The Best Penny Stock to Buy Today for a Chance at 481% Profit

Our top penny stock today could benefit from an oil supply agreement between Russia and Saudi Arabia in the works…

This story was originally published here.

The CBOE Volatility Index (VIX), or “Fear Index,” sits above 40 today. The average last year was 15. Investor “fear” has more than doubled in a matter of months on the coronavirus lockdown.

But it's creating huge profit opportunities for investors of a certain risk appetite. Our top penny stock to buy today has 481% profit potential.

You see, the best penny stocks thrive on volatility. If it suits your risk profile, it can really make you a killing.

The U.S. Securities and Exchange Commission (SEC) defines penny stocks as trading under $5 per share. The low share price means that a small gain can be a huge percentage change in the stock price.

But you don't just want to invest in penny stocks willy-nilly. These are speculative investments. The worst penny stocks can tank just as much as the top penny stocks can soar.

That doesn't necessarily mean there's no science to investing in penny stocks. Of course, the more you know, the better. Penny stock investing can be well worth it if you stick to making informed decisions and limit a small percentage of your portfolio to speculative plays.

For example, Inovio Pharmaceuticals Inc. (NASDAQ: INO) rocketed 260% only a month after we recommended it on Feb. 3 this year.

Inovio was one of many companies in the running for producing a coronavirus vaccine. This leap was on news that Inovio was one of the first approaching human trials.

To predict their stock was going up would require you to keep your ear to the ground. You'd have to pay attention to the dialogue around coronavirus, press releases from various pharmaceutical companies, and the broader market trends at a very specific moment.

Lucky for some of our readers, we did the research. And the stock more than doubled their money.

We did the same thing several times last year, even with lower volatility. Penny stock prices are generally sensitive to any changes in a company or in the market.

You have to be in the right place at the right time. But you also have to know the right things.

Our top penny stock today could benefit from an oil supply agreement between Russia and Saudi Arabia in the works…

Editor's Note: To see the top penny stock to buy right now, click here.

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