Penny stocks are so attractive thanks to their explosive potential. These stocks trade for just dollars, or even pennies, and can post triple- or even quadruple-digit gains in a matter of days.
Take Marathon Patent Group Inc. (Nasdaq: MARA) for example. Shares of this penny stock soared 341% in just four days during the week of Thanksgiving.
That’s why we’re bringing readers one of the best penny stocks to watch for December.
While penny stockscan appreciate quickly, they are much riskier than normal stocks. Most penny stocks are listed on over-the-counter exchanges with no requirements for being listed.
As a result, some penny stocks are merely scamsrelying on pump-and-dumpschemes that could quickly drain your entire investment.