Keras Resources Leads Our Top 3 UK Penny Stocks

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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 interconnections. Despite such broader market fluctuations, investors often look to penny stocks for potential growth opportunities in smaller or newer companies. While the term "penny stocks" might seem outdated, these investments remain relevant as they can offer value when backed by strong financial health and a clear growth trajectory.

Top 10 Penny Stocks In The United Kingdom

Name

Share Price

Market Cap

Financial Health Rating

ME Group International (LSE:MEGP)

£2.25

£847.72M

★★★★★★

Supreme (AIM:SUP)

£1.63

£190.08M

★★★★★★

Next 15 Group (AIM:NFG)

£3.75

£372.96M

★★★★☆☆

Serabi Gold (AIM:SRB)

£0.86

£65.13M

★★★★★★

FRP Advisory Group (AIM:FRP)

£1.445

£354.36M

★★★★★★

Ultimate Products (LSE:ULTP)

£1.195

£102.01M

★★★★★★

Stelrad Group (LSE:SRAD)

£1.44

£183.39M

★★★★★☆

Luceco (LSE:LUCE)

£1.33

£205.12M

★★★★★☆

Castings (LSE:CGS)

£2.78

£120.81M

★★★★★★

Central Asia Metals (AIM:CAML)

£1.628

£283.23M

★★★★★★

Click here to see the full list of 468 stocks from our UK Penny Stocks screener.

We'll examine a selection from our screener results.

Keras Resources

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

Overview: Keras Resources Plc is a mineral resource company focused on the exploration, evaluation, and development of mineral properties in West Africa, the United States, and internationally, with a market cap of £2.16 million.

Operations: The company's revenue is primarily generated from its phosphate segment, amounting to £1.08 million.

Market Cap: £2.16M

Keras Resources has a market cap of £2.16 million and focuses on mineral properties, primarily generating revenue from its phosphate segment, with sales reaching £0.556 million for the half year ending June 2024. Despite being pre-revenue overall, Keras has reduced losses by 5.5% annually over five years but remains unprofitable with a negative return on equity of -21.13%. The company completed a follow-on equity offering to raise additional capital and continues operations at its Diamond Creek mine and Delta Facility in Utah, which is now operating at full capacity to enhance production efficiency and product quality.

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

Power Metal Resources

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

Overview: Power Metal Resources plc, with a market cap of £14.73 million, is involved in the exploration and exploitation of mineral resources across Africa, Australia, Canada, and the United States.