When it comes to penny stocks, there are a lot of things you need to take into account. For one, you want to make sure that the company is legitimate and has a good track record.
You also want to make sure that you’re aware of the risks involved with penny stocks, and that you only invest money that you’re willing to lose.
What are penny stocks?
Penny stocks are stocks that trade for less than $5 per share. They’re typically issued by smaller, newer companies and are considered to be more volatile and risky than other types of stocks.
Penny stocks offer investors a high degree of risk and potential for reward. For example, a company that is trading at $0.50 per share could potentially double or triple in price if the company’s prospects improve.
However, there is also a great deal of risk involved with penny stocks. Many penny stock companies are not well-established and may not be around for long. Additionally, these companies may be more susceptible to fraud due to their lack of transparency.
How do you trade penny stocks?
If you’re interested in trading penny stocks, you’ll need to open an account with a broker that offers penny stock trading.
There are a few different types of brokers that offer penny stock trading, so it’s important to do your research and find one that best suits your needs.
Once you’ve opened an account, you’ll need to deposit money into it so you can start buying and selling penny stocks.
When you’re ready to buy a penny stock, you’ll need to place an order with your broker.
Be sure to specify the price you’re willing to pay and the number of shares you want to buy.
It’s also important to remember that penny stocks are often very volatile, so it’s important to set stop-loss and take-profit orders with your broker.
This will help you limit your losses and lock in profits if the stock price moves in your favor.
What to look for in penny stocks?
When you’re looking for penny stocks to trade, there are a few things you’ll want to keep in mind.
First and foremost, you’ll want to make sure that the company is legitimate and has a good track record.
You’ll also want to look at the company’s financials to get an idea of its health and prospects.
It’s also important to pay attention to the news surrounding a company, as positive news can lead to a stock price increase, while negative news can lead to a stock price decrease.
Finally, you’ll want to make sure that you’re aware of the risks involved with penny stocks before you invest any money.
Penny stocks are risky and volatile, so it’s important to only invest money that you’re willing to lose.
Methodology
In order to find the best penny stocks to watch, we looked at a variety of factors.
First and foremost, we only considered companies that are legitimate and have a good track record.
We also looked at the company’s financials to get an idea of its health and prospects.
We also paid attention to the news surrounding a company, as positive news can lead to a stock price increase, while negative news can lead to a stock price decrease.
The 10 most active penny stocks in 2022
Now that you know what penny stocks are and how to trade them, here’s a list of the 10 most active penny stocks to watch in 2022.
1. Medican Enterprises, Inc. (OTC: MDCN)
Medican Enterprises, Inc. is a publicly traded company that is best known for its work in the medical cannabis industry. The company is headquartered in Vancouver, Canada, and it is traded on the Canadian Securities Exchange under the ticker symbol “MED.” Medican Enterprises is a leading provider of medical cannabis products and services, and it is one of the best penny stocks to watch in 2022. The company’s products are used by patients suffering from a wide range of conditions, including cancer, epilepsy, and Parkinson’s disease. Medican Enterprises has a strong track record of delivering shareholder value, and it is one of the best penny stocks to invest in for 2022.
2. Icon Media Holdings Inc. (OTC: ICNM)
Icon Media Holdings Inc. is a publicly traded company that owns and operates a portfolio of online media properties. The company was founded in 2006 and is headquartered in Los Angeles, California. Icon Media Holdings Inc. is best known for its flagship property, Icon Media Group, which is a leading provider of online video content and services. In addition to Icon Media Group, the company also owns and operates several other media properties, including Penny Stocks Watchdog, a financial news website that provides information and analysis on penny stocks. Icon Media Holdings Inc. has been profitable since its inception and is one of the best penny stocks to invest in. The company’s stock price has been volatile in recent years, but it remains one of the best penny stocks to watch.
