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Best Penny Stocks Under 10 Cents

Depending on the prospects for these businesses, these stocks could make a good speculative investment, but you should remain aware of the risks involved in owning any penny stock.

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SANTA FE GOLD CORP by Santa Fe Gold Corp. (OTC: SFEG)

Founded in 1991 and based in Albuquerque, New Mexico, Santa Fe Gold Corp. owns 148 mining claims covering 42 mines and potential mine sites. These sites include the Malone, Patanka, Hillcrest, Barranca and Principal Mines in the Knight’s Peak region of Grant County, New Mexico.

0.07 -0.005 (-7.14%)
Volume 24.89K Market Cap 23.24M
0.056 - 0.07
0.0325 - 0.08
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Paladin Energy (OTC: PALAF)

Australia-based Paladin Energy explores, develops and operates uranium mines in Australia, Namibia and Malawi. Its largest asset is a 75% interest in the Langer Heinrich uranium mine in Namibia in southern Africa. That mine closed in 2018 due to low uranium prices, but this stock could appreciate substantially once the uranium market heats up.

0.09 0.0046 (5.17%)
Volume 60.38K Market Cap 189.81M
0.083 - 0.0936
0.025 - 0.139
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Dean Foods (OTC: DFODQ)

Probably the only recognizable name on our list, Dean Foods filed for bankruptcy in November 2019 and its stock price has sold off significantly in the last 2 years. The company is currently selling off its assets and has just completed the sale of 44 fluid and frozen facilities to the Dairy Farmers of America. Emerging from bankruptcy or other favorable news could spark a significant rise in the stock price.

0.03 0.002 (6.67%)
Volume 49.52K Market Cap 2.94M
0.0284 - 0.035
0.017 - 0.165
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Perk Labs (OTC: PKLBF)

Perk Labs owns Perk Hero, a loyalty reward and mobile payment platform. Perk Hero enables businesses to provide customers with pre-order, pick-up, delivery, secure payments and digital rewards. Its application has increased customer engagement, retention and revenue for its clients.

The fintech stock has a market cap of $6.5 million. It has high liquidity with an average daily trade volume of 302,000 shares. Perk Labs generated revenue of $32 million in 2019.

0.03 -0.0025 (-7.14%)
Volume 27.40K Market Cap 4.58M
0.0261 - 0.035
0.0252 - 0.1
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IsoRay, Inc. Common Stock (DE) (AMEX: ISR)

Isoray designs and develops medical products to treat many forms of cancer. It focuses on brachytherapy products that provide cost-effective cancer treatments. Isoray’s proprietary isotope, Cesium Blu, has over a decade of proven patient outcomes for the treatment of prostate cancer.

The biotech stock has a market cap of $35 million. It has high liquidity and trades more than 550,000 shares per day. Isoray has a 1-year return rate of 30.20%. It generated revenue of $7 million in 2019.

0.41 -0.0056 (-1.35%)
Volume 48.48K Market Cap 27.65M
0.3964 - 0.4378
0.3002 - 1.06
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Biggest Movers of the Day

Movers in the penny stock market consist primarily of companies releasing important financial data or news. Other big moves can be seen among the stocks of takeover candidates.

If a penny stock makes a large move in the absence of any news, this could result from a large transaction or rumors of a major news item that has yet to be released. So-called “pump-and-dump” schemes can also be responsible for significant price changes.

The data provided below is intended for educational purposes only, we have included the session dates for your reference.

Premarket Under 10 Cents
Symbol Last Price Change % Change Trade
AIRI 1.3101 0.29 28.44% Trade
SDPI 0.49 0.064 15.05% Trade
IFMK 0.92 0.07 8.23% Trade
TH 0.8993 0.06 7.18% Trade
URG 0.4499 0.023 5.46% Trade
TELL 0.953 0.049 5.43% Trade
XBIO 0.88 0.045 5.43% Trade
CDEV 0.6118 0.029 5.01% Trade
DNN 0.3377 0.015 4.48% Trade
PXS 0.895 0.035 4.06% Trade
Symbol Last Price Change % Change Trade
NTEC 2.28 -0.796 -25.88% Trade
RIVr 0.0051 -0.001 -17.75% Trade
RAVE 0.72 -0.15 -17.25% Trade
HEXO 0.6065 -0.115 -15.97% Trade
ITP 0.7361 -0.108 -12.78% Trade
PSHG 0.4303 -0.06 -12.19% Trade
MSN 0.7702 -0.095 -10.96% Trade
VIVE 0.4579 -0.054 -10.54% Trade
ICON 0.6575 -0.072 -9.92% Trade
HUSN 2.14 -0.23 -9.71% Trade
Market Under 10 Cents
Symbol Last Price Change % Change Trade
NTEC 2.97 2.816 1831.07% Trade
SDPI 0.575 0.149 35% Trade
AIRI 1.37 0.35 34.31% Trade
AUMN 0.444 0.029 6.96% Trade
SYN 0.3185 0.017 5.63% Trade
SGRP 0.799 0.04 5.27% Trade
UAMY 0.42 0.02 4.99% Trade
TGA 0.4 0.017 4.3% Trade
TEUM 0.7 0.027 4.02% Trade
ISR 0.43 0.016 3.78% Trade
Symbol Last Price Change % Change Trade
HEXO 0.588 -0.134 -18.53% Trade
PSHG 0.42 -0.07 -14.29% Trade
ITP 0.77 -0.074 -8.76% Trade
HJLI 0.32 -0.03 -8.52% Trade
RAVE 0.8002 -0.07 -8.03% Trade
TGC 0.86 -0.069 -7.45% Trade
FET 0.452 -0.029 -6.09% Trade
CTRM 0.1236 -0.008 -5.87% Trade
HNRG 0.75 -0.045 -5.67% Trade
TELL 0.8543 -0.05 -5.49% Trade
After Hours Under 10 Cents
Symbol Last Price Change % Change Trade
XPL 0.45 0.03 7.14% Trade
TTNP 0.15 0.01 6.91% Trade
EXPR 0.65 0.038 6.24% Trade
GEN 0.4499 0.026 6.08% Trade
OBLN 1.05 0.06 6.06% Trade
JAGX 0.21 0.011 5.58% Trade
OEG 0.771 0.04 5.47% Trade
XBIO 0.9073 0.043 5.01% Trade
CRBP 0.9825 0.043 4.55% Trade
ICON 0.69 0.029 4.35% Trade
Symbol Last Price Change % Change Trade
CDEV 0.5801 -0.04 -6.4% Trade
RETO 0.71 -0.048 -6.34% Trade
TELL 0.9 -0.06 -6.25% Trade
RAVE 0.68 -0.04 -5.51% Trade
SDPI 0.46 -0.025 -5.1% Trade
CSCW 0.513 -0.026 -4.81% Trade
CEI 0.7 -0.033 -4.49% Trade
IZEA 0.6901 -0.03 -4.12% Trade
YGYI 0.561 -0.023 -3.96% Trade
RIBT 0.49 -0.02 -3.93% Trade

