10 Best Penny Stocks To Buy in June 2021

It is now common for people to invest in penny stocks today. They are incredibly cheap, and they present an impressive growth opportunity. Those who invest in penny stocks have the potential to earn a significant amount of money when the stocks see price surges.

It is pretty common to see a penny stock jumbo from $3 to $6 in a month. You can rarely see that with some of the blue-chip stocks available today.

Of course, it might also be a tad dangerous to invest in penny stocks. However, most investors who get burned make the same mistake as other investors – they don’t do enough due diligence. So, just like there is a potential to earn sizable returns, there is also a potential to lose your money.

Buy Penny Stocks at eToro, the World’s #1 trading platform!

With the stock market looking to complete its rebound in the second part of the year, we have some options available for people who want to invest in penny stocks.

1. Zovio Inc. (NASDAQ: ZVO)

Zovio Inc. is an online education service provider. The company’s stock has fallen significantly over the past few months, especially with its subpar earnings report for Q1 2021. It reported revenues of $76.9 million, compared with $97.9 million for the first three months of 2020.

The company’s lack of a CEO also means that it isn’t exactly in the best standing.

Zovio’s stock is currently trading at $2.90. It hit a yearly high of $7.34 on February 12, but it hasn’t quite been able to hit those same levels since.

Still, ZVO might be a great stock to consider. The company still has good financial ratios and strong technical signals. Just remember that the stock is known to go up and tumble back down after a while. So, timing matters.

2. Williams Industrial Services Group (NYSE: WLMS)

Currently trading at an all-time high, this is definitely one hot commodity for those looking to invest in penny stocks.

WLMS hit its previous all-time high of $5 in April and spent the entirety of May consolidating. While the stock never fell below the $4.50 line, it didn’t exactly yield many dividends for investors as well.

Now that WLMS is breaking out, this might be a great time to jump in. The company has an impressive backlog, and anticipation of President Biden’s infrastructure plan is building.

However, note that ZVO’s Relative Strength Index (RSI) shows that the stock is close to being overbought. Your decision to invest in the company will come down to your risk tolerance.

3. AmpliTech Group (NASDAQ: AMPG)

AmpliTech is an engineering services provider that is set to benefit from the current 5G and IoT revolution. Its products provide diverse use cases, including satellite technology, space exploration, and even defense. With all these areas set to see exponential growth, AMPG could start to soar.

Before you invest in penny stocks like these, keep in mind that analysts give them a three-to-five-year period before they start yielding impressive results.

AmpliTech struggled in Q1, with cutbacks in spending and coronavirus-related business closures still affecting it. Still, it had an impressive $2.4 million backlog at the quarter’s end, and that is expected to translate to improved sales in Q2 and Q3.

AMPG has had a significant fall in 2021, currently trading 71 percent off its all-time high of $19.84 – which it set in February.

But, there are encouraging signs. AmpliTech announced a $23 million capital raise in April, and it is well placed to grow in the near term. For long-term investors, the windfall will be even higher.

4. Entravision Communications Corporation (NYSE: EVC)

Entravision is a California-based technology and marketing company. The firm has holdings in the radio, television, and digital space, with a focus on Hispanic audiences across the country.

With a 192 percent growth in the past year, Entravision has delivered some great value to investors. The stock is trading at an all-time high of $5.16, so it is definitely an attractive option for investors.

It’s easy to see why the company is growing so much. Annual revenues grew 25 percent between 209 and 2020, and quarterly revenue has jumped 40 and 172 percent in the last two quarters. The company’s balance sheet is also pretty strong, with $777 million in assets versus $468 million in liabilities as of last December. If you’re looking to invest in penny stocks, this is one company you shouldn’t miss.

5. Orphazyme ADR (NASDAQ: ORPH)

Orphazyme ADR is a small health technology company that is pioneering the application of heat-shock proteins to medical treatment. The company’s stock has gone completely bonkers this month, moving from $5.58 to a staggering $$77.94 on intra-day trading for June 10. While the stock eventually fell back to $21, such swings shouldn’t be ignored.

