Home > Best Penny Stocks to Buy in June 2021

Best Penny Stocks to Buy in June 2021

Could the post-pandemic recovery make June a good month to invest in stocks? We look specifically at some of the best “penny stocks” that could generate big profits in the months ahead.

Where Can I Buy Penny Stocks?

You can buy penny stocks in June 2021 with two of the best brokers: eToro and Capital.

eToro

eToro is a highly regulated broker that was established in 2007. The broker is registered in two tier-1 jurisdictions and one tier-2 jurisdiction. That’s why the broker is considered safe for buying stocks and CFDs.

eToro is also well-known for its social trading platform. The broker offers a nice web platform that is easy to use. There is also a mobile app that’s great for beginners. It is a winner for its easy-to-copy social trading platform, where more than 2300 trading instruments are available to trade, including stocks, CFDs, forex, and popular cryptocurrencies.

Buy on eToro >

Capital

Capital was established in 2016 and offers forex, stocks, and CFDs to traders. The broker is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). It has offices in London, Belarus, and Cyprus. Capital offers low fees for forex and stock CFDs, the account opening process is easy, and customer support is very friendly and responsive.

Buy on Capital >

Which Penny Stocks to Buy in June 2021?

We’re defining a penny stock as a stock that is priced below $5 or has a market capitalization of $300 million to $600 million. So, let’s take a look at our picks for six of the best penny stocks to buy this month. Some of them are listed on the Nasdaq exchange, some on the London Stock Exchange (LSE), and some are available via both.

1. Marston (LSE: MARS)

The first company on the list of best penny stocks to buy is Marston’s. As the economy is reopening, it is pretty likely for consumers to spend for leisure. This company has already begun enjoying the benefits as sales recovered to 80% of the pre-pandemic levels after pubs were allowed to open outside from 12th April. The company’s management expects a further rise in sales. Based on these facts, Martson’s could be a good penny stock to add to your portfolio in June. Assuming the given roadmap of government remains uninterrupted, the company may return to normal by the end of August.

Buy Marston stocks today >

2. NewRiver REIT (LSE: NRR)

NewRiver REIT saw a decline of 43% in book value per share, and there is a risk of further decline in the value of the property portfolio if there is another lockdown. Still, the stock could be good to buy as a recovery play. It showed 95.8% retail occupancy in March, while the revenue of the company in March 2021 was ahead of the revenue collected in March 2020.

Buy NewRiver stocks today >

3. Ideanomics Inc. (NASDAQ: IDEX)

Ideanomics has been on our watchlist of penny stocks for a while. The last few weeks have been quite active for the company while the stock price has remained within the range of $2.24 and $3.20. This electric vehicle (EV) penny stock has been on an upswing since the beginning of May. Technically, the 50-day and 200-day moving averages are acting as critical support and resistance levels, and traders are watching the 50-day simple moving average (SMA) as a new support level heading into June as the 50-day SMA was tested for the first time since November 2020. IDEX had started expanding its EV portfolio by raising stakes in the Solectrac electric tractor company.

Buy Ideanomics stocks today >

4. Aqua Metals Inc. (NASDAQ: AQMS)

While on the subject of the environment (via electric vehicles), we should consider Aqua Metals. This company recycles metals through AquaRefining technology that uses a water-based process to produce pure metals cleanly from scraps like lithium-ion batteries. Aqua Metals became a big point of interest in the first quarter of 2021 when it invested $1.5 million in cleantech startup LiNiCo. The bullish prospects for this penny stock are quite high amid recent investments, developments, and the increased demand for cleaner energy.

Buy Aqua Metals stocks today >

5. GT Biopharma Inc. (NASDAQ: GTBP)

Biotech penny stocks were on fire as 2021 began but had cooled off by the end of the first quarter. However, they started to heat up again in May and the second quarter revealed a clear bullish trend for this industry. In this context, stocks related to life sciences and healthcare, such as Biopharma, have seen a hike. Earlier in 2021, the company jumped from over-the-counter (OTC) to the Nasdaq exchange, accumulating $23.65 million in the process. The GT Biopharma stock price rose from $5 to highs of $17.50.

Buy GT Biopharma stocks today >

6. Renold (LSE: RNO)

Our final penny stock to consider buying in June is Renold. It has a small market cap of £61m, which might make it a high-potential penny stock. Many won’t have heard of the company, but many will have walked or ridden on its products. This company is the market leader in innovation and high precision industrial chains that have various applications like underground trains, escalators, and theme park rides. Renold is going through a lengthy turnaround plan, which could result in higher profit margins this year.

Buy Renold stocks today >

Why Buy Penny Stocks in June 2021?

With May out of the way, it’s time to look at what stocks to include in your portfolio from June onwards. Penny stocks may be particularly interesting as part of a well-diversified portfolio, so we looked at a few of them.

Usually, the trading volume during summers remains very thin, which is traditionally bad for bulls. However, June 2021 is different because global economies are recovering from the pandemic, and the bull run that began in March 2020 is still intact.

Bottom Line on Buying Penny Stocks in June 2021

June 2021 could be a good time to invest in some penny stocks as we recover from the coronavirus pandemic. We’ve suggested six of the best penny stocks but you should perform your own analysis and research before investing.

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