Top Penny Stocks of 2009

Despite all the negative hype about the stock market and the current economic crisis, there are also top penny stocks performers in 2009 that have been doing considerably well.

To give you a clear idea of which companies have been going through this boom, and perhaps to supply you a background for future investments, here is a list of some such go-getters.

ICOP Digital, Inc. (ICOP)

This company is responsible for creating, producing and marketing law enforcement surveillance solutions, whether mobile or stationary. Their shares began at 16 cents this 2009 and have recently climbed to $1.
Grill Concepts, Inc. (GRIL)
Grill Concepts manages, develops, and licenses casual diners under the name Daily Grill and using the name The Grill on the Alley for high-end restaurants. Over the past month, it has increased the value of its shares to 77 cents from the previous 24 cents.

AVIZA Technology (AVIZA)

Aviza acts as designer and manufacturer of semiconductor equipment. It also processes new technologies for the worldwide semiconductor market. As of January 2009, it has managed to bring up its 10 cents share to 30 cents.
California Coastal Communities (CALC)
This company deals in model homes and land development in South California counties. Due to impressive sales early in the year, the publicity pulled their stock value from 56 cents to higher than $1, making it one of the top penny stocks in the market.

Targanta Therapeutics Corporation (TARG)

Targanta develops and commercializes various antibiotics for nosocomial infections, that is, those contracted during a hospital stay. This biopharmaceutical company became one of the top penny stocks when MDCO acquired 100% of their outstanding shares, bringing up their 61 cents to an impressive $2.50.

Quantum Group, Inc. (QGP)

This is a consultancy and service provider for institutions that market healthcare plans managed by Medicare Advantage. Their stocks rose when they declared a service agreement with IBM.

Zoom Technologies, Inc. (ZOOM)

This company deals in and designs dial-up and broadband modems, products and services connected with voice over Internet protocol, and Bluetooth products. It has been gaining significant stock increases over the year.
North American Scientific, Inc (NASM)
The shares of NASM have surged upwards, making them eligible for the NASDAQ Capital Market once again. It specializes in the development and production of radiation therapy products, particularly those catered to prostate cancer patients.

These are only some of the top penny stocks of 2009, proving that there is still money to be made in penny stocks, if one chooses the right companies to invest in.