BRCK, ALL, STAF, SCE: 4 FTSE penny stocks you can buy in March

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Highlights

  • The bull market phase in the UK in 2021 witnessed many smaller unknown stocks rise substantially, leading to higher returns for investors.
  • A volatile market condition due to different factors like the most recent Russia-Ukraine conflict might have a negative impact on the penny stock portfolio.

In 2021, a bull market phase in the UK resulted in many smaller unknown stocks rising substantially, leading to unexpectedly higher returns for investors.

For the last some time, there has been growing interest in penny stocks investing and the First-time investors with limited funds looking to profit by buying shares in large qualities of companies that trade under £1.

However, all penny stocks don’t give such high returns. A volatile market condition due to different factors like the most recent Russia-Ukraine conflict might have a negative impact on the penny stock portfolio. Hence, investors must keep in mind the investment risk associated with penny stocks and should do their own research before investing.

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Let us look at 4 FTSE listed penny stocks that are in focus and can be considered for investment in March:

Brickability Group Plc (LON: BRCK)

The FTSE AIM-listed company supplies building material products like bricks, blocks, and roofing products in the United Kingdom. The company witnessed an excellent business environment amid the rising housing demand in the UK. As per the latest business update, the company expects adjusted EBITDA of at least £32 million for the full year to 31 March 2022. The current rising demand for new homes in Britain has led to new project launches and an overall rise in construction activity which might help the company’s business and profitability.

Brickability Group Plc’s last close was at GBX 92.50 on 03 March 2022, with a market cap of £276.1 million.

Atlantic Lithium Limited (LON: ALL)

The metal and mining company has a portfolio of lithium mining projects in Western Africa. Ewoyaa Project in Ghana is its key project. As per the company, its Ewoyaa Project is fully funded till the production stage by Piedmont Lithium Inc. for total consideration of USD 102 million with a commitment of further investment. The company is currently carrying out drilling activity at its project site. The rising price of lithium metal in the international market due to higher demand from electric vehicle makers is likely to benefit the company’s business once it reaches the production stage.

Atlantic Lithium Limited’s last close was at GBX 41 on 03 March 2022, with a market cap of £235.24 million.

Staffline Group Plc (LON: STAF)

The company offers recruitment and skill training services in the United Kingdom. For the year ended 31 December 2021, the company reported £942.7 million in revenue and a gross profit of £82.8 million. The underlying operating profit of the company rose by 108.3% to £10 million, mainly due to the higher demand for a skilled workforce from different industries. The economic recovery after the pandemic and Brexit has boosted demand for the staffing service provider, which can help bridge the gap and address the shortage by supporting the businesses to connect with the right talent.

Staffline Group Plc’s last close was at GBX 44.40 on 03 March 2022, with a market cap of £73.77 million.

Surface Transforms Plc (LON: SCE)

The original equipment manufacturer designs and develops ceramic breaks used in aircraft, automobiles, and sports cars. The company reported a 20% rise in revenue to £2.4 million for the year ended 31 December 2021. The company’s products are mainly used in luxury cars and sports vehicles. The rising demand and surge in sales of luxury vehicles would benefit the company’s revenue and profitability.

Surface Transforms Plc’s last close was at GBX 45.50 on 03 March 2022, with a market cap of £88.84 million.

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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