Investing In Penny Stocks Can Often Prove To Be A Highly Lucrative Strategy For Any Investor. Are These The 3 Best Penny Stocks to Buy In September 2019?
Penny stocks trade at levels below $5 most of the time and it is possible for an investor to buy a large number of shares at one time. Therefore, even if there is a small upward move, the investor stands to make a significant profit.
Herein lies the attraction of penny stocks. However, you need to keep a close eye on the market in order to know which penny stocks to buy. Here is a look at three penny stocks that could end up on your watchlist this month.
Best Penny Stocks To Buy Or Sell #1 OrganiGram Holdings (OGI)
The first penny stock to watch is pot stock OrganiGram Holdings Inc (OGI Stock Report). The marijuana stock made a big move on Thursday after it received an upgrade from a leading brokerage. On Thursday it emerged that an analyst at Oppenheimer had initiated research coverage on the OrganiGram stock and had placed a rating of ‘perform’.
Considering the downturn that the sector has experienced over the past few months, it is a welcome boost for the OGI stock. The marijuana penny stock climbed by as much as 10.5%. The analyst stated that OrganiGram is one of the few cannabis firms in Canada to have been able to generate positive EBIDTA over the past few quarters and that makes it an attractive stock.
Best Penny Stocks To Buy Or Sell #2 Hebron Technology (HEBT)
The other penny stock that has made tremendous gains this year is Hebron Technology Co Ltd (HEBT Stock Report). On Thursday it gained another 10% as investors kept piling into it. HEBT stock has gained a mammoth 400% in 2019 so far.
The company is involved in providing infrastructural products like pipe fittings and valves to the pharmaceutical sector in China. It works through a host of subsidiaries. Hebron also offers its services to the food, beverage and associated ‘clean’ industries. Will the rally end or is this a penny stock to buy now?
Best Penny Stocks To Buy Or Sell #3 Moneygram (MGI)
Last but not least, money transfer giant Moneygram International Inc (OGI Stock Report) has been on a roll this year. Since August, MGI stock has gained considerably. Thanks to a mix of sector momentum and big news, MGI has become a penny stock to watch during the second half of 2019.
Last week that company announced that it had entered into a partnership with Vietnam’s HD Bank. This will allow MoneyGram to provide doorstep delivery of money to the recipients in Vietnam. It is a significant development and one that has stoked the optimism around the stock considerably. Since the end of May, shares of MGI stock have jumped from $1.33 to highs of $4.85 this week.