The economy is booming! That’s great news for anyone looking for investment opportunities. Yet not every newbie investor is interested in risking big money. Does this describe you? If so, penny stocks could be the perfect option!
Penny stocks are typically described as any stock priced under $5. These stocks are diamonds in the rough, and they offer investors the chance to enter the market on the ground floor without having to dig too deeply into their bank accounts.
Let’s take a look at some of the best penny stocks that you should consider investing in this year.
Find a Penny, Pick It Up: 5 of the Best Penny Stocks Worth Your Money in 2019
New year, new investments! What are the best penny stocks available in 2019? We list the top 5 that we predict to be worth your money!
1. Castle Brands (ROX)
This is an interesting stock for a number of reasons. Castle Brands owns several brands that are certainly worth taking a look at. Their portfolio of whiskey brands was up 20% in 2018, as the popularity of their dark rum, ginger beer, and Jefferson bourbon brand continued to grow.
It’s currently priced under a dollar, making this a great time to get in at a fair price, even though profits are still slim. The good news is that margins are increasing and revenues are up, incentivizing investors to buy.
2. Eagle Bulk Shipping Inc. (EGLE)
This company has managed to drastically reduce its losses over the past couple of years. In fact, they’d turned the ship around enough to finally post positive earning for fiscal 2018.
Much of their problems were on the operations side. The company’s financial situation looks to improve significantly going forward, making this a prime time to get onboard as the brunt of the operational hardships appear to be behind them.
Here is another resource for discovering cheap stocks on the rise.
3. Adial Pharma (ADIL)
This is a stock that has consistently set higher lows. This means that shares haven’t gone as low as the last occasion that the price was near a similar level. Many market technicians use higher lows a strong indicator of stocks to watch, especially stocks like this one that are around $2.
4. Sportsman’s Warehouse (SPWH)
This stock is barely within our $5 cutoff, yet it’s still a good value. Sportsman’s Warehouse sells a lot of firearms, and is a strong choice for investors still bullish for brick-and-mortar retail.
5. Denison Mines (DNN)
This company is located in the Athabasca Basin in northern Canada. Their focus is on leveraging the price of uranium, and as they raise more capital, we could see the stock price start to rise. So if you’re wanting to get in while it’s cheap, now is the time.
Spending a Little to Get a Lot
This list of penny stocks is a great tool for showing you the kind of great investment opportunities that are available without risking too much. The examples listed here are some of the best penny stocks around, offering you the chance to make big money down the road.
Take advantage of these cheap stocks and have fun watching your money grow!
Click here to learn whether or not bitcoin is still a good investment.
