Robinhood, the popular commission-free trading platform, offers a wide range of investment opportunities, including penny stocks. These stocks, which typically trade for less than $5 per share, can be appealing to investors looking for potential high returns. Here are 6 top penny stocks currently available on Robinhood:
1. Castor Maritime Inc. (CTRM): This shipping company’s stock has been gaining momentum recently, as the global economy continues to recover.
2. Sundial Growers Inc. (SNDL): As a cannabis company, Sundial has been benefiting from the growing acceptance of marijuana legalization in various states.
3. Ocugen Inc. (OCGN): With the company’s focus on developing gene therapies for eye diseases, Ocugen has been attracting attention from investors interested in the biotech sector.
4. Zomedica Corp. (ZOM): Zomedica is a veterinary health company that has been making strides in developing innovative products for animal healthcare.
5. Naked Brand Group Ltd. (NAKD): This retail company has been making moves to reshape its business model, which has led to increased interest from investors.
6. Jaguar Health Inc. (JAGX): Jaguar Health is a pharmaceutical company that focuses on developing treatments for gastrointestinal disorders, making it a promising stock in the healthcare sector.
Keep in mind that investing in penny stocks can be risky, as they are often more volatile and less regulated than larger companies. It’s important to do thorough research and consider your risk tolerance before investing in any penny stock.