Penny stocks are ideal for less affluent shareholders who aren’t willing to risk sinking large investments into dubious and expensive stocks. They are also known to improve stock portfolios drastically and very quickly, and these lucrative stocks demonstrate this perfectly:
1.) GreenGro Technologies Inc. (OTCMKTS:GRNH)
Ever since Colorado’s legalization, marijuana-related penny stocks have shown impressive growth, but GreenGro has already shown an amazing 877% increase just since January, and it continues to rise. GreenGro is involved in the construction and management of legal pot dispensaries and is a must buy for any aspiring shareholders.
2.) Hemp Inc. (OTCMKTS: HEMP)
While it is not the best, Hemp Inc. has proven to be another very profitable stock, up over 500% since New Years. They deal with a variety of diversified ventures in the rapidly expanding market for legal bud.
3.) SMTP Inc. (Nasdaq: SMTP) SMTP provides email services and support to a large variety of companies. This year, SMTP stock has climbed 324%. The stock jumped nearly 500% the first week of January before settling. They currently offer a $0.12 dividend and sell for $6.06 a share.
4.) Verso Paper Corp. (NYSE: VRS) Verso develops paper products that are used in a variety of catalogs, magazines, retail inserts, books, and other commercial print items. At the end of January, VRS stock was trading at $3.00 after a one-month gain of 380%.
5.) OXiGENE Inc. (Nasdaq: OXGN) is the biggest penny stock gainer this week, up 102%. OXiGENE is a clinical-stage biopharmaceutical company that develops cancer treatments. The stock jumped on news that its experimental drug Zybrestat slowed the progression of ovarian cancer when it was combined with Roche Holding’s (VTX: ROG) drug Avastin. OXGN ended the week trading near $4 per share. With a market cap of just $45 million, OXiGENE is the type of biotech penny stock investors look to for quick gains. Definitely worth looking into for any investor.