Five ASX penny stocks on investors’ radar for 2022

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  • Outperforming stocks are likely to deliver relatively higher returns in the future.
  • Investors are keeping an eye on this year’s outperformers like SYA, PRL, LKE etc. for 2022.
  • Investing in penny stocks is usually riskier than investing in well-established larger peers.

Penny stocks, although risky, make for one of the favourite pockets in the stock market for short-term traders. These stocks are highly volatile and therefore, are an ideal choice for high-risk appetite investors who crave abnormal returns.

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One of the best ways to gauge the future performance of a stock is to look at how it has performed in the past. Future returns may not be a true reflection of past performance but keeping outperforming stocks on the watchlist is an ideal criterion to begin with. On this note, let us have a look at five ASX-listed penny stocks that have fared exceptionally well in 2021. However, before taking the plunge, one must do a thorough research as penny stocks are infamous for being massively risky.

  1. Sayona Mining Limited (ASX:SYA)

Sayona Mining is an ASX-listed miner, having a market capitalisation of AU$951.07 million. The company holds interest in lithium and graphite projects across Canada and Western Australia.

5 ASX penny stocks on investors’ radar for 2022


The SYA share price is up by a massive 1320% this year, last trading at AU$0.14 on 30 November, 12:05 PM AEDT. In the latest quarterly results for the period ended September 2021, the company raised AU$65 million to fund NAL acquisition, while ramping up gold exploration plans in Western Australia.

  1. Province Resources Limited (ASX:PRL)

A natural resources company worth AU$175 million, Province Resources is aiming to become the country’s first zero carbon green hydrogen producer. The PRL share price has delivered an astonishing year-to-date return of 1500% to AU$0.16, as of 30 November 2021, 12:05 PM AEDT.

Recently, the Western Australian government announced that it will establish new tenure for green hydrogen developments by making amendments to Land Administration Act 1997, which is expected to benefit hydrogen producers.

  1. Lake Resources NL (ASX:LKE)

Lake Resources is a clean lithium developer, which provides battery-grade lithium with its game-changing direct extraction technology. The company has a market capitalisation of AU$1 billion and has delivered a YTD return of 977.5%, as of 30 November 2021, 12:05 PM AEDT.

The company minimised its net loss in FY21 to AU$2.89 million, from AU$4.9 million in FY20. In November 2021, the company also appointed Mr Gautam Parimoo as COO to drive development, construction and operation of Lake’s Kachi Lithium Brine Project.

  1. Arizona Lithium Limited (ASX:AZL)

Arizona Lithium (formerly Hawkstone Mining Limited) is another lithium player on the list. The company is focused on the development of low-cost lithium projects thorough its Big Sandy Lithium Project and Lordsburg Lithium Project. It is a small-cap explorer, having a market capitalisation of AU$194.3 million.

AZL shares have surged 950% to AU$0.1 this year, as of 30 November 2021, 12:05 PM AEDT. The company also doubled its land position in the Lordsburg Lithium Brine Project, staking further 96 BLM claims.

  1. Renascor Resources Limited (ASX:RNU)

Another minerals exploration company on the list, Renascor Resources is primarily focused on ethically sourced purified spherical graphite and has a market capitalisation of over AU$207 million. The company reduced its net loss from AU$1.07 million in FY20 to AU$0.88 million in FY21.

The Company’s shares have delivered a dream return to investors this year, having rallied 1020% to AU$0.11 this year, as of 30 November 2021, 12:05 PM AEDT.

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