7 Best Penny Stocks Under $1 to Buy in July

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While the market offers myriad avenues for high-risk speculation, the best penny stocks under $1 may present some of the most sweat-inducing, blood-pressure-racing moments ever. Yeah, sure, they’re priced below a buck – what can go wrong? Well, plenty of things can go wrong.Let’s set the proper framework here. Of course, we all know that in the market, your profitability centers on the underlying percentage gains, not the nominal price tag of the shares in question. So, while so-called affordable stocks to buy may appear that way on paper, their underlying beta or volatility could make the acquisition the most expensive in terms of the pain caused.At the same time, not all cheap penny stocks will likely evaporate into nothingness. A rare few may actually have the goods to drive higher. It’s just that you’ve got to be aware of the possibility that circumstances can get ugly very quickly. If you can accept that, these are the July penny stock picks to consider.Pedevco (PED)The only name on this list of best penny stocks under $1, Pedevco AMEX:PED risks losing that status if it continues to be priced under a buck. At the time of writing, shares traded hands at around 92 cents, which is a loss of more than 15% since the start of the year. Based in Houston, Texas, Pedevco is a premier public oil and gas company focused on developing conventional assets using unconventional technologies.Per its website, Pedevco features operations in the Permian Basin of Texas and the D-J Basin located in Colorado. Despite its ridiculously risky profile, Pedevco may rank among the July penny stock picks because of its balance sheet. According to Gurufocus, the company features a cash-to-debt ratio of over 277 times. This stat is above 84.52% of its oil and gas peers.Notably, Pedevco features a Piotroski F-Score of 7 out of 9, indicating decent operational efficiency. As well, its Altman Z-Score comes in at 4, indicating low bankruptcy risk. Also, it’s worth mentioning that its net margin is 10.5%, beating out 63.36% of sector rivals.PT Adaro Energy Indonesia (PADEF)Headquartered in South Jakarta, Indonesia, PT Adaro Energy Indonesia OTC:PADEF is its namesake nation’s second-largest coal miner by production volume, per its public profile. Fueling a vital emerging market, PT Adaro Energy could be intriguing for those seeking the best penny stocks under $1. However, with shares tu...

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