Penny stocks are dangerous investments, even though they don’t cost a penny. Microcap stocks are portions of minuscule firms that exchange outside of significant stock trades, and businesses may force additional charges to exchange these profoundly unpredictable offers. Some brokers levy a premium for equities worth less than a particular amount, or they don’t give free commissions for unlisted stocks. The term “penny stock” is defined differently by each broker. Some define a penny stock as one that trades for less than $5, while others define it as one that trades for less than $2 or $1. Users only have to choose a reliable or safe automated trading platform like Bitcoin Superstar App and then start the trading accordingly.
Penny stocks are particularly vulnerable to “pump and dump” scams, in which traders fraudulently increase the value of a company before “dumping” it at falsely inflated prices, due to less severe financial disclosure rules. (To discourage this behavior, the Securities and Exchange Commission in the United States adopted new regulations in September 2020 prohibiting brokers from quoting OTC stocks unless the business issuing the shares provides up-to-date financial information.)
In June 2021, which penny stocks should you buy?
A penny stock is one with a market capitalization of $300 million to $600 million and a price of less than $5. So, here are our recommendations for six of the greatest penny stocks to purchase this month. Some are traded on the Nasdaq, some on the London Stock Exchange (LSE), and a few are traded on both.
Marston (LSE: MARS)
Marston’s is the first firm on our list of the finest penny stocks to purchase. Consumers are more willing to spend pleasure now that the economy is reopening. After pubs were permitted to open outside on April 12th, sales returned to 80% of pre-pandemic levels, and the firm has already begun to reap the advantages. Sales are expected to increase further, according to the company’s management. Marston’s might be a fantastic penny stock to add to your portfolio in June based on these data.
NewRiver REIT (LSE: NRR)
NewRiver REIT’s book value per share has dropped by 43%, and there’s a possibility that the property portfolio’s value would drop much more if there’s another lockup. Still, as a recovery bet, the stock might be a decent buy. It had 95.8% retail occupancy in March, and the company’s revenue in March 2021 was higher than the money received in March 2020.
Ideanomics Inc. (NASDAQ: IDEX)
Ideanomics has been on our penny stock watchlist for a period. The stock cost has kept up somewhere in the range of $2.24 and $3.20 in recent weeks, demonstrating that the firm has been genuinely occupied. Since the start of May, this electric vehicle (EV) penny stock has been on the ascent. The 50-day and 200-day moving midpoints are working as critical help and opposition levels, individually, and dealers are peering toward the 50-day straightforward moving normal (SMA) as a potential help level heading into June, after it was tested interestingly from November 2020.
Aqua Metals Inc. (NASDAQ: AQMS)
Aqua Metals should be considered while we’re on the issue of the environment (through electric automobiles). Aqua Refining technology, which employs a water-based method to create pure metals cleanly from wastes like lithium-ion batteries, is used by this firm to recycle metals. When Aqua Metals invested $1.5 million in cleantech company LiNiCo in the first quarter of 2021, it sparked a lot of curiosity. Recent investments, advances, and the rising need for greener energy have all contributed to this penny stock’s bright outlook.
GT Biopharma Inc. (NASDAQ: GTBP)
As the year started in 2021, biotech penny stocks were ablaze, yet before the finish of the main quarter, they had chilled. Notwithstanding, they started to warm up again in May, and the business’ second quarter displayed an unmistakable positive pattern. Stocks in the existing sciences and medical care ventures, like Biopharma, have ascended accordingly. The firm moved from over-the-counter (OTC) to the Nasdaq trade prior in 2021, acquiring $23.65 million simultaneously.