Just before discussing stocks under 10 cents all year round, it is important that some things are made plain. Stocks under 10 cents are not there because they don’t want to grow to bigger numbers per share.
The creators have understood the fact that most times, people do not appreciate things they not see value in or appreciate things they do not understand.
The hope was that this appreciation will come with time and people start to see value in their products or services. Everyone heard a lot about penny stocks back in the day.
They were cheap stocks that were selling for cheap at 5, 10, and 20 cents a share, available for everyone to buy.
This article takes a look at 21 stocks under 10 cents and how to buy them.
There is this thing about penny stocks. We may not all like it, but it the way it is – stock prices are unpredictable. Yes, unpredictable. Mark Hanna in the very famous movie “Wolf of Wall Street” said something that is very true and is the secret to investing in penny stocks.
He said “OK, first rule of Wall Street – Nobody – and I don’t care if you’re Warren Buffet or Jimmy Buffet – nobody knows if a stock’s going up, down or f-ing sideways, least of all stockbrokers. But we have to pretend we know.”
Now there are many schools of thought that disagree with this line of thought, but consider what Investor Warren Buffet says about investing “Remember that the stock market is a manic depressive.”
It is one that is down for so long and shooting for the stars the minute. These things are largely unpredictable without data, but like he Warren also says too “always stay rational.”
What are penny stocks?
Penny stocks are basically the stocks of a market that sells for very low. Investopedia defines penny stocks as “the stock of a small company that trades for less than $5 per share.
Though some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most trade via over the counter (OTC) transactions through the electronic OTC Bulletin Board (OTCBB) or through the privately-owned OTC Markets Group.”
It did not start off at it is, penny stocks used to be stocks that sold for less than a dollar, but it has increased since then.
Why are people scared of penny stocks?
To be listed on the largest national exchanges, you must be fully transparent about your financials, and your stock must remain above $1.00 per share.
This then leads to the adoption of over the counter-tactics. Companies that do not have what it takes, are unwilling to provide complete financial documentation, are unable to keep their stocks above $1.00 and filing for bankruptcy usually trade on the OTC market.
This is where Jordan Belfort made money. The reason why many do not trade penny stocks trading over the counter is mainly because of the lack of liquidity and the lack of regulations. Manipulation can occur and that is where it goes bad.
The aim is to trade penny stocks that are on national exchanges like the NYSE or NASDAQ.
Tiers of penny stocks
#1 – Tier 1
These stocks are those that are listed on a major stock exchange. They are mostly priced below $5 and can sometimes move over the edge. The difference is that this stocks are held to higher standards than those that are traded over the counter.
#2 – Tier 2
Tier 2 stocks are those that trade between $0.01 – $0.99. These stocks are relatively unsafe to trade. This is because they are not held to SEC standards in terms of reporting and accountability.
#3 – Tier 3
These are stocks that trade for less than $0.01. These are unsafe to trade and should only be traded at your own risk.
#4 – Tier 4
Tier 4 penny stocks are stocks that trade for $0.001 – $0.009. These stocks have extreme difficulties and you should do as much due diligence as you can before offering up your money.
How to buy penny stocks?
To buy penny stocks, you need to open an online brokerage account, fund it, then type the stock symbol of the company whose stocks you want to buy, then order to buy.
There are a number of brokerage firms like Robinhood that allow you the opportunity to create these accounts and access these stock channels.
If you settle for the terms of any, as surely there are always terms, then create an account and get to placing orders. It is important that you do your due diligence before dumping money.
21 stocks under 10 cents
This is a list of those stocks that are worth less than 10 cents and still counting
#1 – Texas Gulf Energy (TXGE)
Texas Gulf Energy is an integrated provider of energy services, oil and gas production, project management and professional consulting services. The Company serves the US and international refinery, chemical, construction, mining and power industries. Their stocks trade for less than 10 cents.
#2 – Valaris (VALPQ)
Valaris provides responsible solutions that deliver energy to the world. Their purpose is the driving force that defines us as a leading organization in our industry. Valaris stocks trade for less than 10 cents.
#3 – Dean Foods (DFODQ)
Dean foods is one of the nation’s leading dairy processors and distributors producing a full line of branded and private label products, including fluid milk, ice cream, and extended shelf life products, which are sold under Dean’s and other regional brand names. Dean’s stocks trade for less than 10 cents.
