There are a lot of investors looking at penny stocks right now. The reason for this is simple; they are inexpensive to get into. Not only that but they can yield big returns. There are several big companies that started out as penny stocks. For instance, Monster Energy once was a penny, and they have grown to all new levels. With that in mind, here are 10 best penny stocks to watch out for today. These can expand your portfolio and give you a fighting chance to earn big. Before you go over this list though, you should get more acquainted with the fundamentals here. It will help you handle our hot tips below when you start experimenting.
10 Best Penny Stocks and Analysis
Clean Diesel Technologies, Inc.
The first major option is CDTI. The reason why is because a lot of news from the automotive world is starting to come through. Cleaner running fuel cars are starting to takeover. It’s not about hybrids only any longer. Clean diesel is making a return for 2017, and big companies such as Honda Motor Company are starting to push it. The hybrid models that are coming from Honda will use Diesel and battery operation. The price of this stock is set to increase on the highlight of this news. If more 2017 vehicles utilize this, you can expect major gains through August.
Golden Minerals Co.
Stock traders have been looking at this stock because it made a nice move up from the low point of underneath $1. The increase of Golden Minerals Co. (AUMN) is more than 50% at press time. This pattern usually means momentum is going to be in your favor. The lowest trading point was 74 cents across a 50-day average. The movement to 90 cents marks this as a great option to consider. Of course, anything can happen, but many investors are anticipating this company to get to the $1 mark within the next 60 days, that’s for sure.
For those focused on patterns and momentum, (LTBR) is a symbol to watch. Lightbridge Corp. has positioned themselves in an enviable position. A trend line here is what you will want to look into. Focus on trading low right now, but getting close to the trend line. An increase of 66% is forecasted for this penny stock. Analysts suggest getting close to the trend line, and seeing if there is in fact an upward swing after a downward push that recently occured. The shift seems to indicate a strong increase should occur in the foreseeable future for Lightbridge Corp.
Transition Therapeutics Inc.
Amidst the choices on our hot penny stock lists, you should consider looking into this biopharmaceutical option. Transition Therapeutics Inc. (TTH) is one of those sleepers that is bound to increase beyond 100% this year. They have been working on mental health medications, and have seen a recent push in funding. As more and more research is being relegated to mental health issues, this company and others in the pharmaceutical world will see an increase in profits, no doubt.
Banro Corp. (BAA) has found some recent strength. The momentum swing here has gone up nearly 60% at the last trend line. If you look at the charts, you will see that a small push upwards is going to occur in the coming months. This may be small marginal shifts, but the charts indicate that investors are confident in the 50-day movement that is shown. That key level of resistance that was below the last stopping point under 50 cents is worth taking note. A volume change is due, that’s for sure.
Five Star Quality Care Inc.
Look for Five Start Quality Care Inc. and other companies in this arena to get a surge in your investment portfolio. Right now this is a stock that is going to shift slightly as more and more people retire through the summer months. Five Star Quality Care (FVE) is interesting because they work with assisted living and senior communities. As more and more baby boomers, and their children go with these services, stock prices should move up. The numbers don’t lie when it comes to those reaching retirement age and leaving the work force in mass numbers. Look for a gain in the coming months. with free penny stock alerts, you can find even more hot penny stocks like this one if you are vigilant.
Solitario Exploration & Royalty Corp.
The surge in volume for Solitario Exploration and Royalty Corp is piquing the interest of many penny stock investors. It recently showed momentum, with a rise coming through in the last 50 days. The current trend line is trading at around 60 cents, and analysts are considering whether or not stop-loss orders are going to come through trends. The trend line seems to indicate increasing stock prices, but of course anything can happen. This company’s performance in trading seems to be working on an upward swing in the past 50 days, so watch for it to level out at least.
Colucid Pharmaceuticals Inc.
Pharmaceutical companies are usually winners. Colucid is on the rise, in fact, it may break through beyond the penny stock category sooner than later. The company helps with Alzheimer’s disease, and other medications. The CoLucid Pharmaceuticals Inc. (CLCD) stock is targeted to make a shocking jump as research into brain disorders, neurology, and more are paramount. The more funding medical research gets, the more likely this stock is going to move forward. It’s already made some gains in the past month.
New Concept Energy Inc.
One commodity you may want to watch out for is oil. New Concept Energy Inc. (GBR) is getting some buzz because of the need for oil across the country. This company works with Ohio and West Virginia oil drilling and is expanding into geriatrics. The stock has increased over 100% in the past 12 months, and analysts are looking at this mover to get even more expensive due to the summer months demanding more gasoline and power. Oil and gas wells in the Midwest are booming, which makes this part of the most interesting penny stocks to watch.
ReachLocal Inc. (RLOC) is the final option on this list but should definitely not be underestimated. The stock has gained serious moves because of an acquisition that went through in June that hasn’t closed yet. This means that you can expect a spike. This company deals with SEO and content marketing, which is a high in demand field in tech right now. Expect a big boom in the third and fourth quarter of 2016 for this one. Penny Stock alert services will help you decide if this one or any other penny stocks on this list will be worth your time.
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