While a record-long bull market has been great for investors, it also means stocks are getting too expensive.
That’s why we’ve put together the 10 top penny stocks to watch this week.
You see, at under $5 a share, penny stocks can return staggering gains in response to even minor price movement.
Just look at last week’s big winner, OncoCyte Corp. (NYSE: OCX). The stock surged nearly 160% in less than a week, and it still trades for just $4.98 a share.
However, investors have to sort through the over 2,800 penny stocks trading on the market today to find one worth buying.
The VQScore system ranks the most profitable companies on the market by their growth potential, and then we use it to screen the best penny stocks you can buy today.
In fact, it uncovered one stock that could soar 233%.
After looking at last week’s top penny stocks, we’ll show you the top penny stock to buy this week.
Here are last week’s top-performing penny stocks:
|Penny Stock||Sector||Current Share Price||Last Week’s Gain|
|OncoCyte Corp. (NYSE: OCX)||Healthcare||$4.98||159.38%|
|Fortress Biotech (NASDAQ: FBIO)||Healthcare||$2.47||133.02%|
|Trevena Inc. (NASDAQ: TRVN)||Healthcare||$1.01||86.69%|
|Celldex Therapeutics Inc. (NASDAQ: CLDX)||Healthcare||$0.58||66.82%|
|Wheeler Real Estate Investment Trust Inc.(NASDAQ: WHLR)||Financial||$1.80||63.64%|
|Scynexis Inc. (NASDAQ: SCYX)||Healthcare||$1.13||53.64%|
|Eldorado Gold Corp. (NYSE: EGO)||Basic Materials||$3.98||47.96%|
|Novus Therapeutics Inc. (NASDAQ: NVUS)||Healthcare||$4.15||43.60%|
|PHI Inc. (NASDAQ: PHII)||Services||$4.50||42.14%|
|BioTime Inc. (NYSE: BTX)||Healthcare||$1.33||41.50%|
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As we can see from last week’s top-performing penny stocks, there’s still plenty of upside left to find in this market.
That’s why we’re so excited about our top penny stock to buy this week.
It’s an energy company sitting on some of the nation’s largest natural gas reserves, and it’s set to make a killing off of rising prices.
In fact, it could nearly quadruple your money. And it’s only trading for $3.50 a share…