#4 – Sunshine Biopharma (SBFM)
Sunshine Biopharma is a pharmaceutical company focused on the research, development, and commercialization of oncology and antiviral drugs. In addition, Sunshine is engaged in the development and commercialization of science-based nutritional supplements. The stocks trade for less than 10 cents.
#5 – MJ Biotech (MJTV)
MJ Biotech is a fully integrated Bio-pharmaceutical company offering Human Insulin, Analogue Insulin, GLP1 agents both drug substances and formulations. Their stocks trade for less than 10 cents.
#6 – Enzolytics (ENZC)
Enzolytics Inc. operates as a drug development company. The Company develops drugs for the treatment of debilitating infectious diseases. Enzolytics serves the medical sector in the United States. The company’s stocks trade for less than 10 cents.
#7 – Alternet Systems (ALYI)
Alternet Systems, Inc. provides software solutions. The Company designs and develops digital payments and data analytics solutions for consumer goods, payments, financial services, and telecommunication sectors. Their stocks trade for less than 10 cents.
#8 – Arcis Resources Corp
The Company through its subsidiaries is a technology solution provider with a focus on software, web, mobile applications, and social media, as well as specializes in developing online information and directory portals for markets. Their stocks trade for less than 10 cents.
#9 – Galaxy Next Generation (GAXY)
Galaxy Next Generation, Inc. develops educational software. The Company offers learning technology hardware and software that allows the presenter and participant to engage in a collaborative instructional environment. Galaxy Next Generation serves clients in the United States. Their stocks trade for less than 10 cents.
#10 – Southcorp Capital (STHC)
Southcorp Capital, Inc. sells fuel and lubricants for motor vehicles. The Company also has convenience shops at all of its stations for consumer products. Their stocks trade for less than 10 cents.
#11 – SunHydrogen (HYSR)
SunHydrogen has developed a breakthrough technology to make renewable hydrogen using sunlight and any source of water. Renewable hydrogen is clean and green. SunHydrogen’s stocks trade for less than 10 cents.
#12 – Pacific Coast Oil Trust (ROYTL)
Pacific Coast Oil Trust owns net profit interests in producing and non-producing oil properties onshore in the Santa Maria Basin and Los Angeles Basin in California. Their stocks trade for less than 10 cents.
#13 – Byzen Digital (BYZN)
Byzen Digital Inc. operates as a blockchain technology company. The Company offers cryptocurrency trading exchange and data storage solutions. Byzen Digital serves clients worldwide. Their stocks trade for less than 10 cents.
#14 – Todos Medical (TOMDF)
Todos medical aims to provide the world’s population with innovative, affordable, and reliable early cancer screening. Their stocks trade for less than 10 cents.
#15 – Norwegian Air Shuttle ASA (NWARF)
Norwegian Air Shuttle ASA provides airline services. The Company offers air passenger transportation services within Norway and elsewhere in Europe. Their stocks trade for less than 10 cents.
#16 – ehave (EHVVF)
ehave, Inc. designs and develops healthcare software solutions. The Company focuses on the development of software-based assessment and remediation tools for children used in the professional assessment and treatment of cognitive disabilities. Their stocks trade for less than 10 cents.
#17 –Emerald Bioscience (EMBI)
Emerald Bioscience is a biopharmaceutical company headquartered in Long Beach, California, focused on the discovery, development, and commercialization of bioengineered cannabinoid-based therapeutics for significant unmet medical needs in the global markets. Their stocks trade for less than 10 cents.
#18 – Hemp (HEMP)
Hemp Inc. Is a company that grows and processes high CBD hemp grow. Now the company has invested in a pre-roll blending manufacturing facility in Las Vegas. Their stocks trade for less than 10 cents.
#19 – Goldsource Mines (GXSFF)
Goldsource Mines, Inc. is a Canadian resource company that is exploring and developing its gold project in Guyana. Their stocks trade for less than 10 cents.
#20 – SPO Global (SPOM)
SPO Global Inc. operates as a software company. The Company offers licensing software, supporting contracts, testing and monitoring software. Their stocks trade for less than 10 cents.
#21 – Water Now (WTNW)
Water Now, Inc. provides water purification equipment and services. The Company offers a portable machine that turns contaminated water into clean drinking water. Water Now serves customers in the United States. Their stocks trade for less than 10 cents.
There is an endless list of stocks that can be bought for less than 10 cents. Most of these are stocks under 10 cents all year round. If you would like to invest in more stocks less than 10 cents, then there are more that pop up every day.