New Penny Stocks on WeBull & Robinhood $TIGR $PUYI $MMX
What Is a Penny Stock: A penny stock refers to a small company's stock that typically trades for less than $5 per share. Although some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most penny stocks trade via over the counter (OTC) transactions. Transactions take place through the electronic OTC Bulletin Board (OTCBB) or through the privately-owned Pink Sheets. There is no trading floor for OTC transactions, and the quotations are also all done electronically.
The desire to make a quick killing in the stock market draws many inexperienced investors to trade in penny stocks. Unfortunately, this also means many people lose their money in the blink of an eye.
Why would anyone take on this type of risk? As the saying goes, “the higher the risk, the higher the potential returns.” If invested in the right companies, penny stocks can provide enormous returns. So if you’re comfortable with the risk versus return trade-off, and understand that you could lose your money, penny stocks could play a role in your portfolio.
UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. The company has developed a brokerage platform that can be accessed through its APP and website. It offers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support. The company was founded in 2014 and is based in Beijing, China.
The primary business for TIGR is to facilitate Chinese retail investors in trading global securities. According to TIGR's IPO filing, they are the largest online broker focusing on global Chinese investors in terms of U.S. securities trading volume, with a market share of approximately 58.4% in 2017. They achieved RMB1.0 trillion cumulative trading volume on their platform within three years since the launch of Tiger Trade App, representing the shortest time-frame among all online brokers focusing on global Chinese investors.
Puyi Inc. provides third-party wealth management services in China. It focuses on mass affluent and emerging middle class population. The company offers wealth management services, corporate finance services, and asset management services. Puyi Inc. was founded in 2010 and is headquartered in Guangzhou, China.
Maverix Metals Inc., a precious metals royalty and streaming company, engages in the exploration and development of mineral properties. The company explores for gold, silver, and other precious metals. It holds a portfolio of 46 development and exploration stage royalties in the United States, Canada, Australia, and internationally. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.
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