What Is The Best Penny Stock To Buy Right Now – In this market brief, we review five of the best penny stocks to buy for your portfolio
Penny Stocks allow you to buy small stocks at a price of 5 or less. While penny stocks are riskier than traditional stocks, they allow you to aim for high growth.
What Is The Best Penny Stock To Buy Right Now
In this market brief, we review five of the best penny stocks to buy for your portfolio today.
What Are Penny Stocks? Definition, Risks, How To Invest
Based on our market research we have concluded that the best pennies you can buy right now are the ones listed below.
Our analysis of the penny stocks described above can be found in the next market insight section.
When looking for the best penny stocks to buy right now, it’s important to focus on the risk of your investment alongside the potential upside.
Although Lucky Block is sold as a digital asset, unlike traditional equity, the project offers the same features as a stock-rated penny stock. In short, Lucky Block is building a global lottery framework that runs on the blockchain protocol.
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In addition, lottery games are accessible worldwide and their fairness is guaranteed by the smart contract technology. This will lead to a more transparent lottery ecosystem and better opportunities for players. In addition, the Lucky Block Telegram group has accumulated more than 33,000 members.
The Lucky Block token was listed on PancakeSwap, one of the top crypto exchanges, in late January 2022 and has since generated an unprecedented return of over 4,000%. Overall, Lucky Block is a cheap, high-performing crypto asset at just $0.0068 per token.
2. Kosmos Energy – The best stock to buy right now. Production of US oil reserves.
Kosmos Energy is a US-based NYSE-listed oil company with a market capitalization of just over $2 billion. As of this writing, this stock is trading at just $4.63 per share.
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Though Kosmos Energy had a rocky start to life as a public company, this top penny stock has performed extremely well of late. In fact, Kosmos Energy shares are up more than 58% in the last 12 months alone.
Thus, this penny stock has seen a 21% loss over the past five years. However, with a small market cap, there are many potential targets.
If you are looking for the best penny stocks to buy right now in terms of low market cap and low market cap, then Inpixon might be the right investment for you.
The US-based company focuses on software solutions in the two main areas of data analysis and internal configuration. As of this writing, you can invest in this top penny stock for $0.35 per share.
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NASDAQ-listed Inpixon shares took a big hit with losses of more than 80% over the past 12 months.
However, with a small market cap of $43 million at the time of writing, the upside potential of these penny stocks is very attractive to those who are risk-averse.
Next on our list of the best penny stocks to buy right now is Nano Dimension. Although the company is based in Israel, shares of Nano Dimension can be bought on the NASDAQ stock exchange.
The Company specializes in the manufacture of semiconductors and electronic components, which are niche businesses with high demand. In terms of stock price movement, this penny stock has lost more than 74% and 94% in value over the past and five years, respectively.
Best Penny Stock To Buy Now
On the other hand, you can buy Nano Dimension shares at a heavily discounted entry price. After all, the company trades with a market cap of less than $1 billion at the time of writing. Therefore, Nano Dimension is one of the most promising things to keep an eye on this year.
Another penny stock to consider in your portfolio is Gevo. The US company, which was only founded in 2005, focuses on alternative energy sources.
Therefore, the company’s main goal is to reduce greenhouse gas emissions by using clean and renewable energy sources. In terms of stock price action, Gevo is trading at just $3.38 per share at the time of writing.
Over the past 12 months, shares have fallen 75%. However, the company is still early in its renewable energy journey, so entering the market now would generate an attractive entry price point.
Best Penny Stocks To Buy Now For 2022
Once you’ve assessed which cents to keep an eye on for your portfolio, you can proceed to buy from your chosen stockbroker.
As mentioned earlier, while not a penny stock, Lucky Block offers many of the same characteristics in terms of upside potential.
The last step is to go back to your main wallet interface and click on “Add custom token”. Then paste the Lucky Block contract address again. This way you can now monitor your Lucky Block investment in real time.
If you want to buy penny stocks in the traditional sense, eToro lets you buy stocks like Kosmos Energy, Inpixon, Nano Dimension, and Gevo with 0% commission and a minimum investment of just $10.
Best Penny Stocks To Invest
No matter what penny stocks you choose to buy, eToro allows you to invest commission-free. There you will find a wide range of penny stocks and find the best penny stocks to buy, top penny stock news and articles on micro cap stocks. 2021 looks set to be a big year for penny stocks.
As we near the end of the year, trading penny stocks and green chips can be difficult. Given the high level of volatility we are seeing in stock markets, there are many factors for investors to consider. First, the recent spike in Omicron’s Covid-related cases has caused significant market volatility.
We also have to deal with issues like inflation, new monetary policy and so on. Although nothing accounts for the movement we’re seeing, it appears to be a combination of everything at once. Knowing exactly how these factors affect your portfolio is therefore the best way to stay ahead of penny stocks. Furthermore, a consistent and well-defined trading plan can easily mean the difference between profits and losses.
If you’ve been trading penny stocks for a year or so, you’re probably familiar with the extreme market volatility we’re currently experiencing. So stay as fresh as possible and understand what’s driving movements both in the broader stock market and in your portfolio. With all of that in mind, let’s take a look at three penny stocks to keep an eye on in January 2021.
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Camber Energy Inc. is an oil and gas penny stock that has risen in prominence over the past few months due to its popularity in the market and forward-looking nature. In case you don’t know, Camber Energy develops and sells crude oil, natural gas and natural gas liquids. The Company’s estimated reserves as of March 31, 2020 were 133,442 barrels of oil. Over the past six months, CEI shares are up nearly 50%. While shares are nowhere near the September high of around $4, they have recovered in recent months.
Camber is majority owned by Viking Energy Group Inc. recently filed a membership interest purchase agreement on December 2nd. The agreement provides for the purchase of 100% interest in a group of companies that operates a processing facility in Reno, Nevada. A group of companies is building, engineering, developing and preparing the facility for commercial use.
According to Camber, production capacity is expected to be approximately 43 million gallons per year once operational. The plant will produce renewable diesel, a biofuel chemically equivalent to petroleum diesel. Over the past few days, we have seen several signs of bullish price action in CEI stocks. And as mentioned above, about six months ago, CEI’s stock price was about $0.75 per share. Now on the 16th, the stock price has reached $1.02. Given this uptrend and recent information, should CEI be on your list of pen stocks to watch?
Farmmi Inc. manufactures and markets edible mushroom products in many countries. Shiitake mushrooms, bamboo mushrooms and mu er mushrooms are among the many products. These products are sold to restaurants and retailers worldwide. In the last year or so, FAMI has not had it easy with Covid hampering operations. However, in the last few weeks, we have noticed a huge popularity of FAMI stocks.
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As mentioned above, Farmmi has been working to sign new export contracts. The company continued that trend on Dec. 13 when it announced another. Subsidiary Zhejiang Farmmi Biotechnology Co. Ltd. received another order for its dried shiitake mushrooms. The customer who bought these mushrooms is located in Dubai, where the products are delivered.
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