What Are the Top Penny Stocks with High Trading Volume?
Emma MarroneIntroduction:
Penny stocks are low-priced shares that trade at a price of less than $5 per share. They are considered high-risk investments due to their volatile nature. However, penny stocks can also offer high returns for investors who are willing to take on the risks. In this article, we will discuss the top penny stocks with high trading volume.
What are penny stocks and why are they popular?
Penny stocks are shares of small companies that trade at a low price. These companies typically have a market capitalization of less than $200 million and operate in industries such as technology, biotech, and mining. Penny stocks are popular among investors because they offer the potential for high returns. Since penny stocks trade at a low price, investors can buy a large number of shares for a relatively small amount of money.
What are the top penny stocks with high trading volume?
1. Castor Maritime Inc. (CTRM)
Castor Maritime is a global shipping company that specializes in dry bulk cargoes. The stock has seen a surge in trading volume recently due to the high demand for shipping companies during the COVID-19 pandemic.
2. Sundial Growers Inc. (SNDL)
Sundial Growers is a Canadian cannabis company that produces and distributes cannabis products. The stock has seen a surge in trading volume recently due to the legalization of cannabis in several states in the United States.
3. Zomedica Corp. (ZOM)
Zomedica is a veterinary diagnostic and pharmaceutical company that develops products for pets and livestock. The stock has seen a surge in trading volume recently due to the high demand for veterinary products during the COVID-19 pandemic.
4. Naked Brand Group Inc. (NAKD)
Naked Brand Group is a fashion and lifestyle brand that specializes in intimate apparel. The stock has seen a surge in trading volume recently due to the company's restructuring efforts and new product launches.
Investment strategy for penny stocks:
Investing in penny stocks is risky and requires careful consideration. Before investing in penny stocks, investors should conduct thorough research on the companies they are interested in, including their financial statements, management team, and industry trends. It is also important to diversify investments and not put all your money into one stock.
Conclusion:
Penny stocks can offer high returns for investors but also come with high risks. The top penny stocks with high trading volume include Castor Maritime, Sundial Growers, Zomedica Corp., and Naked Brand Group Inc. Investors should conduct thorough research and diversify their investments when investing in penny stocks.
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