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Highlights
- Gold is a great investment for portfolio diversification and is used as a hedge against inflation.
- Investing in gold penny stocks is a great way to reduce the risk related to penny stock investments.
Penny stocks are becoming highly popular among investors due to their potential of generating high returns. Even though these high returns are accompanied by a higher risk quotient, the risk can be mitigated by considering gold penny stocks. Gold is a great investment for portfolio diversification and is used as a hedge against inflation. Thus, investing in gold penny stocks has the potential to give the investors the best of both worlds, which is lower risk with higher returns.
Some of the top global gold penny stocks, which have provided maximum returns last year include Gold Resource (AMEX: GORO), Harmony Gold Mining Co (NYSE:HMY), and Avion Silver & Gold Mines (AMEX: ASM). Despite majority gold stocks giving negative returns in the last one year, their future prospects remain good.
Let’s now take a look at 5 AIM-listed gold penny stocks that you can buy to diversify your portfolio.
RELATED READ: These penny stocks might turn around your fortune in 2022
© 2022 Kalkine Media®
Galantas Gold Corporation (LON:GAL)
The market cap of Galantas Gold Corporation stands at £23.45 million, and it has given a return of -128.97% to its shareholders in the last one year as of 17 January 2022. Galantas Gold Corporation’s shares were trading at GBX 32.00 at 1:40 PM (GMT) on 17 January 2022.
Greatland Gold PLC (LON: GGP)
The market cap of Greatland Gold PLC stands at £562.47 million, and it has given a return of -57.92% to its shareholders in the last one year as of 17 January 2022. Greatland Gold PLC’s is a part of the FTSE AIM 100 Index, and its shares were trading at GBX 14.00, up by 0.72%, at 1:33 PM (GMT) on 17 January 2022.
Wishbone Gold Plc (LON: WSBN)
The market cap of Wishbone Gold Plc stands at £16.16 million, and it has given a return of -35.17% to its shareholders in the last one year as of 17 January 2022. Wishbone Gold Plc’s shares were trading at GBX 9.35, up by 0.54%, at 1:43 PM (GMT) on 17 January 2022.
RELATED READ: Why investing in gold this year can be profitable?
© 2022 Kalkine Media®
Conroy Gold and Natural Resources PLC (LON:CGNR)
The market cap of Conroy Gold and Natural Resources PLC stands at £11.09 million, and it has given a return of -19.70% to its shareholders in the last one year as of 17 January 2022. Conroy Gold and Natural Resources PLC’s shares were trading at GBX 28.25 at 1:45 PM (GMT) on 17 January 2022.
Pan African Resources PLC (LON: PAF)
The market cap of Pan African Resources PLC stands at £362.53 million, and it has given a return of -24.60% to its shareholders in the last one year as of 17 January 2022. Pan African Resources PLC’s is a part of the FTSE AIM 100 Index shares were trading at GBX 18.02, down by 4.15%, at 1:48 PM (GMT) on 17 January 2022.
