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Promising UK Penny Stocks To Watch In November 2024

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The UK market has recently faced challenges, with the FTSE 100 index experiencing declines due to weak trade data from China, highlighting global economic interdependencies. In such times, investors might consider exploring opportunities beyond the established giants by looking into penny stocks. Although the term "penny stocks" may seem outdated, these smaller or newer companies can still offer valuable investment opportunities when they possess strong financials and growth potential.

Top 10 Penny Stocks In The United Kingdom

Name

Share Price

Market Cap

Financial Health Rating

ME Group International (LSE:MEGP)

£2.15

£810.04M

★★★★★★

Next 15 Group (AIM:NFG)

£3.895

£387.38M

★★★★☆☆

Solid State (AIM:SOLI)

£1.175

£67.03M

★★★★★★

Serabi Gold (AIM:SRB)

£0.90

£68.16M

★★★★★★

Supreme (AIM:SUP)

£1.64

£191.24M

★★★★★★

Ultimate Products (LSE:ULTP)

£1.225

£104.55M

★★★★★★

Luceco (LSE:LUCE)

£1.27

£195.87M

★★★★★☆

Stelrad Group (LSE:SRAD)

£1.405

£178.93M

★★★★★☆

Tristel (AIM:TSTL)

£4.40

£209.66M

★★★★★★

Impax Asset Management Group (AIM:IPX)

£3.27

£418.44M

★★★★★★

Click here to see the full list of 461 stocks from our UK Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

ActiveOps

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

Overview: ActiveOps Plc provides hosted operations management software as a service to various industries across Europe, the Middle East, India, Africa, North America, and Asia Pacific with a market cap of £80.28 million.

Operations: ActiveOps Plc has not reported any specific revenue segments.

Market Cap: £80.28M

ActiveOps Plc, with a market cap of £80.28 million, has shown significant earnings growth over the past year, reporting a net income of £0.37 million compared to a net loss previously. The company is debt-free and boasts high-quality earnings with stable weekly volatility at 5%. Its short-term assets exceed both short- and long-term liabilities, indicating strong liquidity management. Despite its recent profitability and improved profit margins from 0.4% to 4.7%, analysts forecast an average annual decline in earnings by 19.8% over the next three years, suggesting caution for potential investors in this volatile segment.

AIM:AOM Debt to Equity History and Analysis as at Nov 2024
AIM:AOM Debt to Equity History and Analysis as at Nov 2024

Intelligent Ultrasound Group

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

Overview: Intelligent Ultrasound Group plc develops, markets, and distributes medical training simulators in the UK, North America, and internationally with a market cap of £38.44 million.