Investors are always looking for that one hot piece of information that, along with the proper research, can lead to a major financial windfall in the coming months and years. Penny stocks are an especially sought after area since the initial investment in these low valued stocks is tiny, but the potential pay off can be huge. Scanning the latest penny stock news shows that the following companies are ready to take on the world and make investors into very wealthy people.

The first company we’ll look at is AspenBio Pharma Inc (APPY: NASDAQ). This penny stock, currently trading at only $4.80 a share, is likely to see major movement upwards over the next few years thanks to recent FDA approval of a major new drug to treat ailing animals. This is exactly the kind of red meat news that investors yearn for since it is extremely unlikely that a burgeoning company like this will experience a downturn after getting a long researched drug approved. If you have any spare pennies lying around, you may want to invest them in this quickly growing research and drug development company.

With new exploration off the United States coast for oil and natural gas slated to begin any day now, more and more people are taking financial refuge in oil and gas companies. One company that many agree is on the verge of serious expansion is PetroQuest Energy (PQ: NYSE.) This stock is so hot, in fact, that is already threatening to forgo its status as a penny stock with share prices already over $9. Analysts believe that the growth potential to natural gas and oil companies like this is practically unlimited; with estimates as high as $30 a share for PetroQuest Energy within two years.

The world has been eagerly awaiting a true vaccine for HIV, and although the vaccine being tested by Panacos Pharmaceuticals (PANC: NASDAQ) is still undergoing a whole series of trials, expectations are high, and with stock prices at a measly $.34 a share, the upside of this investment might be higher than with any other stock in the world. The real world, as well as the financial, implications from a cure for HIV are absolutely staggering. This is one stock that should be labeled “avoid at your own risk.” You may never come across a better opportunity to make a fortune than with Panacos Pharmaceuticals.

On a much less serious note, in times of economic hardship, people look to affordable and fun ways to have fun. One company that is banking its future on the world of gaming is GameTech International (GMTC: NASDAQ). This company manufactures bingo terminals and other gaming equipment. If there is one industry that always seems to do better in times of recessions, its casinos. This is one stock that has an excellent chance of really taking off over the next few months and years. GameTech International may have all of their investors shouting BINGO themselves!

If you enjoyed this post, make sure you subscribe to my RSS feed!

Tags: appy, gmtc, panc, Penny Stock News, penny stock recommendations, penny stock research, pq