Have some Penny stocks ever made it to become Small cap stocks or mid cap stocks?
Has any penny stocks ever progressed to become Small Cap or Mid Cap stocks?
Yes some penny stocks have made it to small cap and some have even made it to mid cap but more have not made it.;
The capitalization of a firm has nothing to do with the market price of the stock. There are many large cap companies selling at low prices, let alone small and mid caps, and there are some mid caps selling at high stock prices.
They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money.
When buying penny stocks, like any other security investment, you never invest 100% of you investing capital. Penny stocks are fun to trade, but you should never count on them to be considered part of your primary investment objectives.
All that said, here are some websites that you will find helpful
How to Invest In Penny Stocks RIGHT NOW