5 Best Penny Stocks To Buy Now

4. Comstock Resources Inc (NYSE:CRK)

At the end of September, 24 funds held shares of Comstock Resources Inc (NYSE:CRK) with a total value of $123.59 million, significantly up from 17 funds and $82.36 million, respectively a quarter earlier. Matt Smith’s Deep Basin Capital, which is the top shareholder of Comstock Resources among the funds in our database, more than doubled its position during the quarter to 5.24 million shares worth $123.59 million.

This is another beaten down energy company that made our list of the best penny stocks to buy now. CRK is a very leveraged stock though. Even though its market cap is only $1.1 billion, its enterprise value is nearly $4 billion. Leveraged stocks could easily go bankrupt, but if CRK hasn’t gone bankrupt so far, it will probably survive the pandemic. If oil prices manage to climb above $60 in 2021, CRK investors can easily outperform the market by a huge margin.