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Best Penny Stocks Under $1

Check in daily to find the best stocks under $1. This list is updated and active throughout the day. It includes premarket, aftermarket, movers and best-performing stocks.

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Bombardier (OTC: BDRBF)

With the pandemic grounding passengers, the air transportation market suffered tremendously. Most notable among the hard-hit players was Bombardier, an aircraft manufacturer specializing in business jets. But as new coronavirus cases steadily decline, BDRBF stock may be due for a longer-term recovery.

Financially, Bombardier appears to be on the comeback trail. In its quarter ended Dec. 31, 2020, the company rang up $2.34 billion in revenue, down only 3.1% from the year-ago quarter.

0.72 -0.0107 (-1.46%)
Volume 1.47M Market Cap 1.75B
0.701 - 0.7499
0.1956 - 0.5175
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Supreme Cannabis Co (OTC: SPRWF)

One of the world’s fastest-growing premium cannabis firms, Supreme Cannabis Company offers a wide range of plant-based therapeutics. Meeting the diverse needs of the modern botanical user, Supreme Cannabis has added relevance due to the stress associated with the COVID-19 pandemic.

Though penny stocks impose extreme risks, SPRWF stock is compelling because of its fundamentals. For instance, the underlying company generated $14.3 million in revenue for the fourth quarter of 2020, up nearly 108% from the year-ago level.

0.30 -0.0064 (-2.1%)
Volume 1.96M Market Cap 219.38M
0.2925 - 0.3174
0.08 - 0.29873
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Neptune Digital Assets (OTC: NPPTF)

Billed as a cryptocurrency leader in Canada with a growing portfolio of blockchain and cryptocurrency operations, Neptune Digital Assets obviously benefits from the virtual currency boon. With the underlying sector continuing to break records, NPPTF stock has generated wild returns.

That said, you want to be super-careful with Neptune as its financial records leaves much to be desired. In its quarter ended Nov. 30, 2020, the company only generated $20,000.

0.91 0.026 (2.94%)
Volume 1.93M Market Cap 84.43M
0.88 - 0.99
0.0036 - 0.62
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Investview (OTC: INVU)

Focusing on the democratization of financial education through technology based tools, research and platforms, Investview hopes to bring up to speed a new generation of investors to the opportunities around them. With the economy appearing to improve significantly, INVU stock has been on a tear recently.

Recently, its financial performance has improved, with the company delivering revenue of $7.9 million in the fourth quarter of 2020, up 59% from the year-ago level.

0.23 -0.164 (-41.1%)
Volume 32.70M Market Cap 760.81M
0.2232 - 0.38
0.01325 - 0.12
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Diamond Fields Res (OTC: DFIFF)

Gold usually represents the most desired safe-haven asset but sophisticated private investors may instead focus on diamonds because no two diamonds look the same. This asset class has a uniqueness not found in other investment categories. Penny stock buyers may want to check out Diamond Fields Resources.

DFIFF stock has enjoyed significant momentum over the past month but remain extra careful with such trades because of their extreme volatility.

0.33 0.0256 (8.41%)
Volume 11.89K Market Cap 22.74M
0.28807 - 0.3598
0.0656 - 0.17133
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Biggest Penny Movers of the Day

Penny stocks are significantly more volatile than the stocks of larger or more established corporations. Take a look at the top movers in the penny stock sector below.