3. Paysafe Limited (NYSE: PSFE)
Paysafe Limited is a best penny stock to watch and invest in. Paysafe is a provider of digital wallets and online payments solutions. The company operates in three segments: Payment Processing, Digital Wallets, and Prepaid Solutions. The Payment Processing segment offers services to merchants that enable them to accept credit, debit, and other types of payment for goods and services. The Digital Wallets segment provides consumers with a way to store, send, receive, and spend money securely online. The Prepaid Solutions segment offers prepaid cards and related products that can be used to make payments online or in-store. Paysafe has a strong product portfolio and a growing customer base. The company is well-positioned to continue its growth trajectory in the coming years.
4. Sundial Growers (Nasdaq: SNDL)
Sundial Growers is one of the best penny stocks to watch in 2022. The company is a leading producer of cannabis and hemp products, and its stock has already doubled in value this year. With a strong focus on research and development, Sundial is well positioned to continue benefiting from the growing global demand for cannabis. In addition, the company has recently partnered with Aphria, one of the largest cannabis companies in the world, which gives it access to a wider range of markets. As such, Sundial is an excellent penny stock to keep an eye on in the coming months.
5. GameStop Corp. (NYSE: GME)
GameStop Corp. is best known for its video game retail stores, but the company has been in the news recently for its stock price. GameStop’s share price has skyrocketed in recent months, making it one of the best penny stocks to watch. The surge in GameStop’s stock price is due to a variety of factors, including the popularity of its new loyalty program and positive earnings reports. However, some analysts are concerned that the stock is overvalued and that the company may not be able to continue its recent growth. Nonetheless, GameStop remains an intriguing penny stock to invest in, and only time will tell if the company’s impressive run can continue.
6. Polar Power Inc. (NASDAQ: POLA)
Polar Power Inc. (NASDAQ:POLA) is one of the best penny stocks to watch in 2022. The company has developed a unique power generation technology that is less expensive and more efficient than traditional diesel generators. Polar Power’s technology is based on a fuel cell that uses methanol as a fuel. The company’s products are used in a variety of applications, including backup power, telecommunication, and military. Polar Power also has a strong patent portfolio, which provides the company with an additional barrier to entry. In addition, the company’s products are backed by several major corporations, including General Electric and Verizon. While Polar Power’s stock may be volatile in the short-term, the company’s long-term prospects appear to be very bright. As such, Polar Power is definitely one of the penny stocks to invest in for 2022.
7. Ocean Power Technologies (NYSE: OPTT)
Ocean Power Technologies is a leading wave energy company that has developed a patented technology called the PowerBuoy. The PowerBuoy is able to generate renewable energy from wave power, and has the potential to provide a cost-effective and environmentally-friendly source of electricity. Ocean Power Technologies is listed on the Nasdaq, and its shares have been trading at around $2.50 per share. Despite its relatively low share price, Ocean Power Technologies is considered to be one of the best penny stocks to watch in 2022. This is because the company’s PowerBuoy technology has the potential to disrupt the renewable energy market, and its share price could rise significantly if the technology is commercialized successfully. Ocean Power Technologies is therefore a penny stock that is worth watching closely in 2022.
8. VivoPower International (NASDAQ: VVPR)
VivoPower International is a global provider of energy solutions. The company designs, manufactures, and installs solar PV systems, as well as provides energy storage solutions. VivoPower also has a strong presence in the electric vehicle market, with its subsidiary VivoEnergy powering a fleet of over 200,000 electric vehicles in Africa. In addition, VivoPower has a joint venture with BMW to develop and deploy solar carports in the United States. VivoPower’s shares have been trading at around $2.50, and the company is considered to be one of the best penny stocks to watch in 2020. This is because VivoPower is well-positioned to benefit from the growing global demand for renewable energy.
9. PEDEVCO Corp. (NYSE: PED)
Founded in 2008, PEDEVCO Corp. is a leading oil and gas exploration and production company with a focus on domestic energy resources. The company’s strategy is to build a portfolio of high-quality assets through a combination of mergers, acquisitions, and organic growth. PEDEVCO’s management team has a proven track record of success in the industry, and the company is well-positioned to continue its growth trajectory in the years to come. Thanks to its strong financial position and experienced management team, PEDEVCO is one of the best penny stocks to watch in 2022.
