Penny Stocks to Buy This Week – 10.10.22

In case you’re searching for penny stocks to purchase this week, you need to know the risks. These stocks typically trade for lower than five dollars per share and have a market capitalization of lower than $250 or $300 million. There may be an inherent risk level increase for each volatility and manipulation. This is actually because the quantity of public information on the corporate isn’t available. Also, these corporations are likely to be much younger and are still going through their growth phase. This can even make them targets for scams, corresponding to the pump and dump scheme famously depicted within the Martin Scorsese film, The Wolf of Wall Street.

3 Penny Stocks to Buy This Week

While many penny stocks don’t trade on major market exchanges, those we’ll concentrate on today do. These three penny stocks have huge explosive return potential for this week and beyond.

3. Pineapple Energy Inc. (NASDAQ: PEGY)

After a horrible 2022, Pineapple Energy Inc. is finally showing some signs of life. That’s why it’s on our list of penny stocks to purchase this week. Pineapple Energy Inc. (PEGY) is a provider of residential photovoltaic solar energy systems. Despite little or no news regarding the stock, shares have risen greater than 400% previously five days alone. Pineapple Energy’s short interest has been dropping rapidly in recent months, which may very well be an enormous reason why the stock has seen short-term success. We’ll control this one as more information develops.

2. Applied DNA Sciences, Inc. (NASDAQ: APDN)

Applied DNA Sciences (NASDAQ:APDN) have already jumped 55% today, following the corporate’s announcement that it received its largest single purchase order for LinearDNA, an alternative choice to the present manufacturing standard for DNA. APDN is unquestionably one in every of our top penny stocks to purchase this week.

President and CEO, Dr. James A. Hayward said, “The appliance of DNA-based probes in molecular diagnostics is rapidly expanding to provide the industry powerful latest tools to reinforce the diagnosis of infectious diseases, genetic disorders, and malignancies. Our proprietary enzymatic approach to manufacturing DNA via PCR underpins our ability to supply DNA more efficiently and rapidly relative to other DNA production methods and at scale. Applying this capability also to the manufacture of therapeutic DNA for the following generation of genetic medicines, we consider LinearDNA sits on the intersection of two growing life sciences segments that hold the potential to rework human health.”

1. Immunic Inc (NASDAQ: IMUX)

Immunic is one other one in every of our penny stocks to purchase this week. The corporate focuses on clinical-stage biopharmaceutical development. They’ve a pipeline of selective oral immunology therapies that concentrate on treating chronic inflammatory and autoimmune diseases. Today, shares have climbed near 50% after the corporate announced it was raising $60 Million in private placement financing. The corporate has agreed to sell almost 8.7 million shares at $4.35 each, which reflects a ten% premium on last Friday’s closing price. The financing is anticipated to shut this Wednesday.

Penny Stocks to Buy This Week (10.10.22 – 10.14.22) – Closing Thoughts

You’ll be able to put money into these top penny stocks just like several other company. But there are a number of things you need to consider before buying. Start with a risk level you’re feeling comfortable with. This may help minimize your changes of giant losses. Next, choose an amount to take a position that you just would feel comfortable losing. Determine should you want the investment to be short-term or long-term. This can be one in every of the more essential aspects in the way you evaluate your trade.

Finally, check back often for more information on penny stocks to purchase this week and other great investment opportunities. And to remain within the loop daily, you need to consider signing up for one in every of our free newsletters. Just visit our greatest investment newsletters page and choose a mailing that works for you. Start making smarter, more profitable investments today!

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