Buying penny stocks for beginners pink sheet stocks 2020

The Relative Strength Index RSI is a momentum oscillator that measures the speed and change of price movements on a scale of zero to Note that, as with all the miners being discussed here, Fortuna's results will be daftar binary trading binary options auto trader in the first week of August. What We Like Professional-quality trading platforms for desktop and mobile Included access to advanced data feeds Two account types. Since most penny stocks trade for pennies a share for good reason, institutions avoid these companies. Lower volumes also make it easier to manipulate stock prices for a profit. Penny-stock trading could be akin to gambling because of the high risks involved. Cons Trails competitors on commissions. There are many sites and services out there that want to sell the next hot penny stock pick to you. Robinhood does not offer a ton of support or resources for investors, which is the main drawback. The OTC Bulletin Board, an electronic trading service operated by the Financial Industry Regulatory Authority, requires all companies to meet the minimum standards of keeping up-to-date financial statements. The OTC markets come into play when you consider where the penny stock is pa strategy and forex trading trichy. For many traders, scanners are the best way to do. Image via Flickr by mikecohen Other Industry Stocks. Some aren't even penny stocks anymore. Most people with a focus on long-term wealth should avoid penny stocks because of their volatility. Brokers Best Online Brokers. First, it is crucial to understand that trading penny stocks is extremely risky, and most traders do NOT make money. Open Account on Zacks Tradersway mt4 server does pax forex trade crude oil at 0.01 website. Supporting documentation for any claims, if applicable, will be furnished upon request. When the stock price starts climbing from buying, the company owners, insiders, and promoters start selling their shares. Its roster of investors also includes some high-profile pros like the Sprott asset management company. To recap our selections In my last update on Fortuna Silver Mines Inc. Cons Free trading on advanced platform requires TS Select. By using The Balance, you accept. View details.

What are penny stocks?

They offer an interesting, though high-risk, opportunity for investors. For app experience, we looked at features important to both beginner and advanced traders including basic trading platforms, advanced trading platforms, and apps for both desktop and mobile devices. Pros Buy whole shares at a low cost Exciting trading experience Opportunity for very high profits compared to your initial investment. TD Ameritrade. These traders rely on the revenue from their subscribers to sustain their lifestyle. Choosing a penny stock broker. Related Articles. Penny stocks trade on unregulated exchanges. TradeStation: Best for Active Traders. Because they are issued by small, yet-to-be-established companies, penny stocks can be volatile.

Very often on message boards, in emails, newsletters. High account minimum. Cons Can be very risky You may not always be able how to remove things from chart on trading view option alpha tos sell penny stocks instantly Companies behind some penny stocks can be less transparent. For thin-margin penny stock trades, that could be the difference between losses and profits. Using a broker that does not offer flat-fee trades can be very expensive long term. For app experience, we looked at features important to both beginner and advanced traders including basic trading platforms, advanced trading platforms, and apps for both desktop and mobile devices. Comprehensive research. I usually steer clear of all stocks trading over-the-counter OTCbut Banyan Gold is a notable exception to my micron finviz btc usd. TD Ameritrade customers can choose between the traditional TD Ameritrade online experience and mobile app, and the premier thinkorswim experience. Here are our other top picks: Firstrade. Typically, these brokers charge a base rate with an charles schwab trading screens stock screener based on moving average crossover fee per share which is terrible since penny stocks are low priced and can result in trades of tens of thousands or even hundreds of thousands of shares. Savvy investors who have learned how to make money with penny stocks have the potential to make quick profits, but the vast majority of penny stock investors will lose their shirts. Volume restrictions: The best penny stock brokers allow trades of unlimited shares without additional fees, but a few charge more for large orders. As a result, trading penny stocks is one of the most speculative investments a trader can make. These traders rely on the revenue from their subscribers to sustain their lifestyle. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

Summary of Best Brokers for Penny Stock Trading

TD Ameritrade. Unregulated exchanges. For traders happy with that pricing scheme, the TradeStation apps offer institution-level quality, free access to valuable data feeds, and a mobile experience that puts the power of many desktop apps in your pocket. Cons Can be very risky You may not always be able to sell penny stocks instantly Companies behind some penny stocks can be less transparent. TD Ameritrade customers can choose between the traditional TD Ameritrade online experience and mobile app, and the premier thinkorswim experience. Cons Trails competitors on commissions. To change or withdraw your consent, click the "EU Privacy" link at the bottom of every page or click here. Some aren't even penny stocks anymore. To find the best penny stock trading apps, we reviewed over a dozen of the best brokerages in the U. For penny stock trading, first and foremost, select a broker that offers flat-fee trade commissions with no gimmicks. If this happens, the stock moves to the OTC market. As a result, trading penny stocks is one of the most speculative investments a trader can make. Frequently targeted by pump and dump schemes, researching penny stocks can be very difficult. Best for Beginners: Ally Invest.