10. Riot Blockchain (NASDAQ: RIOT)
Riot Blockchain is one of the best penny stocks to watch in 2022. The company has a strong focus on blockchain technology and has already made significant progress in the development of its own blockchain platform. In addition, Riot Blockchain has partnered with some of the leading companies in the blockchain space, including Microsoft and IBM. As a result, the company is well-positioned to take advantage of the growing blockchain industry. Moreover, with the recent introduction of its cryptocurrency exchange, Riot Blockchain is also one of the best penny stocks to invest in for those looking to get exposure to the burgeoning crypto market.
| Symbol | Company Name | Last Price | % Change | Market Time | Volume | Avg Vol (3 months) | Market Cap |
| MDCN | Medican Enterprises Inc. | $0.0001 | -99.00% | 3:52 PM EDT | $5.86M | $99.5M | $3.89M |
| ICNM | Icon Media Holdings Inc. | $0.0012 | -14.29% | 4:00 PM EDT | $100.30M | $123M | $155.35K |
| PSFE | Paysafe Limited | $1.91 | -16.23% | 4:00 PM EDT | $6.02M | $7.52M | $1.65B |
| SNDL | Sundial Growers | $0.37 | -7.15% | 3:59 PM EDT | $96.96M | $100.76M | $886.52M |
| GME | GameStop Corp. | $81.33 | -13.02% | 4:00 PM EDT | $3.78M | $87.45M | $7.14B |
| POLA | Polar Power Inc. | $1.98 | -6.16% | 4:00 PM EDT | $80.46K | $354.41K | $25.32M |
| OPTT | Ocean Power Technologies. | $0.93 | -7.76% | 4:00 PM EDT | $227.90K | $544.37K | $52.07M |
| VVPR | VivoPower International | $1.02 | -6.42% | 4:00 PM EDT | $79.95K | $143.72K | $20.99M |
| PED | PEDEVCO Corp. | $1.09 | +2.83% | 4:00 PM EDT | $629.81K | $1.31M | $93.15M |
| RIOT | Riot Blockchain | $6.84 | -9.16% | 4:00 PM EDT | $8.29M | $8.74M | $802.36M |
FAQs
What are the most popular penny stocks?
The most popular penny stocks are those that are traded on major exchanges such as the Nasdaq or NYSE. Some of the most popular penny stocks include Ocean Power Technologies, VivoPower International, and PEDEVCO Corp.
What is the most successful penny stock ever?
The most successful penny stock ever is undoubtedly Ocean Power Technologies. The company’s share price has soared from just $0.20 per share to around $2.50 per share over the past year, making it one of the best performing penny stocks on the market.
What are the best penny stocks to trade?
The best penny stocks to trade are those that are highly liquid and have strong fundamentals. Some of the best penny stocks to trade include Ocean Power Technologies, VivoPower International, and PEDEVCO Corp.
Can you get rich off penny stock trading?
Yes, it is possible to get rich off penny stock trading. However, it is important to bear in mind that penny stocks are highly speculative investments and there is a significant risk of loss. As such, you should only trade penny stocks if you are prepared to accept the risks involved.
What are the risks of penny stocks?
Penny stocks are considered to be high risk investments, so it’s important to be aware of the risks before you start trading.
Some of the risks associated with penny stocks include:
- The company may not be legitimate
- The stock price may be manipulated
- You may experience difficulty selling your shares
- The company may go bankrupt
How can you minimize the risks of penny stocks?
There are a few things you can do to minimize the risks of penny stocks, including:
- Do your research: Be sure to do your due diligence before investing in any penny stock.
- Avoid pump and dump schemes: Pump and dump schemes are when a group of people artificially inflate the price of a stock in order to sell it at a higher price.
- Diversify your portfolio: Don’t put all your eggs in one basket. Diversifying your portfolio will help to protect you from the risks of any one particular investment.
- Use stop-loss orders: A stop-loss order is an order to sell a security when it reaches a certain price. This can help to limit your losses if the stock price falls.
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