[isatrader]

Is it not extra risky since it's a penny stock?

I always have Jordan Belfort's voice in my head saying: penny stocks? who the hell would buy that **** LOL

Yep, much more volatility in these micro-cap stocks, and has more than a 4% spread. So personally I'd look for stock in the same sector with much greater liquidity and a tight spread that's showing a volatility contraction pattern. There are hundreds of gold stocks to choose from, so no reason to trade micro-caps if you don't need too imo.