Penny Stocks Analysts Love

TM Editors' Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

I’m here to help you guys out. There’s no simple “get rich quick” scheme. Your fantasies about finding a penny stock that you can throw $100 at and turn into a million bucks are just that, fantasies. You have a better chance getting struck by lightning with a winning Powerball ticket in your hand after Adam Silver just named you the number one pick in the NBA draft. Snowball’s chance in you know where, a championship banner being raised in Cleveland, a gorgeous billionaire heiress asking you to marry her the day her Dad kicks the bucket.

But, that doesn’t mean you can’t make a few bucks on penny stocks. As a matter of fact, some of these penny stocks have analysts that follow them. Not only are they being followed, they are also getting positive earnings estimate revisions. That means we’re getting Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks.

I’ve put together a list here of the five best penny stocks you can roll the dice with. Many of these used to trade much higher. But the potential for huge returns is still there. So if you’re looking for a way to make money on penny stocks and not get ripped off on some scam, I’ve got five solid penny stock picks for you to take a look at.

Avino Silver and Gold (ASM - Snapshot Report)

Avino Silver & Gold Mines Ltd. is engaged in exploration and development of mineral properties. The company primarily explores for silver along with gold, copper and lead. Its properties are mainly located in British Columbia, the Yukon Territory, Mexico and Canada.

This was a $3 stock last September. The price of gold put pressure on shares and forced them through the $1 level to penny stock territory. It looks like there may be some support here at the 90 cent level as the commodity channel index dropped down to extreme oversold territory. With a Zacks Rank #2 (Buy) and a Momentum and Value Style Score of “A” perhaps the earnings picture is improving.

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