These are the penny stocks I've invested in so far: BXRX, CTXR, PLRTF, SEOVF, XPL, WTRH. I bought around 100 shares in each one (30 in WTRH). Because the money amounts are so low, I didn't do really extensive due diligence, I just read whatever independent information there was out there, looked at their financials to see if they seemed to be serious, and looked at their websites. It's just a hunch but it seems to me that the pharmaceuticals and medical technology companies have the best chance at blowing up, and I may buy a few hundred more shares in those companies during the dips in upcoming months. Most of those companies seem to have another year or two before their drugs/technology are ready for market, so they may not pop for awhile (if they ever do). In the past, some medtech/pharm companies have had their stock explode from pennies to $300-400, before settling down. Here's to hoping that happens again.
I'm also still considering buying some rare earth mining companies in small amounts, out of sheer speculation in case they have an unexpected breakthrough. I think there is some time, however, before that could happen. They are: APAAF, REEMF, AVLNF, MKNGF, OROCF, LYSCF, and ILKAF.
During my research I found that there are some penny stock companies that make consistent, albeit low, revenues and profits, and even pay dividends on their stocks. These include ATYR, GNUS, AESE, FNGD, YPF, SANW, SNGX, BLCM, OCX, SBBP, CLSD, SRTS, GSAT, AKER, and NAVB. From what I understand, however, it may not be the best use of your money to invest in penny stocks that are paying out dividends. The reasoning is, if a company is paying dividends on its stocks, then it has basically given up using its revenue to grow and is content with its current income stream, which means their share prices are unlikely to increase much in value. At the low income these companies are making, their dividends likely aren't very much, although I didn't check.
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