2 Penny Stocks to Buy for Capital Appreciation
There are always money-making opportunities available in the stock market. Even amid the current COVID-19 pandemic, there are penny stocks that are poised to emerge stronger, appreciate and deliver handsome rewards to their smart investors that keyed in at lower prices.
I ran a stock screener to scan for more stocks that are benefiting from the current Covid-19 pandemic in the Nigeria stock market, here are the penny stocks I discovered. These two stocks have appreciated by 34.62 and 40.19% in the last 3 months respectively while their month gain is at 18.64% and 29.17%, In the same period, a lot of stocks had shed more than 40-50% of their market capitalization.
Technically, these stocks are trading above their 50-day moving averages, a bullish sign to watch.
If a stock is delivering inflation-beaten return amidst a global pandemic that had affected over 3 million people worldwide, then the company is worth looking into.
Watch this video to discover the stocks I am buying this may.
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