Penny stocks are cheap, less than £1 in the UK or $5 in the US. They are highly volatile, which means they are likely to bring investors great gains, or loss.

It’s important to note that this article is not a financial suggestion or recommendation. You need to consider your own goals, risk tolerance, time horizons and financial circumstances before making any decision.

Where are penny stocks traded in the UK?

UK penny stocks and shares are typically traded on the Alternative Investment Market (AIM), which is a subsidiary market of the London Stock Exchange (LSE).

AIM is designed for smaller and growing companies, including those with lower market capitalizations that are often referred to as penny shares or penny stocks.

List of the best penny stocks and shares in the UK

The data is taken from Tradingview as of Sep 11, 2024.

1. NEO ENERGY METALS PLC

• Monthly gain:85%
• Previous close price:33 GBX

Neo Energy Metals Plc is a mining and exploration company primarily focused on Uranium and Strategic Metals supply.

2. SEALAND CAPITAL GALAXY LTD

• Monthly gain:50%
• Previous close price:22 GBX

Sealand Capital Galaxy Limited is involved in investments and acquisitions within the digital and information technology (IT) industries.

3. MOBILE STREAMS PLC

• Monthly gain:45%
• Previous close price:10 GBX

Mobile Streams PLC is a digital sports content provider. It also offers the latest news and insights to sports fans across the globe on its fans platform.

4. AMIGO HOLDINGS PLC

• Monthly gain:79%
• Previous close price:47 GBX

Amigo Holdings PLC is authorized and regulated by the Financial Conduct Authority to offer guarantor loans.

5. KAZERA GLOBAL PLC

• Monthly gain:64%
• Previous close price: 13 GBX

Kazera Global PLC is an investment company focusing principally in the resources and energy sectors.