Penny Stocks to Buy

Penny stocks are low-priced, small-cap stocks considered to be a speculative investment. The hunt to find the best penny stocks to buy can be complicated at times. However, the best part about them today is that there are plenty to choose from. Penny stocks range in price between $0.0001 and $5.00, which means with just a little investment, you can benefit a lot from investing in these stocks. They provide a unique high-risk, high reward investment opportunity. Penny stocks can be incredibly lucrative, and you can reap the rewards very quickly.
Most advisers agree that they should only account for a very small percentage of your overall financial portfolio. Let’s take a look at some of the penny stocks to buy, but again make sure you do your own research on each of these stocks before making a decision.

1. Daré Bioscience, Inc. (DARE)

Dare Bioscience, Inc., a clinical-stage biopharmaceutical company, focuses on developing and marketing products for women’s health in the United States. The company develops therapies in the areas of contraception, fertility, and sexual and vaginal health. DARE is currently trading at a $1.79, with a 52 week low of $1.1 and a 52 week high of $3.85. They have a Market Cap of $137.11 million. The company showed a 20% growth in its market price in the last month and over 35% in the last 6 months. Analysts have given it a rating of 2, which is a buy. Despite its ups and , we must understand that DARE is a growing stock as the analysts have estimated which is quite promising.

2. Denison Mines Corporation (DNN)

Denison Mines Corp. operates as a uranium exploration and development company in Canada. DNN is currently trading at $1.63, with a 52 week low of $0.36 and a 52 week high of $2.14. However, analysts expect it to grow up to $2.39 in the near future. They have a Market Cap of $1.31 billion. Uranium mining penny stocks have just been absolute beastly during 2021. After a decade-long bear market for uranium following the Fukushima disaster, some investors are betting on nuclear energy emerging as the best and most viable alternative to fossil fuels. Analysts have given DNN a rating of 2.2, meaning it’s a buy. If you’ve been looking for a low-priced way to play the revival in nuclear energy, DNN could be worth your time and money.

3. ION Geophysical Corporation (IO)

ION Geophysical Corporation: ION Geophysical Corporation provides data-driven decision-making to offshore energy, and ports, and defense industries worldwide. The company was founded in 1968 and is headquartered in Houston, Texas. ION is currently trading at $1.75, with a 52 week low of $0.98 and a 52 week high of $5.35. They are sitting at Market Cap of $51.83 Million. Although the company’s financial performance went downhill during the pandemic, the company still remained profitable due to its asset-light nature. Their price predictions alone make IO shares very attractive. Analysts have given it a rating of 2.2, which is a buy. The stock’s average target price is $4.57, which is three times higher than the current price. In other words, analysts think it can return 224% to investors right now.

4. Invacare Corporation (IVC)

Invacare is a medical equipment company that makes products including manual and powered wheelchairs, medical beds, personal care equipment and respiratory therapy equipment. Right now, IVC is trading at $3.31, with a 52 week low of $3.25 and a 52 week high of $10.94. They have a Market Cap of $115.9 million. Invacare shares were priced significantly higher several months ago. Early in 2021, IVC stock traded above $10, but it dropped highly because of supply chain issues like other firms at present.
However, companies like Invacare are expecting to rebound now that the severity of Covid-19 pandemic has lessened. Analysts’ average price target for this company is $9 which is 200% higher than the current trading price. They have rated it a 2, meaning it’s a buy. So this stock is clearly a rebound bet, expected to make a high market yield which makes it very attractive.

5. Team Inc. (TISI)

Headquartered in Sugar Land, Texas, Team Inc. is a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions. Team Inc. not only works on oil business, but also is involved in power and manufacturing, aerospace, pulp and paper as well as other industries. The company is currently trading at $1.38, with a 52 week low of $1.3 and a 52 week high of $13.84. TISI has a Market Cap of $42.75 million. TISI stock has the potential to climb more than 600% in price according to analysts with coverage. They’ve given it an average target price of $13 and a rating of 2, meaning it’s a buy.

During the company’s third quarter results publication, the company showed a consolidated net loss of $91.2 million. But the unfortunate turn of events didn’t stop Amerino Gatti (Team’s Chairman and Chief Executive Officer) from mentioning the company’s future plans. He stated that despite the uneven economic recovery, they continue to further diversify their revenue into new markets, geographic regions and multiple end markets and expect to benefit from a robust industry over the next several years.

6. Gold Resource Corporation (GORO)

Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc deposits. GORO is trading at $1.93, with a 52 week low of $1.55 and a 52 week high of $3.78.They have a Market Cap of $143.94 million. The company even pays a dividend of 2.07%. Analysts rate GORO a 2, meaning it’s a buy. Gold Resource Corporation (GORO) was up 17% over the past month. GORO also showed a strongly recovering sales and earnings per share (EPS) in the most recent quarter, showing far more potential gains ahead.

The company also recently declared its quarterly dividend of one cent ($0.01) per common share for the fourth quarter of 2021 payable on December 29, 2021, to shareholders.

7. Charles & Colvard, Ltd. (CTHR)

Charles & Colvard, Ltd. is an American jewelry company founded in 1995 that manufactures, markets, and distributes jewels, lab grown diamonds and finished jewelry through, third-party online marketplaces, drop-ship, and other e-commerce outlets. CTHR is currently trading at $3.06, with a 52 week low of $1.15 and a 52 week high of $3.66. They have a market cap of $93.07 million. The company also showed an increment of 34% in the total revenue in 2021 ($39,236) compared to 2020 ($29,189). The gross profit also rose by a whopping 130% in 2021 compared to the previous year. Analysts estimate that the stock price will reach $4 which is 30% higher than the current one. They also give it a rating of 2 that implies that their stock is a buy.

8. DIRTT Environmental Solutions Ltd. (DRTT)

DIRTT Environmental Solutions Ltd. designs, manufactures, and installs prefabricated interior solutions for use primarily in commercial spaces across various industries and businesses in the United States, Canada, internationally. DRTT is currently trading at $2.48, with a 52 week low of $1.9 and a 52 week high of $4.95. They possess a Market Cap of $211.63 million. The company is quite volatile, representing a Beta of 2.17. However, with profit expected to grow by 97% over the next couple of years, the future seems bright for DIRTT Environmental Solutions. It looks like higher income is on the cards for the stock, which should feed into a better share valuation. Analysts have predicted it go as high as $3.30 which is 33% higher than the current price. This means it would be a good reason to enter the market while the price is low to grab more benefit.