The best part of investing in penny stocks consists of the fixed amount of risk you need to take upfront to purchase the stock and the risk-reward ratio of the investment. Buying cents per share might seem risky since many stocks trading at that level are on their way to oblivion. Returns can grow quickly if the stock ultimately begins to climb. 

Also, by acquiring a block of stock at such a low price, you always know just where you stand with the risk involved since the lowest the stock can go is $0 and that isn’t far away. 

Overview: Stocks Under 10 Cents

Once you’ve decided to put some money at risk, research the penny stock market for companies with recent news and interesting products or services. Keep in mind that these stocks have an extremely speculative nature, so as a rule of thumb, don’t put any money at risk you can’t afford to lose. 

Because of listing requirements, most penny stocks do not trade on the NASDAQ or other major exchanges, unless the company’s exchange-traded stock has recently failed to meet listing requirements. Trading in these assets is mostly done through the over-the-counter bulletin board (OTCBB). Quotes for penny stocks have traditionally been listed in the “pink sheets,” a quotation publisher that originally published the quotes on pink-colored paper. 

Keep in mind that due to the nature of these stocks, spreads can be wide with a minimum trading block of 10,000 or 100,000 shares in many cases, depending on the stock and the broker. Despite all the risks, the rewards can be considerable, with 1-day returns in the hundreds of percent in some cases.   

Best Online Brokers for Stocks Under 10 Cents

Many online brokers accept orders for stocks under 10 cents. However, be aware that most brokers charge commission for OTC bulletin board stock trades. Interactive Brokers offers Pink Sheet and OTCBB trading for selected stocks in its standard stock trading account and charges a fixed and a tiered rate.

Other online brokers that offer penny stock trading include TD Ameritrade, Charles Schwab Corp., ChoiceTrade, TradeStation and Zacks Trade. Commissions vary for each broker, from no-commission to $0.01 per share. Some brokers tack on a surcharge while others have a share quantity minimum depending on the stock. Call your broker for more details on penny stock trading.  

Commissions
$0
Account Minimum
$0
Get started securely through Webull’s website
Commissions
$0
Account Minimum
$0
1 Minute Review

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

Best For
  • Active traders
  • Intermediate traders
  • Advanced traders
Pros
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • No charges to open and maintain an account
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
  • Intuitive trading platform with technical and fundamental analysis tools
Cons
  • Does not support trading in options, mutual funds, bonds or OTC stocks
Commissions
$0
Account Minimum
$0
Get started securely through TradeStation’s website
Commissions
$0
Account Minimum
$0
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
Get started securely through TD Ameritrade’s website
Commissions
$0 $6.95 for OTC Stocks
Account Minimum
$0
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates

Features to Look for in Stocks Under 10 Cents

  • Product and potential future earnings: Due to the minimum listing standards, many penny stocks might be hard to research. Research your potential purchases as much as possible so you know you’re investing in a real company with a viable product or service. You’ll also make sure there’s potential for decent future earnings per share. Keep in mind that the penny stock market is rife with scams, so learn to avoid them. 
  • Assets and liabilities: Study the company’s financials for assets and other tangibles that might make the stock an asset play, which means that stockholders might benefit from a liquidation of the company’s assets. If the company is laden with liabilities, stockholders may not be entitled to the proceeds of the sale of company assets. 
  • Liquidity: Because of their low price and speculative nature, penny stocks could be hard to sell once you’ve acquired a relatively large position. Liquidating a large position in an illiquid market could wind up costing you most of your profits. Dealing in penny stocks with an active and deep market seems best if you plan on taking large positions. 

Should You Invest in Penny Stocks?

The answer to this question depends on your goals as an investor or speculator and your pain threshold when it comes to risk tolerance. The first and foremost consideration before jumping into the penny stock market is if you can afford to lose your entire investment. 

If you answered “no,” you’d probably be better off buying the stock of more established companies such as stocks under $20, stocks under $10 and stocks under $5 that meet your needs. With that said, profits from penny stocks can significantly surpass gains in other investments if you pick the right stock to buy. 

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