Best NYSE Penny Stocks

Do you want to turn dimes into dollars? Consider investing in these NYSE penny stocks that are on the rise.

Read our Advertiser Disclosure.
Contributor, Benzinga
May 31, 2023

Gerdau (NYSE:GGB)

Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company’s geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives a majority of revenue from the Brazil Operations segment.

Last update: 5:35PM (Delayed 15-Minutes)
Get Real Time Here
Vol / Avg.7.578M / 6.801MMkt Cap8.312B
Day Range4.755 - 4.85052 Wk Range3.891 - 6.160

New Gold (AMEX:NGD)

New Gold Inc. is a Canadian-based gold mining company. It owns and operates several mining projects, including Rainy River in Ontario, New Afton in British Columbia, Blackwater Project in Artemis and Cerro San Pedro in Mexico.

The mining stock has a market cap of $552.7 million. New Gold has high liquidity and trades more than 2 million shares per day. It generated revenue of $0.74 billion in 2021, an increase in revenue from the previous year of only $0.64 Billion.

Last update: 4:01PM (Delayed 15-Minutes)
Get Real Time Here
Vol / Avg.3.372M / 2.336MMkt Cap617.967M
Day Range0.890 - 0.96052 Wk Range0.760 - 1.480

Genworth Finl (NYSE:GNW)

Headquartered in Richmond, Virginia, Genworth Financial is a leading Fortune 500 insurance holding company. It is committed to helping families achieve the dream of homeownership through mortgage insurance and long-term care insurance.

The insurance stock has a market cap of over $2.1 billion and trades more than 3.3 million shares per day. It has an EPS of $0.25 and a P/E ratio of $2.5. Genworth Financial generated net total revenue of $904 million in 2021.

In March 2020, Genworth Financial announced that the New York State Department of Financial Services has reapproved the proposed acquisition of Genworth’s New York-domiciled insurance company, Genworth Life Insurance Company of New York, by China Oceanwide Holdings Group Co. Ltd.

Last update: 4:00PM (Delayed 15-Minutes)
Get Real Time Here
Vol / Avg.3.503M / 2.653MMkt Cap2.714B
Day Range5.820 - 5.98052 Wk Range3.495 - 6.400

Uranium Energy (AMEX:UEC)

Uranium Energy Corp is engaged in the uranium mining and related activities, including exploration, pre-extraction, extraction and processing, on uranium projects located in the United States and Paraguay. In South Texas, the company’s hub-and-spoke operations are anchored by the fully licensed Hobson processing facility which is central to the Palangana, Burke Hollow and Goliad ISR projects. In Wyoming, it controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and the highest-grade and largest undeveloped Ferro-Titanium deposits in the world, located in Paraguay.

Last update: 7:57PM (Delayed 15-Minutes)
Get Real Time Here
Vol / Avg.20.297M / 6.568MMkt Cap1.946B
Day Range5.110 - 5.77052 Wk Range2.300 - 5.680


XL Fleet Corp is a provider of fleet electrification solutions for commercial vehicles in North America. The company’s fleet electrification solutions for commercial vehicles provide the market with hybrid and plug-in hybrid solutions with on-board telematics that are available for sale and deployment across a broad range of popular vehicle chassis from the original equipment manufacturers. The company’s revenue is primarily derived from the sales of hybrid electric powertrain systems.

Vol / Avg.- / -Mkt Cap-
Day Range- - -52 Wk Range- - -

Penny stocks present an exciting opportunity to make money for new investors and seasoned traders. The low cost and high volatility of penny stocks provide numerous chances for you to buy and sell your shares at an exponential rate of returns. Are you looking to diversify your portfolio with promising penny stocks? Take a look at these NYSE penny stocks that are going strong in the market.   

Quick Look at the Best NYSE Penny Stocks:


Generally speaking, penny stocks are small, micro- and nano-sized companies with a quoted price of $5 or less. Many penny stocks trade over the counter on OTC Markets, where there are fewer regulations. However, not all of them do.

Penny stocks that are registered with the U.S. Securities and Exchange Commission (SEC) trade on major stock exchanges like the New York Stock Exchange (NYSE) and NASDAQ. In order to maintain a listing on a U.S. exchange, companies must maintain compliance with the SEC and the exchange’s listing standards. Because of this, stocks that trade on exchanges are more likely to have up-to-date financial information. 

If you are new to investing in penny stocks, you should be careful of “pump and dump” schemes. Company stakeholders will intentionally spread false financial information to create a gold rush for other investors to buy large share volumes of that company. Once the stock price has a significant peak, these stakeholders will sell their equity shares to make a huge profit.   

Liquidity could be a critical measure of a penny stock’s market performance as you need people who are willing to buy stocks that you sell. The low cost of penny stocks has a high potential to double or triple your money in a short span. 

If you had invested $1,000 in Ambev (NYSE: ABEV), a brewing company, trading at $2.1 on May 22, 2020, and sold it on June 6, 2020, for a trading price of $3.02, you could have made a profit of $920 in less than 1 month. However, this doesn’t always happen. You must watch the market carefully and understand when to back out of certain investments.

With the opportunity to make such massive profit margins comes equal risk to land yourself with unprecedented losses. Due to this, some investors aim for as much as a 1,000% return on their investments and end up missing their chances at lucrative rewards along the way. Managing your expectations can be the key to trading penny stocks successfully.

Best Online Brokers for NYSE Penny Stock

You can easily find penny stocks, stocks, mutual funds, exchange-traded funds (ETFs) and foreign exchange with the help of online brokers. These platforms provide insightful data to research stocks before you invest. Most of these online brokers let you trade stocks at a $0 commission rate. 

Here are our top recommendations of online brokers that can get you started on your investment journey.

  • securely through Centerpoint Securities's website
    securely through Centerpoint Securities's website
    Best For:
    Momentum traders
    Read Review
  • Securely through Interactive Brokers’ website
    Securely through Interactive Brokers’ website
    Best For:
    Active and Global Traders
    Read Review
  • securely through Magnifi's website
    securely through Magnifi's website
    Best For:
    AI Investing
    Read Review
  • securely through Webull's app
    securely through Webull's app
    Best For:
    Intermediate Traders and Investors
    Read Review
  • securely through TD Ameritrade's website
    securely through TD Ameritrade's website
    Best For:
    Retirement Savers
    Read Review
  • securely through Plus500's website
    securely through Plus500's website
    Best For:
    Mobile Users
    Read Review

    86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Penny Stocks that Pack a Punch

Many investors have made millions by extensively trading penny stocks. Starting small has been essential to their success and you can earn such profits as well if you start investing in penny stocks early. 

Frequently Asked Questions


Can you get rich off penny stocks?


Is it possible to get rich off of penny stocks because of their chance to have high returns. However, penny stocks are even more volatile than regular stocks so its important to know what your getting yourself into before investing.


What are NYSE penny stocks?


NYSE penny stocks are micro companies that are listed on the New York Stock Enchange.


What are the best NYSE penny stocks?


Benzinga offers a list above of the best NYSE penny stocks.