What Are the Hottest New Penny Stocks for 2015?

What Are the Hottest New Penny Stocks for 2015?

Penny stocks have always been a hot topic among investors due to their low price and potential for high returns. However, investing in penny stocks requires a certain level of knowledge and risk tolerance. In this article, we will take a closer look at some of the hottest new penny stocks for 2015 and provide someinvestment strategiesfor those interested in this market.

1. Understanding Penny Stocks: What Are They?

Before we dive into the hottest new penny stocks for 2015, it's important to understand what penny stocks are. Penny stocks are stocks of small companies that trade for less than $5 per share. They are often traded over the counter (OTC) or on small exchanges, making them more volatile and risky than larger, more established companies. Penny stocks are often associated with high potential for gains, but they also come with a high risk of loss.

2. Hottest New Penny Stocks for 2015: Companies to Watch

One of the hottest new penny stocks for 2015 is Novavax Inc. (NVAX). Novavax is a clinical-stage vaccine company that specializes in developing vaccines for infectious diseases. The company has several promising vaccine candidates in development, including a COVID-19 vaccine that is currently in phase III clinical trials. Another company to watch is Zomedica Corp. (ZOM), which develops and commercializes veterinary diagnostic and treatment products. The company's shares have seen a surge in value recently due to the launch of its TRUFORMA diagnostic platform.

3. Investment Strategies for Penny Stocks

Investing in penny stocks can be risky, but there are some strategies that can help investors minimize their risk. One strategy is to do thorough research on the company before investing. This includes looking at the company's financials, management team, and industry trends. Another strategy is to diversify your portfolio and not put all your money into one penny stock. Finally, it's important to have a long-term investment strategy and not try to make quick profits by trading penny stocks frequently.

4. Investing in Penny Stocks: A Cautionary Tale

While penny stocks can offer high potential for gains, they also come with a high risk of loss. One cautionary tale is the case of Longfin Corp. (LFIN), which saw its shares surge in value in 2017 after announcing that it was entering the cryptocurrency market. However, it was later revealed that the company did not have a viable cryptocurrency business and the shares plummeted. The Securities and Exchange Commission (SEC) later charged the company with fraud.

In conclusion, penny stocks can offer high potential for gains, but they also come with a high risk of loss. Investors interested in this market should do thorough research on the company before investing and have a long-term investment strategy. While there are some hot new penny stocks for 2015, it's important to remember that investing in this market requires a certain level of knowledge and risk tolerance.