Quantcast
Published On: Mon, Jul 24th, 2017

How Have Penny Stocks Performed Lately? We Look At 3 Different Stocks To See How Well They Are Doing

The world of penny stocks have become more attractive thanks to Timothy Sykes, and others who have made their fortune trading on the stock market. But how have penny stocks performed recently, and is it worth investing in them?

photo/ Public domain pictures via Pixabay

Let’s take a look:

EnerJex Rescources Inc. (ENRJ)

EnerJex was selling stocks for $10 back in 2013, but 4 years later shares have fallen to as little as $0.30 (Prices correct as of July 2017). This small oil company is looking to turn its investments around, and the plan is to do this very soon, but it is not clear whether they will.

If you would like to invest in EnerJex, you might want to buy a few shares as they are priced quite low, but with no signs of improvement, you may want to cut your losses and play it safer elsewhere.

However, if you like to take a risk, and you think that prices may rise in the not-too-distant future, perhaps investing in a few hundred shares will be sufficient.

Remember that if share prices are low, you could have trouble selling them, so please don’t invest unless you really are willing to take that risk.

China Commercial Credit Inc. (CCR)

Listed on the Nasdaq exchange since 2013, China Commercial went into quite a bad decline that stopped trading for a number of months.

However, CCR returned to the market in 2015, and although it was hoped the company would do well, the share price lost a lot of ground and it was down to $0.26 in the first part of 2016.

CCR has since seen a recovery, and prices rose to $3.20 in 2016, which was distinctly higher than the start of the year. As of July 2017, the shares appear to be trading between $2.50 and $3.00, with an average of $2.68 at the time of writing.

China Commercial Credit Inc is set to achieve $3.50 by the end of the year, but it is too soon to speculate as to whether they will.

If you are interested in buying shares in CCR, now may be as good a time as any. With shares looking to rise by the end of 2017, you could make a nice profit if you get in quickly.

Exco Resources Inc. (XCO)

Exco found that their shares dropped below $1 in December 2016, and it looks as though prices are continuing to fall in 2017. However, the company has seen an increase in profit this year, and it could mean that things may be starting to look up.  

If you would like to invest in Exco, you should think about looking at the last 6 months’ of trading to see if a pattern emerges. If prices do rise and you have shares in the company, you could make a profit, but no-one can say for sure how much they will rise.

Share prices can change within moments, so if you’re thinking about investing in any of the above companies, please view the latest figures before you invest. Some companies do seem to be struggling, but things could change any minute now.

Only time will tell.

Author: Carmelo Hannity

About the Author

- Outside contributors to the Dispatch are always welcome to offer their unique voices, contradictory opinions or presentation of information not included on the site.

Displaying 1 Comments
Have Your Say
  1. How To Invest In U.S. Stock Market | The Global Dispatch | The Global Dispatch says:

    […] give you good returns but you need to do your due diligence before you invest in any of them. Small cap stocks have potential to give high returns but the research you undertake is more important. You need to find out if the company is making […]

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>



Recent Posts

Categories

Archives

At the Movies