Should you buy these 3 AIM stocks trading at a discount today?

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Highlights

  • FTSE AIM index has been one of the best performing indices in the UK stock market.
  • The FTSE AIM All-share index has given a handsome return of 14% to its investors, as of 30 November 2021.
  • Many investors prefer investing in AIM-listed stocks as they have a growth orientation and potentially can give a high return on investment.

FTSE AIM index has been one of the best performing indices in the UK stock market. The FTSE AIM All-share index has given a handsome return of 14% to its investors, as of 30 November 2021. Many investors prefer investing in AIM-listed stocks like Hurricane Energy, Novacyt, and Eurasia Mining, as they have a growth orientation and potentially can give a high return on investment if the company’s underlying business outperforms.

However, investors should do their stock research and select the stock for investment and not simply depend on market rumours and speculation while investing. Moreover, investors should have the patience to hold on to a fundamentally strong stock for a longer time to gain a high return on investment.

Let us take a look at 3 AIM-listed stocks that are trading at a discount today:

Hurricane Energy Plc (LON: HUR)

The company operates in the oil and gas sector and is engaged in the discovery of oil from fractured basement reservoirs. It has multiple licenses in the United Kingdom.

The non-executive directors of the company and independent solicitor have completed the review of events that led to the rejection of the restructuring plan by the court on 28 June 2021.

The review concluded that the previous board worked in good faith and discharged their fiduciary duties diligently. As a result, no further action is necessary. Some shareholders of the company had requested a review.

After the announcement by the company, the stock price was down by over 16% to trade at GBX 3.50 on 20 December 2021 at 10:10 am GMT+1 with a market cap of £83.66 million. 

Novacyt S.A. (LON: NCYT)

The diagnostic product maker has operations in the Middle East, Europe, and Africa. It develops and manufactures diagnostic products for cancer detections and other diseases, including Covid-19. The company’s Covid-19 real-time PCR test was approved by the UK Health Security Agency's Medical Devices in November 2021.

As per the company, the test kit can detect all variants and mutations of Covid-19. The company is now working on resuming its product sales in the UK market.

Novacyt S.A. currently trades at GBX 363, down by 1.27% on 20 December 2021 at 10:10 am GMT+1, with a market cap of £259.66 million.

Eurasia Mining Plc (LON: EUA)

The precious metal and mining company operates the West Kytlim Mine located in the Urals and also runs the Monchetundra Project. It does the mining of platinum, gold, palladium.

The company announced a tier-1 scale JORC-compliant mineral resource estimate at the Nittis-Kumuzhya-Travyanaya region. The company’s 80% owned subsidiary TGK operates in the same region and has a license to mine in the area near the region of mineral resources estimate.

Eurasia Mining Plc currently trades at GBX 20.75, down by 10.56% on 20 December 2021 at 10:10 am GMT+1, with a market cap of £662 million.


 

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