Finder's Pick for
Finder’s list of the best penny stocks in Canada and the US is based on the results of our proprietary ranking system. Our ranking of the best penny stocks to buy now is a starting point for your own research and should not be taken as advice to buy any particular stock
Tamarack Valley Energy acquires, explores, develops and produces crude oil, natural gas and natural gas liquids in the Western Canadian sedimentary basin.
Athabasca Oil Corporation explores, develops and produced light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates through Thermal Oil and Light Oil segments.
Pipestone Energy Corp. explores, develops and produces oil, natural gas liquids and natural gas in Western Canada primarily in the Northwest Alberta region.
GoGold Resources Inc. explores, develops and produces gold and silver primarily in Mexico. The company is headquartered in Halifax, Nova Scotia.
Touchstone Exploration Inc. is an upstream oil and gas company that explores, develops, produces and sells petroleum and natural gas properties in the Republic of Trinidad and Tobago.
Japan-based Nomura Holdings provides various financial services to individuals, corporations, financial institutions, governments and governmental agencies worldwide. It operates through 3 segments: Retail, Investment Management and Wholesale.
Mechel PAO is a mining, steel and power businesses that operates in Russia, Asia, Europe, the Commonwealth of Independent States (located in Eastern Europe and Asia) and other international markets.
U.S. Bancorp is a financial services holding company that provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States.
Sun Communities is a real estate investment trust (REIT) that owns, operates or has interests in hundreds of developed motorhomes, recreational vehicles and marina properties in the US, Puerto Rico, Canada and the UK.
Ambev S.A. produces, distributes and sells food and beverages in Brazil, Central America, the Caribbean, Latin America and Canada. Its beverage brands include Budweiser, Corona and Labatt Blue. It also bottles and distributes Gatorade, Lipton Iced Tea, Pepsi, Canada Dry, Seven Up and other beverages.
There’s no single winning strategy to finding what experts might call the best penny stocks to buy now, because the most important considerations are your own goals and circumstances.
Our stock list is not personal financial advice—your personal objectives and financial situation have not been taken into consideration. Do your own research, and speak with an investment professional if in doubt.
Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase and decrease in value.
This list and data was compiled August 18, 2022. The algorithm was last updated 27 January 2021.
You can buy Canadian and US stocks through the following Canadian platforms. Learn more about how to get started in our guide to opening a stock trading account.
Penny stocks are highly volatile and are often seen as riskier investments. But that doesn’t mean all penny stocks drop in a bear market.
Historically, penny stocks have larger swings in both bull and bear markets. This means that when times are good, investors can increase their holdings. However, when the market turns and the sentiment is low, these investments tend to fall further than blue-chip stocks.
But just like large caps, a business’s stock price and performance varies based on its circumstances and the sector it’s in. The same is true with penny stocks.
Penny stocks are highly speculative investments. The odds losing all your money are greater than gaining high returns. As such, penny stocks are more suited to:
What happens in the future is anyone’s guess. However, we do know some big themes that are driving the market.
In response to the conflict in Ukraine, many Western countries have placed sanctions on Russia. This has seen skyrocketing prices of commodities such as oil and gas, which Russia is a major producer of. A strong oil price helps the share price of penny stocks.
Differing COVID-19 policies around the world continues to impact supplies of goods and services. For example, the US is facing a struggle to supply infant formula and a shortage of approved providers.
Tech businesses are often among the most heavily hit during periods of inflation and rising rates. But the world is changing, creating new opportunities for some business, for example, those in the artificial intelligence or electric vehicle industries.
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