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What Are the Best Penny Stocks Under $1 on NASDAQ?

John ShahidiVerified
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Summary：Looking for nasdaq penny stocks under $1? Check out Zomedica Corp, Avinger Inc, Sundial Growers Inc, and Jaguar Health Inc. However, investing in penny stocks can be risky, so do your research and diversify your portfolio.

What Are the Best Penny Stocks Under $1 on NASDAQ?

Penny stocks are considered risky investments due to their low price and volatility. However, they also offer the potential for high returns if chosen wisely. Here are some of the best penny stocks under $1 on NASDAQ that could be worth considering for investors.

1. Zomedica Corp (ZOM)

Zomedica Corp is a veterinary diagnostic and pharmaceutical company that focuses on developing innovative solutions for the diagnosis and treatment of animals. The company’s stock has been on the rise lately due to its new product launches and partnerships.

2. Avinger Inc (AVGR)

Avinger Inc is a medical device company that designs and develops catheter-based technologies for the treatment of peripheral artery disease. The company’s stock has seen increased trading volume recently, which could be a sign of growing investor interest.

3. Sundial Growers Inc (SNDL)

Sundial Growers is a cannabis company that produces and sells a wide range of cannabis products, including edibles, oils, and concentrates. The company’s stock has been on the rise since the legalization of cannabis in many states in the US.

4. Jaguar Health Inc (JAGX)

Jaguar Health is a natural products pharmaceuticals company that focuses on developing medicines for gastrointestinal conditions. The company’s stock has seen increased trading volume in recent weeks, which could be a sign of positive news in the pipeline.

Investment Tips for Penny Stocks

Investing in penny stocks can be risky, but it can also be rewarding if done correctly. Here are some tips to keep in mind:

1. Do your research: Always research the company and its financials before investing.

2. Diversify your portfolio: Don’t put all your money into one penny stock, but spread it out across multiple companies.

3. Use stop-loss orders: Set a stop-loss order to protect your investment and limit your losses if the stock price falls.

4. Be patient: Penny stocks can be volatile, so don’t panic if the stock price drops. Hold onto your investment and wait for a potential rebound.

In conclusion, penny stocks can offer high returns, but they also come with high risks. Therefore, investors should do their research, diversify their portfolio, use stop-loss orders, and be patient when investing in penny stocks. The above-listed companies are some of the best penny stocks under $1 on NASDAQ that could be worth considering for investors.

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