Many investors are taking penny stocks seriously.
While other industries are lagging behind, some stocks in the niche are showing positive signs that are turning investors' heads. Since the penny stocks niche is appearing to show positive signs, investors therefore are gunning for the ones that will weather the storms as well as the test of time. Here are some top penny stocks to watch.
CRH Medical Corp.
CRH Medical Corp. (CRHM, Financial) stock has been wooing investors for some time now. In 2015, the stock made some positive moves and went up 234% in revenue during its fourth-quarter run. In the meantime, the fiscal year 2015 went up year over year as much as 978%.
During trading last week, shares traded at the end at $3.26, which was a 24.4% gain. By the following Monday, they rose to $3.33. For investors who deal in penny stocks, the performance of CRH Medical is good news, and this is sending investors a message that in the future they can expect to see positive signs that the company is a good buy. It hails from Canada and sells products and services in the U.S. to medical practitioners.
Parnell Pharmaceuticals
Parnell Pharmaceuticals (PARN, Financial) is well known for its manufacturing and promotion of animal products.
In 2015, it reported a rise in revenue of 58%. Last year was one of its best years ever because the company was able to reach several milestones in its drive for more revenue. Two important milestones the company reached in 2015 were increased output in the U.S. market and the powerful achievement in its digital technology department.
Shares sold for $2.87, which is a 34.7% gain as reported last week at closing time. On Monday, shares reached $2.93 or increased by another 34.7%. The forecast for 2016 is a positive one, and the company will be embarking on new strategies to grow revenue.
KEWY Holding
A cybersecurity firm operating in the U.S., KEWY Holding Corp. (KEYW, Financial) has been on many investors' watch lists for some time now. The online security firm that gives cyber security to its clients worldwide had a loss in earnings of 12 cents. The loss was estimated higher but instead settled at a 6-cent difference.
Since the earnings announcement was made, Chardan Capital Markets went ahead and upgraded the company’s stock to a “Buy” from a “Neutral.” In addition, the company set KEWY's target to $8.50. The good news for holders of the stock is that it went above 42% over a period of only a few days.
Presbia
Presbia (LENS, Financial) is a company that deals in ophthalmology and treats presbyopia by manufacturing lenses for people who need their service. So far, an estimated 1.8 billion people worldwide are using the company's service – manufacturing reading glasses and contact lenses and selling them to consumers.
In 2016, Presbia is hoping to introduce new products into the market in an effort to grow its revenue. The company ended its trade last week at $5 while making a gain of 40.6%.
Chesapeake Energy
As a natural gas and oil producing company, Chesapeake Energy Corp. (CHK, Financial) is also known for its acquisitions, underground reservoir development and explorations from the U.S. Although shares are going through a challenging time, experts are anticipating that the company will bounce back and start showing positive signs. In the wake of rising oil prices, Chesapeake shares went up $2.70 during last week's run, showing a 35% increase.
Knowing which penny stocks to watch in 2016 and even beyond will give investors the upper hand. As competition in the stocks niche continues to soar, one must be careful not to end up buying the wrong stocks and losing plenty of money from the sale.
