Best Penny Stocks US 2020: Unveiling the Hidden Gems

In the bustling world of the stock market, penny stocks often fly under the radar, yet they can be a goldmine for investors seeking high returns. The year 2020 was no exception, with several penny stocks emerging as hidden gems. This article delves into the best penny stocks in the US for 2020, highlighting their potential and performance.

Understanding Penny Stocks

Before we dive into the details, let's clarify what penny stocks are. Penny stocks are shares of publicly traded companies that trade at less than $5 per share. They are often considered riskier than their larger counterparts but can offer higher potential returns.

Top 5 Best Penny Stocks US 2020

1. Ampion Inc. (AMPN)

   • Performance: Ampion Inc., a biotechnology company, experienced a remarkable surge in 2020. Its shares skyrocketed by over 300%.
   • Reasons for Growth: The company's focus on regenerative medicine and its potential breakthroughs in treating various diseases contributed to its impressive performance.

2. Vaxxine Limited (VXX)

   • Performance: Vaxxine Limited, a biotechnology company specializing in infectious diseases, saw a significant increase in its share price, climbing by over 200%.
   • Reasons for Growth: The company's research and development efforts in combating COVID-19 played a crucial role in its growth.

3. GreenPower Motors Inc. (GP)

   • Performance: GreenPower Motors, an electric vehicle manufacturer, witnessed a substantial increase in its share price, soaring by over 150%.
   • Reasons for Growth: The rising demand for electric vehicles and the company's commitment to sustainable transportation solutions were key factors in its success.

4. Cinemark Holdings Inc. (CNK)

   • Performance: Despite the challenges posed by the COVID-19 pandemic, Cinemark Holdings, a movie theater operator, managed to achieve a share price increase of over 100%.
   • Reasons for Growth: The company's strategic initiatives and adaptations to the pandemic, such as implementing health and safety protocols, contributed to its resilience.

5. Ampion Inc. (AMPN)

   • Performance: We mentioned Ampion Inc. earlier, but it's worth noting that the company's potential in the biotechnology sector continued to attract investors, leading to a further increase in its share price.
   • Reasons for Growth: The company's advancements in regenerative medicine and its partnerships with leading research institutions further solidified its position as a top penny stock.

Conclusion

The year 2020 presented several opportunities for investors in the penny stock market. By identifying and investing in the right companies, investors could have reaped significant returns. However, it's crucial to conduct thorough research and exercise caution when investing in penny stocks due to their inherent risks. Remember, the best penny stocks US 2020 were those that demonstrated strong potential and resilience in challenging times.

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