Penny stocks are volatile and can crash quickly. Many of these stocks are unstable and subject to speculation and market shifts. However, for those willing to take the risk, there are some hidden gems among the thousands of subpar penny stocks that can be a strategic investment.
Three penny stocks have shown strong performance in recent weeks and are expected to exceed market expectations. These stocks are benefiting from current market, political, technological, and economic conditions that suggest they will continue to rise in the near future.
One such penny stock is VAALCO Energy (EGY), a company in the pharmaceutical technology industry focused on treating mental health conditions. With its innovative transcranial alternating current stimulation technology, VAALCO has seen significant growth following FDA approval. The company recently obtained a patent for an Alzheimer’s deep-brain stimulation device, further solidifying its position in the market. At just over $2 per share, VAALCO Energy is a promising penny stock to consider investing in.
Overall, penny stocks can be risky but also offer potential for high returns. It is important to conduct thorough research and consider all factors before investing in any penny stock.