Insider Monkey has compiled a list of the 10 best penny stocks to buy, as recommended by the media. Penny stocks are low-priced stocks that are typically traded for less than $5 per share. While they can be risky investments, they also have the potential for high returns.
1. **Acasti Pharma Inc. (NASDAQ:ACST)** – This biopharmaceutical company focuses on the research and development of prescription drugs.
2. **Aurora Cannabis Inc. (NYSE:ACB)** – Aurora Cannabis is a Canadian cannabis company that produces and distributes medical marijuana products.
3. **Aytu BioScience Inc. (NASDAQ:AYTU)** – Aytu BioScience is a specialty pharmaceutical company that focuses on developing and commercializing novel products in the field of urology.
4. **Genius Brands International Inc. (NASDAQ:GNUS)** – Genius Brands International is a children’s media company that creates and licenses animated content.
5. **Heat Biologics Inc. (NASDAQ:HTBX)** – Heat Biologics is a biopharmaceutical company that develops immunotherapies for the treatment of cancer.
6. **Inovio Pharmaceuticals Inc. (NASDAQ:INO)** – Inovio Pharmaceuticals is a biotechnology company that focuses on the development of DNA-based immunotherapies.
7. **Nio Inc. (NYSE:NIO)** – Nio is a Chinese electric vehicle manufacturer that designs and produces electric cars.
8. **Sorrento Therapeutics Inc. (NASDAQ:SRNE)** – Sorrento Therapeutics is a biopharmaceutical company that develops and commercializes therapies for cancer and other diseases.
9. **Tilray Inc. (NASDAQ:TLRY)** – Tilray is a Canadian pharmaceutical and cannabis company that produces medical cannabis products.
10. **Zomedica Pharmaceuticals Corp. (NYSE American:ZOM)** – Zomedica Pharmaceuticals is a veterinary pharmaceutical company that develops products for companion animals.
These penny stocks have caught the attention of the media for their potential for growth and strong performance in the market. As with any investment, it is important to do thorough research and consider the risks before investing in penny stocks.