Introduction In this article, we will take a look at the 12 best penny stocks to buy under $1. To see more such companies, go directly to 5 Best Penny Stock Alternatives. Penny stocks, also known as OTC stocks, are low-priced securities that trade for less than $5 a share. While they can be risky investments, they also present an opportunity for significant gains if chosen wisely. Let's explore some promising penny stocks that could offer potential investment gains.
Overseas Shipholding Group (NYSE:OSG) OSG is a penny stock that shows promise for 2024. The company focuses on the shipping industry and is working to improve its operations and profitability. With the global economic recovery underway, OSG may benefit from increased demand for shipping services.
VAALCO Energy VAALCO Energy is a Texas-based independent oil and gas exploration and production company. It focuses on properties in West and North Africa and Western Canada. As the energy sector continues to recover, VAALCO Energy could be positioned for growth.