Choosing the Top 10 Penny Stocks

Finding the best penny stocks is not unlike finding the best 1st class shares of any index, but choosing the top 10 penny stocks is an exercise in elimination. There are many wonderful penny stocks to choose from and any one of them might go on an unexpected run in the near future. For the picks below, we evaluated the industry, money flow, market capitalization and share structure. All of them have a low trading price and market cap.

Our Top 10 Penny Stocks

MJNA-Medical Marijuana Inc. Medical Marijuana is big business, and the fact that not all states favor the idea of legalizing medical marijuana dispensaries only reinforces our belief in this pick. It means big future potential with little downside. MJNA realizes that government can see dollar signs, and their proprietary financial management system makes it easy and fast for state and federal government to get their share of tax revenues.

QASP-Quasar Aerospace Industries. How did a relatively new aerospace company make our top ten list? The top 10 penny stocks list is all about the potential to grow from pennies to double digit dollars in a short time frame, and with the pace Quasar is growing, there is a real chance this could happen. Their most recent acquisition is projected to add 18 million dollars to the annual bottom line.

The first two companies are strong recommendations. Here are the final 8:

NVIV-InVivo Therapeutics Corporation. Advanced technological development for spinal cord injury treatments.

NBIX-Neurocrine Biosciences. Lots of movement here.

CYCC-Cyclacel Pharmaceuticals. Why a pharmaceutical company? This is an innovative company which has experienced large bullish market movements and has been in business since 1992.

EMPO-Empowered Products Inc. With products getting national attention in Walgreens, this is one to watch.

MWIP-Mediswipe Inc. Solid positioning, solid product.

AMRS-Amyris, Inc. A provider of alternative petroleum derived products worldwide.

PCFG-Pacific Gold Corporation. The next best thing to mining your own gold.

CTIC-Cell Therapeutics, Inc. Multiple splits over the last 3 years and an innovator in oncological treatment processes.

This top 10 penny stock list features several strong long term prospects, but as always, do your due diligence before investing in any stock. Good investing.

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