Investment Tips
By Scott Russell
Investing in stocks that are less than $5 per share is a good way to boost your stock portfolio. Many big investors ignore these stocks because of the potential risks involved, however, these stocks often grow significantly over the course of time. Investing in inexpensive stocks is a wise move, provided that you hold on to them for at least one year to allow enough time for them to develop.
Four stocks that I suggest for less than $5 per share are High Standard Pharmaceuticals Company, Nova Oil, Inc., Direct Access Publishing Group, and Peak Media Holdings. If you are new to the market, you might want to try investing in them through an online brokerage firm that does not charge a high commission for their services, and remember: only invest up to five percent of your entire stock portfolio in any stock, including these.
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Quick Stock Quotes -- Thursday April 22 -- 2:40 P.M.
(Quotes delayed by 20 minutes)
Nova Oil, Inc. (NOI)
3.93 +0.08 +2.08%
Previous Close 3.85
Open 3.87
High 3.94
Low 3.79
Volume 864,300
Bid 3.91
Bid Size 600
Ask 3.97
Ask Size 3,300
52 Week range 1.64-8.90
At what price did the company's stock close on the previous day?
A.$3.79 per share
B.$3.85 per share
C.$3.91 per share
D.$3.93 per share