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A penny stock (also known as a microcap or nano stock) refers to a small company’s stock that usually trades at less than $5. Many of these stocks are from upstart and struggling companies. However, given their low-price levels, investors often target the best of them for the higher-than-usual upside that they can offer.
While it’s true that penny stocks are quite volatile and are usually speculative investments that doesn’t mean that they do not sometimes represent promising opportunities. Acerinox, S.A. (ANIOY), ARC Resources Ltd. (AETUF), Alliance Resource Partners (ARLP), and Champion Iron Limited (CHPRF) have been blazing hot this year and we think could be high-risk, high-reward bets.