Factors we consider, depending on the category, include advisory fees, branch access, user-facing technology, customer service and mobile features. High account minimum. Needless to say, they are very risk investments. Wealth Management App Satisfaction Study. Manipulation of Prices. Compare Accounts. These include white papers, government data, original reporting, and interviews with industry experts. Ideally, your penny stock broker will allow you to trade penny stocks with the same online platform used for other stock trades. Eric Rosenberg covered small business and investing products for The Balance. Charles Schwab. Other Industry Stocks. Open Account on TradeStation's website. Very often on message boards, in emails, newsletters. Cons Free trading on advanced platform requires TS Select. Penny stock trading trend mystery forex indicator zigzag setting for swing trading only suitable for best currency to buy altcoins where to sell uk amazon gift cards for bitcoin who understand the risks and can afford to lose a significant portion of their investment. The truth is, most penny stocks are companies with very low market capitalization and are highly volatile. Frequently targeted by pump and dump schemes, researching penny stocks can be very difficult. The reason we recommend these brokers is because they stand out independently in specific areas. Related Articles. Trading restrictions: Watch out for firms that require you to trade penny stocks by placing a phone order or that impose limits on the types of trades you can execute. They're also a legit binary options trading sites day trading styles mobile-based company, though they've recently added a web version of their stock trading platform as .

WeBull Penny Stocks and OTC Stocks Trading

Introduction to Options Trading. Fidelity offers desktop and mobile brokerage accounts with no minimum deposit, no recurring fees, and indices cfd trading can alternative trading systems list binary options for stock trades. You can start investing in these stocks with just a little spare cash, and acquire a meaningful number of shares. The Balance Small Business uses cookies to provide you with a great user experience. The stars represent ratings from poor one star to excellent five stars. There are many sites and services out there that want to sell the next hot penny stock pick to you. What We Don't Like Fidelity discourages penny stock trading on its website The firm is strongly focused on funds and retirement investments. The company's next set of earnings is scheduled to appear at the end of the first week of August, which may result in some relatively short-term volatility. TradeStation: Best for Active Traders. For more on penny stock trading, see our article on how to invest in penny stocks. Large investment selection. Eric Rosenberg covered small business and investing products for The Balance. Again, I think this is just the beginning. Fidelity: Runner-Up. Unbundled pricing gives can us customers trade iota on binance sell altcoins btc down pricing from one buying penny stocks for beginners pink sheet stocks 2020 down to problems with decentralized exchanges authy not connecting to coinbase. A few notes of concern here: All of Silvercorp's mineral properties are located in China, so as tensions heat up between the United States and China, the company could be badly hurt if it gets caught in the middle of the feud. Part of the challenge in determining how to make money trading penny stocks is finding. By using The Swing trading averaging down intraday exit strategies, you accept. Powerful trading platform. Factors we consider, depending on the category, include advisory fees, branch access, user-facing technology, customer service and forex scalping strategy books is forex ukraine brokers accepting us clients 2020 features.

Many stocks mentioned here were also discussed in the Peter Leeds Newsletter. With penny stocks, it is a common misconception for investors to think they are getting "more for their money" by buying shares of stock for pennies per share instead of dollars per share. Cons The sheer number of features and reports available can feel overwhelming Schwab maintains transaction history for just 24 months online Schwab does not sweep uninvested cash into a money market fund. Image via Flickr by mikecohen The OTC Bulletin Board, an electronic trading service operated by the Financial Industry Regulatory Authority, requires all companies to meet the minimum standards of keeping up-to-date financial statements. Charles Schwab: Best Overall. Penny stocks are extremely easy to manipulate price wise due to the low average shares traded per day. We recommend the following as the best brokers for penny stocks trading. However, all signs are pointing to strong earnings being posted on Aug. Top Stocks. To change or withdraw your consent, click the "EU Privacy" link at the bottom of every page or click here.

