Before we get into the best stocks under $1, many traders will know that cheap stocks are a whole different breed.
People trade these stocks primarily because of their volatility. Penny stocks can dramatically increase or decrease in value over the course of a normal trading day.
For example, if a $0.10 stock increases to $1, you can make quite a bit of cash. So, what are the characteristics you are looking for in a decent stock under one dollar? Well, here are a few things to watch out for:
- Try to look for a quality exchange…if possible. When looking for a quality penny stock, try to find a quality exchange. We recommend tried and true options like the NYSE or Nasdaq. If you do see a stock on the OTC Markets, we think you should stick to the OTCQX. It’s the highest tier of the OTC and has the clearest standards.
- Earnings per share – Now this may be hard to come by in the world of penny stocks, but it’s worth your time to check the EPS and see if the company is profitable. It should not be a dealbreaker, but it is good to know and might give you some level of comfort.
- Trading volume – Daily trading volume is a good indicator of other traders‘ willingness to buy. You want to make sure there is some solid volume. If you want to sell, you are going to need to make sure there is someone who will take the shares off your hands. Check the volume to make sure you have some liquidity.
Looking for some higher priced picks? Check out the best stocks under $10.
Now that we have established a bit of a guidepost, let’s look at the best stocks under $1 to buy now!
Best Stocks Under $1 with Potential
While the travel industry has struggled over the past year, it is slowly starting to bounce back. Countries around the world are vaccinating their citizens and people are feeling more comfortable traveling.
Bombardier is a Canadian company that makes corporate jets. They struggled financially in years past, which is what pushed their stock price down below $1 in the first place.
However, the company has recently taken steps to get their finances back in order. They laid off thousands of employees and launched a massive corporate restructuring program.
Because this corporate restructuring was relatively recent, we’ll have to wait and see exactly how it pans out. However, this could be an exciting prospect for investors that are feeling bullish on travel stocks.
So far, things look good for this company. Their stock price has gone up dramatically since November, and they are currently trading at a year-long high.
Growth has been fairly steady since the beginning of 2021. Bombardier’s most recent earnings report was very strong as their adjusted profits rose.Wondering where to buy the stocks listed in this article? Check out Webull! Webull is an excellent trading app for beginnings and experienced investors alike. They have zero fee trading, and you'll even get a free stock (valued up to $1600) just for signing up!
Golden Minerals (NYSE: AUMN)
Golden Minerals is a mining company headquartered in Colorado. They focus on gold and silver production, with mines in Mexico, Argentina, and Nevada.
This company has a large portfolio of mining properties that are already operational. They plan to start production in two of their Mexican mines over the next two years.
Their Rodeo mine began production at the beginning of 2021, and their Velardena properties should be fully operational at the end of this year or early next year.
Mining companies have been tricky to invest in over the last year, as COVID-19 caused some production shutdowns.
However, Golden Minerals is in a good position, as they focus mainly on gold and silver.
Gold and especially silver prices have gone up steadily in the last year. Many people turned to these precious metals as a stable investment when the market was particularly volatile.
Golden Minerals stock has generally increased in price over the last year, with some volatility.
This seems to be based on excitement about the company’s production output rather than their revenue and earnings numbers, which have been less than thrilling over the past few quarters.
This company appears to be meeting its production goals for this year, which could result in a revenue increase down the line.
Much of this depends on the price of gold and silver at the time, so investors will want to keep an eye on that as well.
Best Stocks Under 1 Dollar That Pay Dividends
Chesapeake Granite Wash (OTC: CHKR)
The Chesapeake Energy Corporation runs this trust, which currently has a market cap of $27.93 million.
The trust owns royalty interests from Chesapeake’s oil and natural gas operations in Oklahoma.
Despite this stock’s low share price, they pay a consistent dividend of approximately $0.02 per share annually.
Their share price was slowly declining for a six-month period in 2020, but started to pick up again in December. The stock has been on a sharp upward trajectory throughout May and June.
Right now, the company has a massive dividend yield of 9.92 percent.
They also currently have a very low price to earnings ratio, which sits under 15 right now. This means that the stock is very cheap when compared to their most recent earnings report.
The oil and natural gas industries have been very volatile this past year, and that is something that investors will want to watch out for with this stock.
Even gold misses the mark.
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However, the dividends may make it an attractive pick for some investors, which is why this is one of the best stocks under $1!
Biotech Stocks Under $1
Regulus Therapeutics (NASDAQ: RGLS)
Regulus Therapeutics is a biotech company that uses microRNA technology to develop drugs for a variety of conditions.
Most recently, they have been developing treatments for kidney disease. Their most recent drug candidate for kidney disease is currently in phase 1B trials.
At the end of June, Regulus presented their results from these trials. The results were generally positive, which was very exciting for investors.
Their stock price spiked slightly as a result of these early results.
Regulus is currently enrolling patients for a second cohort in this study. If trials continue on this trajectory, Regulus stock could potentially break out of the $1 range.
