Some investors regard Penny stocks as the proverbial golden eggs, while others choose to stay far from them. Penny stocks offer under $1 per share investment opportunities, thus investors can get more shares. Therefore, attaining more money with cheaper tickers.
Penny stocks’ opposing parties argue that despite the attractive price, there must be reasons why shares are trading at such low levels. Such as insurmountable headwinds or weak fundamentals. Meanwhile, Wall Street analysts issue that though not all penny stocks will reach great heights, some of them have a high potential to gain.
Experts Recommend Three Penny Stocks as “Strong-Buy”
Auryn Resources, Inc. specializes in metal mining and exploration. It has seven projects currently. The price is $1.27 per share so far. If the company meets the target, shares could gain 57% in a twelve-month climb at $2 expense. Heiko Ihle of H.C. Wainwright advises joining the stock before it hits high.
Great Panther Mining owns Gold mines and Silver mines. Its primary focus is intermediate Gold and Silver mining and exploration. The management announced that due to the company’s increased cash balance, they could move forward with the technical review at Tucano, which is aimed to bring the UCS pit back into production in 2021.
Roth Capital’s Jake Sekelsky thinks that shares could gain 67% in the next twelve months. Selling at only $0.60 per share, Great Panther Mining is a good opportunity for investors.
Lineage Cell Therapeutics is a biotech, which uses its proprietary cell-based therapy platform to develop specialized human cells. These cells can potentially help defend the body against cancer, as well as other diseases or injuries. The recent data shows that the company has excellent growth potential.
Dawson James analyst thinks that the company’s macular degeneration project is a multi-billion dollar market opportunity. According to Kolbert, at the $6 price target, the potential twelve-month gain can be a whole 641%. For now, the company sells $0.81 per share.
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