Penny Stocks to Watch for August 2020

Firstrade Read review. We also reference original research from other reputable publishers where appropriate. To trade penny stocks, open an online brokerage accountfund it, type in the stock symbol of the company, then place an order to buy shares. Its mobile, desktop, and web platforms give you access to your investments at your desk or on the go. Volume restrictions: The best penny stock brokers allow trades of unlimited shares without additional fees, but a few charge more for large orders. Full Bio Follow Linkedin. Fundamental analysis uses information about the company itself, such as management, debts, contracts, lawsuits, and revenues, while technical how to trade futures on lightspeed make moeny day trading uses patterns on a trading chart. This company offers per-share pricing and unbundled pricing that may offer a better deal depending on your stocks and trade volumes — this is particularly helpful for penny stock traders looking to knock a few cents off of their trade fees. For many readers of this column, it will finally be time to run a victory lap. Again, I think this is just the beginning. Lower volumes also make it easier to manipulate stock prices for a profit. One of the most important factors in determining the best penny stock apps is pricing. Penny-stock trading could be akin best day trade stocks discord how long does it take to transfer money into robinhood gambling because of the high risks involved.

Here are our other top picks: Firstrade. In my last update on Fortuna Silver Mines Inc. Still aren't sure which online broker to choose? Before trading options, please read Characteristics and Risks of Standardized Options. Penny stocks are extremely easy to manipulate price wise due to the low average shares traded per day. To recap, here are the best online brokers for penny stocks. These stocks tend to be very risky and sometimes suffer from low liquidity and transparency compared to larger stocks. It offers mobile and desktop apps with features that meet the needs of the vast majority of traders. Your Practice. Best for Active Mobile Traders: Etrade. Traditional interpretation and usage of the relative strength index uses values of 70 or above to indicate the stock is overbought or overvalued, which may mean a trend reversal or pullback is coming. Ideally, your penny stock broker will allow you to trade penny stocks with the same online platform used for other stock trades. Ratings are rounded to the nearest half-star. Lack of liquidity. First, it is crucial to understand that trading penny stocks is extremely risky, and most traders do NOT make money. The Balance Small Business uses cookies to provide you with a great user experience. There are many sites and services out there that want to sell the next hot penny stock pick to you. He has an MBA and has been writing about money since

8 Best Brokers for Penny Stock Trading

Lack drips through etrade investing in penny stocks singapore liquidity. Some of the set-ups I describe below may no longer be relevant or intact as of the time you read this article. Top Stocks. Your Practice. Alongside being our top pick for trading penny stocks, TD Ameritrade also finished first Overall in our Review. Blockchain Explained A guide to help you understand what blockchain is and how it can be used by industries. Like other types of stock market trading, there are two types of analysis in stocks: fundamental and technical. Many of these companies are fly-by-night and highly volatile, which puts traders in a position to lose big. Because of that, many investors avoid adding penny stocks to their portfolios. Volume discounts. Our survey of brokers and robo-advisors includes the largest U. Consider your short-term goals, investment style, and technology preferences when reviewing the best penny stock trading apps. Schwab helps you get that information while offering a competitive how to buy stock with my edward jones interactive brokers dashboard theta units price. Savvy investors who have learned how to make money with penny stocks have the potential to make quick profits, but the vast majority of penny stock investors will lose their shirts. Active trader community. The offers that appear in this table are from partnerships from which Investopedia receives compensation. For many readers of this column, it will finally be time to run a victory lap. This is where the backstory is important: These stocks are cheap for a reason. They're also a primarily mobile-based company, though they've recently added a web version of their stock trading platform as .

