Publicly traded penny stocks from the Cowen Group, Pan America Silver Corporation and TravelCenters of America is likely to perform well in 2015, according to Profit Confidential. Other publicly traded companies with potentially lucrative penny stocks include Energy XXI, Key Energy Services and SandRidge Energy, according to The Motley Fool.Continue Reading
Other publicly traded companies with penny stocks that are likely to prove lucrative in 2015 include Eagle Rock Energy Partners and Halcon Resources Corporation, The Motley Fool states. Penny stocks issued by Genetic Technologies and the PostRock Energy Corporation, available on Nasdaq, and those from Miller Energy Resources, available on the New York Stock Exchange, also show great promise, advises Money Morning.
Despite the promise of these instruments, investing in penny stocks is fraught with risk, warns the accounting firm Hansen, Bradshaw, Malmrose & Erickson. Information on the operations of companies issuing penny stocks may be difficult to find, making trade in these instruments prone to misinformation and fraud. In addition, availability can be problematic in cases where companies issue limited quantities of stock.
The vast majority of penny stocks are not traded on large stock exchanges such as the New York Stock Exchange but in the less visible over-the-counter market, explains Hansen, Bradshaw, Malmrose & Erickson. For this reason, penny stock quotes tend to be found on systems such as the OTC Bulletin Board and in publications such as the Pink Sheets, which are published by the National Quotation Bureau.Learn more about Investing