Kalkine Media presents under-50-cents penny stocks to explore right now

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Highlights

  • Penny investors generally search for cheap stocks priced below C$ 5.
  • Penny stocks typically possess low market capitalization ranging between C$ 60 million to C$ 300 million
  • Small Pharma stock skyrocketed by 285 per cent in one month

Canadian investors with limited capacity to invest can earn returns by aiming for penny stocks like Spectral Medical (TSX: EDT), Snipp (TSXV: SNIP), Reunion Gold (TSXV: RGD) etc.

Penny investors generally search for cheap stocks priced below C$ 5 and possess market capitalization somewhere between C$ 60 million to C$ 300 million. Such a strategy typically focuses on stocks likely to see price momentum in the short or near term. Investors generally book their profits when (and if) the expected price momentum arrives. However, one should mind that penny stocks are a highly risky venture, and any unfavourable market dynamics could result in huge losses.

Keeping these points in mind, let us look at the following Canadian penny stocks under 50 cents, selected by Kalkine Media®, that one can explore right now.


 


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