The Top Five Cheap Stocks of 2016

2016 has ended and the search for the next big stocks of 2017 is on again. Of course, the stocks with the biggest potential of doubling in value have a great chance of being those cheap stocks. Here we’ve collected the stocks of small cap companies who we think are the most likely to grow healthy next year because of their strong fundamentals and solid history. The best part is, all of them are under $10.

Advanced Micro Devices Inc. (NASDAQ:AMD)

This multinational semiconductor giant is based in the State of California Their main products are computer processors and other technological necessities. For the year 2016, the company’s stock expanded by 145.29% at a price of $7.04 at the close of August 18. It is expected to grow even more after it unveiled the Zen microprocessor chip which is slated to be released early this year.

Cemtrex Inc. (NASDAQ:CETX)

According to its website, Cemtrex is a “producer of custom engineered electronics emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities.” On August 18, Cemtrex Inc achieved a closing price of $5.16 for a total 118.64% in annual growth. That’s got to be something to look forward to.

ElectroMed Inc. (NYSE:ELMD)

The company behind SmartVest Airway Clearance System is one that is making ripples in the market. ElectroMed Inc. is a medical innovation company that is the top producer for respiratory clearance therapy. The stock of the company is priced as low as $4.44 which it hit last August 18. Since then, the company soared by as much as 133.68% for the year of 2016. Historically, the stock performed phenomenally with a three-year record of an average of 80.2% growth.

Hecla Mining Inc. (NYSE:HL)

The biggest primary silver producer in the United States of America is also one of the company who has the cheapest stocks. With a closing price of $7.11 on August 18, the stock has grown by a whopping 276.19% for the year of 2016.

New Gold Inc. (NYSE:NGD)

This multinational mining firm is involved with gold, silver, and copper. It is currently operating four mines and developing two more projects. It closed at the price of $5.77 on August 18 with a price boost of 148.70% for the year 2016.