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- Team Kalkine Media
TAL, AFE, PSH, QRC & QUIS: 5 dirt-cheap penny stock to consider in May
- April 28, 2022 10:20 AM EDT | Sundeep Radesh
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 ( ...Read More...
3 TSX smart penny stocks to buy in May
- April 22, 2022 08:38 AM EDT | Raza Naqvi
Highlights Calgary-based Exro Technologies is an innovative clean technology company that develops intelligent control solutions. The BTB Real Estate Investment Trust (REIT) generates its maximum revenue from the retail and office segme ...Read More...
Razor (RZE) and FHYD: 2 Canadian penny stocks that rose 700% in 1 year
- March 30, 2022 12:05 PM EDT | Kajal Jain
Highlights Some investors prefer equities like penny stocks, which are believed to be riskier, in the hopes of making some profit in the short run. Stocks of Razor Energy zoomed by over 1,076 per cent in the last one year. First Hydrog ...Read More...
JOY, FYHD, IPO, KIP & TIC: 5 Canadian penny stocks to buy in March
- March 01, 2022 10:21 AM EST | Kajal Jain
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 ...Read More...
GoldQuest (TSXV:GQC) & Cielo (CMC): 2 Canadian stocks under 50 cents
- February 10, 2022 08:43 AM EST | Kajal Jain
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 ...Read More...
Forza (FORZ) & Journey (JOY): Best TSX penny stocks to buy right now?
- February 07, 2022 11:11 AM EST | Kajal Jain
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 v ...Read More...
3 TSX penny stocks to add to your kitty in February 2022
- February 01, 2022 05:34 AM EST | Kajal Jain
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 po ...Read More...
Petrus (PRQ) & GoldQuest (GQC): 2 Canadian penny stocks to buy
- January 25, 2022 11:12 AM EST | Kajal Jain
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-chi ...Read More...
Top 5 TSX stocks under $1 to buy in 2022
- January 05, 2022 09:08 AM EST | Kajal Jain
Many traders and seasonal investors look for pocket-friendly investments like stocks under C$ 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 guid ...Read More...
5 Canadian penny stocks under 50 cents worth exploring in 2022
- January 04, 2022 10:30 AM EST | Kajal Jain
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 e ...Read More...
Frequently Asked Questions
Are Penny Stocks worth buying?
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.
Why you should avoid penny 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.
How do you pick penny stocks?
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).
How do you know if a penny stock will spike?
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.
How to Trade Penny Stocks?
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.