5 best penny stocks UK to Buy for Q4 2024
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Our team of British stock market experts have researched the UK penny stock market to find the next big thing on the London Stock Exchange. Use this guide to find out which penny stocks UK are set for big gains in 2024.
What are the top penny stocks UK to buy?
Copy link to section| # | Stock symbol | Company name | Trade now |
|---|---|---|---|
| 1 | HE1 | Helium One | Trade HE1 Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
| 2 | BIDS | Bidstack | Trade BIDS Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
| 3 | PREM | Premier African Minerals | Trade PREM Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
| 4 | BOIL | Baron Oil | Trade BOIL Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
| 5 | ARB | Argo Blockchain | Trade ARB Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
1. Helium One (LON: HE1)
Copy link to sectionHelium One is a UK-based company that specialises in helium exploration and production. Since 2017, it has been focused on Tanzania’s vast helium reserves to become a major global supplier. Since its listing on the stock exchange, Helium One has already carried out explorational drilling.
The company’s drilling campaigns have been successful, with positive results indicating the presence of significant helium resources. Helium One benefits from an experienced management team and strong industry partnerships, positioning it for growth and success.
You may want to consider Helium One for its unique market position and the potential for long-term appreciation. With the increasing scarcity of helium worldwide, it is well placed for exponential growth if it can extract it. It’s important to remember that, as with any exploration company, its share price will likely plummet if it’s unsuccessful in drilling.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. Bidstack (LON: BIDS)
Copy link to sectionBidstack operates in the gaming industry and uses proprietary technology to offer in-game advertising solutions. Its biggest service allows advertisers to integrate ads into video games seamlessly.
Operating since 2015, the company has already partnered with major players in the gaming industry, including game developers and publishers making it a credible and influential player in the gaming market. In addition to advertising solutions, the company uses data-driven targeting and real-time analytics to provide insights for advertisers.
Bidstak is one of the best UK penny stocks for investors wanting access to the growing gaming industry. Its unique position in the digital advertising sector, its focus on gaming, and its increasing number of partners put it in a good position for long-term success, with less risk than other penny stocks.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3. Premier African Minerals (LON: PREM)
Copy link to sectionPremier African Minerals explores and develops mineral resources and has been in operation since 2006. As its name suggests, it focuses on projects in Africa, specifically Zimbabwe, including lithium, tungsten, and gold exploration.
The company holds a diverse portfolio of projects like the RHA Tungsten Mine and Zulu Lithium Project. These projects have significant potential, attracting investors and industry experts. Premier African Minerals has advanced projects through exploration and resource evaluation in the past, unlocking their full value.
PREM’s focus on strategic projects in Zimbabwe and previous success puts it in a good position for future growth. Investing in it offers exposure to the potential benefits of developing economically significant mineral deposits as global demand for critical minerals increases. Like Helium One above, PREM can be volatile and its performance is tied to its success or failures when mining.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
4. Baron Oil (LON: BOIL)
Copy link to sectionBaron Oil is an energy company specialising in exploring and producing oil and gas. It has been operating since 2004 and has an established presence in regions like Timor-Leste and the UK Continental Shelf (UKCS).
It has two ongoing projects, the first being the Timor-Leste TL-SO-19-16 PSC (Production Sharing Contract). This offshore project holds large potential for oil and gas exploration, making it a top investment opportunity for the business. Baron Oil actively explores and develops the resources in this area, leveraging its expertise and partnerships to maximise value.
Its second project is the UKCS P2478 Inner Moray Firth project. Situated in the North Sea, this offshore oil exploration project has significant interest and support from the industry. Baron Oil is another exploration company, however unlike others, it’s been operating for a long time and has already proven it can deliver, which makes it one of the best penny stocks UK to buy in 2024
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
5. Argo Blockchain (LON: ARB)
Copy link to sectionThe final spot on our best penny stock UK list goes to Argo Blockchain. It’s a company that focuses on cryptocurrency mining operations, specifically Bitcoin. It uses the latest technology and has a large mining operation based in Texas.
The company is a key player in the cryptocurrency mining industry. With advanced mining equipment and efficient technology, it can mine digital currencies at a lower cost, leading to higher profitability. Argo Blockchain is expanding its mining capacity and acquiring new equipment, positioning itself for potential revenue growth.
Its stock price correlates with Bitcoin, making it a good choice for gaining exposure to the cryptocurrency market. Its share price performed very well in 2021 when the price of BTC surged; however, since then, its fallen, which could provide a good buying opportunity for astute investors.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Where to buy the best penny stocks UK
Copy link to sectionTo buy penny stocks in the United Kingdom you need to use a specific type of trading platform that lets you purchase microcap stocks. You can use any platform below to trade penny stocks in the UK. These brokers are perfectly suitable for beginners and experienced investors to start trading penny stocks.
We found 14 online brokers for users based in
Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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What is a UK penny stock?
Copy link to sectionIt’s a publicly traded company on the UK stock market with a low price, usually less than £1 per share. Penny stocks are usually small companies that are unpredictable and speculative investments. In the UK, there is a range of penny stocks from various industries, although many come from the mining or exploration sector.
Trading penny stocks (penny shares) is inherently speculative. They aren’t safe blue chip companies, rather many of these companies aren’t available on a major stock exchange, instead trading on the AIM or a smaller stock market in the United Kingdom. As a result, they are higher risk stocks and the reality is that many of them will fail.
Are penny stocks UK a good investment?
Copy link to sectionThe best UK penny stocks can be a good investment; however, you need to weigh the risks before starting. On the one hand, they are available for very low share prices and offer the potential for substantial growth due to that. Even small price increases on a penny share can result in significant returns for UK investors.
On the flip side, penny stocks are risky endeavours and you should only invest a small portion of your portfolio. Smaller or newer companies are more volatile. For many, success is usually determined by the outcome of a specific campaign, such as drilling or mining, and there may not be strong fundamentals or any history of past performance.
Due to the high volatility in UK penny stocks, staying updated with the latest news and market analysis is important. Use any of the links below for the most current news for penny stocks in the UK. You’ll also need a specific type of broker to buy these types of penny shares, and you can find the best platforms by clicking the blue button.
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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.