In the realm of stock market investments, penny stocks often fly under the radar. However, 2017 was a banner year for those willing to delve into this niche market. This article explores the rise of us penny stocks in 2017, highlighting the potential for significant returns on investment.
Understanding Penny Stocks
Before diving into the details of 2017's us penny stocks, it's essential to understand what penny stocks are. These are shares of small, often thinly-traded companies that trade at less than $5 per share. While penny stocks are known for their high volatility, they also offer the potential for substantial gains.
2017: A Golden Year for Penny Stocks
The year 2017 saw a surge in the popularity of us penny stocks. This was primarily due to several factors:
- Low Market Sentiment: In the wake of the 2016 presidential election, the market sentiment was low, leading many investors to seek out alternative investment opportunities, including penny stocks.
- Technological Advancements: The rise of online trading platforms made it easier for investors to buy and sell penny stocks, further fueling their popularity.
- Economic Factors: The strong economic growth in 2017 created a conducive environment for small companies to thrive, making penny stocks an attractive investment option.
Top Us Penny Stocks of 2017
Several us penny stocks stood out in 2017. Here are a few notable examples:
- Amarantus Bioscience Holdings, Inc. (AMBS): This company, which focuses on developing treatments for neurodegenerative diseases, saw its shares soar by over 500% in 2017.
- CannaVest Holdings, Inc. (CANV): As the cannabis industry continued to gain traction, this company, which provides cannabis-related products and services, saw its shares surge by nearly 300%.
- Xacta Corporation (XCTA): This cybersecurity firm experienced a remarkable rise in its share price, jumping by over 200% in 2017.
Case Study: A Successful Investment in 2017
Consider the case of an investor who decided to invest in the biotech company Amarantus Bioscience Holdings, Inc. (AMBS) in early 2017. By doing thorough research and understanding the potential of the company's pipeline, this investor was able to purchase shares at around
Conclusion
2017 was a pivotal year for us penny stocks, offering investors the opportunity to capitalize on the high potential for returns. While investing in penny stocks carries inherent risks, those who conducted thorough research and maintained a long-term perspective were able to reap significant rewards. As the stock market continues to evolve, us penny stocks remain a viable investment option for those willing to take the plunge.
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