Cheapest Penny Stocks from 7 Companies That are Excellent for Your References

cheapest best penny stocks

Cheap but keep quality are the two most wanted things for all people in the world. Apparently, that is not something impossible even for your stock. Today, 7 cheapest penny stocks come here to fulfill your necessities. Of course, you want to know it but do not be hurry before you remember what penny stock is.

Just to remember, a penny stock is under  $1 stock which is suitable for small companies or beginners. Nevertheless, it needs a carefulness to choose the cheapest penny stocks to buy and trade.

Do you know why?

4 Top Cheapest Penny Stocks which fit You

Let's continue to know why you must be careful in trading this stock! Although penny stock includes the small stock, it has a serious risk behind. You may get high profit instantly or lose big money or finance in a short time.

Cheapest Penny Stocks Right Now

So, do you feel afraid and want to discourage you from plunging into this type of stock? Relax, please!

You only need to be careful and everything just has a risk. Keep going ahead because this page is always ready to help you anytime.

It is so serious where this page proofs it with the 4 cheapest penny stocks such as below:

1. Chesapeake Energy

Chesapeake Energy (NYSE: CHK), which has been inactive for the past few years, is still trying to recover. The company suffered a collapse of oil and gas, which has a debt of almost $ 10 billion.

In addition, the income is much lower. However, progress has been choppy for both business and stock. Now, CHK trades at $ 2.19, down almost 53% over the past year.

(Read also: 5 Top Moving Penny Stocks That Shining since 2020 and still Promising in 2021

Okay, here you have to really understand the risks.

Debt is always a concern, especially if the price of oil and/or gas starts falling again. Recently, there have been earnings reports that have increased with CHK beatings or revenue consensus meetings.

It happened in the last eleven quarters and now, like a classic cheapest penny stock with high risks and prizes. So, long-term shareholders will certainly prefer.

2. Castle Brands (ROX)

Castle Brands (NYSEAMERICAN: ROX) emerged with the current price of 56 cents and with ROX stock down 121% over the past year.

It seems that the market has determined that the stock is traded at a premium price to fair value.

Castle's Gosling brand makes "Dark 'N' Stormy" drinks even more popular.

Meanwhile, Jefferson's bourbon continued to grow well, with the Castle whiskey portfolio.

Both brands increased the revenue of this cheap penny stock broker by 20% in fiscal 2018.

However, profits were still thin even though margins increased because income continued to grow. Finally, management has a good incentive to continue this growth.

3. Sportsman's Warehouse (SPWH)

best cheapest penny stocks

Sportsman's Warehouse (NASDAQ: SPWH) looks like a good value because the current price is $ 4.04.

The cheapest penny stock is just below the $ 5 cent cutoff stock limit. In February, this stock briefly flicked the penny moniker when it was at $ 6.36.

Unfortunately, SPWH trades at only 7.8X EPS consensus next year. Many investors, especially those who ride on brick-and-mortar retailers love it.

Read Also: How to Make Money With Penny Stocks

4. Limelight Networks (LLNW)

Limelight Networks (NASDAQ: LLNW) has made a turnaround and LLNW shares have responded well. Internet content delivery providers have made progress with revenue.

This year, they estimate that it will increase by 6% and the next 11% with a long-term rate of 15%. The LLNW margins are thin and multiples of EV / EBITDA are profitable.

Recently, it experienced to $ 3 which will push up on the exchange.

Limelight keeps double-digit revenue growth intact.

This method will increase margins and profits, which is likely to have LLNW out of the penny stock category altogether.

3 Additional Cheapest Penny Stocks that You must Check

Such as the page expressed before, there is 7 cheapest penny stocks list here. By the way, the rests are available below:

1. Plug Power

Plug Power (NASDAQ: PLUG) traded its shares down around 60% from the initial level of 2014 as well.

Hydrogen vehicle developers signed an agreement with Walmart (NYSE: WMT) in 2014. Then, with (NASDAQ: AMZN) in 2017 and joined FedEx (NYSE: FDX) in May 2017.

The company remains unprofitable but revenue is growing rapidly.

Read Also: 2 Good Penny Stocks to buy and Anytime: Use 10 Tricks to determine

This year, they expect growth with gross revenues of almost 40%.

PLUG, as the cheapest penny stock has turned towards industrial applications and investors in PLUG, must be patient. Investors must tolerate volatility and accept risk.

But Plug Power can get traction, so the current share price of around $ 2.53 can move much higher.

2. DHX Media (DHX)

DHX Media (NASDAQ: DHX) shares fell 47% and debt continues to be a problem for the company.

With a debt-equity ratio of 108%! $ 550 million in long-term debt in the latest quarter, of course, this does not help.

But at $ 1.99 with a market capitalization of around $ 219 million, there are several reasons for optimism. 

First, DHX added Peanuts intellectual property in an agreement with Iconix Brand Group (NASDAQ: ICON).

DHX then sold 39% off Nuts to Sony (NYSE: SNE) to reduce debt and bring high-quality partners. 

Apparently, this cheapest penny stock seeks to encourage cost savings and reduce debt.

This is a high-risk game because the chart is showing a long decline.

In the last five years, ICON has dropped more than 99% due to too much debt and too weak portfolios.

Nevertheless, DHX must be able to avoid that fate and try to push good profits in the DHXM stock. 

Cheapest Penny Stocks On Robinhood

3. Denison Mine (DNN)

Denison Mines (NYSEAMERICAN: DNN) is a suitable stock for investors who want to take risks in this sector.

This is the best opportunity for big profits from traditionally developing miners.

The properties of this cheapest penny stocks are in the Athabasca Basin, northern Canada (Alberta and Saskatchewan).

This mine targets uranium resources where uranium prices start to rise. The closure of the mine by giant Cameco Corp. (NYSE: CCJ) presents a short-term catalyst for prices and discounts.

Read Also: High Volume Penny Stocks: Definition, Advantages, Tips, and List that You must Understand

Obviously, there are many risks here and the possibility of needing to increase capital. DNN itself can actually provide mining stocks to increase the price of uranium.

This company can follow it with fundamentals that support some increases in metals.

Well, those are the seventh cheapest penny stocks which are excellent for you. Take them as references while learning it one by one. Stay confident and careful, guys!
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