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

Premarket Penny Stocks
Symbol Last Price Change % Change Trade
VHAQr 0.205 0.015 7.89% Trade
AUMN 0.7088 0.047 7.03% Trade
CTRM 0.4582 0.03 7.03% Trade
SHIP 0.9736 0.058 6.33% Trade
GSV 0.57 0.031 5.71% Trade
GPL 0.7959 0.023 2.93% Trade
AAU 0.512 0.015 2.91% Trade
ASRT 0.5304 0.012 2.35% Trade
BORR 0.9835 0.023 2.34% Trade
XPL 0.7302 0.007 0.92% Trade
Symbol Last Price Change % Change Trade
NSPR 0.4377 -0.116 -20.97% Trade
CPHI 0.6892 -0.119 -14.7% Trade
TBLT 0.7365 -0.121 -14.1% Trade
INUV 0.72 -0.114 -13.71% Trade
NAOV 0.8501 -0.1 -10.52% Trade
PULM 0.9299 -0.1 -9.72% Trade
ONTX 0.6302 -0.062 -8.95% Trade
BIOL 0.7768 -0.073 -8.62% Trade
SONM 0.6251 -0.057 -8.42% Trade
CEI 0.7378 -0.066 -8.25% Trade
Market Penny Stocks
Symbol Last Price Change % Change Trade
ASRT 0.588 0.07 13.46% Trade
VHAQr 0.205 0.015 7.89% Trade
SONM 0.72 0.037 5.49% Trade
KIQ 0.8695 0.04 4.78% Trade
SHIP 0.957 0.041 4.52% Trade
BORR 0.9949 0.034 3.52% Trade
ADMP 0.82 0.027 3.36% Trade
NAKD 0.5737 0.019 3.36% Trade
BIOL 0.874 0.024 2.82% Trade
ACST 0.48 0.013 2.69% Trade
Symbol Last Price Change % Change Trade
TBLT 0.7607 -0.097 -11.27% Trade
NSPR 0.52 -0.034 -6.11% Trade
GIXr 0.37 -0.023 -5.81% Trade
NAOV 0.91 -0.04 -4.22% Trade
NBY 0.7805 -0.023 -2.88% Trade
GSV 0.5301 -0.009 -1.69% Trade
RIBT 0.8401 -0.01 -1.17% Trade
PTE 0.96 -0.01 -1.04% Trade
PULM 1.02 -0.01 -0.98% Trade
NAK 0.6049 -0.005 -0.76% Trade
After Hours Penny Stocks
Symbol Last Price Change % Change Trade
CTRM 0.4875 0.032 7.11% Trade
CPHI 0.711 0.028 4.11% Trade
USWS 0.9 0.021 2.41% Trade
BIOL 0.785 0.015 1.94% Trade
PTE 0.92 0.016 1.81% Trade
ADMP 0.75 0.012 1.68% Trade
AIKI 0.91 0.015 1.64% Trade
NSPR 0.44 0.007 1.61% Trade
SONM 0.6302 0.007 1.13% Trade
NVIV 0.76 0.008 1.06% Trade
Symbol Last Price Change % Change Trade
NAOV 0.76 -0.09 -10.6% Trade
BORR 0.95 -0.037 -3.72% Trade
ONTX 0.6099 -0.02 -3.21% Trade
STG 0.93 -0.03 -3.13% Trade
PXS 0.82 -0.025 -2.98% Trade
DFFN 0.675 -0.02 -2.88% Trade
XPL 0.7172 -0.018 -2.43% Trade
SNMP 0.85 -0.02 -2.32% Trade
TBLT 0.72 -0.016 -2.17% Trade
ITP 0.51 -0.011 -2.06% Trade

When most people think about trading stocks, they imagine million-dollar brokers trading shares of major corporations like Amazon (NYSE: AMZN), AT&T (NYSE: T) and Tesla (NASDAQ: TSLA). But trading like a pro doesn’t necessarily require millions of dollars of free capital in your brokerage account. 

Penny stocks, occasionally referred to as “micro cap” or “nano cap” stocks, are low-value stocks representing smaller companies. As the name suggests, these stocks are often priced under $1 per share — making them much more accessible to beginner investors or those with less capital. 

Overview: Penny Stocks

Penny stocks are shares of small companies that typically trade for significantly less money than shares of larger companies. Despite the name, the term “penny share” can be applied to any stocks under $5. A penny stock might be sold on an over-the-counter (OTC) exchange but many are also sold on SEC-regulated exchanges like the New York Stock Exchange (NYSE).

Penny stocks have historically been subject to scams and artificial price inflation due to their ease of manipulation. One of the most popular forms of penny stock fraud is the “pump and dump” scheme. During a pump and dump, marketers who hold shares of a particular security intentionally spread false or misleading information about the company issuing the stock, which causes the price of the stock to rise sharply. After the price has risen, the holders “dump” the stocks at inflated prices onto those buying in after hearing the news. 

The expanding use of social media websites like Twitter and Facebook has increased instances of pump and dump schemes. It’s now more important than ever for investors to do their due diligence before they make a purchase.

Penny stocks are also attractive to investors because they show higher-than-average volatility. The volatility of a stock describes how often and by what magnitude a stock will increase or decrease in value over the course of a normal trading day. 

High volatility means that there is plenty of room for profit when buying and selling penny stocks. For example, if you purchase 1,000 shares of Stock X at $1 and sell them at $2, you’ve doubled your money and earned $1,000. However, this high volatility also means that it’s possible to lose money quickly. 

Features to Look for in Penny Stock

Not every penny stock is an equally good investment. All penny stocks are risky by nature — but you can limit your risk by searching for these 3 key features.  

  • Trades on a major exchange: Most penny stocks are sold on OTC markets or through the OTC Bulletin Board. Though these shares are usually very cheap (often trading for pennies on the dollar) they also enjoy much lower levels of oversight. If you’re buying your first penny stocks, begin by searching for stocks on major exchanges, like the NYSE or NASDAQ. Stocks listed on these exchanges must meet minimum requirements set by the Securities Exchange Commission, which greatly reduces the likelihood that you’ll get caught up in a scam.
  • A high daily trading volume. Many investors look to penny stocks in the hopes of earning money by swing trading or day trading. However, what some people forget is that if you want to sell a stock, there needs to be someone on the market willing to buy it. Use a stock screener to search for penny stocks with higher average daily volumes. A higher volume will help you sell off your stocks when you choose — not when prices are at rock-bottom.
  • A positive earnings per share. A stock’s earnings per share (EPS) value is equal to the current earnings of the company divided by the current number of shares outstanding. If possible, look for a stock with a positive EPS value — this indicates that the company is currently profitable.

Most penny stocks represent smaller or newly formed corporations, so this may not always be possible. If you do decide to invest in a stock with a negative EPS value, make sure that it has a manageable level of debt. 

