Top Penny Stocks

Top Penny Stocks

Penny stocks are a great way to gain trading experience because of their low price and risk level, and they are a good way to get familiar with the stock market.

These types of stocks are a popular option for small investors as they have the potential for huge gains. Sometimes, investors can make gains of up to five times. Here is a list of some great penny stocks you can try today:

Savara (NASDAQ: $SVRA)

Savara is a Biopharmaceutical Company that specializes in treating respiratory illnesses. It has recently made headlines for its unique treatment approaches. The SVRA stock performance has gained 108.75% year-to-date and 190.43% in the past 12 months.

Savara reported an Earnings per share (EPS) of -$0.07 in its latest quarterly report – an improvement from the EPS of -$0.06 in the same quarter last year. Its Research and development (R&D) expense has increased significantly, as it focuses more on its molgramostim program.

A notable achievement by the company is completing the Phase 3 IMPALA-2 trial for molgramostim in treating aPAP, a rare lung disease.

The trial had 164 participants, against the target of 160, even with the COVID-19 challenges. Savara will publish the trial results by the end of Q2 2024. This is an important milestone for the company.

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GEE Group (NYSE: $JOB)

GEE Group is a training and employment firm that has emerged as one of the most promising penny stocks. Its JOB stock is up 19.79% year to date, while it is up 27.78% in the past six months.

In its most recent quarterly report, the company reported a net income of $7.876 million, nearly triple the net income of the same quarter in 2022, which was $2.633 million. That is quite an impressive performance for a penny stock.

The company also announced its plans to buy back $20 million in shares. That is another sign of a penny stock with great management. Additionally, GEE Group beat analysts’ EPS estimates, who had predicted $0.01, but delivered an EPS of $0.07. JOB is a penny stock worth considering at the current price of $ 0.58 per share.


SNDL Inc. is one of Canada’s leading private liquor and cannabis retailers. The company cultivates and processes cannabis, which it sells under the Palmetto, Top Lead, Sundial, and Grasslands brands.

Looking at its most recent fiscal Q2 2023 report, SNDL Inc. reported a net revenue of $244.5 million, an increase of 9.3% from the same quarter in 2022. With cannabis regulation being relaxed all across North America, this is a great penny stock for betting on the sector’s future.

Nordic American Tankers (NYSE: $NAT)

Nordic American Tankers is a great example of an undervalued penny stock. NAT stock has remained within the range of $3-4 for most of 2023, with analysts giving it a $4-6 range estimate.

The stock has performed quite well and is up 40.94% year-to-date. While there is no expectation of a 10x increase, it is still a great stock. The expected modest increase eliminates the chances of speculators targeting it, as it would cause massive fluctuations.

Nordic American Tankers operate Suezmax tanker ships, which are medium-sized ships for transporting crude oil. Its fleet consists of 19 such ships, one of the largest fleets in the world.

Its average time charter equivalent (TCE) for Q2 2023 stood at $39,300 per day per ship, significantly higher than the average of $20,080 in Q2 2022.

With the expected rise in energy prices, NAT stock could receive a huge boost. This stock is perfect for those looking for a great penny stock to enter the energy market.

Looking at its financials, the company is doing quite well. In H1 2023, the company posted a net income of $73.7 million against a loss of $30.9 million in the same period last year.

Analysts predict it will have a great Q3 2023, with dividend projects to yield 12%. As such, many experts consider it one of the most undervalued stocks of 2023.

In the most recent report, the company had an EPS of $0.13 against an EPS of $0.03 in the quarter last year.

Canaan (NASDAQ: $CAN)

Canaan is a Chinese tech firm whose specialty is application-specific integrated circuit (ASIC) high-performance chips. ASICs main use is in the crypto mining sector. The company produced its first ASIC chip for Bitcoin mining in 2013.

However, the crypto market collapse in 2022, following the fall of FTX, affected CAN shares. Despite this, it generated $31.7 million from its in-house mining operation.

With the crypto sector gradually recovering in 2023, the company has a projected revenue growth of 29.91% this year.

In its most recent fiscal Q2 2023 report, the company sold 6.1 million Thash/s of computing power, up 44.2% from 4.2 million Thash/s in Q1 2023.

It also reported revenues of $73.9 million, up from the $55.2 million reported in Q1 2023. EPS for Q2 was at -$0.65, up from -$0.51 in Q1, 2023.

Investing in CAN penny stock is a great way to bet on the long-term recovery of the crypto industry.

How to Buy Penny Stocks

You can buy penny stocks at most leading online brokers. However, you must pick the right broker, as some charge extremely high fees. Once you find the right broker, always conduct your due diligence.

An excellent place to start is the trading volume and liquidity of the stocks. Additionally, always examine the risk carefully, weighing the risks and potential returns.

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