10 Top Penny Stocks to Watch This Week – and One You Need in Your Portfolio

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With over 2,800 stocks trading on the NYSE and the Nasdaq for under $5 a share, finding the top penny stocks to watch can be overwhelming.

In order to help Money Morning readers find the best penny stocks, we’ll start by looking at last week’s top-performing penny stocks.

And since last week’s performers might not keep soaring, we’ll show you a penny stock that’s on the verge of breaking out, so you can get on board early.

Here are last week’s top-performing penny stocks:

Penny Stock Sector Current Share Price Last Week’s Gain
Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) Consumer Goods $4.39 259.84%
Gridsum Holding Inc. (NASDAQ: GSUM) Technology $4.32 108.70%
Sky Solar Holdings Ltd. (NASDAQ: SKYS) Utilities $1.08 89.47%
Conformis Inc. (NASDAQ: CFMS) Healthcare $1.26 75.00%
Ideal Power Inc. (NASDAQ: IPWR) Industrial Goods $0.52 56.73%
ADMA Biologics Inc. (NASDAQ: ADMA) Healthcare $4.22 52.35%
CAS Medical Systems Inc. (NASDAQ: CASM) Healthcare $2.41 51.57%
Arcimoto Inc. (NASDAQ: FUV) Consumer Goods $4.88 50.15%
Adomani Inc. (NASDAQ: ADOM) Consumer Goods $0.38 49.94%
Huttig Building Products Inc. (NASDAQ: HBP) Services $3.41 47.62%

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As you can see, only two stocks generated triple-digit returns last week. However, we’ve found another penny stock that’s on the verge of breaking a 100% gain.

In fact, our top penny stock to buy this week could rise just over 170%.

It’s an oil company riding increasing global demand to sky-high profits.

And it’s only trading for $2.33…

Our Top Penny Stock to Watch This Week

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