Should you buy penny stocks?
While most market experts advise their clients away from penny stocks to buy (for good reason, let’s be honest), many folks can’t resist scratching that itch. I get it. Having speculated myself in the wild cryptocurrency sector, I own firsthand experience of the pain and rare joys of gambling.
What are penny stocks and low-volume stocks?
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators.
Is WCRS a good penny stock to buy?
To be fair, WCRS ranks among the more speculative names among penny stocks to consider. Since the January opener, WCRS dropped over 39% of its equity value. In the trailing month, it’s also down more than 8%.
Is Puregold (pgcmf) a good penny stock to buy?
So long as we avoid apocalyptic scenarios, PGCMF could make for an interesting wager among speculative penny stocks. For instance, shares trade at only 8 times forward earnings (compared to the sector median of 13.6 times). As well, Puregold enjoys a relatively stable balance sheet.
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