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.
Penny investors generally focus on cheap stocks with significant return potential in the near term (or in future) rather than big companies with heavy price tags that are expected to provide normal returns in the long run. Though penny stocks are ...
Highlights Penny stocks may be coupled with more stable stocks of big companies to give a portfolio balance These stocks have more than doubled in 12 months A stock here has a price-to-earnings ratio of four Penny stocks are stocks of rel...
Money invested wisely on penny stocks can provide investors with significant returns in a shorter period. Some Canadian penny stocks, like Arena Minerals (TSXV: AN), Petroteq Energy (TSXV: PQE), Reunion Gold (TSXV: RGD), Western Magnesium (TSXV: WM...
Highlights Investors with a high-risk appetite can consider certain penny stocks AN stock swelled by almost 281 per cent year-over-year (YoY). RGD stock ballooned by nearly 308 per cent in the last 52 weeks. Some investors look away from ...
Highlights Investors often consider penny stocks when aiming for short-term gains to benefit from certain favourable market conditions. Penny stocks generally come in handy as these are typically priced below C$ 5. However, these are considered...
Highlights Three stocks here offer a chance to be part of the Canadian oil and gas sector for mere pennies One of these stocks has spiked 258 per cent in 12 months An oil and gas stock here has increased 50 per cent on a year-to-date (YTD) bas...