Regulus’s microRNA technology has a broad range of potential applications. There’s plenty of room for the company to continue expanding on this technology with further drug candidates in the future.
Also Read: Trade Ideas Review
Zomedica (NYSE: ZOM)
Zomedica is a biotechnology company that makes veterinary diagnostic devices. There’s a huge market for animal healthcare, as people care deeply about their pets and want them to be happy and healthy.
This company recently launched Truforma, a device that helps test dogs and cats for illnesses quickly. Since this device has just hit the market, there is plenty of room for this company to grow as they distribute the product.
During their most recent earnings report, the company’s CEO indicated that they have access to over $250 million in cash. This should keep them financially stable as they work to distribute this new device.
Zomedica has been particularly popular on Robinhood and among retail investors. However, they have an intriguing business model to back up the hype.
Best Marijuana Stocks Under $1
TILT Holdings (OTC: TLLTF)
TILT Holdings is a company that offers products and services for marijuana brands. They provide essential support for the rapidly growing cannabis industry and help their clients adjust to shifting regulations.
The largest company in TILT’s portfolio is Jupiter Research, which designs and manufactures vaporization technology.
Their other brands include Standard Farms, a medical marijuana grower in Pennsylvania, and Commonwealth Alternative Care, which makes and distributes cannabis products in Massachusetts.
In the Canadian market, they own Sante Veritas Therapeutics, which owns processing facilities in Vancouver as well as their own marijuana brands.
In addition to owning these brands, TILT works with cannabis companies around the world. They assist with both production and distribution – two operations that can be difficult for small cannabis companies to scale up.
TILT Holdings has been on a steady growth trajectory since December 2020. This is definitely a stock to watch for gains as we move forward in the second half of 2021.Looking for more stock picks? Get a new trade every week for free with Trade Ideas. Trade Ideas sends you a new pick every single week along with the reasoning on why it could be ready to break out. Sign up for free right here.
Sundial Growers (NASDAQ: SNDL)
Sundial Growers is a Canadian marijuana company that has been in business since 2006. They currently have four brands of cannabis on the market to cater to different segments of the market.
They’ve been a popular pick for retail investors over the last few years thanks to hype around the cannabis industry in general.
Many US states have either legalized cannabis in the last few years or have plans to do so in the near future. This presents a potential expansion opportunity for Sundial.
This company hasn’t taken off in the same way that other cannabis companies have, which has been worrying for some investors.
However, Sundial has plenty of cash reserves despite sluggish sales numbers in recent quarters. This financial stability presents an opportunity for future growth.
Because Sundial Growers has been a popular ‘meme stock’, any good news or market volatility could send their share price soaring.
This already happened back in February, and experts aren’t counting out the possibility of it happening again.
For investors who have a strong risk tolerance, this stock could be a good option.
Best Energy Stocks Under $1
Gran Tierra Energy Stocks (NYSE AMERICAN: GTE)
Gran Tierra Energy is a Canadian company with oil and gas operations worldwide. Some of their biggest operations are in Ecuador and Colombia.
The energy market struggled through 2020. However, many investors are bullish on the market as travel is starting to pick up again around the world, increasing demand for oil and gas.
Gran Tierra did have to stop production at times during 2020 due to COVID restrictions, but they’ve managed to keep their oil reserves stable to keep up with demand.
Some investors think this energy stock might be undervalued given their production and earnings. Their stock price has gone up significantly since the beginning of the year, but is still less than $1.
Looking for other investment ideas? Make sure to check out our Louis Navellier Growth Investor Review.
Cheap Stocks To Buy Now Under $1 Dollar
Investview Inc. (OTC: INVU)
Investview is a fintech company that aims to make investing and financial success more accessible to everyone. They currently do this through three different brands.
Their first brand, iGenius, is a full suite of financial education tools. They help their clients learn how to invest, with a focus on cryptocurrencies and other unique investment opportunities that aren’t always considered accessible.
Their other brands are SAFETek, which provides access to high-performance data technology, and SAFE Management, which is a registered investment adviser.
In recent years, many consumers have been looking for accessible investing tools and solutions. People of all ages and backgrounds are looking to get into investing, and Investview’s tools could be helpful.
Additionally, the economy is starting to recover, which means consumers will have more money to put towards their investments.
In recent months, Investview has shifted their focus to ndau, a form of adaptive cryptocurrency. They are a major investor and partner in ndau.
For investors willing to take a risk on the cryptocurrency market, Investview is a very interesting pick.
Best Stocks Under $1: Conclusion
Those are the best stock under a dollar that we recommend. We have tried to cover a wide range of catalysts and market events, so do your research and see which ones best fit your own portfolio’s profile.
Are there any stocks under a dollar that we missed? Are there any stocks with serious growth potential that we need to know about in the nano-cap or small-cap space? Let us know in the comments below.
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