Penny Stocks

Looking for super cheap penny stocks? Here are 5 TSXV stocks under $1!

 Looking for super cheap penny stocks? Here are 5 TSXV stocks under $1!

Some investors look away from penny stocks as these generally have low market capitalization and can lack stability. Those with a high-risk appetite, however, can consider penny stocks like Arena Minerals (TSXV: AN), Reunion Gold (TSXV: RGD), Devon...

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Forza (FORZ) and Hemisphere (HME): 2 Canadian penny oil stocks to buy

Forza (FORZ) and Hemisphere (HME): 2 Canadian penny oil stocks to buy

Highlights Stocks of Forza Petroleum (TSX: FORZ) have surged about 121 per cent in nine months. Hemisphere Energy (TSXV: HME) saw its stock swell by approximately 63 per cent in nine months. Investors with high-risk levels may consider the ong...

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Razor (RZE) and FHYD: 2 Canadian penny stocks that rose 700% in 1 year

Razor (RZE) and FHYD: 2 Canadian penny stocks that rose 700% in 1 year

Some investors prefer low-risk equities like blue-chip stocks. Some others, however, choose to explore riskier equities like penny stocks, which can bring some returns in the short run. Exploring certain penny stocks that reflect some growth possi...

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JOY, FYHD, IPO, KIP & TIC: 5 Canadian penny stocks to buy in March

JOY, FYHD, IPO, KIP & TIC: 5 Canadian penny stocks to buy in March

Russia’s ongoing attack on Ukraine has driven uncertainty in the global stock markets, due to which commodities like metals, oil and gas are noting noticeable impact. Amid this crisis, some investors are showing interest in exploring penny s...

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GoldQuest (TSXV:GQC) & Cielo (CMC): 2 Canadian stocks under 50 cents

GoldQuest (TSXV:GQC) & Cielo (CMC): 2 Canadian stocks under 50 cents

Highlights Canadians with small pockets should not feel demotivated about investing in stock markets as there are some options that can fit their investment objectives and risk-reward profile. While they have certain volatility and risk factors...

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Forza (FORZ) & Journey (JOY): Best TSX penny stocks to buy right now?

Forza (FORZ) & Journey (JOY): Best TSX penny stocks to buy right now?

Highlights Penny-cap companies, in general, are considerably young players with limited capital. While in some cases the companies can go on to significantly grow their business, the constrained funds is also likely to place them in a volatile ...

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3 TSX penny stocks to add to your kitty in February 2022

3 TSX penny stocks to add to your kitty in February 2022

Highlights Investors often prefer penny stocks as they come cheap and can be bought in bulk at a comparatively low price. Another reason behind their popularity is that some penny stocks can have significant upside in terms of return potential ...

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Petrus (PRQ) & GoldQuest (GQC): 2 Canadian penny stocks to buy

Petrus (PRQ) & GoldQuest (GQC): 2 Canadian penny stocks to buy

Highlights While they come with their own set of risks, penny stocks are often viewed by some investors as a quick and cheap way to earn some profit in the stock markets. One major reason behind this perspective is that, unlike blue-chip stocks...

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Top 5 TSX stocks under $1 to buy in 2022

Top 5 TSX stocks under $1 to buy in 2022

Many traders and seasonal investors look for pocket-friendly investments like stocks under C$ 1 to gain from the upward price movements.  It may sound like an easy way to make money. However, such an investment approach should be guided by th...

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5 Canadian penny stocks under 50 cents worth exploring in 2022

5 Canadian penny stocks under 50 cents worth exploring in 2022

  Stocks under 50 cents sound cheap. However, some Canadian stocks that are low priced may be worthy of your money and time. Freshers in the stock market tend to look for quality stocks at bargain prices, which have the potential to evolve in...

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How can Canadian investors buy penny stocks?

How can Canadian investors buy penny stocks?

If you are an investor who wants to or has little money to invest in stock markets, penny stocks can be a helpful option for you. Penny stocks are not only cheap (less than C$ 5 apiece), but also help you enter the stock market universe with small...

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Frequently Asked Questions

Penny stocks can be rewarding if one can carefully time the market and trade these low-priced stocks when their prices rise due to some evolving market situation. However, one should note that the risk factor in penny stocks is comparatively higher than small-cap, mid-cap and large-cap stocks.

Penny stocks tend to be more volatile than large cap or mid cap stocks, generally speaking. For the most part, these are stocks of comparatively newer companies. Some investors don’t mind taking their chance on losing a few pennies for an opportunity to own the next FAANG stock for real cheap. This approach might be akin to buying a lottery ticket or having a go at a slot machine. It should never be one for a serious investor. Also, scams may exist in this space.

As the name suggests, penny stocks are stocks selling at low prices and generally trade under $5. Often, retail investors look for penny stocks in hopes of earning 10x or more returns on the amount invested. Investing in penny stocks is risky compared to small-cap or large-cap stocks as they belong to companies with not-so-strong fundamentals. There are a lot of factors to assess before investing in penny stocks, and you can consider the following. 1. Check the number of shares available. 2. See the liquidity of shares. 3. Check risk dilution (see if there are too many shares outstanding).

A penny stock may spike if there is a buzz around it, for example, if users on Reddit or some other platform are talking about it. In other cases, if a bigger company is contemplating acquiring the company that the penny stock represents, this may lead to its demand, and hence, price hike. Sometimes, an influencer like a billionaire investor dropping a tweet on the penny stock may also lead to amateur investors picking it. That said, a sudden spike may be followed by a steep decline in the price of a penny stock, which mandates extreme caution. It may be better to rely on a stock's fundamentals like the company's products/services and its market share before making any investment decision.

Penny stocks can be traded via any trading platform and account. Investors can add funds to their accounts in order to buy the required quantity of any penny stocks. It is necessary to closely track the price movements to make a profit if it attains target price or sells if one thinks price might fall to minimize losses.

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