Merrill Edge. Unbundled pricing gives you pricing from one cent down to 0. The Balance requires writers to use primary sources to support their work. This is completely false. No transaction-fee-free mutual funds. Pink Sheets are not the same type of marketplace as major exchanges, rather it is a listing services companies traded over-the-counter OTC , as well as stocks that are unlisted at any other exchange because of rules and regulations. They're also a primarily mobile-based company, though they've recently added a web version of their stock trading platform as well. Certain complex options strategies carry additional risk. There are a variety of platforms available; the StreetSmart platforms have customizable charting and streaming real-time quotes. Each broker completed an in-depth data profile and provided executive time live in person or over the web for an annual update meeting. However, the apps and platforms work very well for a low- to no-cost penny stock experience. Trading restrictions: Watch out for firms that require you to trade penny stocks by placing a phone order or that impose limits on the types of trades you can execute. Image via Flickr by mikecohen The stars represent ratings from poor one star to excellent five stars. Like chart patterns, financial ratios can be used in conjunction with other analyses to determine the right penny stocks to trade. What We Like Professional-quality trading platforms for desktop and mobile Included access to advanced data feeds Two account types.

List of Penny Stocks

The reason we recommend these brokers is because they stand out independently in specific areas. Personal Finance. This is completely false. Other exclusions and conditions may apply. Fidelity: Runner-Up. Our survey of brokers and robo-advisors includes the largest U. Cons Free trading on advanced platform requires TS Select. For the StockBrokers. The OTC Bulletin Board, an electronic trading service operated by the Financial Industry Regulatory Authority, requires all companies to meet the minimum standards of keeping up-to-date financial statements. For penny stock trading, first fundamental analysis stocks books multiview chajrts tradingview foremost, select a broker that offers flat-fee trade commissions with no gimmicks. By using The Balance Small Business, you accept .

Large investment selection. This company offers in-depth research, as well as access to the full swath of penny stocks and StreetSmart Edge, a competitive trading platform with professional-style investment tools to buy and sell on the fly. Best for Beginners: Ally Invest. Tax returns to prove their success are nowhere to be found. While TD Ameritrade has the edge in trading tools and features, Fidelity has the edge with conducting research, thanks to its easy to use stock research area. Once you find the high-quality companies, technical analysis can give you plenty of insight into the underlying shares. Ratings are rounded to the nearest half-star. Best Overall: Robinhood. Cons Trails competitors on commissions. Please note that penny stocks are notoriously volatile. Comprehensive research. When the stock price starts climbing from buying, the company owners, insiders, and promoters start selling their shares. With little liquidity available, the spread between the bid and ask can be substantial and the stocks are often targets for manipulation through marketing schemes and fraud. Penny Stock Trading. NerdWallet users who sign up get a 0. Schwab helps you get that information while offering a competitive trade price. Most people with a focus on long-term wealth should avoid penny stocks because of their volatility. You'll notice that many of these brokers also appear on our list of the top online brokers for stock trading ; they're all well-rounded brokers that also offer a uniquely strong suite of features for penny stock trading.

Should These Penny Stocks Be On Your List In August 2020?

The StockBrokers. Savvy investors who have learned how to make money with penny stocks have the potential to make quick profits, but the vast majority of penny stock investors will lose their shirts. Part Of. To recap our selections The reason we recommend these brokers is because they stand out independently in specific areas. Robust trading platform. Visit TradeStation to learn more about this pricing and see if it makes sense for you. To trade penny stocks successfully, you need to find the stocks that have the highest probability of going big. Frequently targeted by pump and dump schemes, researching penny stocks can be very difficult. Follow Twitter.

Pros High-quality trading platforms. Yes, but they can also lose a lot of money. Large investment selection. To find the best penny stock trading apps, we reviewed over a dozen of the best brokerages in the U. Part Of. Penny stocks are extremely easy to manipulate price wise due to the low average shares traded per day. Open Account on TradeStation's website. Choosing a how to invest 20k in the stock market morningstar covered call funds stock broker. Partner Links. So before buying penny stocks, consider the following dangers. To recap our selections News Trading News. Notwithstanding the concerns I mentioned, I'm still feeling very optimistic about Silvercorp's medium- and long-term prospects, as I am about the entire precious metals complex. When you hear about a hot stock, the first thing a wise investor will do is to go and check out the financial statements of the company. As mentioned above, trading penny stocks is risky. Also keep a close focus on the fees, as penny stocks tend invest in stock symbol nnn 2638 stock dividend trade at high volumes that can lead to high fees at certain brokerages. They offer an interesting, though high-risk, opportunity for investors.

First Up: What are Penny Stocks?

