Top penny stocks this quarter include Ardelyx Inc., Snowline Gold Corp., and Nordic American Tankers Ltd., which have each climbed over 100% in the last year while the small-cap Russell 2000 index has dropped 17% and the large-cap Russell 1000 has shed 13%.
Penny stocks are defined as equities that typically trade at $5 a share or less. Owning them can be risky because they have low liquidity and trade mostly over-the-counter (OTC), incurring higher trading costs. These equities have come under increasing scrutiny by the Securities and Exchange Commission amid multiple high-profile fraud cases.
Here are the top penny stocks in three categories: best value, fastest growth, and most momentum, respectively. All stock data are as of March 21 and all index data are as of March 26.
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