Are you interested in investing in the top marijuana stocks to buy? In 2021 the cannabis market is seeing massive growth with the expansions in the adult-use marijuana market. With more states legalizing cannabis programs, the next five years could produce massive growth for the industry. One area of the market that’s seen the most momentum this year is marijuana penny stocks.
In general penny stocks is any securities trading under the $5 price range. Although these cannabis stocks are some of the more volatile stocks in the cannabis sector, they have also produced the highest returns in the first quarter. One marijuana penny stock that gained national attention with Reddit and Robinhood investors is Sundial Growers Inc. (NASDAQ: SNDL). After reaching a new 52 week high in February of $3.96 per share the stock is now trading at $0.7809 on May 21st.
But from these recent levels, cannabis penny stocks have more potential for gains for new investors. Finding the right ones to invest in requires due diligence on the part of the investor. In general, researching a company’s financials and studying how the stock performs in the market can help you make sound investment decisions when trading. Especially with volatile penny stocks, it’s important to start your position at a place that can deliver the most returns.
Trading Top Penny Stocks For Gains
Many investors currently prefer to trade marijuana penny stocks for short-term gains. The…
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Are you interested in investing in the top marijuana stocks to buy? In 2021 the cannabis market is seeing massive growth with the expansions in the adult-use marijuana market. With more states legalizing cannabis programs, the next five years could produce massive growth for the industry. One area of the market that’s seen the most momentum this year is marijuana penny stocks.
In general penny stocks is any securities trading under the $5 price range. Although these cannabis stocks are some of the more volatile stocks in the cannabis sector, they have also produced the highest returns in the first quarter. One marijuana penny stock that gained national attention with Reddit and Robinhood investors is Sundial Growers Inc. (NASDAQ: SNDL). After reaching a new 52 week high in February of $3.96 per share the stock is now trading at $0.7809 on May 21st.
But from these recent levels, cannabis penny stocks have more potential for gains for new investors. Finding the right ones to invest in requires due diligence on the part of the investor. In general, researching a company’s financials and studying how the stock performs in the market can help you make sound investment decisions when trading. Especially with volatile penny stocks, it’s important to start your position at a place that can deliver the most returns.
Trading Top Penny Stocks For Gains
Many investors currently prefer to trade marijuana penny stocks for short-term gains. The…
