Combing through stocks under $5 can be a great source of new investment ideas. Because the price tags on these stocks are so small, they don’t tend to draw much attention from Bay Street money managers. And after all, it’s far easier for a $2 stock to double to $4 than it is for a blue-chip giant to make the same move from $40 to $80.
So for those of you that don’t mind snooping through the equity discount bin, here are five sub-$5 stocks that have big upside potential.
1. Athabasca Oil Corp
Fill up your gas tank now, because oil prices are going back up.
According to Chris Lafakis, a senior economist at Moody’s Analytics and head of the firm’s energy coverage, oil prices could be on the verge of an epic rally. How can he be so optimistic? It’s Economics 101. (more)
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