Penny stocks are said to be the best stock investments for beginners, since the market is full of penny stocks that are destined to succeed in the future. However, we are in no way suggesting that these penny stocks are guaranteed to go up as there are always risks when making investments. It is always best to reach the company, the market, and information on penny stocks as you continue on with your investments.
To make it easy, Insider Monkey compiled 10 Best Penny Stocks to Buy Now for beginner investors. The summary is as follows.
Number 1o would be Onconova Therapeutics, Inc a pharmaceutical known for making treatments for breast cancer. They currently have a drug in Phase 1 trials and there seems to have no adverse effects to it. Next would be Atari SA, a French video game company, that is now foraying into the crypto and blockchain space with non-fungible tokens. They are currently planning a gaming hotel in Las Vegas.
Denison Mines is a Canadian company who is currently engaging in uranium exploration. The company’s flagship asset is the Wheeler River project. The project has very low OPEX costs, with two extremely high-grade uranium deposits. Number 7 is Citrus Pharmaceuticals, who is leading Phase 3 program for its lead product candidate for the treatment of catheter-related bloodstream infections. This company is known to focus on creating treatments for rare diseases.
6th would be iQSTEL, Inc a an emerging company focused on futuristic, promising and innovative markets, including telecom, EVs, Liquid Fuel Distribution, blockchain, fintech and IoT. Nouveau Monde Graphite Inc. owns the Matawinie property that includes 319 mining claims in Montreal, Quebec. The company believes the project has the potential to become the largest graphite operation in the region.
88 Energy Limited explores oil and gas in the U.S., with a 64% working interest in the Icewine project, and a 100% interest in Yukon Gold leases located on the eastern border of the Central North Slope of Alaska. American Battery Metals Corporation explores, mines and recycles battery metals. To increase their margin and reduce waste, they use a water-based hydrometallurgical process.
Alpine 4 Holdings Inc. operates fabrication technology and clean energy solutions. The holding entity has eight companies under it, operating in futuristic segments like aerospace, advanced materials and green energy. Ascent Solar is a photovoltaic cell company was selected by NASA’s Marshall Space Flight Center in Huntsville, Alabama, for participation in two upcoming flight demonstrations.
Read more of Insider Monkey’s 10 Best Penny Stocks to Buy Now here.