The Power of Pennies

Investing in penny stocks can be exciting. With a wide range of industry options, higher volatility and hundreds of stocks under $20, it’s easy to see why so many investors are drawn to the opportunities that penny stocks represent. However, it’s also important to remember that penny stocks are very risky — and they should never make up the majority of your portfolio.

Don’t be afraid to invest in a few solid penny stocks and hope that they increase in value. But, remember to use total market funds and index funds as the basis of your portfolio. This will leave you room for growth while also protecting your future.  

Best Online Brokers for Penny Stocks

No matter if you’re day trading penny stocks or you’re looking for stocks under $10 to add to your long-term portfolio, you need to open a brokerage account before you can begin trading. Your broker will carry out buy and sell orders on your behalf, as traders can’t buy or sell stocks directly on the market.

Don’t already have a brokerage account? Consider our favorites below. 

Best For
Intermediate Traders and Investors
Overall Rating
Get started securely through Webull’s website
Best For
Intermediate Traders and Investors
N/A
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 mutual funds, bonds or OTC stocks
Best For
Beginners
Overall Rating
get started securely through Robinhood’s website
Best For
Beginners
N/A
1 Minute Review

Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by Robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.

Best For
  • Beginner traders
  • Mobile traders
Pros
  • Streamlined, easy-to-understand interface
  • Mobile app with full capabilities
  • Can buy and sell cryptocurrency
Cons
  • Almost no trading analysis tools available
  • Only taxable brokerage accounts available
  • No option to open a retirement account
  • No access to mutual funds, forex or futures trading
  • Limited customer service
Best For
Inexpensive Options Trading
Overall Rating
get started securely through Tradier’s website
Best For
Inexpensive Options Trading
N/A
1 Minute Review

Tradier is a high-tech broker made with the most active traders in mind. Tradier differentiates itself by using Application Programming Interface (API) technology to partner with popular trading software to offer a wide range of platform choices to Investors. Tradier brokerage offers integration with one of the widest ranges of platforms we’ve seen, including Esignal, Orion Multi Trader, Stockstotrade, 1Option, Evati, and many, many more. 

Tradier offers 2 pricing options — infrequent traders may want to opt for Tradier’s 0 Stocks and $0.35 per Options contract trading, while very active traders can often save money by opting into Tradier’s $30 monthly all-inclusive option and Equity, which cuts commissions entirely.

Tradier TradeHawk platform is exceptionally impressive, combining intuitive 1-click order placements with a vast range of indicators and charting tools. TradeHawk is also completely compatible with both Apple and Android mobile devices. Though we’d love to see Tradier expand into mutual funds and offer a bit more in the way of educational tools, the broker remains a top choice for advanced traders and those looking for enhanced customization options.

Best For
  • Very active options traders who would benefit from a flat-rate monthly charge instead of per-contract fees.
  • Advanced traders looking for a customizable broker with a wide range of platforms that can be integrated.
  • Prominent options traders get high-quality execution, real-time market data and subscription trading.
Pros
  • Wide range of integrated platforms provide an option for any trader.
  • All-inclusive per-month subscriptions available in lieu of per-contract commissions can potentially save very active traders hundreds of dollars a month.
  • Platforms are powered by quality real-time market data and execution.
  • Paper trading and Sandbox building mode allows particularly tech-savvy traders to create a platform and strategies customized to their preferences and needs.
  • Exceptionally affordable margin rates.
Cons
  • While good for active traders, newer traders may prefer a platform with fewer integration choices and a more streamlined approach.
  • No online mutual funds currently available.
Best For
Mobile Investing
Overall Rating
get started securely through SoFi’s website

If you want to see other top performing cheap stocks see below:

Trading Penny Stocks

Timing the market, entering and exiting at the right time is always ideal when you trade penny stocks. And if penny stocks are part of your game, you may want to learn how to trade professionally through technical analysis for you to get in at a swing low, retracements, breakouts or along with price action setups as confirmation to increase your profitability. 

We’ve got established trader Ezekiel Chew founder of Asia Forex Mentor, who makes 6 figures a trade, and trains the bank traders behind the scenes, to share with us how to be successful in trading and investing.

Ezekiel believes there are three key aspects to successful trading:

1. You’ve first got to learn how to read the charts. And one of the best ways to learn this is through price action; the technique that the majority of professional traders use. Once you have learned how to read the charts, you will know why the market is going up, down or sideways and then will you recognize which strategy to put into play in that direction.

2. Trade with a proven trading strategy or a combination of strategies. A proven strategy is one that is comprehensively back-tested and has been shown to work consistently. It is only in this way that you will have the confidence to stick with it during the lull periods.

3. Have a solid trading system. One that is defined not only by the technical aspects but also the business behind trading; a properly structured trade that is in line with the overall trading plan that has been proven to work. In contrast to what most new traders think, trading is not just about strategies, but the system itself also contributes greatly to becoming a successful trader.

If you want to learn the precise trading system that Ezekiel uses to make 6 figures a trade and that he uses to train banks, check out the Asia Forex Mentor One Core Program, which has turned many new traders into professionals.

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