3 min read
The charm of investing in penny stocks lies in the possibility to trade at a lesser $5 and investors can buy a large number of shares at one time. The worries about recession are growing and many investors are moving into safer investments like bonds. Of course, experienced investors are not panicked, they know what to do and how to protect their investments.
But if you have a more extreme approach to market conditions today, maybe you should think about penny stocks.
The truth is you have to be very cautious, buying penny stocks in unsure economic circumstances may be the antagonistic approach to the market. But if your risk appetite is powerful and your risk tolerance allows you, investing in penny stocks can be a profitable strategy for you.
The question is which penny stocks to buy?
Traders-Paradise will give you some idea, but you have to explore the suggested companies and find the best for you.
Hebron Technology (HEBT)
This penny stock has made great gains this year. Hebron Technology Co Ltd (HEBT) is from China. Last week, on Thursday, it earned 10% more as investors continued storing into it. HEBT stock has gained an enormous 400% in 2019.
Hebron Technology Co., Ltd. is involved in developing, manufacturing and providing customized installation of valves and pipe parts for the clean industries such as pharmaceutical, biological, food, and beverages. The Company’s products are Diaphragm Valves, Angle Seat Valves, Sanitary Liquid-Ring Pumps, Clean-in-Place Return Pump, Sanitary Ball Valves and Sanitary Pipe Fittings.
OrganiGram Holdings (OGI)
The second penny stock to watch this month is pot stock OrganiGram Holdings Inc. This cannabis stock performed big progress after it won a slope from a leading brokerage. Last Thursday an analyst at Oppenheimer had placed a rating of ‘perform’. And here is its annual reports.
Can OrganiGram profit on cannabis market growth? We can recognize a good chance for the company’s future.
OrganiGram is equipped to produce almost 90,000 kilograms of cannabis per year. The company plans to expand its production to 113,000 kilograms per year by the end of this year. That will rank OrganiGram in the top 10 Canadian cannabis producers.
OrganiGram is one of four Canadian cannabis producers that has supply agreements with all of Canada’s regions. Also, this company is well-positioned for the cannabis derivatives market and new partnerships are coming with Pax Labs and Feather Company.
Trinity Biotech plc (TRIB)
Why Trinity Biotech plc? Trinity Biotech is a small company with a market capitalization of US$28m. Maybe it is unfamiliar to most investors.
Trinity’s new HIV screening product under name Trin-Screen will be introduced to the World Health Organization at the end of the year. Trinity Biotech stock is cheap right now it is at $1.42.
It could be a high increase in stock value. In order to fully understand TRIB here are some data.
Trinity Biotech was founded in 1992. Its main aim was to become a leader in the diagnostics market. Today Trinity Biotech has an awesome portfolio of over 400 products. Specializing in the development, manufacture, and marketing of diagnostic test kits, Trinity Biotech’s continued success is based on the fact that as a company it consistently achieves standards of excellence in the quality of all it does.
Its test kits are used to detect infectious diseases, autoimmune, cardiac arrest, hemoglobin disorders, and detect and control diabetes.
It is quoted on the NASDAQ exchange. Sells products in Europe and America, in more than 110 countries.
A penny stock is a normal share of a small public company that is traded at a lower price. In the US, penny stocks are traded at a price less than $5, in the UK, penny stocks are the stocks that are valued under £1.
If you want to trade penny stocks set a strong stop loss. Investing in penny stocks can be highly profitable but risky too.
We can assume the more volatility in the markets, especially among the penny stocks, soon. So, it is possible to see a wild ride. May the force be with you!