December 2024’s Top Penny Stocks On The UK Exchange

The United Kingdom’s stock market has recently faced challenges, with the FTSE 100 index experiencing declines due to weak trade data from China, highlighting global economic interconnectedness. Despite these broader market trends, investors may find opportunities in penny stocks—typically smaller or newer companies—that can offer unique value propositions. While the term “penny stocks” might seem outdated, these investments remain relevant for those seeking potential growth and financial resilience amidst fluctuating market conditions.

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

Let’s uncover some gems from our specialized screener.

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

Overview: CMO Group PLC operates as an online retailer of building materials and supplies in the United Kingdom, with a market capitalization of £10.26 million.

Operations: The company generates revenue of £64.95 million from its retail operations in construction materials.

Market Cap: £10.26M

CMO Group PLC, with a market cap of £10.26 million, operates in the online retail space for building materials and faces financial challenges as it remains unprofitable with increasing losses over the past five years. Despite an experienced management team and board, its short-term assets (£9.8M) fall short of covering short-term liabilities (£16M), although they exceed long-term liabilities (£5.4M). The company has seen a decline in revenue expectations for 2024 to £62-63 million from £71.5 million in 2023, highlighting ongoing operational hurdles despite trading significantly below estimated fair value and having sufficient cash runway for over a year based on current free cash flow.

• Dive into the specifics of CMO Group here with our thorough balance sheet health report.

• Gain insights into CMO Group’s outlook and expected performance with our report on the company’s earnings estimates.

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

Overview: Pressure Technologies plc, with a market cap of £13.73 million, designs, manufactures, and sells high pressure systems for sectors including oil and gas, defense, industrial gases, and hydrogen energy across various international markets.