your exposure to penny stocks, apply the same principles you would apply to your other investments, and have both the time and the ability to move quickly in and out of your trades, there can be the potential to make money.



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