Cheap Penny Stocks Under 50 cents

Cheap Penny stocks under 50 cents, does that even sound true ? YES of course, despite their volatility in the stock market, investors still find these cheap penny stocks under 50 cents quite worthy to add to their investment portfolio.

A general question to be asked is, even though it’s attractive to buy stocks that are at a very low price, but how does it bring value to an investor’s portfolio?

The answer shall be discussed in the last segment of this article, but before we get there, let’s discuss some penny stocks that are currently trading below USD$1.

List Of Cheap Penny Stocks Under 50 Cents.

  1. Advaxis: This is a biotech company that specializes in the development of treatments for lung cancer. Though it specializes in immunotherapy, ADVAXIS currently is developing drugs that are still in their early trial phases. It is one of the cheapest stocks on Robinhood with a stock price of $0.10.
  2. The Now Corporation (OTC: NWPN): This is a biopharmaceutical company that specializes in carrying out medical and biological research, specifically, for medical marijuana. Looking at the bigger picture, there could be a major breakthrough for this company despite its ‘low’ market cap. They could be onto making something ‘medical’ out of marijuana; who knows?
  3. Inuvo Inc. (NYSE: INUV): This is an artificial intelligence company whose goal is driven towards making available AI-driven commerce solutions. It currently trades at a price of $0.53.
  4. Global Fiber Technologies, Inc. (OTC: GTFX): This is an interesting work wear company, and what makes it personally intriguing is how their products cover all areas of the most demanded work wear types. From producing work wears for security, health and food care, military, and many more, this company is capable of recycling old work wears. For every source that tables to them damaged work wears that are recyclable, they offer a certain credit upon your next purchase? How doesn’t this sound distinct from other clothing industries? With a market cap of $4 million and brilliant distinction from rivaling clothing companies, investors should be considering themselves lucky to be investing in the company’s stocks.
  5. Histogen Inc. (NASDAQ: HSTO): This is a therapeutics company that is still at its clinical stage and it focuses on manufacturing products sourced from fibroblast cells that are morphed under simulated conditions. This company is currently trading at a price of $0.22. 
  6. Brickell Biotech Inc. (NASDAQ: BBI): This is a pharmaceutical company with the sole purpose of developing prescription therapeutics for treating autoimmune, inflammatory, and other sorts of diseases. It currently trades at a price of $0.15.
  7. Biolase Inc. (NASDAQ: BIOL): Biolase is leading globally in producing products like proprietary dental lasers and certain types of equipment that can provide treatments to reduce pain and improve the procedures of carrying out some activities such as in the case of dental surgeries. It has been gaining a lot of hyping recently after a slight downslide which was a result of the aftermath effect of the pandemic. It’s currently trading at a price of $0.33.
  8. Sonnet Biotherapeutics Holdings (NASDAQ: SONN): This is undoubtedly an intriguing stock to invest in. This is a company that develops biological drugs. They are rumored to be specialists in the field of immunotherapies, and the recent news of a multi-million dollar fundraising definitely should make investors raise a brow. Now that it trades for as low as $0.28, it is a great time to invest in them.
  9. Sesen Bio, Inc.(NASDAQ: SESN): Sesen Bio is a Biotech company with a patient/life-saving goal, with intentions to bring about healthy pipelines, being about a positive outcome for treating bladder cancer and many more. Though, the company has been on a huge surmisal recently, which is linked to an issue with the FDA. The outcome of this happening brought about a lowering in the stock price which dropped below $1 for the first time in two years. Despite this, SESN has accumulated a record of its highest daily volumes ever sold. It currently trades at a price of $0.62.

You can also check out the best penny stock to buy on robinhood

Final Thoughts.

Choosing to invest in Penny Stocks isn’t as ‘risky’ and hard as you might have heard; only if you are well aware of the dynamics behind the stock market for such penny stocks.

All you need to do, which I feel should be more than enough, is to make proper research about the companies’ financial history, their growth potential, the authenticity of their activities, their recent developments, and so on.

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