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Even though some analysts consider health care stocks as a safe place to invest funds while the market is overly volatile, there are some of these penny stocks which exhibit the same volatility as higher price stocks. Some of these penny stocks are priced at around $5 for each share and have the tendency to experience lopsided losses during sell-offs, but would also give investors a good amount of profit when they go up the market.
One of these penny stocks is PHC Inc. (AMEX:PHC) The company offers psychiatric services for behavioral health problems among its patients, who are frequently alcohol or drug dependent. PHC Inc has a number of health facilities in the US. The stocks of the company have increased by nearly 160 percent in the past year and its increase in revenue for the quarter was at around 14 percent.
Another one of these penny stocks is Genetic Technologies (GTG:ASX). This Australia-based company has three main business areas, namely research, genetic testing and licensing. The company converts its research and testing in genetics into services and products. During the past three months, the prices of these penny stocks have increased by 152 percent and some observers have indicated that the prices of these penny stocks will probably go higher in the future.
Columbia Laboratories Inc. (NASDAQ:CBRX) is another penny stock which has given investors good gains recently. The company manufactures bio-adhesive medicine delivery systems. Crinone is among its better known product which is being sold worldwide.
The share price of these penny stocks have increased by 211 percent in the past year as compared to the smaller increases of shares in other industries. The shares of the company have increased by 56 percent since the year started. Basing on stock market data these penny stocks are currently being traded four times higher than its lowest level in around 52 weeks at $0.88.
