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What are the Top Penny Stocks to Invest in Now?

John ShahidiVerified
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Summary：Discover the top penny stocks to invest in now, including Novavax, OrganiGram, Inovio Pharmaceuticals, Castor Maritime, and Genius Brands International. High-risk, high-reward investments require due diligence and research.

Penny stocks are low-priced stocks that trade for less than $5 per share. They are often associated with high risk and high return. If you are looking toinvestinpenny stocks, it is important to do yourdue diligenceandresearchthe company before making any investment decisions. In this article, we will explore the top penny stocks to invest in now.

1. Novavax Inc. (NVAX)

Novavax Inc. is a biotech company that specializes in the development of vaccines. The company's COVID-19 vaccine candidate has shown promising results in clinical trials and has been granted emergency use authorization by the FDA. Novavax's stock price has surged in recent months, making it one of the top penny stocks to invest in now.

2. OrganiGram Holdings Inc. (OGI)

OrganiGram Holdings Inc. is a Canadian cannabis company that produces and sells cannabis and cannabis-derived products. The company has been expanding its operations and has recently announced plans to enter the U.S. market. OrganiGram's stock price has also seen significant growth in recent months, making it a top penny stock to consider investing in.

3. Inovio Pharmaceuticals Inc. (INO)

Inovio Pharmaceuticals Inc. is a biotech company that develops and commercializes DNA-based vaccines and immunotherapies. The company's COVID-19 vaccine candidate has shown promising results in clinical trials and has received funding from the U.S. government. Inovio's stock price has also seen significant growth in recent months, making it a top penny stock to invest in now.

4. Castor Maritime Inc. (CTRM)

Castor Maritime Inc. is a shipping company that specializes in the transportation of dry bulk goods. The company has been expanding its fleet and has recently announced plans to acquire additional vessels. Castor Maritime's stock price has also seen significant growth in recent months, making it a top penny stock to consider investing in.

5. Genius Brands International Inc. (GNUS)

Genius Brands International Inc. is a media company that produces and distributes children's entertainment content. The company has recently expanded its operations and has announced plans to launch a new streaming service. Genius Brands International's stock price has also seen significant growth in recent months, making it a top penny stock to invest in now.

In conclusion, investing in penny stocks can be a high-risk, high-reward endeavor. It is important to do your own research and due diligence before making any investment decisions. Novavax Inc., OrganiGram Holdings Inc., Inovio Pharmaceuticals Inc., Castor Maritime Inc., and Genius Brands International Inc. are all top penny stocks to consider investing in now. However, it is important to remember that the stock market is volatile and there is no guarantee of a return on investment.

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