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The stock market carnage in 2020 due to the pandemic literally tormented the world. But for the UK stock market with risks were more owing to the Brexit and the awful virus, lockdowns, and restrictions. Despite the widespread headwinds induced by the pandemic, the market participants were amazed the way market started recovering, there was broader participation of stocks, and apart from the blue chips, penny stocks also supported the rapid recovery.
The recent rollout of Covid-19 vaccination drive, lower interest rates regime, and several stimulus packages seemed to have helped the penny stocks in delivering staggering returns. As we head deeper into 2021, amid renewed hopes of economic recovery and vaccine rollouts, let us discuss some penny stocks that have given gigantic returns in recent times.
Copyright © 2021 Kalkine Media Pty Ltd.
- Ascent Resources Plc (LON:AST)
Shares of Caribbean, Latin America and Europe-focussed energy and natural resources company Ascent Resources have yielded triple-digit total returns of 494 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your have got a handsome return of £59,400 by now. AST shares last traded at GBX 12.63 on 9 February. Ascent’s market capitalisation stood at £12.96 million.
Ascent shares have risen substantially in the past few weeks as one of its development wells on the Petisovci tight gas field, PG-11A, has resumed production, and the local partners are looking to capitalise on the soaring gas prices that have been rising in the recent times. In addition, the company is progressing on its negotiations with the Slovenian government overcoming to an amicable resolution to their long-running dispute regarding the unfair treatment at Petisovci field.
Copyright © 2021 Kalkine Media Pty Ltd.
- Zoetic International Plc (LON:ZOE)
Shares of UK-based natural resource and vertically integrated CBD (Cannabidiol) company Zoetic International have yielded triple-digit total returns of 461 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your investment would have turned to £56,100 by now. ZOE shares last traded at GBX 77.40 on 9 February. Zoetic International’s market capitalisation stood at £ 156.46 million.
Zoetic has transformed itself into a CBD company and managed to substantially reduce its losses during the first half of 2021. Notably, the pre-tax loss of the company was down from £4 million in H1 2019 to £1.1 million in the first half of 2020.
The company’s tobacco alternative brand, Chill is making huge strides in the US market on the backdrop of increased sales and distribution deals. CBD chew pouches and pre-rolled smokes are among the bestsellers of the company. Additionally, Zoetic had recently signed a landmark deal with the Asian America Trade Association, which represents convenience stores based in the US for promoting its Chill brand of cannabidiol products.
Copyright © 2021 Kalkine Media Pty Ltd.
- Panthera Resources Plc (LON:PAT)
Shares of gold exploration and development company Panthera Resources Plc (LON:PAT) have yielded triple-digit total returns of 362 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your investment would have turned to £46,200 by now. PAT shares last traded at GBX 24.50 on 9 February. Panthera Resources’ market capitalisation stood at £21.63 million.
In a recent sampling programme at its West African Gold project, the mining company has witnessed exceptionally high-grade gold in soil anomalies that confirm the potential for high-grade mineralisation. The company is currently awaiting sampling results and expect the commencement of drilling programme by mid-2021.
- Alien Metals Ltd (LON:UFO)
Shares of UK-based mineral exploration and development company Alien Metals Ltd (LON:UFO) have yielded triple-digit total returns of 335 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your investment would have turned to £43,500 by now. The shares last traded at GBX 1.10 on 9 February. Alien Metals’ market capitalisation stood at £40.22 million.
The company has kicked off its maiden iron ore drilling programme in Western Australia and is marching ahead with drilling activities at the Donovan 2 copper-gold project (Mexico). Moreover, the company is currently awaiting approval from regulatory bodies on its Elizabeth Hill Silver Project. In the recent times, Silver has struck an 8-year high of US$30/oz and is expected to sustain this level in line with rising global demand for the metal applications in electronics and green energy.
- AFC Energy Plc (LON:AFC)
Shares of the leading provider of hydrogen power generation technologies AFC Energy Plc (LON:AFC) have yielded triple-digit total returns of 265 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your investment would have turned to £36,500 by now. AFC shares last traded at GBX 75.80 on 9 February. AFC Energy’s market capitalisation stood at £528.75 million.
