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Summary
- People have a profound interest of investing in penny stocks
- With the inception of AIM platform, there is a wide variety of penny stocks
- There is a high likelihood of recovery in overall business sentiments
Investment into penny stocks have remained under the radar of many individuals in order to realise quick gains and the lucrative money-making story behind them. With the inception of AIM platform, there is a wide bunch of business owners that have taken their respective enterprises on the public platform in a desperate attempt to gain several benefits of stock market listing alongside diluting a considerable portion of their equity holdings in the corporation.
People having a profound interest in investing in penny stocks often ride their money on the shares that have been recently inducted onto the bourse. We take a look at different penny stocks, constituting the FTSE AIM All-Share index of more than 700 such corporations.
Hurricane Energy Plc (LON: HUR)
Shares of the Godalming-headquartered Hurricane Energy have been on a raging run, especially over the course of the last 30 days. The stock of Hurricane Energy has effectively tripled the shareholders’ wealth in the span of a month. According to the historical data available with the London Stock Exchange, the stock of Hurricane jumped as much as 239% to GBP 3.80 (30 June) from the share price level of GBP 1.12 as on 1 June.
Today itself, the stock rallied more than 35% to hit an intraday peak of GBP 3.80 from the previous closing price of GBP 2.80.
Also Read | 5 FTSE 100 companies with a dividend yield of over 5%
PetroNeft Resources Plc (LON:PTR)
The stock of Ireland-based PetroNeft Resources has jumped a little more than 40% in the last one month, taking its year-to-date (YTD) gain to over 530%. A return of more than 500% in a six-month stretch is quite phenomenal, at a time when the benchmark FTSE AIM All-Share index managed an upswing of approximately 8%.
The stock of PetroNeft rose as much as 23.61% to an all-new 52-week high of GBP 4.45 from the previous closing of GBP 3.60. The stock is a true example of multibagger penny stock as it has returned close to 740% from the multi-year lows achieved during the Covid-steered stock market crash.
Immotion Group Plc (LON:IMMO)
Shares of UK-based Immotion Group have returned nearly 41% in the last six months, comfortably outperforming the key index. Today itself, the stock advanced approximately 18% to GBP 6 from the last close of GBP 5.10, nearing the 52-week mark of GBP 6.90.
Also Read | Is it a good time to buy stocks and shares ISA?
I3 Energy Plc (LON: I3E)
With a one-month gain of nearly 61% and a YTD jump of a little more than 143%, the shares of I3 Energy remain one of the top performers in the last month, as well as the present calendar year. The stock rallied 16.26% on 30 June hitting a fresh 52-week peak of GBP 14.30 apiece. The shares of I3 Energy last closed at GBP 12.30.
Other penny stocks that remain in focus for July 2021 include Brandshield Systems Plc (LON:BRSD), Zoltav Resources Inc (LON:ZOL), Red Rock Resources Plc (LON:RRR), Mobile Streams Plc (LON:MOS), Filtronic Plc (LON:FTC) and Rockfire Resources Plc (LON: ROCK). Most of these shares have fallen in the six-month period so far. As we step ahead into the second half of 2021 with a set of relaxations due to be implemented from 19 July, there is a possible likelihood of considerable recovery in overall business sentiments.
