- Poll of the Day
These 10 biotech and health care penny stocks to buy are your best way to tap into the potential of the healthcare sector. Read More
The penny stocks on this list have shown spectacular performance and should continue to deliver outsized gains. Read More
These little stocks have the ability to deliver some spectacular gains when the bull picks up steam again. Read More
Gold prices and gold stocks have been on a parabolic rise, with the metal hitting record highs almost every day. I expect the long-term bull market in precious metals to continue, because commodities represent one of the best investments in a weak U.S. dollar environment. And one of the best ways for aggressive traders to leverage this could be with penny stocks. Now, the stocks on this list might not be what you would consider "true penny stocks." But micro-cap pink sheet or OTC stocks that cost only a few cents per share are incredibly risky investments, which we do not advocate. That said, I've put together a list of exploration-stage companies and junior miners that offer the best opportunities. Here are four gold penny stocks to buy now:
Midway Gold Corp. (MDW)Exploration-stage company Midway Gold Corp. (AMEX: MDW) acquires, explores and develops gold and silver mineral projects in North America. In the past 12 months, MDW has posted extraordinary gains of 197%, compared to gains of about 10% for the broader market indices. Year to date, MDW has watched its stock value increase 118%. This penny stock is trading fairly close to its 52-week high of $2.39, and is a very affordable addition to your portfolio.
Gold Reserve Inc. (GRZ)Another exploration-stage company making our penny stock list is Gold Reserve Inc. (AMEX: GRZ). GRZ acquires, explores and develops mining projects in South America. Over the past six months, GRZ has increased its stock value 28%. Looking longer term, GRZ has gained 53% in the past year. This penny stock has a 52-week range of 68 cents to $1.92, and is currently trading at the higher end of that range.
Kimber Resources Inc. (KBX)Based in Canada, junior mineral resource company Kimber Resources Inc. (AMEX: KBX) engages in the acquisition, exploration and development of mineral resource properties, primarily gold and silver deposits in Mexico. Currently, this exploration-stage company is trading on the higher end of its 52-week range of 60 cents to $2.17. Even after pulling back over the last few days, this penny stock is up almost 17% year to date, and 59% in the past 12 months. If you're looking to add a penny stock to your portfolio, this little mining stock has the ability to bring quick gains your way.
Great Basin Gold Ltd. (GBG)The last penny stock on our list, Great Basin Gold Ltd. (AMEX: GBG), focuses on the acquisition, exploration, development and trial mining of precious metal deposits. In the past three months, this stock has climbed 5%, and it is up 46% in the last 12 months. GBG is now trading right in the middle of its 52-week range of $1.56 to $3.32. Buy this penny stock now before it heads back up. Read More
You have the chance to turn your spare change into a small fortune with the penny stocks on this list. Read More
The hottest biotech penny stocks right now include these four investments - Zalicus ZLCS, Aeterna Zentaris AEZS, Dynavax DVAX and YM Biosciences YMI. Read More
The hottest penny stocks to buy right now are in the tech sector, including Sirius XM SIRI, ICO Global ICOG and more. Read More