What Are The Top Penny Stocks To Watch?
Paul RyanWhat Are The Top Penny Stocks To Watch?
Penny stocks are low-priced stocks that can be highly volatile and risky. However, they also have the potential to provide high returns if chosen wisely. In this article, we will discuss some of thetop penny stocks to watchin 2021.
1. Sundial Growers Inc. (SNDL)
Sundial Growers is a Canadian cannabis company that has gained a lot of popularity among investors in recent years. It has a market capitalization of $1.7 billion and a current trading price of around $1.30 per share. The company's revenue has been growing rapidly, and it is expected to continue to do so in the coming years.
2. Castor Maritime Inc. (CTRM)
Castor Maritime is a shipping company that operates a fleet of dry bulk carriers. The company's stock has gained over 700% in the past year, and it currently trades at around $0.23 per share. The company's revenue has also been growing, and it has recently acquired several new vessels.
3. Zomedica Corp. (ZOM)
Zomedica is a veterinary diagnostic and pharmaceutical company that has recently gained a lot of attention from investors. The company's stock has gained over 1600% in the past year, and it currently trades at around $0.12 per share. The company has recently launched several new products, which are expected to drive its revenue growth.
Investing in Penny Stocks
Investing in penny stocks can be risky, and it is important to do your research and choose your investments wisely. Here are some tips that can help you make smart investment decisions:
1. Do your research: Before investing in any penny stock, make sure to do your research and understand the company's financials, management, and growth potential.
2. Diversify your portfolio: It is important to diversify your portfolio and not put all your money in one stock. This can help reduce your risk and increase your chances of making a profit.
3. Set realistic goals: It is important to set realistic goals and not expect to get rich overnight. Investing in penny stocks requires patience and a long-term perspective.
In conclusion, penny stocks can be highly volatile and risky, but they also have the potential to provide high returns if chosen wisely. Sundial Growers, Castor Maritime, and Zomedica are some of the top penny stocks to watch in 2021. Wheninvesting in penny stocks, it is important to do your research, diversify your portfolio, and set realistic goals.
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