Penny Stocks

Kalkine Media explores Canadian stocks under $1: DRT to MGA

 Kalkine Media explores Canadian stocks under $1: DRT to MGA

Let us discuss some Canadian penny stocks under C$ 1 that one can consider right now for short-term gains

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3 TSXV penny stocks under $1 for high-risk investors

3 TSXV penny stocks under $1 for high-risk investors

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.

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5 TSX penny stocks that rose over 60% return in 2022

5 TSX penny stocks that rose over 60% return in 2022

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).

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2 top TSX penny stocks under $1 to buy in July: TI and FORZ

2 top TSX penny stocks under $1 to buy in July: TI and FORZ

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

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2 TSXV penny stocks for long term investors: CMC & MOS

2 TSXV penny stocks for long term investors: CMC & MOS

In penny stocks, money can be made, but there are also chances you can lose your investments.

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10 TSX penny stocks under 50 cents to buy in July

10 TSX penny stocks under 50 cents to buy in July

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 ...

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Top 5 multibagger TSXV penny stocks to buy in June 2022

Top 5 multibagger TSXV penny stocks to buy in June 2022

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...

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5 Canadian penny stocks to buy under 50 cents - AN, PQE, RGD, WMG, KEI

5 Canadian penny stocks to buy under 50 cents - AN, PQE, RGD, WMG, KEI

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...

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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!

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 ...

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RZE, IVX and GMG: 3 Canadian penny stocks that rose over 300% in 1 year

RZE, IVX and GMG: 3 Canadian penny stocks that rose over 300% in 1 year

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...

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TAL, AFE, PSH, QRC & QUIS: 5 dirt-cheap penny stock to consider in May

TAL, AFE, PSH, QRC & QUIS: 5 dirt-cheap penny stock to consider in May

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...

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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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