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- Penny stocks are becoming increasingly popular among investors due to their potential of generating great returns.
- Penny stocks are generally of smaller companies that have more speculative valuations.
2022 hasn’t been very kind to the stock market, and many blue-chip stocks have also lost significant value lately. However, many of the penny stocks, despite being considered riskier, have performed well in the volatile market. By carefully analysing the fundamentals of the company and looking at its growth prospects, investors can likely gain from penny stocks.
Penny stocks are the stocks that generally trade below £1 with a market capitalisation of less than £100 million. These stocks are becoming increasingly popular among investors due to their potential of generating great returns. However, these high returns come with an even higher risk factor. Penny stocks are generally of smaller companies that have more speculative valuations.
Investors should conduct thorough research before investing in penny stocks and choose the promising ones. The financial standing of the companies, their balance sheet, business model, vision for growth, and other valuations must be analysed before investing in penny stocks.
Here are 5 penny stocks that have returned over 100% to their investors in the last one year and can be kept an eye on in April.
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Tavistock Investments plc is a UK-based firm offering investment related services. The shares of the company were up by 0.84% at GBX 6.00 on 1 April 2022 at 8:57 AM (GMT+1). The current market capitalisation of Tavistock Investments stands at £33.18 million. As of 1 April 2022, the company has provided its shareholders with a return of 155.81% in one-year.
Kodal Minerals plc is a mining and exploration business focused on lithium. The shares of the company were at GBX 0.28 on 1 April 2022, at 9:28 AM (GMT+1). The current market capitalisation of Kodal Minerals stands at £43.93 million. As of 1 April 2022, the company has provided its shareholders with a return of 125.60% in one-year.
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