Gold Penny Stocks To Buy

Gold Penny Stocks

The gold penny stocks are ideal to buy right now because of the way that almost all metal prices seem to continue rising. Many gold stocks are already priced prohibitively high, but emerging mining companies and other hot penny stock picks in gold can let you get in before the stock price goes up, if this occurs. Even with metal prices at incredible highs, this does not mean that all gold stocks will increase in value. Many gold penny stocks will not go anywhere, and will result in an investment loss. The good news when this happens is that your losses may not be as much, but this scenario can usually be avoided with careful research and stock analysis.

It is not always easy to find penny stocks in the gold sector which meet all of your investing criteria, but there are stock screeners and websites which can help you locate possible stocks to evaluate. One of the recommended gold penny stocks according to both traders and experts is Anooraq Resources, ANO. While the share price of this stock is more than one dollar and may not fit every trader’s definition of a penny stock, it is expected to do great things by many. With the current gold price prediction this stock has increased in value, and will probably continue to do so.

Quaterra Resources, trading under QMM, is another one of the gold penny stocks which is a top pick. This company trades for less than $1.50 a share, and is in precious metals exploration that involves the southwestern USA and Mexico. While looking for stocks to evaluate and invest in, care needs to be used to avoid the many penny stock scams which are out there. If a stock or investment seems too good to be true, it usually is. When investing in gold penny stocks make sure to do your homework, so you do not end up being a victim of fraud or other scams.