By their very nature, penny stocks are volatile and marked by sharp price movements that test an investor’s temperament. However, investors who can patiently hold penny stocks that are backed by strong businesses, consistent revenue, and future profitability may see outsized gains.
One such penny stock that has grabbed the attention of market participants due to its recent volatile price movements is Trio Petroleum (TPET), an oil (CLG25) and natural gas (NGG25) exploration and development company based out of Bakersfield, California. The stock has corrected by 58% over the past 52 weeks. However, it has rallied by a massive 72% in the new year.
