4 Penny Stocks To Buy Under 50 Cents To Double Your Money In 2021
Penny stocks are primarily purchased because of their discounted price. While their volatility can be a risk, investors often opt for these stocks for their low costs. If you are in search of some of the hottest Canadian penny stocks, here is a list of four such stocks that might expand in 2021. 1. Therma Bright Inc (TSXV:THRM) Therma Bright stock grew by five per cent in the last week. It ballooned by a whopping 1500 per cent in the past year and shot up by 86 per cent year-to-date (YTD) . The scrips closed at C$ 0.4 apiece on Tuesday, May 18. Its 52-week high stands at C$ 1.05 (January 19, 2021). The Toronto-based company, which manufactures medical devices and instruments, is the developer of the Acuvid COVID-19 Rapid Antigen Saliva Test. Maintaining a robust balance sheet in Q1 2021, Therma Bright's cash and cash equivalents stood at C$ 1.7 million. 2. Leaf Mobile Inc (TSX:LEAF) A leading video game group, Leaf...