Top 3 Cheapest Stocks with Potential
Some of the cheapest stocks with potential are often the ones with the most power to grow your portfolio. As you know, stock prices are constantly changing. And it can be hard to keep track of which stocks are currently undervalued. This is where penny stocks come in.
Penny stocks are shares that trade for less than $5 per share. They are usually issued by small, inexperienced companies. They’re considered to be very risky investments. However, they can also offer a high potential return. That’s if the company succeeds. The best penny stocks to track down are the ones that are already having great success. So, I’ve found three of the cheapest stocks with the best potential.
These are all under $1. And, they all have a gross profit margin greater than 1,000%.
Cheapest Stocks with Potential to Buy
No. 3 Snowline Gold Corp. (OTC: SNWGF)
Market Cap: Approx. $100 million
Snowline Gold Corp is a Canadian company that owns mines all over the Yukon. The company also has several other properties in the state. And with a market cap of approximately $100 million, Snowline has lots of room to stretch its wings.
Companies in the basic materials industry don’t usually grow at alarming rates. But, they tend have the power to hang on for a long time. And that means a stable, steady investment that will bring returns for years to come.
Despite its low price, Snowline has a lot of potential. The company has a strong financial position, with a cash position of $6.7 million. The company’s strong financials are due to its diversified business model.
This is one of the cheapest stocks with potential that focuses on acquiring real estate, for one. Plus, they mine for gold, explore and produce it. This diversification has helped the company weather tough times in the past. And it should continue to do so in the future.
Its shares are up by over 67% so far this year. But that doesn’t reflect the company’s underlying strength. Snowline is one of the cheapest stocks on the market. And it has a lot of potential. The company’s financials for 2021 look very promising. Plus, its stock price is expected to rise in the next few years. For value investors, Snowline Gold Corp is worth a closer look.
No. 2 Global Fiber Technologies, Inc. (OTC: GFTX)
Market Cap: Approx. $4.5 million
Global Fiber Technologies, Inc. is a textiles company that produces and sells a variety of textile products. The company’s products are used in a wide range of industries. Including automotive, construction and more. They offer sports uniforms, career-specific clothing and even corporate clothes.
This is one of the cheapest stocks with potential that is a small company, with a market cap of $2.4 million. The stock has not done well for them in a long time. But, they may have some ability to hang on. The company could potentially get a boost in the future due to the fact that they stand out.
Global Fiber recycles old clothing to make the textiles they sell. This is not only a great marketing tool, but it’s likely a good way to save money and make a higher profit. More people are becoming interested in sustainability. And as that grows, this company’s products will only become more popular.
In addition, the company has a very strong balance sheet. It seems they do their best to keep debts low and profits high. In 2020 and 2021, they struggled a bit. But, they seem to be making a comeback.
The company’s shares are down by over 60% so far this year. But, Global Fiber Technologies, Inc. is one of the cheapest stocks with a lot of potential. The company’s financials for 2021 look very promising. And its stock price is expected to rise significantly in the next few years. For value investors, Global Fiber Technologies, Inc. is worth a closer look.
No. 1 Eco (Atlantic) Oil and Gas Ltd (OTC: ECAOF)
Market Cap: Approx. $110 million
Eco Atlantic is a Canada-based oil and gas exploration company. Eco has a focus on taking charge of large, international oil and gas resources.
The company’s key asset is the Orinduik Block, which is located offshore Guyana in South America. The block covers an area of approximately 1.4 million acres. In addition, it’s thought to contain significant oil and gas resources.
In November 2018, Eco Atlantic announced a major oil discovery at the Orinduik Block. The company is now working to develop the field and bring it into production.
They also carry out and develop several projects overseas. Namibia and South Africa are also areas of interest. And these are two areas where they own and operate several mines.
Eco Atlantic is one of the cheapest stocks with potential in the oil and gas exploration sector. With a market cap of well over $100 million, it’s a great buy. And, with recent oil and gas prices still surging, the company looks like a good bet for the future.
So, there are two great points to take away here. One, inflation drives small companies up and helps them grow. And two, the cheapest stocks are often overlooked by investors.
Inflation can be one of the key drivers of economic growth. Because in the right circumstances, it allows businesses to raise prices. Which, in turn, boosts their profits and enables them to expand. This is good news for small company investors because they are the biggest beneficiaries of inflationary growth.
Final Thoughts on The Cheapest Stocks with Potential
The cheapest stocks are often overlooked by investors. This is because they tend to associate with low-quality businesses. Ones that are struggling to grow. However, there are plenty of cheap stocks out there. Ones that have the potential to generate strong returns for investors.
Snowline Gold Corp., Global Fiber Technologies, Inc. and Eco Oil and Gas Ltd. are three of the cheapest stocks on the market with a lot of potential. While they may not be the most well-known companies, they all have exciting projects underway. And those projects could make them big winners in the years to come. Just the markets they choose to be a part of make them great selections. And, on top of that, these all have a gross profit margin over 1,000%.
Furthermore, these stocks have tons of room and market cap to grow. If you’re looking for the cheapest stocks with potential, these are three great companies to consider.