If you enjoy the risk and reward of penny stocks, and you’re in the market for a stock that could see serious growth over the next few months, popular penny stocks could be for you. As with all penny stocks, these picks have a low chance of growth, but, on the off chance that they do take off, they could go to the moon.
Arena Events Group PLC
Arena Events Group (LSE: ARE) is currently trading at around a quarter of the share price it was trading until early 2019.
Arena Events Group is a provider of infrastructure and accessories for large scale entertainment events, and it’s no doubt that they’ve been hit hard by the pandemic.
But as live entertainment opens up once more, this stock shows serious promise at a bargain price. Investors should only consider this stock if they think we’re well out of the woods of COVID-19, though.
Great Panther Mining Limited
The Great Panther Mining LTD stock (NYSE: GPL) is currently trading 55% lower than it was six months ago, in part due to safety issues and permit delays.
Assuming that these issues can be overcome, and the permits that the company are waiting on are awarded, this stock could easily double over the coming months.
Of course, GPL also has the potential to tank further, particularly if the permits the company is waiting on are rejected, but that’s always a risk with penny stocks.
Citius Pharmaceuticals, Inc
Citius Pharmaceuticals, Inc (NASDAQ: CTXR) is a pharma company that specialises in developing drugs for use during the critical stages of care.
Earlier this month, the company signed an agreement to exclusively license E7777; an oncology immunotherapy that is licensed for the treatment of cutaneous T-cell lymphoma.
This stock has serious potential to spike next year, and it’s a great choice for investors who want their money to back a great cause, too.