6 Best Performing Penny Stocks to Buy Before 2022

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Have you heard about buzz on penny stocks? You might be wondering what they are and if, in reality, they are profitable or not. Well, let’s dive deep into the topic and discuss more about them.

What Are Penny Stocks?

As you may know already, stocks are the financial equity and securities that represent the ownership of a company. When people buy stock in a company, they hold the respective percentage of ownership of the company.

The rate of stocks keeps changing since it depends on several factors. Some of these factors include changes in the company’s internal management, overall industry performance, overall performance of supplementary or complementary industries, the general direction of the market (bull or bear), inflation, deflation, economic policies, etc.

Now that we have a heads up about what stocks are, let’s look further into penny stocks. In the western market, penny stocks are considered those priced below five dollars. Just like that, stocks priced below Rs 10 are considered penny stocks in India.

Penny stocks used to be defined as any stock that traded for less than one dollar a share. The Securities and Exchange Commission (SEC) of the United States has now changed the definition to cover all shares trading for less than five dollars. The Securities and Exchange Commission (SEC) is an independent federal government body tasked with protecting investors while ensuring the fair and orderly operation of the securities markets.

By the end of this blog, you’ll be familiar with six penny stocks to buy, recommended by Timothy Sykes who is a self-made millionaire and penny stock trader.

Price Fluctuation in Penny Stocks

Penny stocks are frequently sold on the market by developing businesses with limited funds and resources. They are best suited for investors with a high-risk tolerance because they are primarily small businesses.

They also have a high chance of reward. Therefore, many investors are interested in buying them. There is also a high probability of compensation that comes along with a high rate of risk as well. Additionally, these stocks are a significant opportunity for small companies to gather public funds.

To go ahead with the discussion, let’s see six penny stocks that you should buy before the end of 2021.

1. Allied Energy Inc. (OTCPK: AGGI)

Allied Energy Inc. is a shell corporation that was previously an independent company involved in the oil and gas industry. Their projects are located all across the US including in Texas, Colorado, Washington, and Ohio.

2. ISW Holdings Inc. (OTCPK: ISWH)

“A diversified portfolio company,” ISW Holdings describes itself. However, bitcoin mining is the main focus right now. The firm informed shareholders on September 2^nd of its plans to change its name to BlockQuarry Corp. It struck a deal with Bitmain Technologies a few weeks ago to host 56,000 miners. At the H.C. Wainwright Global Investment Conference, the corporation will also give a presentation. So, it would be helpful to research it further if you’re interested in these penny stocks.

3. Kasten Inc. (OTCPK: KAST)

Kasten Inc. is a fictitious business. On OTCMarkets, it recently regained Pink Current status.

After becoming current, plays like KAST have been running, especially with rumors of a merger. However, KAST took a step further and added to its profile that the company is actively seeking for a merger candidate.

4. GameStop Corp. (NYSE: GME)

GameStop is a video game, consumer electronics, and gaming merchandise retailer based in the United States. However, as video games shift online, GME’s business has dwindled. Furthermore, that didn’t stop retail traders from driving up the price of this stock. Moreover, these penny stocks could be a great opportunity as well.

5. Riot Blockchain (NASDAQ: RIOT)

RIOT penny stocks are a US based bitcoin mining company. It follows the same general patterns as Bitcoin (BTC). Over 2021 its stock traded as low as 51 cents. This is another great penny stock to consider investing into.

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6. Sundial Growers (NASDAQ: SNDL)

SNDL is a medical and recreational marijuana producer and distributor. Current research shows cannabis has been a prevalent issue this year, with reports indicating that nationwide legalization is underway.

Final Thoughts

So, penny stocks can be a risky investment however, it is also true that it has high chances of rewarding back. For a new investor, these are a few great stocks to get started with. Be smart, do your research, and invest wisely!

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