A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.
Buying Canadian penny stocks can lead to a big payday when you make the right choice. But the odds against success are high. Penny stocks are almost always involved in riskier ventures, such as finding mineral deposits that can be mined at a profit, commercializing unproven technologies or launching new software.
What’s more, it’s hard for any new company to grow into a profitable business, and it’s even harder in pioneering fields. But it’s relatively easy to launch a stock promotion that purports to have answers to social problems or ways to profit from emerging technologies.
That’s why penny stock promotions are always more common than legitimate start-ups. Penny stock promoters love to make deals—however indirect—with major, household name companies. They find it far, far easier to sell stock to the public if Goldcorp, BHP Billiton or some other major mining company has agreed to look at possibly financing exploration of their mining claims, or if Apple or Intel or some other household-name multinational has agreed to make them a “channel partner” and perhaps someday sell their revolutionary software or “cloud” application. The link with a major gives them instant credibility, especially with investors who are willing to buy penny stocks.
In fact, when a penny stock shoots up on the news of big-company involvement, and the property/program/revolutionary software is still in the early stages of development, it’s often a good time to sell.
There’s room for penny stocks in your portfolio, but at TSI Network we recommend our three-part Successful Investor strategy for the bulk of your portfolio:
1- Invest mainly in well-established, mostly dividend-paying companies;
2- Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities);
3- Downplay or avoid stocks in the broker/media limelight.
Don’t buy a single penny stock until you read this FREE Special Report, TSX Penny Stocks: Hot Canadian Penny Stocks and How to Invest in Penny Stocks in Canada.
This Canadian penny stock has a unique niche. Holding a library of seismic-survey data that helps determine ideal drilling areas and the depth of reservoirs, it licenses that data to clients, mostly oil and gas firms. While the dividend was suspended to preserve cash in… Read More
Canadian penny stocks can be riskier than other investments, and if investors aren’t careful, early success can actually lead to a big loss.
The appeal of Canadian penny stocks is no different in July 2017 than it was in July 2007: Investors are looking to add to the… Read More
Finding out what old stock certificates are actually worth can be disappointing to say the least. Here is some stock market advice to make sure you never hold a worthless stock certificate.
Recently, one of our Inner Circle members asked for stock market advice about a.. Read More
Although attractive to aggressive investors, there are many good reasons to sell penny stocks before you lose money
Some investors think the best way to profit in stocks is to buy them when they are just barely starting out on a growth phase they hope will… Read More
Canadian bus manufacturer Grande West Transportation Group has rising sales thanks to a big contract with BC Transit and it recently signed a new deal with a major U.S. bus manufacturer in Atlanta. This penny stock faces an uphill climb in a highly competitive business,… Read More
Pat McKeough recently replied to a question from an Inner Circle Member regarding a Canadian maker of transportable hydrogen generators. DynaCERT focuses on increased fuel efficiency in both heavy vehicles and stationary power generation units. And it sold over 700 units in the first quarter… Read More
This Canadian junior spends heavily on the development of a special oil extraction technique. While it has paid down its bank debt, outstanding convertible debentures could put a strain on the company’s ability to extend exploration and development.
ZARGON OIL & GAS (symbol ZAR on Toronto;… Read More
Don’t buy stocks that are hyped too much, but also be aware that negative predictions rarely come true
When investment-related ideas find their way into the broker/media limelight, the focus can shift. Rather than seemingly good reasons to buy a particular stock, brokers and the media… Read More
Some penny stocks may look promising to penny stock investors, but they need to know how to spot the winners
Investors often try to improve their investment returns by delving into high-risk and/or high-fee investment areas such as specialized investment products, options, penny stocks and so… Read More
A Member of our Inner Circle recently wanted to know if OBL is really a new and better gasoline—and also referred to it as the ‘white gold’ found in the Andres and North America. Pat replied that the fuel involved is actually lithium and that… Read More
Pat McKeough recently replied to an Inner Circle member interested in this company, which offers detailed images of earth from outer space. While UrtheCast’s revenue has jumped, says Pat, it remains dependent on a specific pool of clients.
Q: Hello Pat and team: I would be… Read More
Penny stock brokers can give you tips – some of which can be harmful to your investment career
Most stock brokers are commissioned sales people who make investment recommendations that you can accept or reject, and penny stock brokers are no different. There’s nothing inherently wrong… Read More
There are still lots of risks to be aware of, even with supposedly promising penny stocks
When you see a list of top penny stock picks online or elsewhere, you may be inclined to invest in one or more of them.
The company has used a share offering to raise the funds it needs to restart a gold mine once operated by an industry giant.
K92 MINING (symbol KNT on the TSX Venture Exchange; www.k92mining.com) has as its principal project the Kainantu gold mine located in the… Read More
The telecommunications cabling company has seen profit double and its share price climb on strong revenue.
DISTINCT INFRASTRUCTURE GROUP (symbol DUG on the TSX Venture Exchange; www.diginc.ca) provides design, engineering, construction and maintenance services to the telecommunications, infrastructure and utilities industries. It operates in Ontario, Alberta… Read More
The most active penny stocks may be a quick way to lose your money
Some investors think the best way to profit with the most active penny stocks is to buy them when they are just barely starting out on a growth phase they hope will… Read More
Pat McKeough recently replied to an Inner Circle Member seeking his recommendation on this junior mining stock. This gold explorer has the cash to continue drilling on its James Bay District sites in Quebec, including the property it shares with industry leader Goldcorp.
Q: Hello… Read More
The best penny stocks can be found, but you should approach them with a healthy dose of skepticism.
It’s essential to avoid letting an investment opinion turn into a fixed idea about the future value of an investment. Instead, keep an open mind. Nobody can consistently… Read More
The tethered-drone maker continues to operate at a loss, although its revenue rose nearly 40% in the quarter.
DRONE AVIATION HOLDING CORP. (symbol DRNE on the U.S. over-the-counter bulletin board; www.droneaviationcorp.com) aims to develop and sell tethered drones to government and commercial customers in the U.S…. Read More
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