In this post, e ill discuss the top 6 popular penny stocks on Robinhood that are must-buy in 2022. Penny stocks don’t mean that they cost a penny. A penny stock is typically a small company’s stock that trades for less than $5 per share. You ha e se eral options for a penny stockbroker hen it comes to penny stocks. Many traders prefer to buy penny stocks through Robinhood. To place trades, the Robinhood penny stock trading app does not charge any fees.
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Also, the number of penny stocks a ailable to Robinhood traders is limited. For those looking to create a list of penny stocks. Robinhood pro ides access to penny stocks that are only traded on larger exchanges. The NYSE and NASDAQ are t o of these exchanges.
So, let’s get started ith the top 6 popular penny stocks on Robinhood. But the question that arises here is can you buy any penny stocks ith the help of Robinhood? Let’s find out the ans er.
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It totally depends on the penny stocks. This means that Robinhood allo s you to trade penny stocks on the Nasdaq and NYSE exchanges.
On the other hand, If you’re looking for OTCs or pink sheets, you’re out of luck.
On this platform, Robinhood does not ha e access to OTCs. This is unfortunate because OTC stocks can fluctuate by hundreds of percentage points.
First on our list of penny stocks on Robinhood is FingerMotion, Inc. (NASDAQ: FNGR). The market capitalization of this company is nearly around 297.43 million USD.
FingerMotion, Inc. pro ides mobile payment and recharge ser ices in the Chinese market. It primarily generates re enue by pro iding these ser ices to China Unicom and China Mobile customers. Michael Thomas Brigante and Charles Thomas McMillen founded this company on January 23, 2014. The headquarter of this company is in Ne York, NY.
Second on our list of the top penny stocks on Robinhood is Tilray Inc. (NASDAQ: TLRY). Ho e er, the market capitalization of this company is about 2.2 billion USD. This makes Tilray Inc. (NASDAQ: TLRY) the orld’s 3511th most aluable company by market cap, according to our experts. The company as founded on January 24, 2018, and is based in Leamington, Ontario, Canada. Tilray Brands, Inc. operates in Canada, the United States, Europe, Australia, and Latin America and is a global cannabis lifestyle and consumer packaged goods company.
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SNDL Inc. (NASDAQ: SNDL) is third on our list of best penny stocks on Robinhood. On the other hand, the market capitalization of this company is nearly about 545.00 million USD. SNDL, Inc. is a licensed producer that produces small-batch cannabis in cutting-edge indoor facilities. The other brands of SNDL are Top Leaf, Sundial Cannabis, Palmetto, and Grasslands. Sundial also runs the Spiritleaf retail chain. On the other hand, Stanley J. as the founder of this company.
Fourth on our list of best penny stocks on Robinhood is Momentus Inc. (NASDAQ: MNTS).
The market capitalization of this company is nearly about 114.92 million USD.
Momentus Inc. (NASDAQ: MNTS) is a commercial space company based in California that pro ides transportation and related ser ices. After the market closes on June 24, the company ill be added to the Russell Microcap Index.
Aurora Cannabis Inc. (NASDAQ: ACB) is fifth on our list of best penny stocks on Robinhood. On the other hand, the market capitalization of this company is nearly about 522.68 million CAD.
Aurora Cannabis Inc. is a licensed cannabis producer that is based in Edmonton, Canada. It is listed as ACB on the Toronto Stock Exchange and the Nasdaq. Aurora Cannabis had eight licensed production facilities, fi e sales licenses, and operations in 25 countries as of late September 2018.
Last on our list of the best penny stocks on Robinhood is Waitr Holdings Inc. (NASDAQ: WTRH). The market capitalization of this company is about 27.32 million USD.
Waitr Holdings Inc. (NASDAQ: WTRH) is an on-demand food ordering and deli ery platform based in Lafayette, Louisiana. In 2022, the company planned to mo e its operations to the cloud and cut costs by hiring experienced restaurant industry expert Matthe Coy as its Chief Information Officer (CIO).
This is the end of this post. In this post, e ha e mentioned the top 6 penny stocks on Robinhood. Robinhood’s ad anced charting capabilities ha e recently impro ed, but it still lags behind competitors such as TD Ameritrade and e en Webull in terms of ad anced charting and analysis tools. Note: It is also a good thing to research that particular stock before in esting.
