Penny Stocks to Watch in 2024
Hummingbird Resources starting to dig itself out of a hole
LST’s strong half-year results drive share price up
Filtronic soars: revenue up 55% as profits explode
EnSilica, a tiny chip designer gearing-up for big growth
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What are Penny Stocks?
Despite their reputation for high risk, penny stocks are a popular choice for investors seeking excellent returns from their portfolio.
Penny stocks, those tiny securities trading at a fraction of a dollar, often carry the label of high risk and potential losses. Yet, for seasoned investors seeking outsized returns, penny stocks remain an exciting investment avenue. These low-priced stocks, typically under £1 per share in the UK or $5 in the US, are issued by small companies with a market capitalization of less than $100 million.
Price volatility
Their price volatility is significantly higher than larger, more established stocks, meaning there’s both the prospect of substantial gains and the risk of substantial losses. The draw of penny stocks stems from their potential for exponential growth. A small investment in a stock that experiences a meteoric rise can result in a significant windfall. However, this volatility also works in reverse, making stocks susceptible to sudden crashes.
High-risk, high-reward
Navigating the treacherous waters of penny stocks requires careful research, astute risk assessment, and a willingness (and ability) to accept potential losses. Investors seeking to tap into this high-risk, high-reward market should ensure they do their research, understanding the company’s financials, industry prospects, and potential catalysts for growth.
Overall, Penny Stocks can be an attractive option for investors seeking exposure to smaller companies and potential high-growth opportunities, but before investing it’s important to conduct thorough research and understand the risks involved. Consider getting advice from a reputable and regulated financial adviser.
More Penny Stocks to Watch
Powerhouse motors through the gears with Bridgend project
Quadrise on the move with positive news
Michelmersh building sustainable returns one brick at a time
Andrada progressing well with its substantial lithium deposit
Ocean Harvest Technology trials show promise
Bakkavor eyes 2024 profit growth despite subdued volumes
From battlefield to broadband: Filtronic targets next-gen defence and space contracts
Alumasc: having weathered the storm is it now time to shine?
Ilika moving forward on two fronts with micro- and automotive battery progress
Griffin Mining has “spectacular” year from Caijiaying Mine in China
Elixirr share price up almost 200% since its IPO in 2020
CML Microsystems eyes growth in high-frequency and DRM markets
Synectics shares surge 18% after trading update
Record building value for shareholders in a specialist niche
Bank of Georgia continues strong performance on back of stable economic growth
Ceres Power set for a make-or-break year as it looks to China
hVivo: Demand for Phase Two trials is driving growth
Gooch & Housego trading ahead of expectations with scope to grow
Cohort expects strong demand to continue in a growing market
