All of these penny stocks are Nasdaq listed, making them safer than their peers
I’ll start this article the same way that I start every penny stock list: with a caveat and a warning. While penny stocks can provide quick, sustainable returns, investors must be careful. Arguably the best way to do so is to determine how much you can safely lose. Play penny stocks in that way and you’ll have a much better outcome.
With that in mind I’m going to keep this list inherently as safe as I can by limiting it to Nasdaq listed penny stocks. I could easily include stocks listed on the NYSE as well. Those would be analogous to Nasdaq listed stocks, both of which are equally safe.
The reason for this limitation is the NYSE and Nasdaq exchanges are centralized and participants must file periodic audited financial reports. That way it’s possible to verify their claims regarding their business performance.
This article originally appeared at InvestorPlace.