10 penny stocks to buy under 50 cents in July

Trading in penny stocks is often considered an entry way into the stock market world for amateur investors as it can help one understand the basics of the market.

New retail investors are also known to start by investing in penny stocks as they are available at very low prices. However, one should note that penny stocks come with a highly volatility rate.

That said, let’s look at some penny stocks that are priced under 50 cents.

Organto Foods Inc. (TSXV:OGO)

Listed on the TSX Venture Exchange (TSXV), Organto stock jumped up 11 per cent to close at C$ 0.5 on Wednesday, June 30, after the company announced annual general meeting results for 2021.

The Vancouver-based company is engaged in producing and selling organic and speciality food products. Its share price skyrocketed by 614 per cent in the last one year and surged 37 per cent in the past week.

In Q1 2021, Organto achieved record revenues of C$ 4.8 million, representing a surge of 191 per cent year-over-year. In the same period, the company posted a record gross profit of C$ 457,815, up 9.9 per cent YoY.

GoviEx Uranium Inc. (TSXV:GXU)

GoviEx is a mineral resources company that focuses on exploring uranium and gold in Western Africa. On June 9, the company reported positive gold drilling results in Mali. GoviEx has also secured a Zambia drilling contract.

On June 30, GXU stock climbed 19.6 per cent to close at C$ 0.305 apiece. It returned 45 per cent quarter-to-date (QTD) and 27 per cent in the last six months.

In Q1 2021, GoviEx strengthened its balance sheet as its cash in hand increased to US$ 10.8 million, as compared to US$ 2.5 million in Q1 2020.

Quantum Emotion Corp. (TSXV:QNC)

Previously known as the Quantum Number Corp, the company changed its name to Quantum Emotion on June 8, 2021. The Montreal-based company is engaged in providing quantum-safe encryption services.

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As the risk of cybersecurity threats increase across the world, Quantum Emotion's demand could increase as its technology can secure encrypted data. The company claims to provide its technologies to the financial, military and internet telecommunication sectors.

QNC stock catapulted by 250 per cent year-to-date (YTD).

Minaean SP Construction Corp. (TSXV:MSP)

The Vancouver-based company is known for providing innovative solutions to the infrastructure industry. In addition, Minaean's innovative light gauge steel components are used in several sectors like healthcare, industrial and hospitality sectors.

MSP scrips returned 662.5 per cent to the shareholders in the last six months and surged about 20 per cent in the past week. On Wednesday, June 30, MSP stock jumped 3.4 per cent during the trading session to close at C$ 0.305 apiece.

The stock's 52-week low was C$ 0.03 on July 20, 2020, and the 52-week high was C$ 0.45 on May 31, 2021.

Standard Uranium Ltd. (TSXV:STND)

The company is engaged in uranium exploration and has business operations in the Davidson River flagship project in the Athabasca region. On June 1, 2021, the company announced that the summer drill program has begun.

At market close on June 30, STND shares were priced at C$ 0.26 after a surge of about 24 per cent in intraday trading. The stock soared by 45.6 per cent in the past year and grew by eight per cent month-to-date (MTD).

In Q3 2021, ended January 31, 2021, Standard Uranium had C$ 3.8 million as cash in hand, compared to C$ 777.069 on April 30, 2020.

Big Ridge Gold Corp. (TSXV:BRAU)

On June 30, the Big Ridge Gold Corp. closed a C$ 5 million brokered private placement of 24.3 million units for C$ 0.205 per unit. The share price climbed 24.6 per cent and closed at C$ 0.38 apiece.

According to TMX data, the company's price-to-book ratio sits 4.2.

BRAU share prices soared by 171 per cent in the last three months and expanded 153 per cent in the past year.

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FuelPositive Corporation (TSXV:NHHH)

FuelPositive aims to revolutionize the clean energy sector through its Carbon-Free Ammonia (NH3) technology with a focus on fighting climate change issues. The company claims that this technology is unique, and it can dramatically reduce emissions of greenhouse gases.

On June 17, the company closed a private placement with institutional investors in the US, and the deal was worth C$ 5 million. Its share prices soared 12.5 per cent on June 30, to close at C$ 0.225 per unit.

After a dip of about 10 per cent in the last three months, the stock seems to be gaining momentum as it soared back by about 41 per cent in the last one week. NHHH stock had a growth of 309 per cent YTD and of 350 per cent in the last six months.

Leaf Mobile Inc. (TSX:LEAF)

A leading video game group, Leaf Mobile is set to acquire Truly Social Games, the maker of mobile games in Vancouver, Canada.

Leaf Mobile stock surged three per cent in the past year and expanded by 53 per cent YTD. It was trading at C$ 0.345 per unit at market close on June 30.

In the first quarter of this year, the gaming company posted record revenue of C$ 25.3 million, up by 95 per cent YoY. Its adjusted EBITDA was C$ 3 million in Q1 2021, compared to a loss of C$ 1.4 million in Q1 2020.

Therma Bright Inc. (TSXV:THRM)

The Toronto-based company is engaged in manufacturing and selling medical devices and instruments. Therma Bright also developed the Acuvid COVID-19 Rapid Antigen Saliva Test. On June 24, the company announced that it would test the highly contagious Delta variant of the coronavirus through its antigen saliva test.

THRM stock returned 1,300 per cent in the last twelve months and 63 per cent YTD. The scrips closed at C$ 0.35 per share on June 30.

For the three months ended April 30, 2021, Therma Bright's cash and cash equivalents increased to C$ 2.1 million.

Tetra Bio-Pharma Inc. (TSX:TBP)

The biopharmaceutical firm develops cannabinoid-based drugs. Tetra Bio-Pharma recently announced that its new drug ARDS-003 has the potential to treat hyperinflammatory conditions. It is often observed in patients suffering from COVID-19 and sepsis.

Tetra Bio-Pharma holds a market cap of C$ 128.6 million, and its debt-to-equity (D/E) ratio sits at 0.18, as per TMX data. TBP share prices surged by 64 per cent YTD and surpassed the sector of S&P TSX Pharmaceuticals Index's growth of 26.8 per cent.

The scrips closed at C$ 0.32 per unit on June 30, and the 52-week high was C$ 0.53 on May 3, 2021.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.