5 Popular Penny Stocks on Robinhood

4. Almaden Minerals Ltd. (NYSE:AAU)

Number of Hedge Fund Holders: 3  

Almaden Minerals Ltd. (NYSE:AAU) is a Canadian firm that explores, develops and markets minerals. In late October, Almaden Minerals Ltd. (NYSE:AAU) announced that it was reorganizing the structure and would spin off early-stage exploration projects, royalty interests and certain other non-core assets.

At the end of the third quarter of 2023, 3 hedge funds in the database of Insider Monkey held stakes worth $48,000 in Almaden Minerals Ltd. (NYSE:AAU), compared to 4 in the preceding quarter worth $72,000.