5 Penny Stocks With Long-Term Growth Catalysts

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1. Verastem, Inc. (NASDAQ:VSTM)

Number of Hedge Fund Holders: 21  

Verastem, Inc. (NASDAQ:VSTM) is ranked first on our list of 10 penny stocks with long-term growth catalysts. The company makes and sells medicines to enhance the life of cancer patients. It is headquartered in Massachusetts. 

On September 20, Verastem, Inc. (NASDAQ:VSTM) announced positive new results from an ongoing study of FRAME, a drug for the treatment of patients with low grade serous ovarian cancer. The stock has returned more than 154% to investors over the past year. 

At the end of the second quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $241 million in Verastem, Inc. (NASDAQ:VSTM), up from 12 in the preceding quarter worth $129 million.

Out of the hedge funds being tracked by Insider Monkey, New York-based firm Baker Bros. Advisors is a leading shareholder in Verastem, Inc. (NASDAQ:VSTM) with 21 million shares worth more than $87 million.  

You can also take a peek at 10 Best Silver Mining Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.

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