Great penny stocks can deliver enormous return on minimal investment. That's why we're bringing you the 10 top penny stocks to buy this week.
In fact, our best penny stock is poised for 272% growth. We'll show you that one in a second.
First, here's a look at last week's penny stock winners.
|Penny Stock||Current Share Price||Last Week's Gain|
|Abeona Therapeutics Inc. (NASDAQ: ABEO)||$3.01||95.45%|
|FuelCell Energy Inc. (NASDAQ: FCEL)||$0.64||91.04%|
|Interlink Electronics Inc. (OTCMKTS: LINK)||$3.10||58.16%|
|Daseke Inc. (NASDAQ: DSKE)||$2.70||53.41%|
|ElectroCore Inc. (NASDAQ: ECOR)||$2.89||51.31%|
|Marinus Pharmaceuticals Inc. (NASDAQ: MRNS)||$1.74||51.30%|
|Southwestern Energy Corp. (NYSE: SWN)||$2.25||42.41%|
|Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)||$4.69||38.76%|
|Hebron Technology Co. Ltd. (NASDAQ: HEBT)||$4.40||38.36%|
|Independence Contract Drilling Inc. (NYSE: ICD)||$1.45||38.10%|
As you can see, our best gainer last week added 95.45%. But that doesn't mean you should expect that from all penny stocks.
There is risk involved in penny stock investing. It's not some "magic bullet investment," which is why it's important to find penny stocks with strong financials and a growing business model.
While you could scan thousands of penny stocks on your own for winners, we're able to do this more efficiently using the Money Morning Stock VQScore™ system. This proprietary system finds stocks that meet our strictest requirements. That means they have the best chance to break out higher. We then use the VQScore tool to screen for stocks trading under $5 to come up with the best penny stocks to buy.
The VQScore system runs on a scale of 1 to 4.9. Anything above a 4 is in the "Buy Zone."
This week, our top penny stock to buy has VQScore of at 4.9. And there's a very good chance it could soar beyond 270%.
The top penny stock to buy this week is a little-known firm in the oil exploration industry.
It's perfectly positioned to cash in on the global boom in oil demand.
And it's only trading for $4.03 a share…
Antero Resources Corp. (NYSE: AR) is a hydrocarbon exploration company based in Delaware and Colorado.
As a hydrocarbon firm, Antero is mainly involved with discovering and sourcing both natural gas and oil reserves in North America.
With the entirety of the company's reserve located in the Appalachian basin, Antero has made a significant bet on increased domestic output of American fossil fuels.
According to a recent report form the U.S. Energy Information Administration, American oil output is expected to rise by nearly 1.5 million barrels a day over the next year.
This jump will not only push American oil production to new levels – it will also make the United States the world's largest oil producer, ahead of Russia and Saudi Arabia.
With Antero heavily invested in domestic oil discovery, the firm is sure to make a killing as global demand for oil continues to grow while the U.S. is able to take the lion's share of production.
That's why analysts have given the company a high price target of $15 – a 272% gain over today's price of $4.03.
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