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

Oliver KahnVerified
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Summary：Looking for high-risk, high-reward potential? Consider investing in penny stocks! Check out our top picks including Genius Brands International, Zomedica Pharmaceuticals, and Nokia Corporation.

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

Penny stocks are known for their high-risk, high-reward potential. These stocks are usually priced under $5 per share and are often associated with smaller companies with limited financial resources. However, despite their volatility,penny stockscan offer significant returns for investors who are willing to take on the risk. In this article, we will take a look at some of the top penny stocks to invest in right now.

1. Genius Brands International Inc. (GNUS)

Genius Brands International Inc. is a children's media company that creates and licenses animated content. The company's stock has been on a rollercoaster ride in recent months, with shares surging to over $11 in June before dropping to around $1.50 in October. However, the company's partnership with Stan Lee's POW! Entertainment and the launch of its new streaming platform, Kartoon Channel!, could help boost the stock's value in the future.

2. Zomedica Pharmaceuticals Corp. (ZOM)

Zomedica Pharmaceuticals Corp. is a veterinary diagnostic and pharmaceutical company that develops products for companion animals. The company's stock has seen significant growth in recent months, with shares trading at around $0.20 in August and reaching over $1 in October. Zomedica's focus on the growing pet care industry and its innovative products could help drive the stock's value even higher.

3. Nokia Corporation (NOK)

Nokia Corporation is a multinational telecommunications, information technology, and consumer electronics company. The company's stock has struggled in recent years, with shares trading at around $5 in 2019 before dropping to under $3 in 2020. However, the company's partnership with Microsoft and its focus on 5G technology could help boost the stock's value in the future.

Investing in penny stocks can be risky, and it is important to do your research before making any investment decisions. It is also important to have a solid investment strategy and to diversify your portfolio to minimize risk. Consider consulting with a financial advisor before investing in penny stocks. With careful consideration and a bit of luck, penny stocks could offer substantial returns for investors.

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10 cent stockspenny stockshigh-risk investmentsGenius Brands InternationalZomedica Pharmaceuticals
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