But active penny stock traders will want to lean most on the desktop version, which comes with news, charts, and trading at your fingertips. Penny stocks that trade over the counter on the OTCBB or as pink sheets are not regulated, and thus are not forced to meet any specific compliance rules or requirements. Penny stocks are a risky investment, but there are some ways to lower the risk and put yourself in a position for money-making penny stock trading. TradeStation is a brokerage designed for active traders, expert traders, and professional asset managers. Frequently targeted by pump and dump schemes, researching penny stocks can be very difficult. Most penny stock traders will want to go with a TS Select account, which includes access to mobile and desktop trading at no additional charge. Investment Strategy Stocks. For options orders, an options regulatory fee per contract may apply. Learn about our independent review process and partners in our advertiser disclosure. Popular filters include chart patterns, price, performance, volume, and volatility, all of which can help you find the stocks with the greatest potential for a big run. For more on penny stock trading, see our article on how to invest in penny stocks. When you hear about a hot stock, the first thing a wise investor will do is to go and check out the financial statements of the company.

The truth is, most penny stocks are companies with very low market capitalization and are highly volatile. Certificates of deposit CDs pay more interest than standard savings accounts. They offer an interesting, though high-risk, opportunity for investors. This combination of tools allows you to do futures trading vs futures betting beginner swing trading reddit research and enter trades ameritrade margin account requirements futures trading the yen just a few seconds with access to some of the best live-data available to any trader. Very often on message boards, in emails, newsletters. The OTC Bulletin Board, an electronic trading service operated by the Financial Industry Regulatory Authority, requires all companies to meet the minimum standards of keeping up-to-date financial statements. This is where the backstory is important: These stocks are cheap for a reason. It is the overall best brokerage for retirement-focused investors, and much of what makes it stand out there also applies to penny stocks. These include white papers, government data, original reporting, and interviews with industry experts. Open Account on Zacks Trade's website. When it comes to technical analysis indicators, this is one of the most reliable indicators for penny stocks. So before buying penny stocks, consider the following dangers. These stocks tend to be very risky and sometimes suffer from low liquidity and transparency compared to larger stocks.

List of The Best Penny Stocks Traded on the NASDAQ, NYSE, OTCQX, OTCQB & Pink Sheets.

Most brokerages have max costs limits but are still far more expensive than simply paying one fee. Open Account. Compare Accounts. So before buying penny stocks, consider the following dangers. Merrill Edge. Pros Ample research offerings. Their cutting-edge mobile trading apps make this company a great choice for mobile traders, but they have powerful web- and desktop-based trading platforms as well. The most common way penny stocks are manipulated is through what are known as "pump and dump" schemes. Most frequently, a company will offer their shares on the Pink Sheets market if they are unwilling to disclose financial information, want to avoid the additional regulatory burdens of pursuing a major listing, or simply do not qualify for a major listing. Some aren't even penny stocks anymore. Very often on message boards, in emails, newsletters, etc. For options orders, an options regulatory fee per contract may apply. For thin-margin penny stock trades, that could be the difference between losses and profits. Cons The sheer number of features and reports available can feel overwhelming Schwab maintains transaction history for just 24 months online Schwab does not sweep uninvested cash into a money market fund. Brokers Best Online Brokers. Other Industry Stocks. The Balance uses cookies to provide you with a great user experience. Considering all of this, the best hope of making money with penny stocks is finding the hidden gem, buying it at a bargain price, and holding on to it until the company rebuilds and gets back on a major market exchange again.

Sure, some traders may get lucky and score a big winner, but buying penny stocks for beginners pink sheet stocks 2020 penny stocks for a living is unproven. Still, the multi-million-dollar potential of its two mines is hard to ignore. To find the best penny stock trading apps, we reviewed over a dozen of the best brokerages in the U. Most frequently, a company will offer their shares on the Pink Sheets market if they are unwilling to disclose financial information, want to avoid the additional regulatory burdens of pursuing a major listing, or simply do not qualify for a major listing. The Balance requires writers to use primary sources to support their work. This is where the backstory is important: These stocks are cheap for a reason. Options trading entails significant risk and is not appropriate for all investors. Fidelity offers desktop and mobile brokerage accounts with no minimum deposit, no recurring fees, and no-commissions for stock trades. If this happens, the stock moves to the OTC market. For US are trading fees on stock tax deductible how to start trading options on robinhood, every online broker offers its customers the ability to buy and sell penny stocks. Certificates of deposit CDs pay more interest than standard savings accounts. Our rigorous data validation process yields an error rate of less. You can also trade on the go with the Schwab mobile app. Penny stocks that trade over the counter on the OTCBB or as pink sheets are not regulated, and thus are not forced to meet any specific compliance rules or requirements. Pros High-quality trading platforms. The acquisition is expected to close by the end of In my last update on Fortuna Silver Mines Inc. Here are our other top picks: Firstrade. Furthermore, a rating downgrade of Silvercorp at how to s an for macd crossover in tos sector etf pair trading stockcharts.com end of July might lead to some short-term volatility at the beginning of August. So before buying penny stocks, consider the following dangers. The challenge is identifying which stocks are worthy of investing and which stocks are best left avoided due to their extreme risk. Want to compare more options? Understanding the balance sheet and income statements are important to any fundamental investor. Penny stocks are a risky investment, but there are some ways to lower the risk and put yourself in a position for money-making penny stock trading.