Recently, AFC Energy joined forces with Ricardo, engineering services company, to develop its portfolio of hydrogen fuel cell-based offerings that are designed for marine, rail and stationary power generation applications in a bid to decarbonise transport, energy, and other critical infrastructure essential for nation’s development. This strategic move will help AFC Energy in assessing its technical and commercial viability in the realm of hydrogen-fuelled power and propulsion systems.
Copyright © 2021 Kalkine Media Pty Ltd.
- French Connection Group Plc (LON:FCCN)
Shares of UK-based fashion retailer French Connection Group Plc (LON:FCCN) have yielded triple-digit total returns of 245 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your investment would have turned to £34,500 by now. FCCN shares last traded at GBX 23.60 on 9 February. French Connection’s market capitalisation stood at £24.44 million.
Shares of the fashion retailer have rallied as the company received two separate bids from US based companies. Spotlight and Go Global Retail can make a proposal until 5 March. Since the reopening of stores in England and Wales in early December, trade has been encouraging. Also, the company is doing well in terms of its ecommerce portfolio. During the second half of the year, the wholesale segment has performed well due to solid online sales.
- 7digital Group Plc (LON:7DIG)
Shares of digital music and radio services platform 7digital Group Plc (LON:7DIG) have yielded triple-digit total returns of 239 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your investment would have turned to £33,900 by now. 7DIG shares last traded at GBX 1.58 on 9 February. 7digital Group’s market capitalisation stood at £42.87 million.
eMusic Live is a joint venture between 7DIG and world-leading international classical music artist Harrison Parrott to launch an exclusive online concert and music hub for classical music listeners -- Virtual Circle. It is a unique kind of offerings to cater to the growing demand for artist monetisation tools and has the potential to create an avenue for company’s growth. Also, the company fared better in the second half of 2020 as TikTok’s rival Triller and world-renowned new clients signed contracts. Additionally, the company witnessed contract renewals from long-term clients such as ROXI.
- Surface Transforms Plc (LON:SCE)
Shares of UK-based developer and manufacturer of carbon ceramic products used in automotive brake discs Surface Transforms Plc (LON:SCE) have yielded triple-digit total returns of 229 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your investment would have turned to £32,900 by now. SCE shares last traded at GBX 73.50 on 9 February. Surface Transforms Group’s market capitalisation stood at £113.09 million.
According to a recent trading update, the company’s revenue was in line with the company’s expectations and stood at £2 million for 2020. Despite the economic fallout caused by the pandemic, the company managed to win new contracts across its OEM and retrofit segments. The year 2020 has been good for the company as it witnessed a significant increase in contracted pipeline revenues along with new vehicle nominations.
- ValiRx Plc (LON:VAL)
Shares of UK-based biopharmaceutical company ValiRx Plc (LON:VAL) have yielded triple-digit total returns of 197 per cent in the last six-month period. An amount of £10,000 invested six months ago, would have turned to £29,700 by now. VAL shares last traded at GBX 25.50 on 9 February. ValiRx Group’s market capitalisation stood at £15.90 million.
Clinical stage drug development company ValiRx Plc has been granted four patents during the last 12 months. Also, the European Patent Office has expressed its intention to grant a patent for VAL201 into metastatic cancer in January. ValiRx is in a strong position to create a pipeline of novel compounds and continue development of existing products.
Copyright © 2021 Kalkine Media Pty Ltd.
- Savannah Energy Plc (LON:SAVE)
Shares of UK based energy producer, Savannah Energy Plc (LON:SAVE), have yielded triple-digit total returns of 152 per cent in the last six-month period. This means that if you had invested £10,000 six months ago, your investment would have turned to £25,200 by now. SAVE shares last traded at GBX 17.73 on 9 February. Savannah Energy Group’s market capitalisation stood at £188.32 million.
The energy company has struck a seven-year gas sales agreement with Mulak Energy Ltd, a unit of Egyptian conglomerate Mansour Group. Savannah Energy has reported a year-on-year growth of 23 per cent in its revenue, which stood at $235.9 million in 2020. The company is counting on its gas deals and expects revenue to be more than $205 million in 2021.
