What Are the Top Penny Stocks to Watch in 2021?

Penny stocks are stocks that trade at a low price, often below $5 per share. They are considered high-risk investments, but they also have the potential for high returns. In this article, we will explore the toppenny stocksto watch in 2021 and discuss some strategies forinvestingin penny stocks.

What Are Penny Stocks?

Penny stocks are stocks that trade at a low price, often below $5 per share. They are typically issued by small companies and are traded on the over-the-counter (OTC) market or on a smaller exchange. Because penny stocks are issued by small companies, they are considered high-risk investments. However, they also have the potential for high returns.

Top Penny Stocks to Watch in 2021

1. Sundial Growers Inc. (SNDL)

Sundial Growers Inc. is a Canadian cannabis company that produces and distributes cannabis products. The company's stock has been on the rise in recent months, driven by the increasing demand for cannabis products.

2. Zomedica Corp (ZOM)

Zomedica Corp is a veterinary diagnostic and pharmaceutical company. The company's stock has been gaining momentum in recent months, driven by the increasing demand for veterinary products.

3. Castor Maritime Inc. (CTRM)

Castor Maritime Inc. is a shipping company that specializes in dry bulk shipping. The company's stock has been on the rise in recent months, driven by the increasing demand for shipping services.

Investing in Penny Stocks

Investing in penny stocks can be risky, but it can also be rewarding. Here are some strategies for investing in penny stocks:

1. Do your research

Before investing in a penny stock, it's important to do your research. Look at the company's financial statements, management team, and industry trends. This will help you make an informed decision about whether to invest in the stock.

2. Diversify your portfolio

Penny stocks should be a small part of your overall investment portfolio. It's important to diversify your portfolio to spread out your risk.

3. Be prepared to lose money

Investing in penny stocks is risky, and you could lose money. It's important to be prepared for this possibility and not invest more than you can afford to lose.

Conclusion

Penny stocks can be a high-risk, high-reward investment. If you are considering investing in penny stocks, it's important to do your research, diversify your portfolio, and be prepared to lose money. The top penny stocks to watch in 2021 include Sundial Growers Inc., Zomedica Corp, and Castor Maritime Inc.