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3 Penny Stocks To Buy Before The End Of The Year? $PXS $MLSS $AGFS

Penny stocks attract investors from all kinds of industries because of their high reward potential. This is compared to other securities. The SEC defines a penny stock as any stock valued below $5. While trading penny stocks can have high rewards, it has equally high risks that investors should be aware of.
When looking for penny stocks to buy, they should have good amounts of volume and some kind of catalyst. Catalysts and penny stocks are like a match made in heaven thanks to the high volatility they have. Then when you throw in low float penny stocks, the volatility can be that much crazier.
Here are some penny stocks that have maintained a much longer-term uptrend compared to most. Can they continue until the end of the year?

Penny Stocks To Buy (or sell): Pyxis Tankers Inc. (PXS)

The first penny stock company on this list is a player in the shipping industry. Pyxis Tankers Inc. (PXS Stock Report) uses its fleet of ships to transport petroleum products as well as other bulk liquids. The company is currently looking to expand its fleet of medium-range product tankers. As of now, the company’s fleet size stands at 6 ships.
This company has had a scorching past 2 months. On August 15th, Pyxis’ stock was trading at $1.02 but in 2 months has climbed to $1.75, a 72.4% increase. Increasing volume numbers have pushed the stock to new 52-week highs and have allowed it to hold its rapid movement. The only penny stock news that could’ve prompted this momentum was the company announcing its financial results on August 12th.

penny stocks to buy PXS

Penny Stocks To Buy (or sell): Milestone Scientific Inc. (MLSS)

Representing healthcare on this list is Milestone Scientific Inc. (MLSS Stock Report), a medical research and development company. The company is primarily focused on designing innovative injection technologies to make them more precise, efficient, and painless. Milestone currently has developed 4 types of medical solutions.
In comparison to Pyxis Tankers, Milestone Scientific has been thriving over the last 3 months. For the first 7 months of 2019, the company struggled to get its stock price over $0.50. However, at the beginning of August, it finally broke that price barrier and has increased 145.5% since then.
The gain came courtesy of some news over this time span. The company signed a distribution agreement with Paragon Care Limited, reported its Q2 financials, and appointed a new President.

penny stocks to buy MLSS

Penny Stocks To Buy (or sell): AgroFresh Solutions Inc. (AGFS)

AgroFresh Solutions Inc. (AGFS Stock Report) is an agriculture company focused on providing science and data-based solutions for fresh produce. The company’s solutions and technology aim to enhance the quality and extend the shelf life of fresh produce. AgroFresh is able to impact the growing, packing, and retailing markets thanks to harvesting solutions and retail technologies.
AgroFresh has had a successful past 30 trading days and is looking to carry that momentum into this week. AgroFresh’s stock has increased by 43%, from $1.65 to $2.35. On October 15th, the company is gapping up by 18.3% during premarket hours.
This was due to the company being awarded $31.1 million from its lawsuit against Decco Post-Harvest Inc. AgroFresh could look to use this gap up and have a strong follow-through for the rest of the week.

penny stocks to buy AGFS

Are Penny Stocks Safe?

In short, penny stocks are incredibly risky. Safety is “as safe” as your risk profile allows. But in most cases, these cheap stocks are some of the least safe investments in the market by default. Needless to say, it’s vital to know how to navigate this market the best as possible. So by all means, take your time before buying your first penny stock.

If you’re experienced, you know what I’m talking about. It doesn’t matter how great a company sounds, if it’s trading in penny stock ranges, it’s always good to take profit where possible. Another way to make money with penny stocks is called a tiered trading system.
Without getting too off-topic, tiered trading involved buying and selling different sums of stock while share prices rise, pull-back, then rise again. If you’re just getting started with penny stocks, check out some of our more popular articles on how to get started:

* This article was originally published here

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