As with all speculative investments, immediately’s record of the very best penny shares below $1 needs to be approached with warning. Penny shares are arguably the most effective methods to see outsized returns. They’re additionally one of the crucial thrilling. However they arrive with big dangers, and traders who fail to do their analysis are more likely to fall prey to doomed or sham firms.
Not all speculative ventures are created equal. Amid the ocean of ultra-low-priced securities, solely a handful of penny shares shine. Listed below are three of the very best penny shares below $1.
| ATOS | Atossa Therapeutics | $0.74 |
| INXSF | Intouch Perception | $0.34 |
| WFSTF | Western Forest Merchandise | $0.81 |
Atossa Therapeutics (ATOS)
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Seattle-based Atossa Therapeutics (NASDAQ:ATOS) is a clinical-stage biotech that focuses on remedies for breast most cancers remedy and different breast-related situations.
Shares soared to insane heights shortly after going public in 2012, however shareholder worth has been eroding for the previous decade. Nonetheless, latest developments with a breast most cancers remedy might show to be a game-changer for Atossa and its shareholders.
The corporate lately started a Part 2 examine on a remedy for pre-menopausal ladies with ER+/HER2- breast most cancers, which accounts for greater than three-quarters of breast cancers, in line with Atossa President and Chief Govt Officer (CEO) Dr. Steven Quay.
“[P]remenopausal ladies recognized with this illness want simpler and tolerable remedy choices; particularly new remedies that don’t require ovarian operate suppression,” Quay mentioned.
Constructive trial developments might ship this penny inventory hovering to heights not seen in fairly a while.
Intouch Perception (INXSF)
Supply: Shutterstock
Canadian software program firm Intouch Perception (OTCMKTS:INXSF) develops managed cell software program functions and software-as-a-service (SaaS) platforms aimed toward serving to companies collect and analyze knowledge to enhance buyer experiences. These options embody buyer surveys, cell types, analytics and thriller buying.
Although this penny inventory is dangerous, the corporate is coming off its most profitable yr in enterprise. For the seventh consecutive yr, Intouch’s natural SaaS income grew by double digits, rising 21% in 2022. Complete income jumped 47% final yr to a document $23.5 million, whereas recurring income elevated by 35% to $21.6 million. Furthermore, adjusted EBITDA shot up 33% to $2.2 million.
As Intouch continues to develop its enterprise, shares might make a considerable run. Even only a return to the inventory’s 52-week excessive of $0.69 would end in a achieve of greater than 100%.
Western Forest Merchandise (WFSTF)
Supply: Shutterstock
Western Forest Merchandise (OTCMKTS:WFSTF) is a Vancouver-based lumber firm that manufactures high-quality wooden merchandise.
Final yr’s working outcomes have been affected by a rising inflationary and rate of interest setting. Nonetheless, the corporate’s three-year income progress price of 27.2% is best than 95% of the trade.
Over the long run, the housing market’s fundamentals and the resultant progress in timber development will speed up. Subsequently, selecting up shares at this ultra-low value could possibly be clever.
WFSTF is an fascinating contrarian play for traders presently. On prime of the capital appreciation potential, shares yield 4.7%.
On the date of publication, Muslim Farooque didn’t have (both straight or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Pointers.