While there is no company-specific news to back its insane jump, there has been a lot of bullish action with several penny stocks in the biotech space. The firm has applied for arimoclomol – a drug that could help treat Niemann-Pick disease Type C. With its application under FDA review, Orphazyme ADR is a stock to watch for sure.

6. Support.com Inc. (NASDAQ: SPRT)

Support.com is a provider of technical support solutions to home-based workers. The company has had a significant expansion over the past year, with more people having to work at home due to the coronavirus.

While lockdown easing could affect Support.com. The company has been proactive enough to expand its services to enterprises and top-tier businesses as well.

SPRT stock has traded relatively well in 2021. It rose as high as $9.41 in March, but it fell in April and established a button at $2.34. In June, the stock has gained healthily, rising by almost 100 percent since it bottomed out in May.

Last week, Support.com tapped into the digital asset frenzy, announcing the launch of an on-demand crypto and fintech customer support. This includes 24/7 support for NFT platforms, crypto exchanges, and other industry-targeting companies. That should be an interesting catalyst for growth.

7. vTv Therapeutics (NASDAQ: VTVT)

vTv Therapeutics is a North Carolina-based biopharmaceutical company that has been on several watchlists this year. Companies that have managed to eke out niches for themselves in the healthcare sector are looking more attractive to investors.

To be fair, VTVT has struggled to find balance in 2021. The stock has jumped and plunged severally, seemingly unable to break through the $4 mark. Its Q1 numbers were also not so encouraging – $5.9 million in net losses and just $1 million in revenues.

The numbers might seem paltry, but losses and low revenues aren’t a novelty for biotech stocks. The company is working to get its TTP399 commercialized, so there is a potential for an upside.

8. Amesite Inc. (NASDAQ: AMST)

Amesite is a cloud-based education technology company. This sector isn’t especially famous for its high margins and flashy stocks, so it’s easy to see why a company will be featured as a penny stock.

While AMST started the year strong and rallied to an all-time high of $9.09 in February, the stock plunged massively in March and was on a downtrend up until June. After bottoming out at $2.01, it has once again begun its uptrend. Standing at $2.77, it is almost 50 percent on its rebound.

Last week, the company launched remote upskilling courses on Microsoft Azure. The launch was in collaboration with Wayne State University.

9. Solar Integrated Roofing Corp. (OTC: SIRC)

Renewable energy has become a focal point of the Biden administration. The administration has put out a clear initiative to work towards environmental sustainability, and clean energy is a big part of that. So, companies like Solar Integrated Roofing Corp. are gearing up for significant expansion.

SIRC is no stranger to many. The company has had an impressive year, with its stock jumping from $0.27 to a high of $3 in early February. Adly, it couldn’t hold on to the price and SIRC has spent the past four months correcting. It tested its bottom at $0.44 this month, but it has been consolidating since. The current $0.68 price shows that it is working towards the $1 resistance.

Green energy stocks generally cooled in Q2, but discussion about the Biden administration’s infrastructure bill could stoke excitement there once more.

10. Transocean Limited (NYSE: RIG)

Penny stocks in the oil and gas field are also making waves as we look to close out the second quarter. One such company is Transocean Limited – a company that provides offshore contract drilling services for oil wells worldwide. Transocean contracts work crews, drilling rigs, and other items to help improve offshore oil extraction.

With the pandemic and related lockdowns easing, oil demand has shot up. This means a higher demand for drilling and other activities – a boost for Transocean. The company’s stock has been on an uptrend since the middle of April, and while it hasn’t hit its $4.81 all-time high, it is inkling ever closer to the milestone. Not a bad option for anyone looking to invest in penny stocks.

This week, Transocean announced an agreement with Jurong Shipyard Pte Ltd. on delayed delivery of drillships. The agreement will help Transocean to improve its ability to meet increasing demand.

Where To Buy Penny Stocks

The best platform to buy penny stocks from is on eToro. The online broker is regulated in multiple jurisdictions, offers multiple penny stocks along with other investment assets and the trading platform is easy to use.

Setting up an eToro account takes less than two minutes. Funding your account is even easier with the multitude of payment options available on the platform.

Buy Penny Stocks at eToro, the World’s #1 trading platform!