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Highlights
- Investors should do their own research before investing in penny stocks, with decent balance sheet, attractive business prospects, dividend paying and low or zero debt.
- Penny stocks offer higher returns with lower cost than investing in blue-chip stocks.
Investing in penny stocks is gaining popularity among investors as it may offer higher returns at lower cost than investing in blue-chip stocks. But one should always remember but penny stocks come with higher risks.
Therefore, investors should do their own research before investing in penny stocks, with decent balance sheet, attractive business prospects, dividend paying and low or zero debt. It’s not easy to find such penny stocks as they are not so popular and are small and low-valued businesses. In UK, penny stocks are the stocks that trade with a share price below £1 and with market capitalizations below £100 million.
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Let us now look at the five penny stocks which you may consider buying now.
Also read: 2 AIM-listed lithium penny stocks to buy in 2022
- Quantum Blockchain Technologies Plc (LON: QBT)
Quantum Blockchain Technologies Plc has given a return of 953.70% to its shareholders in the last one year and its year-to-date return stands at -8.23% as of 7 January 2022. Quantum Blockchain Technologies PLC’s shares were trading at GBX 2.80, at 8:00 AM (GMT), with market capitalization of £26.46 million on 7 January 2022.
- Lookers Plc (LON: LOOK)
Lookers Plc has given a return of 245.71% to its shareholders in the last one year and its year-to-date return stands at 9.17% as of 7 January 2022. Lookers PLC’s shares were trading at GBX 72.60, up by 3.71% at 8:00 AM (GMT), with market capitalization of £274.32 million on 7 January 2022.
Also Read: Penny stocks or FTSE 100 stocks, which one to choose in 2022
- Zephyr Energy Plc (LON: ZPHR)
Zephyr Energy Plc has given a return of 630.73% to its shareholders in the last one year and its year-to-date return stands at -1.68% as of 7 January 2022. Zephyr Energy PLC’s shares were trading at GBX 6.83, up by 1.87% at 8:00 AM (GMT), with market capitalization of £87.42 million on 7 January 2022.
- PetroNeft Resources Plc (LON: PTR)
PetroNeft Resources Plc is a global oil and gas exploration and manufacturing business with operations in Russia. The company has given a return of 654.10% to its shareholders in the last one year and its year-to-date return stands at 20.10% as of 7 January 2022. PetroNeft Resources PLC’s shares were trading at GBX 4.50, up by 4.65% at 8:00 AM (GMT), with market capitalization of £46.09 million on 7 January 2022.
- Jadestone Energy Plc (LON: JSE)
Jadestone Energy Plc is an AIM-listed leading independent upstream oil and gas company that is engaged in production and near-term development assets within the Asia Pacific region and to acquire mid-life production assets. The company has given a return of 35.22% to its shareholders in the last one year and its year-to-date return stands at 6.59% as of 7 January 2022. Jadestone Energy PLC’s shares were trading at GBX 89.50, down by 1.21%, at 8:00 AM (GMT), with market capitalization of £421.36 million on 7 January 2022.
Also Read: 3 FTSE coal penny stocks to buy in 2022
