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10 Best-Performing Penny Stocks of 2010

BOSTON ( TheStreet) -- For a handful of penny-stock pickers -- those willing to buy securities with the greatest risk -- returns have been akin to winning the lottery. TheStreet found the top 10 penny-stock performers of 2010, and we offer a look at what may be in store for 2011.

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10. WHX Corp. (WXCO)

Company Profile: WHX is a diversified industrial company with six businesses, including precious metals and tubing.

Closing Price: $11.95 (Dec. 17)

Total Return (YTD): 398%

Developments in 2010: WHX shares began the year at $2.40. The stock doubled in April after WHX said it expected to report sales from continuing operations of approximately $146 million and a net loss from continuing operations of between $2.7 to $1.9 million in the first quarter. The stock jumped again in August after WHX reported net income of $6.3 million on net sales of $181 million for the second quarter. In October, WHX announced a debt refinancing.

Analyst Consensus: WHX Corp. has no analyst coverage.

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