3 Penny Stocks to Explore in June - Thor Mining, Renewi, Wishbone Gold

Summary

  • Thor is an exploration and development company which has given a 186 per cent return in the last one year.
  • Renewi reported a statutory profit of EUR 11 million in FY 2021, compared to a loss of EUR 77.1million in FY 2020.
  • Wishbone Gold’s one-year returns stood at 1,207 per cent.

Penny stocks investing strategy has been gaining popularity. In this investment method, investors seek to buy stocks that are trading at low prices and have a low market cap in bulk to increase their returns in cases of any price movements. It provides an opportunity to make big returns to investors who are willing to take a risk.

In this article we will explore 3 FTSE listed penny stocks:

  1. Thor Mining PLC (LON: THR)

Thor is an exploration and development company and part of the FTSE AIM All Share index. The company recently reported about the director exercise of options at an exercise price of AU$ 0.01 per ordinary share for the issue of 1,000,000 ordinary shares.

It also announced 555,556 Ordinary Shares issued as CHESS depository interests, priced at AU $0.018 per share, which was the closing price on 24 May on ASX. The company also issued shares and warrants to other service providers.

(Image Source: Refinitiv)

THR’s shares ended at GBX 0.90 on 27 May. Meanwhile, the broader market FTSE AIM All Share index closed at 1,250.48, down by 0.16 per cent.

THR’s market cap was at £14.52 million, and its one-year return stood at 185.76 per cent. Its net asset value (excluding intangibles) in FY 2020 stood at 0.03 pence per share.

Also Read: Two Basic Materials Stocks Trending on the AIM - Goldplat PLC & Thor Mining PLC

  1. Renewi PLC (LON: RWI)

LSE listed Renewi is a European waste management company and is part of the FTSE All Share index. The company announced its FY 2021 results, stating that its underlying earnings before interest and tax from ongoing businesses were down 3 per cent at EUR 73 million compared to FY 2020, and ahead of its guidance.

RWI reported a statutory profit of EUR 11 million in FY 2021, compared to a loss of EUR 77.1 million in FY 2020. Its revenue from ongoing businesses was flat year on year in FY 2021 at EUR 1.693 billion.

The company said it made good progress with its innovation pipeline and expected an improved outlook for FY 2022, ahead of its previous forecasts.

 (Image Source: Refinitiv)

RWI’s shares ended at GBX 55.00, up by 3.77 per cent on 27 May.  RWI’s market cap was at £424.08 million, and its one-year returns stood at 200 per cent. Its dividend yield in FY 2020 stood at 1.70 per cent.

  1. Wishbone Gold PLC (LON: WSBN)

Wishbone Gold is a gold exploration, mining and bullion trading company and is a constituent of the FTSE AIM All Share index. The company announced its Halo gold and copper project would be presented by Dr. Simon Beams, MD of Terra Search, which is the company’s principal geological constants in Australia.

The presentation will share WSBN’s recent geochemical, magnetic results as well as an understanding of the Halo project at an Australian industry conference.

(Image Source: Refinitiv)

WSBN’s shares ended at GBX 18.30, down by 3.68 per cent on 27 May. Meanwhile, the Precious Metals sector index ended at 25,045.99, down by 0.23 per cent.

WSBN’s market cap was at £32.15 million and its one-year returns stood at 1,207 per cent. Its net asset value (excluding intangibles) as of FY 2018 stood at 0.01 cents per share.

Also Read: What Moved Wishbone Gold Plc and Cora Gold in Trade Today?

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