Author: Ben Lardes
Are you looking for some good penny stocks to invest in this March? There are plenty of them around and we have selected three in particular you might want to do some more research on. Of course there is no guarantee these three will pay dividends during March, but they are worth keeping an eye on just the same.
One particular stock which looks promising – and has also appeared in many people's lists of stocks to keep an eye on – is BYSD. This stock belongs to the Bayside Petroleum Company. The last trade for this stock was 0.25, but back in January it was at 0.20 at one point before shooting up to 0.63 per share. Since it is still popping up in stock recommendations for the penny stocks market, we feel it is still worth keeping a close eye on in case it surges upwards again.
Moving on, let's see what else could be worth looking at during March 2010. Watch out for NNLX in the results – this stands for Nanologix Inc. This climbed steadily throughout 2009 but it traded at 0.49 on the last day of information we have available. It peaked at 0.62 on November 16th last year, but so far this year it has been quite steady compared to the rise and rise it experienced last year. This is why it is worth keeping a closer eye on it in the days and weeks to come. It could be setting itself up for another interesting and profitable period.
Our third selection is IPMN – Imperial Petroleum Inc. There has been some positive news regarding this company of late, which is why their penny shares are worth a closer look. Their last trade was recorded at 0.17 per share, but since that was up by more than 20% you can see why we want to see what happens next.
On February 25th the company announced it was buying all of the stock for e-biofuels, LLC, which has obviously had an effect on their own stock. This is why we recommend keeping a watch on the stock and buying it if you feel it is worth doing so.
These represent just three of the promising penny stocks for March 2010. There are of course many others which could prove equally or more exciting to watch. But they should get you started in a positive direction.
Article Source: http://www.articlesbase.com/investing-articles/3-promising-penny-stocks-for-march-2010-1939190.html
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