3 penny stocks to keep an eye on amid interest rates hike

It can be expected that the high levels of food inflation may continue to remain for at least a span of six more months.

Highlights:,In the current market situation, several investors are looking at penny stocks to generate good returns.,While penny stocks do offer good returns, they are riskier because of highly speculative valuations.,The Bank of England (B ...

UK inflation levels are expected to hit record high levels in October.

Despite the fears of recession, there are investors looking for opportunities to generate huge returns from penny stocks.

Penny stocks are on the radar of investors amid rising inflation as they have a huge growth potential.

Highlights The UK economy has been contracting for two months straight, with the GDP declining by 0.1% in March and 0.3% in April. Since January last year, this is the first instance of the monthly GDP estimate getting negative contribu ...

Highlights Penny stocks are typically traded under the price of £1 and are mainly targeted by risk-taking investors. Usually, small companies with speculative valuations offer penny stocks, and thus they are riskier investments. ...

Highlights Penny stocks trade at low valuations as compared to blue-chip or mid-cap stocks. Market sell-offs in recession create opportunities to build a portfolio by investing in stocks that are trading at a cheaper value but have stro ...

Highlights Investing in penny stocks is an inexpensive way to diversify your portfolio, which could generate higher returns. Penny stocks are usually very volatile and risky investments, so investors should be very careful with their ch ...

Highlights 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 ...