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What Are the Top Penny Stocks to Invest in Right Now?

Emma MarroneVerified
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Summary：Looking for high-risk, high-reward investments? Consider these top penny stocks to invest in right now, including ACRX, NVAX, JAGX, SNDL, and ZOM.

What Are the Top Penny Stocks to Invest in Right Now?

Penny stocks are a popular choice for investors looking for high-risk, high-reward investments. These stocks typically trade for less than $5 per share and are known for their volatility. While penny stocks can be risky, they also offer the potential for significant returns. In this article, we will explore some of the top penny stocks to invest in right now.

1. AcelRx Pharmaceuticals Inc. (ACRX)

AcelRx Pharmaceuticals is abiopharmaceutical companythat develops and commercializes therapies for acute pain management. The company's flagship product, Dsuvia, is an opioid painkiller that is used to manage pain in a hospital setting. With the opioid crisis still a major issue in the United States, there is significant demand for effective pain management solutions. ACRX has been on the rise in recent months and is a top penny stock to watch.

2. Novavax Inc. (NVAX)

Novavax is a biotechnology company that focuses on the development of vaccines for infectious diseases. The company's COVID-19 vaccine candidate has been shown to be highly effective in clinical trials, and Novavax has signed supply agreements with multiple countries. With the ongoing pandemic and the need for effective vaccines, NVAX is a top penny stock to consider.

3. Jaguar Health Inc. (JAGX)

Jaguar Health is a natural products pharmaceuticals company that develops and commercializes treatments for gastrointestinal conditions. The company's flagship product, Mytesi, is used to manage diarrhea in people with HIV/AIDS. With the global pandemic still ongoing, there is a significant need for effective treatments for various health conditions. JAGX is a top penny stock to keep an eye on.

4. Sundial Growers Inc. (SNDL)

Sundial Growers is acannabis companythat produces and sells cannabis products for both the medical and recreational markets. The company has been expanding rapidly and has recently announced plans to enter the European market. With the increasing legalization of cannabis around the world, SNDL is a top penny stock to consider.

5. Zomedica Corp. (ZOM)

Zomedica is a veterinary diagnostic and pharmaceutical company that develops and commercializes products for companion animals. The company's flagship product, Truforma, is a diagnostic platform that provides rapid results for veterinary clinics. With the growing demand for pet care products and services, ZOM is a top penny stock to watch.

Investing in penny stocks can be risky, but it can also be rewarding. It is important to do your research and understand the risks before investing. Consider consulting with a financial advisor before making any investment decisions. With the right strategy and approach, penny stocks can be a valuable addition to your investment portfolio.

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