Though certain ads on YouTube videos will tell you that there’s a secret to getting rich through investing in the stock market, unfortunately, there is no secret. There’s a method to the madness. It truly depends on innumerable factors. Having said that, investors looking to maximize their gains should consider looking into investing in penny stocks.
You may be wondering what is a penny stock, exactly? Well, a penny stock represents a company with small market capitalization and a per share price of under $5. More often shares of these companies cost pennies on the dollar, hence the name “penny stocks.”
When buying penny stocks, it’s important to understand that these companies are incredibly volatile because of their market caps and the relative size of their operations. Though much of the penny stock game is speculative, we’ve noticed a few companies that investors are taking note of in April.
OncoSec Medical Incorporated (ONCS)
OncoSec Medical Inc (ONCS Chart) is a company working to develop novel cancer immunotherapies for the healthcare sector. Earlier this week, the Company presented pre-clinical data highlighting its novel anti-tumor product candidate, SPARK™, and its improved electroporation generator, “APOLLO™.” This was during a poster presentation at the 2019 American Association for Cancer Research (AACR) Annual Meeting in Atlanta, Georgia.
Based on the details of their announcement, the Company’s research lab discovered complimentary anti-tumor immunological pathways related to IL-12 derived from samples of previously treated TAVO patients. These discoveries resulted in the selection of two new genes, CXCL9 and aCD3 (expressing membrane-bound anti-CD3), to further drive a now enhanced version of IL-12, utilizing P2A in place IRES (TAVOPLUS).
Eastman Kodak Company (KODK)
When speaking about potentially lucrative penny stocks, we can’t help but mention the prowess of Kodak because of a few factors. Over the course of 2018, the Company saw revenues of $1.3 billion, a significant improvement from years past. In 2018, the Company entered into a definitive agreement to sell its Flexographic Packaging Division. The buyer was Montagu Private Equity LLP, a leading private equity firm. FPD is presented within discontinued operations.
Most noteworthy, Kodak’s (KODK) shares have climbed from $3.03 to nearly $3.80 per share within the last few months. The Company was associated with manufacturing film for photographic purposes. They now build commercial printing software, electronic displays, and other technologies.
These Penny Stocks Are Heating Up!
It’s almost shocking that people have yet to understand the potential of investing in penny stocks. These extremely low prices allow an investor to own thousands of shares for little to no capital. This month, we’ve been paying attention to Ur-Energy Inc (URG), Groupon Inc (GRPN), J.C. Penney Company Inc (JCP) and Sears Holding Corporation (SHLDQ).
For a number of reasons, each company listed above represents a penny stock worth paying attention to.