By Kyle Anderson , Associate Editor , Money Morning • @KyleAndersonMM • February 10, 2014
Start the conversation
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Penny stock investing is attractive to those looking for huge gains in a short period of time, and the top 10 penny stocks of January 2014 prove that.
Each stock posted a gain of at least 97% in January alone – one gained an incredible 858%.
Investing in penny stocks can have its drawbacks and can be risky. But those investors who are prepared for the risks and jump on the right penny stock can double their money in days.
Just look at these top penny stocks last month.
Top 10 Penny Stocks from January 2014
GreenGro Technologies Inc. (OTCMKTS: GRNH) gained an incredible 858% in January. Pot penny stocks have soared since the legalization of marijuana in Washington and Colorado. GreenGro oversees the planning, construction, staffing, and operation of medical marijuana dispensaries and nurseries. GRNH stock was worth about $0.05 per share at the beginning of 2014, and ended at just over $0.43.
Verso Paper Corp. (NYSE: VRS) develops paper products that are used in a variety catalogs, magazines, retail inserts, and other commercial print items. At the end of January, VRS stock was trading at $3.00 after a one-month gain of 380%. Verso Paper has a market cap of just $158 million.
HEMP Inc. (OTCMKTS: HEMP) is a holding company with numerous subsidiaries related to marijuana and hemp. According to the company, its goal is to “offer ancient hemp solutions for today’s modern world while educating people of hemp’s many benefits and medicinal properties.”
HEMP stock has also ridden the pot stock wave and gained nearly 363% in January. That wasn’t the end for HEMP stock though – it’s up 1,332% year to date. The stock is still affordable at just $0.30 per share.
Cannabis Science Inc. (OTCMKTS: CBIS) is yet another pot penny stock to make the list, this one up 248% in January 2014. CBIS is a development-stage company dedicated to cannabis-based medications. The company is also engaged in medical marijuana research and development. CBIS stock finished the month of January just above $0.18 per share.
Hemp and Cbis are about to tank get out now.
Why do you think that?
i was thinking of investing why do u think this?
You’re definitely right about that one.. bout them at .32/share and down to .11/share…
Yes, why do you think so?
He thinks so because he is tanking it. Smells like a scared short seller typing to cover his margin.
How do I pay for my cash deposit?
What do you guys think of DSCR?
I own small portions of Every hemp/ marijuana stock I could find ( legit familiar to me companies)
I’m from California and believe me your going to want to get on the ride or you’ll definitely be left behind . Need to purchase of penny stocks. Which 5 would you buy? Mcig phot ERBB and hemp. ERBB should do well Monday I’m expecting a huge spike. How do i go about getting this stock and how much should i buy. Greg how do you define small? I’m not telling you it’s a bad investment but , imagine you have a gold/mineral mining company. . .
The over head is huge for these operations,and very few new mining operations are million dollar flowing operations. . . .if you invest in this company and they strike it rich and you bought enough stock you might make a few bucks.
More that likely it’s not a great buy , buy you never know they could strike it rich Cindy; if I had to pick my top 5 it would be (MCIG) (PHOT) (HEMP) (LAtF) and (ERBB) huge gains will be made with LAtF and ERBB. Phot has already made some huge gains along with mcig, and should start to trend back up. Your best one will have to be ERBB, I’m expecting some explosive activity Monday. What is a good stock to purchase on 3/26/2014 need some help. Currently with erbb not sure if its still good to stick with. What is the best website that I can start buying penny stocks? this is a warning do not investment in PTOG. i made a huge mistake with investing with them and i lost some money. they were putting phony numbers on the trade and the government held there account for ten business days when they allowed them to start back i lost way more then i bargain for because i 3636 shares. A good company is scottrade. A good company to invest for weed stock would have to be PHOT the reason why i say that is i open my shares with then around feb. and it was at 34 cents and it has went up to 65 cents PHOT is a good stock… Any idea of 3D printing penny stocks. WNTR is a major dark horse here. Great financials, terribly undervalued and just established a green fund. That is, more or less, a marijuana mutual fund that has already secured a $2 mil investment. They have $31m in assets, zero debt and were profitable last year I want super refind picks of indian market. NSC OR BSC Just beware the PUMP n Dump schemes especially on the CANNABIS stocks. Get in on the pump, get out BEFORE the dump otherwise you won’t be able to. I don’t know if any of you still look at this site but, by the looks of all these penny stocks it looks like you all could have lost a lot of money. But, if you don’t look at these companies as penny stocks and you take a look at one of them individually as a company and really research that company you will find out the truth in the company. It looks as though (PHOT) is being sued for everything they have and will go bankrupt either by losing the lawsuit or by paying for lawyers for the lawsuit and the bad publicity.
If you take out all the hype that goes into the stock for these companies that’s where you find the “meat and potatoes.” The point is, American Green (ERBB) looks like a great company with a lot of great improvements and acquiring of some great companies. The fact that they are getting automated machines into dispensaries in California and Seattle is great and as they get them into more dispensaries their profits will increase dramatically and the fact that they sell products for commercial growers and Cannabis is becoming legalized for medical use in more and more states it just means that they will grow that much bigger having their foot in the door in the industry already. http://americangreen.com/
Maybe penny stocks are subject to jerks doing “pump and dump” techniques on them but, this company will push through those jerks because it is a great company with a great business plan and execution. Please excuse the french. You’ll see a lot of growth from this company in coming months.
By Kyle Anderson , Associate Editor , Money Morning • @KyleAndersonMM • February 10, 2014 Start the conversation Or to contact Money Morning Customer Service, click here. This site uses Akismet to reduce spam. Learn how your comment data is processed. Penny stock investing is attractive to those looking for huge gains in a short period of time, and the top 10 penny stocks of January 2014 prove that. Each stock posted a gain of at least 97% in January alone – one gained an incredible 858%. Investing in penny stocks can have its drawbacks and can be risky. But those investors who are prepared for the risks and jump on the right penny stock can double their money in days. Just look at these top penny stocks last month.
Erbb stock price