A penny stock is one with a low share price. Large volumes of shares can be owned by investing small capital in such stocks. It could mean huge returns for investors if the price of these stocks goes up by a small amount.
Investing in such stocks is not safe. It is important for investors to conduct in-depth research before investing in such stocks. We are going to look at the 10 best performing penny stocks.
Conferences and letters from hedge funds.
Gates Capital Management reduces risk after a rare year of decline.
The ECF Value Funds have a great track record. Over the past 26 years the Excess Cash Flow Value Funds have produced a 12.6% annualised return. The funds increased in the second half of the year.
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We used the price and return data to come up with the 10 best performing penny stocks. The 10 best performing penny stocks in the communication services sector were ranked on the basis of their year to date return. So far this year, there are 10 penny stocks that have gained.
The company was founded in 2006 and operates marketplaces. Its shares have plummeted in the last month, bringing their one-year return to less than half.
IZEA Worldwide Inc has a market cap of more than $36 million and is currently trading at above $0.595 with a 52 week range of $0.489 to $1.82.
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It is a multi- platform media company. Its shares have plummeted in the last month, bringing their one year return to -41%.
The company's market cap is more than $30 million and the shares are trading above $1 with a 52 week range of $0.903 to $18.
It deals in digital cinema, streaming channels, and distribution. Its shares have fallen by over 8% in the last month.
Cinedigm Corp's shares are currently trading at above $0.46 and have a market cap of more than 77 million.
It was founded in 1998 and operates a number of platforms. Its shares are down by over 16% in the last month.
The company's market cap is more than $181 million and the shares are trading at above $0.58 with a 52 week range of $0.50 to $2.33
The company was founded in 2014. Its shares are down by almost 30% in the last month.
The company has a market cap of more than $137 million and is currently trading at above $0.813 with a 52 week range of $0.67 to $2.21.
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This company was founded in 2011. Its shares are down by almost 20% in the last month.
AdTheorent Holding Company Inc shares are currently trading at above $0.10 with a 52 week range of $0.09 to $1.68.
It was founded in 2009, and distributes and monetizes live music, internet radio, and music related streaming and video content. Its share price has fallen in the last month, bringing their one-year gain to over 10%.
LiveOne Inc (LVO) has a market cap of more than $73 million and is currently trading at above $0.85 with a 52 week range of $0.50 to $1.4300.
It is a company that develops and operates networks of games, monetization tools and content channels. Its shares have fallen by almost 29% in the last month.
Super League Gaming, Inc.'s shares are currently trading at above $0.50 and have a market cap of more than 15.9 million.
The company was founded in 1987 Its shares are down by almost a third in the last month.
The market cap of Inuvo Inc is more than $37 million and the company's shares are currently trading at above $0.29.
The company was founded in 2003 and uses data and technology to provide marketing solutions. Its shares are down by almost 8% in the last month.
Troika Media Group Inc has a market cap of more than $81 million and is currently trading at above $0.21, with a 52 week range of $0.095 to $1.42.
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