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Highlights
- Penny stock investing is one such form of investment which investors tend to explore during a volatile period.
- Penny stocks are usually traded at a price below £1 and have a market capitalisation of less than £100 million.
With rising inflation and interest rates, investors often look for viable options for investment purposes. Penny stock investing is one such form of investment which investors tend to explore during a volatile period. Such stocks may help market participants diversify their portfolios due to their relatively lower prices.
That said, due to low liquidity, penny stocks often come with a certain risk element. In Britain, equities that are usually traded at a price below £1 and have a market capitalisation of less than £100 million are known as penny stocks. These stocks are traded on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange (LSE).
Kalkine Media explores the top 5 FTSE listed penny stocks and sees how they have performed over the past few weeks.
Wildcat Petroleum PLC (LON: WCAT)
The AIM-constituent Wildcat Petroleum Plc is primarily an oil and gas company. The London-based company recently announced its expansion to Sudan. The company also agreed to work with the Sudanese government to increase daily Sudanese oil production by 100,000 barrels of oil equivalent per day. Wildcat Petroleum Plc has declined by 5.26% year-to-date (YTD) and 52.63% in a year.
Prospex Energy Plc (LON:PXEN)
The Britain-based oil and gas investment firm focuses on high-impact, onshore and shallow operations in the European region. Prospex Energy Plc enjoyed positive one-year returns and YTD returns of 302.32% and 9.17%, respectively. The AIM constituent boasted a market cap of £45.46 million and an EPS of 0.02.
Tavistock Investments Plc (LON: TAVI)
FTSE AIM All-Share stock, Tavistock Investments Plc, financial advice, and investment management firm which recognises the interests of the private investor. TAVI holds a market cap of £47.24 million. The financial services provider has given its investors positive returns of 24.07% and 36.94% on YTD and on a one-YTD basis. The TAVI stock had an EPS of 0.05.
Braveheart Investment Group PLC (LON: BRH)
Braveheart Investment Group, the strategic investment firm, holds a market cap of £5.34 million. BRH has given its investors negative returns of -11.12% and -59.26% on a YTD and a one-year basis.
Zephyr Energy PLC (LON: ZPHR)
Zephyr Energy PLC, a technology-led exploration and production company, has given its shareholders a one-year return of 10.38%. Meanwhile, the YTD stood in the negative territory at -18.85% with a market cap of £94.99 million.
