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What are the top penny stocks to invest in now?

Emma MarroneVerified
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Summary：Discover the top new penny stocks to buy now, including Aurora Cannabis Inc., Plug Power Inc., Sundial Growers Inc., and Zomedica Corp. These high-risk investments offer significant upside potential in growing industries.

Investing in penny stocks can be a high-risk, high-reward endeavor. These stocks trade for under $5 per share and are often associated with small companies with limited liquidity. However, for investors willing to take on the risk, penny stocks can offer significant upside potential. In this article, we will explore some of the top penny stocks to invest in now.

1. Aurora Cannabis Inc. (ACB)

Aurora Cannabis Inc. is a Canadian-based company that produces and distributes medical cannabis products. The company has experienced significant growth in recent years, and its stock price has reflected this. ACB currently trades at around $4 per share and has a market capitalization of over $4 billion. With the legalization of cannabis in several U.S. states and countries around the world, Aurora Cannabis Inc. is well-positioned for continued growth.

2. Plug Power Inc. (PLUG)

Plug Power Inc. is a leading provider of hydrogen fuel cell technology. The company's stock has been on a tear in recent months, with shares up over 600% in the past year alone. PLUG currently trades at around $39 per share and has a market capitalization of over $16 billion. With the push towards clean energy and the increasing adoption of fuel cell technology, Plug Power Inc. is a penny stock that could see significant gains in the coming years.

3. Sundial Growers Inc. (SNDL)

Sundial Growers Inc. is a Canadian-based cannabis company that produces and distributes premium cannabis products. The company has a strong presence in both the Canadian and U.S. cannabis markets, and its stock has been on the rise in recent months. SNDL currently trades at around $1.50 per share and has a market capitalization of over $1 billion. With the continued growth of the cannabis industry, Sundial Growers Inc. is a penny stock to watch.

4. Zomedica Corp. (ZOM)

Zomedica Corp. is a veterinary diagnostic and pharmaceutical company that specializes in developing products for companion animals. The company's stock has been on a rollercoaster ride in recent months, with shares up over 800% in the past year alone. ZOM currently trades at around $1 per share and has a market capitalization of over $1 billion. With the growing demand for animal health products, Zomedica Corp. is a penny stock that could see significant gains in the coming years.

In conclusion, investing in penny stocks can be a risky proposition, but the potential rewards can be significant. Aurora Cannabis Inc., Plug Power Inc., Sundial Growers Inc., and Zomedica Corp. are all penny stocks that offer significant upside potential for investors willing to take on the risk. However, it is important to do your due diligence and carefully research any penny stock before investing. As with any investment, it is important to have a clear investment strategy and to diversify your portfolio to minimize risk.

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new penny stocks to buyAurora Cannabis Inc.Plug Power Inc.Sundial Growers Inc.Zomedica Corp.
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