Best Penny Stocks Under $1.00 - December 2023

Written By Ben Broadwater

Updated December 8, 2023

There are many cheap stocks under $1.00 that may be worth the investment. Penny stocks are stocks that trade for less than $5 per share. They are often considered to be high-risk investments, but they can also offer the potential for high returns.

There are a number of factors to consider when investing in penny stocks, including the company’s financial performance, its management team, and its industry. It is important to do your research before investing in any penny stock.

Here are a few of the best penny stocks under $1.00 to consider in December 2023:

Atossa Therapeutics (ATOS) – $0.93

Atossa Therapeutics Inc - Stocks Under $1.00

Atossa Therapeutics is a clinical-stage biopharmaceutical company developing novel therapies for breast and other cancers. The company’s lead product candidate, AT-015, is a first-in-class, oral, selective estrogen receptor degrader (SERD) that is currently in Phase 2 clinical trials for the treatment of breast cancer.

AT-015 is a small molecule that binds to the estrogen receptor and blocks its activity. This can help to prevent the growth of cancer cells that are estrogen-dependent. AT-015 has shown promising results in early clinical trials, and it has the potential to be a new treatment option for breast cancer patients.

In addition to AT-015, Atossa Therapeutics is also developing other potential therapies for breast cancer. The company is currently in Phase 1 clinical trials for a drug called AT-017, which is a small molecule that blocks the growth of cancer cells that are HER2-positive. Atossa Therapeutics is also developing a vaccine against breast cancer, which is currently in preclinical development.

Intouch Insight (INXSF) – $0.34

Intouch Insight Ltd - Stocks Under $1.00

Intouch Insight is a technology company that provides software and services to the healthcare industry. The company’s products and services help healthcare providers improve the quality and efficiency of care.

The company’s flagship product is the Intouch Platform, which is a cloud-based software platform that helps healthcare providers manage their patients. The Intouch Platform includes a number of features that help healthcare providers improve the quality and efficiency of care, such as electronic health records, patient portals, and clinical decision support tools.

Intouch Insight also provides a number of other services to the healthcare industry, such as consulting, training, and support. The company’s services help healthcare providers adopt new technologies and improve their clinical practices.

Western Forest Products (WFSTF) – $0.81

Western Forest Products Inc - Stocks Under $1.00

Next on our list of stocks under $1.00 is Western Forest Products. A lumber company that produces and sells lumber, plywood, and other wood products. The company operates in the Western United States and Canada.

The company has a large network of sawmills and wood processing facilities, and it produces a wide variety of wood products. Western Forest Products sells its products to a variety of customers, including homebuilders, furniture manufacturers, and industrial users.

Additionally, Western Forest Products is a well-managed company with a strong financial position. The company has a long history of profitability, and it has a strong commitment to sustainability. Western Forest Products is a good investment for investors who are looking for exposure to the lumber industry.

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More Penny Stocks Under $1

  • SNDL Inc. (SNDL)
  • Sundial Growers (SNDL.WT)
  • Digital World Acquisition Corp (DPW)
  • Velodyne Lidar (VLDR)
  • Patriot One Technologies (PTOTF)
  • U.S. Well Services (USWSW)
  • Abraxas Petroleum (ABR)
  • Lake Resources (LLKKF)
  • Dunxin Financial (DXF)
  • G6 Materials (GPHBF)
  • BBIG Entertainment (BBIG)
  • Evolent Health (EVK)
  • MicroVision (MVIS)
  • Zomedica Pharmaceuticals (ZOM)
  • Clean Energy Fuels (CLNE)
  • Ideanomics (IDK)
  • FuelCell Energy (FCEL)
  • American Lithium (ALYI)
  • Naked Brand Group (NAKD)
  • Earth Energy Resources (EEENF)
  • Optek Technology (OPTT)
  • Energy Exploration Technologies (EEEK)
  • Green Thumb Industries (GTBIF)
  • NextDecade Corporation (NXTD)
  • Fisker (FUV)
  • Blink Charging Co (BLNK)

These are just a few of the many penny stocks under $1.00 that are worth considering in 2023.

Risks of Investing in Penny Stocks

As mentioned earlier, penny stocks are considered to be high-risk investments. Therefore, some of the risks associated with investing in penny stocks include:

  • Low liquidity: Penny stocks are often illiquid, which means that it can be difficult to buy or sell them. This can make it difficult to exit your position if the stock price falls.
  • High volatility: Penny stocks are often highly volatile, which means that their prices can fluctuate wildly. This can make it difficult to predict how the stock price will move in the future.
  • Fraud: Penny stocks are often the target of fraud. Scammers may create fake companies or pump and dump schemes to artificially inflate the price of a penny stock.

How to Invest in Penny Stocks Under $1.00

If you are considering investing in penny stocks, there are a few things you can do to reduce your risk:

  • Do your research: Before you invest in any penny stock, it is important to do your research. This includes reading the company’s financial statements, researching its management team, and understanding the industry in which the company operates.
  • Start small: If you are new to investing, it is a good idea to start small with penny stocks. This will help you limit your losses if the stock price falls.
  • Use a stop-loss order: A stop-loss order is an order to sell a stock if it falls below a certain price. This can help you limit your losses if the stock price falls sharply.

Conclusion – Stocks Under $1.00

In conclusion, penny stocks can be a risky investment, but they can also offer the potential for high returns. If you are considering investing in penny stocks, it is important to do your research and understand the risks involved.

Here are some additional factors to consider when investing in penny stocks:

  • The company’s financial performance: Penny stocks are often companies that are struggling financially. It is important to look at the company’s financial statements to see if they are profitable and have a positive cash flow.
  • The company’s management team: The management team is responsible for the company’s success. It is important to look at the management team’s experience and track record.
  • The industry in which the company operates: Penny stocks are often in industries that are cyclical or have high competition. It is important to look at the industry’s growth potential and the company’s competitive advantage.

Right now, as you read this, there are companies out there, trading on the markets, with their stock available to you, which have the same kind of growth potential as Facebook, or Google, or Twitter, or any of the big household names which made other people rich in the last few years.

If you’re interested in investing in penny stocks under $1.00, you may want to check out Alex Koyfman’s Microcap Insider.

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