Is it the right time to invest in these 3 penny stocks?

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Is it the right time to invest in these 3 penny stocks?

 Is it the right time to invest in these 3 penny stocks?
Image source: Yuriy K, Shutterstock.com

Highlights

  • Victoria Oil and Gas announced that the perforations had been successfully added to the Logbaba well La-108 located in Cameroon.
  • Universe Group’s revenues rose by 19.8% year-on-year to £11.70 million in H1 2021 compared to £9.77 million in H1 2020.
  • Toople secured five major new contracts to provide leased line services. 

FTSE AIM Index features among the top-performing indices on the London Stock Exchange (LSE). AIM stocks are capable of delivering higher returns to investors despite having a lower market capitalisation. Most often, investors add AIM stocks to their portfolios as a majority of these companies are currently in the nascent stages of the business cycle and demonstrate tremendous growth potential.

Also, investing right from the early growth years of a company can offer a higher return in the long term. Here is a detailed review of the investment opportunity vested in three AIM-listed stocks – Victoria Oil & Gas, Universe Group and Toople.

Victoria Oil & Gas, Universe Group & Toople: Market cap details

(Data source: Refinitiv)

Victoria Oil & Gas Plc (LON: VOG)

Victoria Oil and Gas is engaged in the exploration, production and distribution of oil and gas in Russia and West Africa. The company accounts for a 57% stake in the Logbaba project, covering an area of 20 sq. km, and a 75% stake in the 1,235 sq. km Matanda Block, both located in Cameroon. Additionally, it is also engaged in the development, production, and sale of hydrocarbons. 

Today, the company announced that the perforations had been successfully added to the Logbaba well La-108 located in Cameroon, and an additional 42-meter net gas pay was added to the well.

Victoria Oil and Gas’ revenues for six months ended 30 June 2021 was US$7.1 million compared to US$12.6 million in 2020.

The shares of Victoria Oil & Gas are currently trading at GBX 4.05, up by 42.11% at 10:55 AM BST on 16 November 2021. The market cap of the company stands at £7.39 million.

Universe Group Plc (LON: UNG)

Universe Group is a UK-based financial technology firm. It specialises in retail management, payments and loyalty systems. Recently, Universe Group inked a £4.4 million supply contract to outdoor payment terminals for the forecourt estate of a major retail client.

Universe Group’s revenues rose by 19.8% year-on-year to £11.70 million in H1 2021 compared to £9.77 million in H1 2020. However, it reported an operating loss of £0.96 million in H1 2021 compared to £0.65 million in the same period in 2020.

The shares of Universe Group are currently trading at GBX 5.50, up by 19.57% at 10:57 AM BST on 16 November 2021. The market cap of the company stands at £12.10 million.

Toople Plc (LON: TOOP)

Toople is a UK-based telecom services provider to small and medium-sized enterprises (SMEs). In September, the company secured five major new contracts to provide leased line services. 

For the half-year ended 31 March 2021, Toople’s gross profit increased by 40% year-on-year to £470,000 compared to £335,000 in the same period in 2020. Its revenue was £1.5 million for the six-month period compared to £1.5 million in 2020.

The shares of Toople are currently trading at GBX 0.05, up by 16.67% at 10:58 AM BST on 16 November 2021. The market cap of the company stands at £1.90 million.

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