What cheap stocks are there that you recommend?

Question

I'd like to invest in $1.00 stocks or cheaper. Any recommendations?
Thanks.

Answer 1

Eurozinc Mining, symbol EZM is selling at about two and a half. I own it. Its profitable, Good cash flow. Low debt. No goodwill or intangibles. Good balance sheet. The float is pretty large. Hopefully they may buy back stock in the future. I dont see a reason for a reverse split. Its volatile but I think it will do ok.

Answer 2

Penny stocks are shares that trade from a fraction of a penny to $5.

They are riskier than average investments, but have tremendous reward potential. Indeed, some penny stocks have gone from 25 cents to $20.00, while others have become worthless.

In the past, penny stocks had a bad name because of risk and lack of information about the companies.

Nowadays, investors are quickly learning that penny stocks represent all the small companies across America, that are great and have yet to grow or be discovered.

Many investors like penny stocks because it does not take a big cash outlay to get started, and you can own a piece of a good company inexpensively.

The upside of penny stocks is the ability to turn a small investment into a fortune.

The downside is the risk, volatility of the shares, and the lack of corporate transparency.


Technological advancements have also made it easier and more efficient to find and extract crude. I mean, look at the Canadian Oil Sands. The oil is literally sitting on the surface of the ground. You can reach down and pick it up in your hand. So what if you need to move 10 tons of dirt to get 1 ton of oil? At $50 a barrel it suddenly became a profitable venture. At $70, well hey - look at the dozen major oil production companies that are starting up operations in the oil sands.

Canada has more oil than any other nation in the world, save Saudi Arabia. Yet the media makes you believe there is a global supply crisis? Just drive north, you can pick it up with your hands.

Answer 3

The trouble with penny stocks is that you have to buy a lot of shares (atleast 10,000-1,000,000 shares) and you might wait around a long time waiting for them to move even 1-2 cents. I'm sure you've heard of a person who bought 1,000,000 shares of company X for less than a penny a share and sold off when the stock went up 5 cents and made around $50000. This doesn't happen to everybody and from what I have seen, a lot of companies are pennystocks for a reason. I say don't worry about the stock price. Invest in reputable companies even though you may not get as many shares (10000 shares may look good sitting in your investment account but sucks if that stock is going nowhere or changes only by fractions of a penny a day)

Answer 4

99% of the time, pink slip companies are a big scam. They sell stock to raise money and just blow it on whatever they want. Especially companies like this that issue press releases everyday. High Risk- High Reward
Here's a few penny stocks that are ready to soar
NGXL. PK
EGIL. PK

Answer 5

hi, Obama won't make the industry rewarding, he's in basic terms the President. The renewable capability sector has been hammered over the previous couple of months and their P/E ratios are nevertheless sky extreme in line with investor optimism approximately renewable capability and attainable government intervention (tax credit, supplies etc). There are purely approximately 12 agencies in the worldwide that have significant exposure to eco-friendly capability as this is named. 2 agencies i like are Vesta Wind platforms (VWS) (Wind turbines) and Ormat technologies (ORA) engaged in the geothermal and recovered capability capability company. GE is a super participant yet, it is not a super area of their average company. There are additionally different foreign places gamers in Germany and the Netherlands.

Answer 6

I would look for $ 3 to $ 5 stocks, at least someone thinks they are worth something. Try SUNW if you can go long term, but they need to make some money !

Answer 7

why do you want a "cheap" stock? just buy fewer shares of good stocks. Don't worry about the price. Worry whether you will lose it all.