Which LSE penny stocks are doing well right now?

4 min read | December 11, 2021 02:33 AM AEDT | By Rishika Raina

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Which LSE penny stocks are doing well right now? — Image source: Vitalii Vodolazskyi, Shutterstock

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Highlights

Penny stocks are becoming increasingly popular among investors due to their potential of generating high returns in the volatile market.

The risk factor associated with penny stocks increases with the returns.

Investors are always advised to conduct a thorough research before investing in penny stocks.

Stocks that generally trad below £1 and have a market capitalisation of less than £100 million are known as penny stocks. These cheap stocks are becoming increasingly popular among investors due to their potential of generating high returns. However, the risk factor associated with such stocks increases with the returns.

Thus, only a certain portion of your investment portfolio should be dedicated to penny stocks, as dealing in penny stocks is risky due to higher price volatility and also because the companies offering penny stocks are generally small and low on quality.

Investors should conduct a thorough research before investing in penny stocks and choose the promising ones with a bright outlook.

Here are 5 UK penny stocks that you can buy amid slowdown and uncertainty in the market.

Abingdon Health PLC (LON:ABDX)

Abingdon Health PLC is a UK-based company which manufactures high-quality lateral flow tests, or rapid tests, for detection of diseases. It recently got listed on the Alternative Investment Market (AIM) of LSE in December 2020 and its business has been booming in the pandemic due to its Covid-19 test kits. The current market cap of the company stands at £32.15 million as of 10 December 2021. Abingdon Health PLC’s shares were trading at GBX 31.00 at 12:07 PM (GMT) on 10 December 2021.

Vector Capital PLC (LON:VCAP)

Vector Capital PLC is a UK-based company which offers financial services to commercial clients. Its clientele basically includes customers looking out to fund land development, acquisition, and so on. It got listed on the LSE’s AIM in December 2020 as well and its business has also boomed over the few past months due to high demand. The current market cap of the company stands at £22.62 million as of 10 December 2021. Vector Capital PLC’s shares were trading at GBX 50.00 at 12:19 PM (GMT) on 10 December 2021.

Inland Homes PLC (LON: INL)

Inland Homes PLC is a leading UK-based brownfield property developer. As the demand for new spacious homes has been growing significantly in the UK due to the pandemic, the company has profited a lot from selling and leasing residential properties. It got listed on the LSE’s AIM in 2007. The current market cap of the company stands at £114.92 million as of 10 December 2021. Inland Homes PLC’s shares were trading at GBX 50.30 at 1:04 PM (GMT) on 10 December 2021.

EQTEC PLC (LON: EQT)

EQTEC PLC is a UK-based energy company which has expertise in gasification technology. The bioscience energy company focuses on generating sustainable energy through its patented technology. As investors become more environmentally conscious, this stock may skyrocket in future. It got listed on the LSE’s AIM in 2008. The current market cap of the company stands at £107.04 million as of 10 December 2021. EQTEC PLC’s shares were trading at GBX 1.25 at 1:24 PM (GMT) on 10 December 2021.

Appreciate Group PLC (LON:APP)

Appreciate Group PLC is a UK-based financial services business which is a market leader in gifting and engagement. Its revenues are expected to jump up during the upcoming festive season. It got listed on the LSE’s AIM in 2007. The current market cap of the company stands at £42.86 million as of 10 December 2021. Inland Homes PLC’s shares were trading at GBX 23.00 at 1:39 PM (GMT) on 10 December 2021.

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