Penny stocks are basically stocks of a small company with a price of less than US$ 5 per share.
Penny stocks are cheaper and many investors go with them. However, these stocks may face market volatility and are considered high-risk owing to their lower prices.
Let us discuss some Canadian penny stocks under C$ 1 that one can consider right now for short-term gains
Let us talk about seven Canadian penny stocks under 50 cents that risk takers can explore right now
Let us discuss five Canadian penny stock that rose significantly in 2022.
Penny investors could explore these Canadian penny stocks as these have outperformed the TSX benchmark so far this year. Let us find out more about them
Hence, the prospect of earning a higher return comes with high risk when investing in penny stocks. The current market conditions are extremely volatile. Therefore, exercising extra caution is important while exploring these inexpensive stocks.
Investors with a high risk appetite could explore Canadian penny stocks like Reunion Gold (TSXV: RGD), Atlas Salt (TSXV: SALT), Spectral Medical (TSX:EDT), MAX Resources (TSXV: MAX) and Canadian North (TSXV: CNRI).
Investors can explore these TSX penny stocks under C$ 1 as they have delivered a return of about 80 per cent and 85 per cent respectively in a year
In penny stocks, money can be made, but there are also chances you can lose your investments.