subject: Top Penny Stocks For 2010 [print this page] When investors buy penny stocks, they need to collect as much information as possible before making an investment. A companys background and their previous practices have to be considered when buying penny stocks. This is essential so that they make a smart move and make the most out of the penny stocks at hand. Penny stocks are an easy and swift way to earn more profits if the investment is done sensibly. I have compiled some top penny stocks for 2010 which are expected to make investors big return on their investment.
Before making an investment, you must bear some points in mind. Firstly go for those companies with market capitalization that are less than 500 million dollars and then decide to buy penny stocks. Pick up those stocks which belong to a reasonable company, a company with high earning and very low debts. The volume of penny stocks also greatly matters.
One of the top penny stocks performers is LGL group which manufactures electronic components. LGL groups shares are dramatically increasing and recently, the company traded at a 52 week high of $14.20. LGL group also posted a fourth-quarter profit of 15 cents a share, swinging from a year-ago loss of 5 cents a share.
Next is Federal National Mortgage Association (Fannie Mae) which is a government-sponsored enterprise and supports stability in the mortgage market as it provides mortgages. The value of the companys penny stocks is expected to shoot high and give you huge returns once you buy penny stock of the company.
Oilsands Quest (BQI) is also considered another top penny stock performer. It showed an increase in value from August to October. However a high risk is attached with Oilsands quest because it has no revenue but the value of its reserves and expected ability to extract such reserves on a profitable basis make it one of the top penny stock performers. As these expectations are increasing because of the higher oil prices in 2010.
Unico is a company which deals in the precious metals mining sector and focuses on the exploration, development and production of gold, silver, lead, zinc, and copper. Unico is already a very active trading stock. It has been as high as $300 per share in 2007 before splitting its stock a few times. A huge potential and gain is expected out of this stock which makes them another top penny stock performer.
Atwood Oceanics is an explorer and has been very successful. The earnings estimates of the company have shown a rise previously and resulted in a P/E of 7.5. Atwood Oceanics' margins have topped 40% too which signal that this company can give huge returns if an investment is made.
A variety of methods can be used by investors when finding the top penny stocks in the stock market. A penny stock newsletter can play a very important role in providing investors with very useful information, stock alerts, stock ideas, trends and list of top penny stock performers. Investors can also use a stock screener to generate a list of stocks based on a variety of criteria.
