Penny stocks are amongst the dearest amongst the investors with the low budget. The truth be told, we love penny stocks because they usually cost you less than $5 per share. However, these stocks represent high-risk-high-reward deals. This means that you can see sizable gains but also significant losses in a short period.
Those who like penny stocks, here are some of the best in 2019.
Best Penny Stocks 2019 – Stocks Ready to Soar 100%+
1. Arotech Corporation (ARTX)
Arotech Corporation offers defense and security services and comes with a market cap of $84 million. Despite this modest market cap, the company operates in multiple countries and is in the same ballpark as General Electric. This is considered as one of the most valuable penny stocks in May 2019, with the year-to-date gain of 9.4%. Furthermore, their profit grew 19 cents per share in 2018. The expectations are, that it’s going to grow to 26 cents per share in 2019. This indicates that the company might be on a good way to significant growth.
2. mCig (MCIG)
mCig was once a company that produced vaporizers using marijuana. Nowadays, this company expanded to a full-scale marijuana cultivation construction company. They have a huge YTD gain of 78.2% and as of May 2019, this is the BEST marijuana penny stock. Back in 2016, their revenue was $1.72 million, in 2017, it grew to $4.78 million, and in 2018, it was $7 million. This shows us a significant growth over a period of two years. On top of that, this penny stock never traded above $1, which is a steal deal, especially with their market cap of $80 million.
3. Tuesday Morning Corporation (TUES)
Tuesday Morning Corporation currently has 724 stores across the USA. This alone tells us that it’s one of the best penny stocks at the moment. Their revenue saw a significant increase of 1.4% and the store sales rose by 1.9% in Q2 2019. The stock price in May 2019 stands at $2.25, which is excellent, and a bit suspicious deal, given the market cap of $88 million.
4. Mid-Con Energy Partners (MCEP)
MCEP is an upstream oil and natural gas producer which benefits from the higher oil prices. During the past couple of years, the company went on a seesaw in terms of revenue. As the oil prices shifted from lower to higher, their revenue fell from $96.91 million in 2014 to $56.1 million in 2016 and slightly rose in 2017. Since oil prices are currently volatile, this company can become very important if those prices increase in the future, which is speculated. Source: investorplace
