HUR, HMI, BOR, BEN, CHAR: Top AIM stocks you may see amid recession fears

Highlights

• Growth in the UK’s business activity has dropped to a 15-month low level in May 2022.
• Consumer confidence in the UK has also hit record-low levels recently, hitting its lowest level since 1974.
• Despite average May sales, UK retailers have the worst outlook at present since November 2020.

Business activity in the UK has been slowing down lately, sparking the fears of recession. According to the latest business survey, growth in the UK’s business activity has dropped to a 15-month low level in May 2022. From 57.6 in April, S&P Global's UK flash PMI declined to 51.8 in May. This is the lowest figure recorded since February 2021.

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Additionally, consumer confidence in the UK has also hit record-low levels recently, hitting its lowest level since 1974. According to the Confederation of British Industry (CBI), the level of sales has been normal in May, but UK retailers have the worst outlook at present since November 2020. Amid the escalating cost-of-living crisis, both households and businesses are suffering while recession alarms are ringing.

Amid the recession fears, UK investors are exploring investment options that may potentially provide them with decent returns, for which the LSE’s Alternative Investment Market (AIM) offers a great platform. Here are 3 AIM-listed stocks offering good annual returns that investors may keep an eye on.

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Bens Creek Group plc (LON: BEN)

Bens Creek Group plc’s, which operates metallurgic coal mines in Northern America, shares were trading at GBX 90.00, down by 1.10%, at 11:40 AM (GMT+1) on 1 June 2022. The company was admitted to the AIM recently in October 2021, and it has given its shareholders a YTD return of 174.84% as of 31 May 2022. The current market cap of the company stands at £322.50 million, as of 1 June.

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Hurricane Energy plc (LON: HUR)

The shares of the company engaged in the exploration and production of hydrocarbon resources, Hurricane Energy plc, were down by 1.76% at 11:40 AM (GMT+1) on 1 June 2022 and were trading at GBX 7.82. The company has given its shareholders a return of 553.77% over the last one year as of 1 June 2022. The current market cap of the company stands at £158.55 million.

Borders & Southern Petroleum plc (LON:BOR)

The shares of the independent company exploring oil and gas resources in the Falkland Islands, Borders & Southern Petroleum plc, were trading at GBX 4.57 at 11:45 AM (GMT+1) on 1 June 2022. The company has given its shareholders a return of 405.46% over the last one year as of 1 June 2022. The current market cap of the company stands at £26.87 million.

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Harvest Minerals Ltd (LON: HMI)

The shares of the Australia-based producer of natural fertilizers, Harvest Minerals Ltd were down by 1.50% and were trading at GBX 16.40 at 11:45 AM (GMT+1) on 1 June 2022. The company has given its shareholders a return of 332.63% over the last one year, as of 1 June 2022. The current market cap of the company is £31.50 million.

 Chariot Limited (LON: CHAR)

The shares of the independent oil and gas exploration business, Chariot Limited, were down by 0.95% and were trading at GBX 20.80 at 11:45 AM (GMT+1) on 1 June 2022. The company has given its shareholders a return of 292.10% over the last one year, as of 1 June 2022. The current market cap of the company stands at £173.69 million.

AIM stocks were selected from TR based on the highest 52-week returns.