Coro Energy, Wishbone Gold & Prime People: 3 AIM stocks to buy

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Highlight

  • UBS Group believes disruptive technologies like cybersecurity, artificial intelligence and big data related businesses could outperform.
  • Coro energy Plc, Wishbone Gold Plc, Prime People Plc are three stocks in focus today.

UBS Group, one of the leading wealth management firms has published its outlook for the next decade. The investment bank believes disruptive technologies like cybersecurity, artificial intelligence and big data related businesses could outperform and deliver higher returns to investors.

Most of the AIM-listed companies are in their early stages of the business cycle and have the potential to grow exponentially if the underlying business model outperforms. From the investment point of view, risk-taking investors who are seeking high returns on investment might consider investing in AIM-listed stocks like Coro energy Plc, Prime People Plc, Wishbone Gold Plc etc.

Let us look at the above-mentioned FTSE listed AIM stocks that are in focus: 

Coro Energy Plc (LON: CORO)

The company operates in the oil and gas segment and is engaged in the exploration and production of oil as its assets in Asia and the United Kingdom.

The company has formed a joint venture with VPE, a Vietnam-based EPC contractor to develop the solar projects. Coro Energy has acquired an 85% stake in a newly formed joint venture through initial funding of USD 500,000. The company believes Vietnam is one of the fastest-growing markets with a high demand for renewable energy. Through a joint venture, Coro Energy will immediately develop a 5MW rooftop project, while VPE will transfer 150 MW of the existing project into the joint venture.

Coro Energy Plc currently trades at GBX 0.33, up by 1.56% on 19 November 2021 at 1:30 pm GMT+1 with a market cap of £6.76 million.

Wishbone Gold Plc (LON: WSBN)

The company operates in the gold exploration and production business. It holds exploration licenses for mining sites in Queensland, Australia.

The company announced that it has started drilling work at the Red Setter mining site in Western Australia. The geochemistry program conducted at the site by the independent consultant has identified four new high priority target zones for drilling. The company has obtained necessary approvals from the Western Australian government in May 2021 to drill up to 30,000 meters at Red Setter.

Wishbone Gold Plc currently trades at GBX 11, up by 35.80% on 19 November 2021 at 1:30 pm GMT+1 with a market cap of £14 million.

Prime People Plc (LON: PRP)

The company provides professional recruitment services in the UK, Asia, and other countries. Its main clients are from the real estate and construction sector.

During the six months ended 30 September 2021, the company reported revenue of £10.58 million, a rise of 22.2%. One of the key performance metrics of the company, its net fee income increased by 47.2% at £7.36 million, while its earnings per share was at 7.39p per share. The company’s management has a positive outlook for the upcoming quarters and is expected toaim deliver higher growth performance.

Prime People Plc currently trades at GBX 75.50, up by 13.53% on 19 November 2021 at 1:30 pm GMT+1 with a market cap of £8.08 million.stock


 

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