Published on 9 Mar 2024 on InvestorPlace via Yahoo Finance
3 Penny Stocks Projected to Have Massive Gains in 2024 (and Beyond)
The light market cap weight of penny stocks makes them attractive for investors looking for sharp, accelerated gains in a short-time frame.
Penny stocks are inherently volatile with a high likelihood of going down just as easily. Yet, such a cheap exposure is still attractive if fundamentals are present. Investors have already placed their hooks, as the U.S. Small Cap 2000 Index outperformed S&P 500 at 7.5% vs 3.7%, respectively, over the last 30 days.
Let’s delve into three penny stocks with considerable outcome potential this year and into the future.