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What are the Top Penny Stocks of 2016?

Grace HelbigVerified
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Summary：Discover the top penny stocks of 2016, including Axion Power International Inc., Neuralstem Inc., and BioDelivery Sciences International Inc. These stocks gained over 300% due to positive news and developments in their respective industries.

Introduction:

Investing in penny stocks can be a risky but potentially rewarding venture. In 2016, some penny stocks proved to be highly lucrative. In this article, we will discuss the top penny stocks of 2016 and what made them successful.

What are Penny Stocks?

Penny stocks are stocks that trade for less than $5 per share. These stocks are usually issued by small companies and tend to be highly volatile. They are considered high-risk investments because they are often thinly traded and can be subject to manipulation.

Top Penny Stocks of 2016:

1. Axion Power International Inc. (AXPW)

Axion Power International Inc. was the top-performing penny stock of 2016, with a gain of over 1,100%. The company is involved in the development and sale of energy storage systems. The surge in the stock price was due to the announcement of a contract with a Chinese company for the sale of its technology.

2. Neuralstem Inc. (CUR)

Neuralstem Inc. is a biopharmaceutical company that specializes in the development of treatments for neurological disorders. The stock gained over 400% in 2016 due to positive results from its clinical trials for the treatment of depression.

3. BioDelivery Sciences International Inc. (BDSI)

BioDelivery Sciences International Inc. is a specialty pharmaceutical company that focuses on the development of treatments for chronic pain. The stock gained over 300% in 2016 due to the approval of its new drug application for Belbuca, a treatment for chronic pain.

Investment Strategies for Penny Stocks:

Investing in penny stocks can be risky, but there are some strategies that can help mitigate the risk. One strategy is to diversify your portfolio by investing in a variety of penny stocks. This can help spread out your risk and increase your chances of finding a successful investment.

Another strategy is to do your research and only invest in companies that have strong fundamentals. Look for companies with a solid business plan, strong management team, and a clear path to profitability. It's also important to keep an eye on the news and any developments that could affect the stock price.

Conclusion:

Investing in penny stocks can be a risky but potentially rewarding venture. The top penny stocks of 2016, including Axion Power International Inc., Neuralstem Inc., and BioDelivery Sciences International Inc., were successful due to positive news and developments in their respective industries. When investing in penny stocks, it's important to diversify your portfolio and do your research to find companies with strong fundamentals.

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