3 UK Penny Stocks To Consider In December 2024

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The UK stock market has recently faced challenges, with the FTSE 100 and FTSE 250 indices experiencing declines amid weak trade data from China, highlighting global economic interdependencies. Despite these broader market pressures, there remain opportunities for investors willing to explore smaller or newer companies often categorized as penny stocks. While the term "penny stocks" may seem outdated, these investments can still offer significant growth potential when backed by strong financial health and sound fundamentals.

Top 10 Penny Stocks In The United Kingdom

Name

Share Price

Market Cap

Financial Health Rating

Begbies Traynor Group (AIM:BEG)

£0.98

£154.59M

★★★★★★

ME Group International (LSE:MEGP)

£2.135

£804.39M

★★★★★★

Secure Trust Bank (LSE:STB)

£3.56

£67.89M

★★★★☆☆

Ultimate Products (LSE:ULTP)

£1.19

£101.67M

★★★★★★

Tristel (AIM:TSTL)

£3.90

£186M

★★★★★★

Luceco (LSE:LUCE)

£1.288

£198.65M

★★★★★☆

Stelrad Group (LSE:SRAD)

£1.40

£178.29M

★★★★★☆

Next 15 Group (AIM:NFG)

£4.27

£424.68M

★★★★☆☆

Integrated Diagnostics Holdings (LSE:IDHC)

$0.455

$264.5M

★★★★★★

Impax Asset Management Group (AIM:IPX)

£2.52

£321.99M

★★★★★★

Click here to see the full list of 469 stocks from our UK Penny Stocks screener.

We'll examine a selection from our screener results.

Kazera Global

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Kazera Global plc is a mining investment company operating in the United Kingdom and South Africa, with a market cap of £14.94 million.

Operations: Kazera Global plc does not currently report any revenue segments.

Market Cap: £14.94M

Kazera Global plc, with a market cap of £14.94 million, is currently pre-revenue, reporting only £6K in sales for the year ended June 30, 2024. The company remains unprofitable with an increased net loss of £2.82 million compared to the previous year's net income of £6.71 million. Despite being debt-free and having short-term assets (£6.3M) that exceed its liabilities (£232K), Kazera faces challenges due to shareholder dilution and a volatile share price. With less than one year of cash runway and no significant revenue streams, financial stability remains a concern for investors in this penny stock.

AIM:KZG Financial Position Analysis as at Dec 2024
AIM:KZG Financial Position Analysis as at Dec 2024

Cadogan Energy Solutions

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Cadogan Energy Solutions PLC, with a market cap of £10.38 million, operates in Ukraine focusing on the exploration, development, and production of natural gas, oil, and condensate.