The latest trading day saw Lithium Americas Corp. (LAC) settling at $2.81, representing a +0.36% change from its previous close.
Penny stocks offer savvy investors a whole host of opportunities. Though there will always be purely speculative plays, some promising companies can become high-quality stocks in the future. The major growth catalyst for penny stock investors is the potential for interest rate cuts later this year. Core inflation slowed down last month, but the Federal Reserve has elected to keep interest rates steady at 5.25% to 5.5%. Nevertheless, a rate cut is coming sooner than later, which makes it an excel
Penny stocks have the tendency to surprise when it comes to delivering stellar returns at the blink of an eye. A good example is Novavax (NASDAQ:NVAX) that has delivered 203% returns for year-to-date. With the meme stock euphoria on the cards, it’s likely that 3x to 5x returns will be seen in a matter of weeks. I would, however, prefer to remain conservative and focus on quality ideas within the penny stocks space. It makes sense to buy a stock that steadily trends higher than buying an idea tha