Top US Penny Stocks to Buy Now: Uncovering Hidden Gems

In the world of investing, penny stocks have always held a unique allure for both seasoned traders and newcomers alike. These low-priced shares offer the potential for significant returns, but they also come with a higher level of risk. If you're looking to capitalize on this high-risk, high-reward scenario, here are some top US penny stocks that you should consider buying now.

1. Greenwave Reality (NASDAQ: GWRE)

Greenwave Reality is a company that provides IoT and smart home solutions. As the smart home market continues to grow, Greenwave Reality is well-positioned to benefit. With a focus on energy management and home automation, this company is on the brink of a major breakthrough.

2. Sorrento Therapeutics (NASDAQ: SRNE)

Sorrento Therapeutics is a biopharmaceutical company that is actively involved in the development of new treatments for cancer and other diseases. The company's diverse portfolio includes multiple clinical trials and partnerships with other pharmaceutical companies, making it a compelling penny stock investment.

3. BioViva Sciences (NASDAQ: BIVV)

BioViva Sciences is a biotechnology company focused on extending human lifespan through regenerative medicine. As the demand for longevity treatments continues to rise, BioViva Sciences could see significant growth in the coming years.

4. Cannabics Pharmaceuticals (NASDAQ: CNBX)

Cannabics Pharmaceuticals is a cannabis biotech company that focuses on developing cancer treatments using cannabinoid-based compounds. With the increasing acceptance of medical cannabis, CNBX could be a solid penny stock investment.

5. Aeroflex Holding Corp. (NYSE: ARX)

Aeroflex Holding Corp. is a technology company that specializes in providing high-performance microelectronic products and services to the aerospace and defense markets. As the global demand for advanced technology continues to grow, ARX could be a promising penny stock to watch.

6. Nordic American Tanker Ltd. (NYSE: NAT)

Nordic American Tanker Ltd. is a publicly listed tanker company that operates in the shipping industry. With a diverse fleet of vessels and a focus on the transportation of crude oil, NAT is a solid penny stock for those looking to invest in the shipping sector.

7. Innovative Industrial Properties (NASDAQ: IIPR)

Innovative Industrial Properties is a real estate investment trust (REIT) that specializes in leasing properties to cannabis companies. As the cannabis industry continues to expand, IIPR is well-positioned to benefit from this growth.

8. Voyage Therapeutics (NASDAQ: VGOV)

Voyage Therapeutics is a biotechnology company that is focused on developing treatments for rare diseases. With a strong pipeline of clinical trials and partnerships with major pharmaceutical companies, VGOV is a compelling penny stock investment.

9. Lumina Diagnostics (NASDAQ: LMNA)

Lumina Diagnostics is a company that provides innovative diagnostic solutions for various diseases. As the demand for accurate and affordable diagnostic tools continues to rise, LMNA could be a promising penny stock investment.

These top US penny stocks are just a few examples of the hidden gems that are currently available in the market. Before making any investment decisions, it's important to conduct thorough research and consult with a financial advisor. Remember, investing in penny stocks always comes with a higher level of risk, so be sure to do your due diligence.

dow and nasdaq today