The question now becomes: Are penny stocks undervalued, or are speculators dominating trading volume? Without further ado, here are three undervalued penny stocks to consider. Graham Corporation (NYSE:GHM) operates in the engineering field, emphasizing the design and development of high-level solutions for participants in the defense, space, and energy industries. Zomedica (ZOM) Zomedica (NYSE:ZOM) is a veterinary health company operating in pet pharmaceuticals' design, development, and commercialization. A ...