7 Most Undervalued Penny Stocks to Buy Now The current bear market has cleared out a lot of the frothiness that had accumulated over the past few years. Several of the biggest names in the stock market are now trading at multi-year lows as investors rotate out of risky investments. Many of these stocks are trading for chump change, which is why it’s an ideal time for investors to hunt for some undervalued penny stocks. Penny stocks are naturally more volatile than other companies trading on the equities market. They are typically thinly traded and are priced at a substantial bargain to their long-term outlooks. Moreover, they allow traders to quickly build their portfolios and progress towards safer investments. 5 Electric Vehicle Stocks to Buy on the Dip Hence, any investor cannot ignore the value of penny stocks, and perhaps the current downturn is the best opportunity for them to pick up a bunch of them. SHIP Seanergy Maritime Holdings Corp. $0.7039 GEVO Gevo $2.525 GTE Gran Tierra Energy $1.21 NOK Nokia $5.13 CURI Curiositystream $1.88 MUX McEwen Mining $0.333 IDEX Ideanomics $0.6828 Seanergy Maritime Holdings Corp. ( SHIP ) Source: Avigator Fortuner | Shutterstock.com Greek dry bulk shipper Seanergy Maritime Holdings Corp. (NASDAQ: SHIP ) has been in the news for spinning off its oldest vessel in Gloriusship through a wholly-owned subsidiary.