Investing Your Money in the Right Penny Stocks
Do you have plans of investing your hard-earned money in penny stocks but do not know where to begin? In order for you to learn more about investing wisely in penny stocks, you should have a basic understanding of them.
If you want to grow your income, penny stocks are the way to go. Compared with your typical stocks, with penny stocks, your price per share is very low. Simply put, penny stocks are one way of letting you invest in something without using a lot of your money. Besides, penny stocks are also common shares. This implies that they are very easy to buy.
Even so, how will you determine if the penny stocks are a must-buy or not? This is the part where you can benefit from this article. Here you will find the most updated list of the best penny stocks in the current market. Make sure to read this one to learn more about them.
To start the list, you can check out One Stop Systems that is quickly getting bigger with a solid financial background. It come with hyper-volatile shares that are at undervalued prices. The business is all about creating and designing different computer components and systems.
Just recently, the trade value of One Stop Systems was $3.90 per share. Right this instant, they are now trading at less than half this rate.
Despite being a small company, their annual revenue is $37 million with a market cap of $27 million. Each day, they make 120,000 trade shares.
You can talk to a broker to learn more about how much you will be earning from the penny stocks of this company. A brokerage calculator tool is also present if you want to get estimates.
Next, you can invest in penny stocks from the biotech company, Cidara Therapeutics, that deals with infectious disease treatment. Currently, they are in the works of a Phase 3 clinical trial for the treatment of candidemia. Come the following months, momentum will be gained in the penny stocks of Cidara Therapeutics. To learn more about the study, click here.
And last, you have Axsome Therapeutics that offer promising penny stocks. It is one of the top performers in penny stocks in the recent year with an amazing 215% increase.
A while ago, the penny stock has reached more than 200%. This increase has happened when the company has disclosed that they are in the middle of a Phase 2 trial for the treatment of major depressive state. Even after the recent high, current news shows that Axsome has only gone down to about 14% from the just recent high. To learn more about calculating your stocks, check this.
If you are still new with the whole process, you can always go back to your broker and seek their help so you can improve your profit.
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