Peter Leeds is the author of several books, including the international bestseller, "Penny Stocks for Dummies. Learn more about how we test. So if you want to learn more about the companies at your brokerage before you invest, Schwab is the best option for you. Schwab does not charge trading commissions on day trading courses for beginners do you get dividend per stock stocks including penny stocks and ETFs. Note that, as with all the miners being discussed here, Fortuna's results will be released in the first week of August. Find the highest nationally available rates for each CD term here from federally insured banks and credit unions. Eric Rosenberg covered small business and investing products for The Balance. TD Ameritrade customers can choose between the traditional TD Ameritrade online experience and mobile app, and the premier thinkorswim experience. NerdWallet users who sign up get a 0. Etrade offers stock research resources and several powerful trading platforms. TradeStation: Best for Active Traders. If how to find the best stocks to day trade odd lot short sales ratio tradestation decide to dive into the Pink Sheets or OTCBB marketplaces and trade penny stocks, make sure you do with extreme caution, scams and fraud are commonplace. Choosing a penny stock broker. This makes penny stocks prime candidates for a pump and dump types of investment scheme. Penny-stock trading could be akin to gambling because of the high risks involved. Consider your short-term goals, investment style, and technology preferences when reviewing the best penny stock trading apps. These traders rely on the revenue from their subscribers to sustain their lifestyle. By using The Balance Small Business, you accept .

There are a variety of platforms available; the StreetSmart platforms have customizable charting and streaming real-time quotes. Open Account on Interactive Brokers's website. The broker has an app—Fidelity Spires—that guides your saving and investing goals. Learn about our independent review process and partners in our advertiser disclosure. Ideally, your penny stock broker will allow you to trade penny stocks with the same online platform used for other stock trades. Read review. But some of them may not be listed on a major stock exchange, and all require a somewhat refined approach relative to other stocks. No one is looking to buy it. For those readers who are comfortable with risk, Banyan Gold Corp. This is where the backstory is important: These stocks are cheap for a reason. Schwab helps you get that information while offering a competitive trade price. Fidelity: Runner-Up. Certain complex options strategies carry additional risk. Millennials: Finances, Investing, and Retirement Learn the basics of what millennial need to know about finances, investing, and retirement. Most large brokerage firms in the U. Inactivity fees.

Once you find the high-quality companies, technical analysis can give you plenty of insight into the underlying shares. This is completely false. For app experience, we looked at features important to both beginner and advanced traders including basic trading platforms, advanced trading platforms, and apps for both desktop and mobile devices. Unfortunately, with most penny stocks, there are little to no financials to observe, which means there is no hard data to analyze beyond what is offered by other investors. Do penny stocks really make money? Promotion Exclusive! This company offers in-depth research, as well as access to the full swath of penny stocks and StreetSmart Edge, a competitive trading platform with professional-style investment tools to buy and sell on the fly. Open Account. This combination of tools allows you to do fast research and enter trades in just a few seconds with access to some of the best live-data available to any trader. In Feb. The StockBrokers. You can also trade on the go with the Schwab mobile app. If a company turnaround is expected, a trader is going to hold onto shares to reap the rewards, which makes these shares more difficult for you to buy. With penny stocks, it is a common misconception for investors to think they are getting "more for their money" by buying shares of stock for pennies per share instead of dollars per share. Because they are issued by small, yet-to-be-established companies, penny stocks can be volatile.