Why penny stocks to buy right now are a good investment during a recession? Well, the prices of penny stocks of creditable companies go up almost everyday, thereby earning you a profit of almost 50% over the market price of the stock Also going for stocks which are bought and sold in great volumes is a good strategy since the bulk trade indicates a rise in the prices and a chance of a good financial return. Always observe the fine print of the company's statements-if you fail to notice the dark side of the moon, you might incur more loss than you gain.
So where do you buy them? If you are a U.S. investor, you can three options - (1) buy Canadian company listed in pink sheets, (2) open an account with a Canadian broker or (3) open an account with a US broker that has access to Canadian securities. These options boil do whether you use a broker or do it yourself. In the case of option (1), Pink sheets LLC publishes daily a listing of companies that are available through them. Also, the broker through which you buy penny stocks free list might be able to provide additional research services but due diligence is still necessary.
Or why not take a moment or two out of your busy schedule and collect all those unused coins in your purse, wallet, piggy banks or jars? Believe it or not, those pennies do add up to some serious coin! You could invest them in a few penny stock quotes or haul them to the bank. Even if the cool cash only adds up to a few bucks, why not donate the money to a food bank, favorite charity or your local Humane Society ? It’s a great way to clean up the clutter and give at the same time!
Cleantech Transit, Inc. (CLNO) is surely a hot top penny stock for 2013. The company has increased +14,900.00% YTD. Founded in 2006, CLNO (Las Vegas, Nevada) has shifted its focus several times. Starting out in mining the company was unable to find any profitable gold and silver mines. In 2010, CLNO shifted its focus to green energy when it acquired a 40% interest in Ortigalita Power Company, LLC. After being unable to secure enough funding to make the powerplant profitable the company chose to write-off its investment in Ortigalita Power Company. CLNO is now focusing renewable energy. Key Financial Statistics
You get the idea, and hopefully you can understand why I thinkthese are great penny stock symbols to buy now. So without any furtherado, here's the list of my 12 favorite penny stocks as of thisweek. Each penny stock trades for less than $2, and with theexception of Sirius XM has a market cap of under $400 million. Symbol Company Name Sector Market Cap ( M ) Rating AEZS AEterna Zentaris Inc. Biotechnology $111.0 B - Buy AIS Antares Pharma Inc. Health Care Equipment $124.3 A - Strong Buy ACLS Axcelis Technologies Inc. Semiconductors $201.9 B - Buy IMOS ChipMOS Technologies Semiconductors $137.4 A - Strong Buy CRXX CombinatoRx Inc.
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