Published on 11 Dec 2021 on Insider Monkey via Yahoo Finance
10 Penny Stocks to Buy in December
In this article, we discuss the 10 penny stocks to buy in December. If you want to skip our detailed analysis of these stocks, go directly to the 5 Penny Stocks to Buy in December.
Trade in penny stocks, especially in Over-the-Counter (OTC) markets, has exploded this year as a retail investor boom and a record surge in prices of cryptocurrencies propels trading volume in such securities to over $550 billion. Data released by OTC Markets Group suggests that the total volume for trades in 2020 was crossed in October this year, a full three months ahead of the end of the fiscal year. Cannabis companies, crypto trusts, and biotech firms have all contributed to this growth.
Since the start of 2020, individual investors, who often use internet platforms like Reddit, have burst onto the finance scene. These investors prefer to invest in small companies with explosive growth potential. One forum on Reddit, which is dedicated to penny stocks, has close to 2 million members and robust discussion forums. In addition to penny offerings, some other growth stocks popular on the platform include Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG), and Microsoft Corporation (NASDAQ:MSFT), among others.