5 Best Penny Stocks to Invest $100

In this article, we discuss the 5 best penny stocks to invest $100. If you want to read our analysis of these stocks, go directly to the 10 Best Penny Stocks to Invest $100.

5. Uranium Energy Corp. (NYSE:UEC)

Stock Price as of August 16: $3.43

Number of Hedge Fund Holders: 12

Uranium Energy Corp. (NYSE:UEC) is a Corpus Christi, Texas-based uranium corporation.

The company owns over 1.7 million pounds of uranium with a market value of roughly $82 million, 15 million shares of Uranium Royalty Corp. (NASDAQ:UROY) with a market value of over $40 million, and also has ownership and mining rights to several uranium mines.

In late July, Uranium Energy Corp. (NYSE:UEC) revealed its plans to acquire UEX Corporation (OTC:UEXCF). The acquisition will aid Uranium Energy Corp in doubling its uranium resources in politically stable jurisdictions. The company will also continue to be a beneficiary of the higher physical inventory required by Sprott Physical Uranium Trust Fund (OTC:SRUUF). The uranium industry is in a strong position to increase its market share as governments and corporations worldwide are working on decarbonizing the environment by lowering carbon emissions. This will play to Uranium Energy Corp.’s (NYSE:UEC) advantage.

Uranium Energy Corp. (NYSE:UEC) was held by 12 hedge funds as of Q1 2022.