Transocean Ltd. /zigman2/quotes/208905612/composite RIG -0.40%
Another penny stock that is climbing during trading right now is Transocean Ltd. By EOD on April 12th, shares of RIG stock had shot up by more than 2.8%. This gain puts its one month and six month uptick at over 4.8% and more than 10%. And, in the past year, shares of RIG stock have exploded by more than 37%.
This is a mixture of bullishness on the energy industry and RIG stock itself. The most recent news from the company came on March 29th. On the 29th, the company announced its investment in Ocean Minerals Ltd. Ocean Minerals works in the exploration of seabed resources that could be used in the production of renewable energy sources.
With all of that in mind, do you think RIG is a penny stock to buy or not?
Are Penny Stocks Worth Investing In?
Because there is so much volatility in the stock market right now, investors need to understand exactly what is going on and how to take advantage. If you've traded penny stocks in the last few months, you've likely seen just how speculative they are.
Because of this, knowing how certain events will impact your portfolio is crucial to making money with penny stocks. While making money with small caps can be tough, it is more than possible. So, with all of this in mind, do you think penny stocks are worth investing in or not?
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