Pendragon, Restaurant Group, SIG: Hot penny stocks for February

3 min read | February 02, 2022 06:19 PM AEDT | By Rishika Raina

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Pendragon, Restaurant Group, SIG: Hot penny stocks for February — Image source: ShutterstockProfessional, Shutterstock.com

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Highlights

Penny stocks provide investors with high returns, but it comes with a higher risk factor.

Generally, the companies offering penny stocks are small and low-quality.

Investors should carry out an in-depth analysis of the penny stocks before investing their money.

The stock market has been extremely volatile lately due to various developments, particularly the pandemic. While some investors are becoming more and more pessimistic, others are optimistic about getting high returns even during these rough times. A very popular instrument, the stocks have the potential to provide investors with higher returns as compared to other stocks. Penny stocks largely trade at a price of under £1 with a market capitalisation of below £100 million. These stocks may give out huge returns but come with a higher risk quotient.

Generally, the companies offering penny stocks are small and less established companies that are yet to make big in the market. The prices of penny stocks are highly volatile and thus only a certain share of the investor’s portfolio should comprise penny stocks. Investors should carry out an in-depth analysis of the penny stocks before investing their money and select the favourable ones with good future prospects.

Let’s take a look 5 LSE-listed penny stocks that you can buy in February.

5 penny stocks to buy in February

Pendragon PLC (LON: PDG)

Pendragon PLC holds the position of the second largest motor retailer operating in the UK. The market cap of the company stands at £317.11 million, and it has provided a return of 62.12% to its shareholders in the last one year as of 1 February 2022. Pendragon PLC’s shares were trading at GBX 22.60, down by 0.44%, at 1:44 PM (GMT) on 1 February 2022.

Empiric Student Property PLC (LON: ESP)

UK-based REIT (real estate investment trust) Empiric Student Property plc provides and operates student accommodations. The market cap of the company stands at £525.99 million, and it has provided a return of 19.26% to its shareholders in the last one year as of 1 February 2022. Empiric Student Property plc’s shares were trading at GBX 87.30, up by 0.12%, at 1:46 PM (GMT) on 1 February 2022.

SIG plc (LON: SHI)

UK-based global company SIG plc supplies commercial interiors, roofing, insulation, and specialist construction products. The market cap of the company stands at £487.04 million, and it has provided a return of 43.85% to its shareholders in the last one year as of 1 February 2022. SIG plc’s shares were trading at GBX 41.84, up by 1.50%, at 1:48 PM (GMT) on 1 February 2022.

Restaurant Group plc (LON: RTN)

The Restaurant Group plc is a UK-based chain of pub houses and restaurants. The market cap of the company stands at £724.50 million, and it has provided a return of 45.28% to its shareholders in the last one year as of 1 February 2022. Restaurant Group plc’s shares were trading at GBX 99.00, up by 4.54%, at 1:49 PM (GMT) on 1 February 2022.

Atlantic Lithium Ltd (LON:ALL)

Previously known as IronRidge Resources, Atlantic Lithium operates various lithium projects in Ghana and Côte d'Ivoire. The market cap of the company stands at £196.22 million, and it has provided a return of 46.79% to its shareholders in the last one year as of 1 February 2022. Atlantic Lithium Ltd’s shares were trading at GBX 35.40, up by 3.51%, at 1:50 PM (GMT) on 1 February 2022.

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