Cadence (KDNC), Empyrean (EME), Itaconix (ITX): 3 AIM penny stocks to buy

Highlights 

  • AIM listed stocks attract a lot of young investors as these stocks outperform and deliver higher growth.

  • Cadence Minerals Plc, Empyrean Energy Plc and Itaconix Plc are some of the companies listed on AIM with good future prospects.

Investment in the AIM listed stocks always attracts young investors’ attention with a common belief that AIM-listed companies can outperform and deliver higher growth and returns, above the industry average. Some companies listed on the AIM index have surpassed the investors’ expectations and performed better than peers, though such companies generally have strong fundamentals with good management along with unique business models or are operating in the niche segment of the market like electric vehicles or space technologies.

Let us look at AIM listed stocks that are in focus and might outperform with good returns:

Cadence Minerals Plc (LON: KDNC)

The company focuses on investment in mining projects. It partners with other companies in the discovery and development of mineral resources.

The company makes the investment in private and public listed mining companies from different regions. Investors and shareholders in Cadence Minerals Plc get exposure to multiple mining projects and companies through investment. At present, Cadence Minerals Plc has an investment in five publicly traded companies listed in Australia and on London Stock Exchange. During the six months ended 30 June 2021, the total assets of the company rose to £25.37 million, while its profit before tax was at £2.84 million.

Cadence Minerals Plc currently trades flat at GBX 21.00, on 16 September 2021 at 9:17 am GMT+1 with a market cap of £31.22 million.

Empyrean Energy Plc (LON: EME)

FTSE AIM-listed company engages in the exploration of energy resources at different locations. At present, the company has a working interest in China, Indonesia, and the US.

The company has announced that it has given the drilling contract worth USD 12.3 million for exploration on Block 29/11 located at offshore China to China Oilfield Services Limited. The company has saved approx. 34% on the contract value as it has previously estimated USD 18.5 million to drill at the site. The company is making good progress on the drilling program and has also raised gross proceeds of £5.02 million through an equity placing for the project.

Empyrean Energy Plc is currently trading flat at GBX 6.30, on 16 September 2021 at 9:13 am GMT+1 with a market cap of £36.11 million.

Related Read: 7 top LSE penny stocks to buy in September

Itaconix Plc (LON: ITX)

The company focuses on the development of plant-based products which are used in day-to-day life like soaps and detergents.

The company made its first shipment of sustainable detergent polymer for its European client. The polymer developed by the company is a key component in the making of non-phosphate detergent, which the EU-based client is expected to roll out in the European market by early 2022.

Itaconix Plc currently trades at GBX 10.50, up by 0.50% on 16 September 2021 at 9:10 am GMT+1 with a market cap of £44.79 million.

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