The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.By Louis Navellier, InvestorPlace.com NEW YORK ( InvestorPlace) -- Let's face it, this is America, and we like getting a lot for a little (hence the prevalence of dollar stores and all-you-can-eat buffets in this great nation of ours). Investors also like getting a lot for a little, which explains the popularity of penny stocks. Who wouldn't like the chance to turn their spare change into a small fortune? And unlike most established companies with fairly steady share prices, penny stocks afford you the opportunity to make a massive amount of money in a short amount of time. Of course, the trick is picking the right penny stocks to buy.
Uranium Resources Inc. (URRE)Uranium exploration, mine development and production company Uranium Resources Inc. ( URRE) has watched its stock value skyrocket 179% in the past 12 months -- and it is still trading for less than $2 per share! This is even more impressive when you consider that investors fled the sector in March after the nuclear power plant crisis in Japan, causing URRE to lose close to 50%. Since its March 16 low, shares have climbed 38% to $1.92. With a 52-week trading range of 38 cents to $3.98, look for shares to make their way higher as the sector continues to rebound.
|Japan nuclear power plant|