Blue Star Capital, Harvest Minerals: Popular penny stocks you may look at

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Highlights

  • Penny stocks are well known for their features like high risk, low prices, and intense volatility.
  • There are plenty of listed penny stocks that offer high value and return to their shareholders, but you need to do your own research before making a buy call. 

Penny stocks are well known for their high risk, low prices, and intense volatility. These stocks usually don’t have the best reputation in the market, and it can be hard to predict where these stocks are heading, but the idea that all penny stocks are scammers or speculative isn’t true. There are still plenty of penny stocks that offer high value and return to their shareholders, but you need to do your own research before making a buy call.

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UK penny stocks are common stocks that are traded on the London Stock Exchange with a share price below £1, with a market capitalization of below £100. These stocks are not well-known or reputed businesses but are regarded as a more speculative investment than blue-chip businesses that can offer higher rewards to investors. Most penny stocks are traded on the Alternative Investment Market (AIM) segment of the London Stock Exchange. 

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Let us look at 5 UK penny stocks that you may consider after the recent stock market correction.  

Harvest Minerals Ltd (LON: HMI)

Harvest Minerals Plc is an Australia-based natural fertilizer company engaged in mineral exploration and production of organic natural fertilizer. The shares of the fertilizer company were up by 1.61% at GBX 15.75 on 13 April 2022 at 12:40 PM (GMT+1).  The current market capitalisation of Harvest Minerals Ltd stands at £29.32 million. As of 13 April 2022, the company has provided its shareholders with a return of 479.63% in one year.  

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Kodal Minerals Plc (LON: KOD)

Kodal Minerals Plc is a UK-based lithium exploration and development company. The shares of the company were up by 6.06% at GBX 0.32 on 13 April 2022 at 12:40 PM (GMT+1). The current market capitalisation of Kodal Minerals Ltd stands at £47.02 million. As of 13 April 2022, the company has provided its shareholders with a return of 119.09% in one year.  

 

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Premier African Minerals Limited (LON: PREM)

Premier African Minerals Limited is a multi-commodity mining and natural resource development company especially in West and Southern Africa. The shares of the company were trading at GBX 0.30 on 13 April 2022 at 12:40 PM (GMT+1). The current market capitalisation of Premier African Minerals Limited stands at £58.25 million. As of 13 April 2022, the company has provided its shareholders with a return of 34.55% in one year.  

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Blue Star Capital Plc (LON: BLU)

Blue Star Capital Plc is an investment company with a focus on esports, gaming, media, and new technologies, particularly in the areas of payments, blockchain, and NFTs. The shares of the company were down by 7.79% at GBX 0.36 on 13 April 2022 at 12:40 PM (GMT+1). The current market capitalisation of Blue Star Capital Plc stands at £19.22 million. As of 13 April 2022, the company has provided its shareholders with a return of 111.94% in one year.  

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Immupharma Plc (LON: IMM)

Immupharma Plc is a UK-based drug discovery and development company. The shares of the Specialty biopharmaceutical company were up by 53.98% at GBX 8.70 on 13 April 2022 at 12:40 PM (GMT+1). The company recently reported a positive update from the Lupuzor™/P140 pharmacokinetic study required by the US Food &Drug Administration (FDA), as part of the new optimised international phase 3 trial of Lupuzor in lupus patients. The current market capitalisation of Immupharma Plc stands at £16.10 million. As of 13 April 2022, the company has provided its shareholders with a return of -10.08% in one year.  

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Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


 

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