Top Penny Stocks: The Now Corporation (NWPN)
YTD Performance: 19,900%
52-Week Range: $0.0005 to $0.15
Average Volume (3 months): 24,157
Market Cap: $3.1 million
First on our list of top penny stocks is The Now Corporation (NWPN). NWPN used to be a marketing company, doing business primarily through a website called Itzyourmall.com. Click on the link and you’ll see that the site is gone and the domain is for sale.
That’s because — as of March — NWPN is now in the oil and gas exploration business. Heck, NWPN stock has changed names and businesses at least four times in the last ten years. Penny stocks are weird like that.
More worrisome is that NWPN hasn’t filed a quarterly report since 2008. An S-1 Registration is in the works. Then there’s the fact that the percent gain in the stock masks the reality of the actual profit you could have made off the move.
As with many penny stocks, the NWPN float — or shares available to trade — comes to 5 million, according to company documents. That puts the maximum theoretical pretax profit at at $747,500 (assuming you received every available share for free and sold at the top of 15 cents a share.)
Sure, that would be an amazing gain — except that it’s unattainable for this and many penny stocks. Apart from the facts that you don’t get shares for free and you’re extremely unlikely to sell at the top even in a fair and liquid market, that trade just never could have happened because there is no liquidity in this penny stock.
Most days, NWPN doesn’t trade a single share. You want to buy? Good luck finding a seller at the price you want. Need to cash out? Hah. Good luck finding a buyer. That’s why penny stocks are so dangerous.