Penny stocks are a risky investment, but there are some ways to lower the risk and put yourself in a position for money-making penny stock trading. Here are the best 9 penny stocks to invest in this year.
1. Penny Stocks: Westwater Resources (WWR)
The WWR stock has the ability to supply goods. This is, in large part, due to its underlying industry. The business is “all-in on graphite,” as Westwater’s website declares.
Of course, this is significant because electric vehicles require a ton of graphite. According to Battery University, “a large EV battery requires about 25kg (55 lb) of graphite for the … [lithium-ion] anode.” Further, experts state that EV demand will likewise drive demand for graphite, which is net positive for WWR stock.