Penny stocks are the most volatile stocks having many associated risks. There could be many stories you might have heard for getting instant wealth for the stocks but the reality is that there are more frauds and pump-and-dump schemes hooked with these stocks in comparison to the positive aspects and the related news.
Tiny stocks can make massive riches and it is feasible for you to make the right choice and check out the company’s policies before finalizing the choice. Apple is the biggest example for a penny stock startup you’ll find all over the web. The company was founded in the year 1976 and has now become the giant in its own field.
Penny stock investments aren’t for everyone. If you can’t bear the risks, just stay away from them. The key to finding out the best stocks for 2019 is to do your homework and find out the list of the most promising stocks which could fetch profits for you. Your diligence is necessary to keep an eye on the diverse industries and find out the stocks which could be encouraging for getting advanced returns on investment.
Best Penny Stocks for 2020
- Torchlight Energy Resources (NSDQ: TRCH)
Torchlight Energy Resources works with its subsidiaries for acquiring, exploring and developing the oil and natural gas properties in the US. The company is based in Texas and it is on the way to reach its 52-week high stock value. The company has interests in multiple oil and gas projects with successful business ventures in the respective area.
- Denison Mines (NYSE: DNN)
Denison Mines Corporation works in the Uranium mining activities in Canada. It is one of the few companies producing Uranium and plays a part in nuclear power activities. The company’s stocks are priced at $0.53 and there are chances for its advancement in the coming phases with the need of developing Uranium properties.
- Globalstar (NYSE: GSAT)
Globalstar, Inc. is the provider of data communication and mobile satellite services on a global basis. The company provides equipment and services for remote business, recreational and other applications. There are fixed voice and data services for industrial, residential and commercial sites. The company has crossed the stock value of $0.40 and there is anticipation to grow with the advanced business strategies.
- Conformis (NSDQ: CFMS)
The company deals with the knee and hip replacements and are among the most crucial medical device markers. The stocks of CFMS are presently having the value of $2.33 and with the growth in the market, it will have positive retorts in the coming phases.
- Zynerba Pharmaceuticals (NSDQ: ZYNE)
This biopharmaceutical company develops cannabinoid-based therapies and the stock prices have bloomed with the legalization of cannabis in various parts of the US. The company is holding the stocks at an average price of $8 and more. Its penny stock position is raising the status and there is excellence expected at the stock prices towards the 52-week high level of $12.50.