Best Penny Stocks to Buy in 2022

 

While they are not favorable for people looking for stocks with low risks, penny stocks are quite popular among daring investors looking to make good profit in a short time. This is because penny stocks are highly volatile but yield enormous rewards. They give an opportunity to earn massive profits from small invested capital.

The majority of penny stocks belong to the biotech, energy, pharmaceutical and technology industries. If you’re interested in investing in these highly volatile yet highly rewarding stocks, below is a list of the three top penny stocks today.

#1 Ur-Energy Inc.  (NYSE: URG)

Ur-Energy is a Colorado-based uranium producer. As mentioned on its website, it specializes in the procurement, exploration, treatment and operation of uranium minerals. Since 2013, its flagship project named Lost Creek has produced over 2.7million pounds of yellow cake uranium. It is the lowest-cost uranium producer in North America.

Market Cap $351.85 million

Share Price $1.58

#2 Sesen Bio (NASDAQ: SESN)

 One of the popular penny stocks among investors include companies from the clinical healthcare industry. Sesen Bio is a company that provides targeted fusion protein therapeutics to cancer patients. With their flagship medicine called Vicinium, the company hopes to change the treatment process for patients diagnosed with high-grade, non-muscle invasive bladder cancer. With preparations going on, the company will soon resubmit a biologics license application to the FDA for their novel product.   

Market Cap 91.47 million

Share Price $0.47

 #3 Bolt Biotherapeutics (NASDAQ: BOLT)

Founded in 2015 by Dr. Edgar G. Engleman of Stanford University, Bolt Biotherapeutics is a clinical-stage immuno-oncology company renowned for their tumor-targeted therapies. Their therapeutic treatment uses the innate adaptability of the immune system to cure the medical condition. In the medical community, the company is most well-known for its immune-stimulating antibody conjugate which uses immuno stimulants that stimulate myeloid cells to destroy tumor cells

Market Cap $73.06 million

Share Price $2.02

Conclusion

Investing in penny stocks is a good alternative if you do not have capital to buy and invest in bigger stocks. As volatile as they are, penny stocks present opportunities to gain huge profits to investors. If you’re planning to make an investment, the companies mentioned above are the top penny stocks that look most promising currently. To learn more about the latest trends in stocks and investment, visit Microcaps.

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