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Highlights
- Penny stock investing has risen in popularity as investors seek newer investment opportunities.
- While penny stocks can be cheaply priced and potentially given high returns, they also carry risk.
Investing in penny stocks has risen in popularity as investors seek newer investment opportunities. Such stocks allow one to buy cheaply priced stocks that have the potential to give big returns. Penny stocks usually trade under £1 and have a market cap of below £100 million.
2021 was a good year for penny stocks, with many giving gargantuan returns to their investors. In this article, we will look at the 5 penny stocks that not only performed well in the passing year but have the potential to perform well in 2022 as well:
- Quantum Blockchain Technologies PLC (LON: QBT)
Quantum Blockchain Technologies is an investment company focused on the tech space, such as blockchain technology. It is a part of the FTSE AIM All-Share index.
The group, in its FPGA and ASIC Development update on 5 November 2021, reported that its first phase of FPGA development was completed. And the testing for its ASIC prototype chip will start by the end of Q1 2022.
The company’s market cap stands at £27.88 million, and its one-year return stood at 1,003.90 per cent as of 31 December 2021.
- Itaconix PLC (LON: ITX)
Itaconix is a maker of speciality polymers and is a constituent of the FTSE AIM All-Share index.
The group’s H1 2021 revenues were up by 26 per cent to US$ 1.4 million, up from US$ 1.086 million in the year before. It’s H1 2021 gross profits stood at US$ 0.524 million, up from US$ 0.403 million in H1 2020.
The company’s market cap stands at £29.27 million, and its one-year return stood at 127.59 per cent as of 31 December 2021.
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- Critical Metals PLC (LON:CRTM)
Critical Metals is a mining investment company listed on the main market of the London Stock Exchange (LSE).
As per its 21 October proposed acquisition update, Critical Metals agreed to an advance funding of US$ 140,000 for its proposed acquisition of Madini Occidental (MO), which will help Critical get an indirect 70 per cent beneficial interest into the project.
The advance funding will be made via a subscription for US$140,000 unsecured convertible notes into Madini Occidental, pursuant to Madini issuing about US$595,000 of the unsecured convertible loan note.
The company’s market cap stands at £7.81 million, and its one-year return stood at 228.95 per cent as of 31 December 2021.
- Ridgecrest PLC (LON:RDGC)
AIM listed firm Ridgecrest is a cash shell company.
The group’s FY 2021 total revenue stood at £4.633 million, compared to £9.719 million in the year before.
The company’s market cap stands at £5.19 million, and its one-year return stood at 4.55 per cent as of 31 December 2021.
- Jaywing PLC (LON:JWNG)
Jaywing is a British agency and consulting firm listed on the FTSE AIM All-Share index.
The group’s net revenue, for the 6 months to 30 September 2021, stood at £11.606 million, up from £9,342 million in the year before.
During the period, its adjusted EBITDA stood at £1.026 million, compared to £1.389 million in the previous year.
The company’s market cap stands at £10.03 million, and its one-year return stood at 78.57 per cent as of 31 December 2021.
