- Quantum Blockchain reported its H1 2021 results today, raising up to £1.7 million via two equity placings
- Xtract Resources reported the results of its BRDD-21-017 drill hole at the Bushranger projec
Investors are increasingly looking for new and interesting stock options in the market as inflation concerns mount in the UK.
Penny stocks are an attractive option for investors as they have the capacity to offer bumper returns and are cheaply priced. However, they carry a high level of risk due to volatile prices, low levels of liquidity and other factors.
Let us take a look at 2 FTSE AIM All-Share index stocks that were trending today and have given 100-400 per cent return in the year so far:
- Quantum Blockchain Technologies (LON: QBT)
Quantum Blockchain is an investment company focused on blockchain technology. The company reported its unaudited interim H1 2021 results today.
Quantum raised up to £1.7million in H1 2021 via two equity placings and also received approval to start a new blockchain and digital currency related strategy.
It reported an operating loss of EUR 714,000, compared to EUR 228,000 in H1 2020.
(Image Source: Refinitiv)
Quantum’s shares were trading at GBX 1.23, up by 2.08 per cent on Wednesday at 09:09 AM BST. Meanwhile, the FTSE AIM All-Share index was at 1,263.72, up by 0.29 per cent.
Quantum’s market cap was at £10.77 million, and its year-to-date return stands at 383.20 per cent as of 22 September 2021.
- Xtract Resources PLC (LON: XTR)
Xtract Resources is a UK based diversified metals and minerals producer with a focus on gold and copper metals.
The company found visible chalcopyrite mineralisation at the BRDD-21-017 drill hole at an intersection of 607 meters. The drill hole result is from the Bushranger Project’s phase 2 drilling programme at the Racecourse Copper-Gold Deposit in Australia.
BRDD-21-017 drill hole passed through 150 meters zone of stronger visible chalcopyrite mineralisation from 159 meters of depth.
(Image Source: Refinitiv)
Xtract shares were trading at GBX 4.05, up 2.53 per cent on Wednesday at 09:29 AM BST. Meanwhile, the precious metals sectoral index was at 19,821.83, up by 0.19 per cent.
The company’s market cap was at £33.38 million, and its year-to-date return stands at 130.34 per cent as of 22 September 2021.
Penny stocks have the opportunity to give high levels of returns; both of these stocks have offered over 100 per cent in the year-to-date returns to their shareholders.
Investors willing to undertake the risks associated with penny stocks can consider exploring these two stocks but should time them during a dip in order to maximise returns potential.