Biotech penny stocks
are some of the most exciting investments. While cheap
penny stock picks
with small market caps can be aggressive buys, they don't always
have to be "all or nothing" investments.
The bottom line is that
should never by all-out gambles, even when it comes to aggressive
penny stock investing strategies. Simply by making sure the company
is listed on a major exchange and not traded OTC via pink sheets
you can reduce your risk. Also, if you make sure the penny stock in
question has decent fundamentals, you can have more faith in your
And when buying pressure and a recent surge in shares is on your
side, the potation for a high flying biotech pick is real.
To help you find companies like this, let me offer eight of my
favorite biotech penny stocks to buy now:
: Since the start of 2011,
) has watched its stock gain +35%, compared to smaller gains by the
broader markets. With a 52-week range of $1.17 to $2.30, LXRX is a
biotech penny stock worth looking at.
AVI BioPharma Inc
: Biopharmaceutical company
AVI BioPharma Inc.
) has experienced a price increase of +39% in the last 12 months.
More recently, the penny stock has gained +12% in the last three
months as well. Finally, a quarterly revenue growth of +37%,
year-over-year, is another reason this penny stock should be
) stock has not been particularly impressive as of late, the
company did report a quarterly revenue growth of +54%,
year-over-year, in its last income statement. Also, the company has
made progress with its franchise Kalbitor in the last year. Because
of its low stock price and various biotherapeutic products, DYAX
has the chance to bring large profits to your portfolio.
AEterna Zentaris Inc
: In the last 12 months,
AEterna Zentaris Inc.
) stock has jumped +119% compared to gains of +24% and +18% for the
NASDAQ and Dow Jones, respectively. More recently, AEZA has posted
a gain of +36% in the last three months, and could strengthen your
: After ending 2010 on a low note,
) has posted a gain of +5% for 2011. It should also be noted that
VICL posted a net revenue growth of +14% in its last income
statement as well. Trading just above $2, this penny stock is worth
adding your portfolio.
: Over the past 90 days, stocks of
) have gained +50%, compared to smaller gains by the broader
markets. More recently, RNN has jumped +9% in the last month as
Did a tobacco stock stumble on an Alzheimer's
Inovio Pharmaceuticals Inc
: Biotech company
Inovio Pharmaceuticals Inc.
) has posted a gain of +39% over the past six months. Importantly,
INO's DNA vaccine delivery technology was recently featured in the
scientific journal Human Vaccine. If Inovio's newest technology
continues to gain popularity, INO stock may take off.
6 consumer penny stocks to buy now
: Finishing off the list is
), which has posted a gain of +34% in the last six months. With a
52-week range of 62 cents to $1.45, CYTR is an affordable stock
that has the potential for big gains.
As of this writing, Louis Navellier did not own a position in
any of the stocks named here.