The 3 Top Penny Stocks To Buy And Hold In April 2020

Markets have absorbed the news that U.S. states have extended their social distancing policies and shutdown of nonessential businesses. Unemployment could sour to levels not seen since the Great Depression. And Second Quarter GDP may plunge by as much as 40%, according to analysts at JPMorgan Chase.

However, the U.S. markets continue to hold up under this pressure. At times like this, it's hard to remember that the market (aided by the U.S. Federal Reserve) is not the economy, and the economy is not the market. Still, some investors may be nervous about buying and holding stocks right now – particularly expensive ones trading at $100, $500, or even $2,000 or more.

That's why penny stocks are so popular, especially now. Because they trade under $5 per share, we can tap into inexpensive stocks that have high profit potential due to coronavirus, and ride them out until the breakout ends. Of course, investing in penny stocks is more speculative. So you should only invest money you can afford to lose when it comes to penny stock investing.

Today, we're looking at three of the top penny stocks to buy in April.

Top Penny Stocks to Buy Now, No. 3: B2Gold

The ongoing surge in demand for physical gold has created a massive dislocation between the futures and the spot markets. Gold production stocks have been ticking higher, and the runs will continue in the future.

The recent efforts by the U.S. Federal Reserve and Congress have showered the U.S. economy with more cash and more liquidity. And it's likely to be even higher in the future as the COVID-19 crisis continues.

Gold prices are heading higher as the flight to safety continues in a zero-interest rate environment. This puts senior gold production in focus and creates a terrific opportunity for B2Gold Corp. (BTG). It's a Canadian public mining firm based in Vancouver, British Columbia.

BTG owns mines in Namibia, the Philippines, Colombia, Burkina Faso, and Mali. The company expects forecasts for consolidated gold production of between 1,000,000 and 1,055,000 ounces this year.

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