There’s a reason investors like penny stocks. Shares over $5 USD just don’t bring the same sudden explosive price jumps. For example, it’s a rare thing for a “regular” share to suddenly jump up 300% overnight. It’s not so rare for a penny stock to do that.
Take Midatech Pharma PLC (NASDAQ:MTP) for example; on February 25th, these shares were trading for $0.12 USD. A day later, they sold for $0.79 USD. That’s over 550% in gains in a 24-hour period. The MTP penny stock made some investors significant returns in that sudden jump.
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