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What are the top penny stocks?

Oliver KahnVerified
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Summary：Discover the top penny stocks with significant upside potential, including Ocugen, Sundial Growers, and Zomedica Corp. Mitigate risks with diversification and due diligence.

Penny stocks are low-priced stocks that trade for less than $5 per share. These stocks are often associated with small companies that are just starting out and may be traded on smaller exchanges. Penny stocks are often considered high-risk investments due to their volatility and lack of liquidity. However, for investors who are willing to take on the risk, penny stocks can offer significant upside potential. In this article, we will explore the top penny stocks and what makes them stand out in the market.

What are the top penny stocks?

1. Ocugen Inc. (OCGN)

Ocugen Inc. is a clinical-stage biopharmaceutical company that develops gene therapies to treat eye diseases. The company's stock has been on a rollercoaster ride lately due to its involvement in the development of a COVID-19 vaccine. Despite the volatility, Ocugen has managed to maintain a strong position in the market, with a current market cap of over $1 billion.

2. Sundial Growers Inc. (SNDL)

Sundial Growers Inc. is a Canadian cannabis company that produces and distributes cannabis products for both medical and recreational use. The company has experienced significant growth in recent years, with its stock price increasing by over 500% in the past year alone. Sundial is a popular choice among investors looking to invest in the growing cannabis industry.

3. Zomedica Corp. (ZOM)

Zomedica Corp. is a veterinary diagnostic and pharmaceutical company that develops products for the companion animal health market. The company's stock has been on the rise recently due to its focus on developing products for the rapidly growing pet healthcare industry. Zomedica's market cap currently stands at over $1 billion.

Investment strategies for penny stocks

Investing in penny stocks can be a high-risk, high-reward proposition. One way to mitigate risk is to invest in companies that have a solid track record and are well-positioned for growth. It's also important to do your due diligence and research the company's financials, management team, and industry trends before investing.

Another strategy is todiversify your portfolioby investing in a variety of penny stocks across different industries. This can help spread your risk and increase your chances of finding a winner.

Finally, it's important to set a clear investment strategy and stick to it. Whether you're looking to make a quick profit or hold onto your investments for the long term, having a plan in place can help you stay focused and make more informed investment decisions.

Conclusion

Penny stocks can offer significant upside potential for investors who are willing to take on the risk. Companies like Ocugen, Sundial Growers, and Zomedica Corp. are among the top penny stocks to watch in today's market. By diversifying your portfolio, doing your due diligence, and setting a clear investment strategy, you can increase your chances of success when investing in penny stocks.

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best penny stockshigh-risk investmentsdiversify your portfolioOcugen Inc.Sundial Growers Inc.Zomedica Corp.
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