Penny stocks are a notoriously volatile stock class. And with inflation concerns growing worse by the month, they could feel like a bridge too far at the moment. Interest rates are rising, putting pressure on riskier asset classes in general.
There’s little arguing that penny stocks are in prime position to spike currently. While the general environment isn’t favorable for penny stocks, there’s always hope. In this case, it’s the hope that the individual stocks listed below have powerful enough catalysts. Those catalysts are enough to keep prices moving up despite the broader woes.
That said, the stocks listed do have plenty of potential. Most have reasonably strong business fundamentals behind them. So, let’s get into each individually.
This post appeared first on InvestorPlace.