What are the best penny stocks for UK traders and investors to watch?
Want to know more about penny shares? We highlight ten UK-listed small-cap stocks that have seen significant recent momentum.
What is a penny stock?
A penny stock is typically defined in the UK as a company trading below £1 per share, usually with a market capitalisation under £100 million. These companies are often in earlier stages of development, may have limited revenue, and are generally considered higher risk.
Because they are smaller and less established, penny stocks can experience sharp price swings. While this volatility creates opportunity, it also increases risk. Many are growth-focused businesses reliant on future project development, funding rounds or commodity prices.
.png/jcr:content/renditions/rendition-1200.webp)
Open an account to start trading penny stocks
Best UK penny stocks to watch
The following stocks have delivered notable 13-week gains. That performance alone does not guarantee future returns, and these shares remain speculative. This list is not financial advice.
Company |
Ticker |
Share price (£) |
13-week change |
Market cap (£) |
| MobilityOne Ltd | MBO.L | 5.50p | 478.9% | £5.8m |
| Harland & Wolff (Hardide PLC)* | HDD.L | 24.00p | 242.9% | £18.9m |
| TPXimpact Holdings | TPXT.L | 40.50p | 165.6% | £38.6m |
| Strategic Minerals | SMLP.L | 3.40p | 126.7% | £91.3m |
| Richmond Hill Resources | RHR.L | 7.20p | 125.0% | £19.4m |
| Provexis | PXSP.L | 1.43p | 123.5% | £33.4m |
| Anglesey Mining | AYM.L | 5.25p | 123.4% | £2.5m |
| Sancus Lending Group | LEND.L | 0.80p | 100.0% | £8.7m |
| Westmount Energy | WNRG.L | 4.75p | 97.9% | £6.8m |
|
*Data collected on 20 November 2025 |
Remember past performance is no indicator of future returns
Galantas Gold Corp
Galantas Gold is a precious metals producer focused on gold projects, particularly in Northern Ireland. The sharp rise in its share price reflects renewed investor interest in gold amid volatile markets and safe-haven demand. As a small-cap miner, performance is closely tied to gold prices and operational developments.
Galantas Gold Corp weekly candlestick chart
MobilityOne Ltd
MobilityOne operates in electronic payments and fintech services, primarily in Southeast Asia. With a small market cap, the stock can be highly sensitive to contract announcements and trading updates. Strong momentum suggests increased speculative interest in digital payments exposure.
Hardide PLC
Hardide specialises in advanced surface coating technology used in engineering and industrial applications. The company operates in niche industrial markets, meaning contract wins or sector tailwinds can have an outsized impact on valuation.
TPXimpact Holdings
TPXimpact is a digital transformation consultancy supporting public and private sector clients. As government and enterprise demand for digital services continues, smaller technology consultants can see strong revenue momentum, though earnings visibility can fluctuate.
TPXimpact Holdings weekly candlestick chart
Strategic Minerals
Strategic Minerals focuses on mineral development projects across multiple jurisdictions. With exposure to critical minerals themes, it benefits from investor interest in supply chain security and electrification trends.
Strategic Minerals weekly candlestick chart
Richmond Hill Resources
Richmond Hill Resources is a junior exploration company targeting mineral development opportunities. Like many early-stage resource firms, its valuation can move sharply on drilling updates and commodity sentiment.
Provexis
Provexis is a life sciences company developing nutritional supplements and medical products. Biotech and health innovation penny stocks often react strongly to regulatory, clinical or commercial progress.
Provexis weekly candlestick chart
Anglesey Mining
Anglesey Mining is a junior mining company with projects focused on base metals. Demand for industrial metals tied to infrastructure and electrification themes can drive investor interest, though project execution risk remains significant.
Anglesey Mining weekly candlestick chart
Sancus Lending Group
Sancus Lending Group provides alternative lending solutions, including property-backed loans. Smaller financial firms can see rapid share price changes based on funding arrangements, loan performance and broader credit conditions.
Sancus Lending Group weekly candlestick chart
Westmount Energy
Westmount Energy invests in oil and gas exploration ventures. Its performance is closely tied to energy prices and drilling results. Small-cap energy explorers tend to be highly volatile and sensitive to commodity cycles.
Westmount Energy weekly candlestick chart
How to trade or invest in penny stocks
- Learn more about penny stocks
- Choose whether you want to trade or invest
- Open an account
- 4. Search for your chosen stock
- Place your trade or investment
- Monitor your position
Investing involves buying shares outright and holding for potential long-term appreciation.
Trading uses leveraged products such as CFDs or spread bets, allowing you to speculate on price movements without owning the shares. Leverage amplifies both gains and losses.
| Trading penny stocks | Investing in penny stocks |
|---|---|
| Speculate on the price of penny stocks rising or falling | Buy and sell underlying penny stocks |
| Leverage your exposure – you’ll only pay a 20-25% deposit to get exposure to the full position size2 | Pay the full value of the shares you buy upfront |
| Leverage means both profit and loss will still be magnified to value of the full trade – so you could gain or lose money faster than you’d expect | You may get back less than you put in because the value of shares can rise or fall |
| Trade tax-free with spread bets and offset losses with CFDs3 | Invest tax-free with a stocks and shares ISA3 |
| Take shorter-term positions | Focus on longer-term growth |
| You can look to hedge your portfolio when trading | Build a diversified portfolio |
| Trade without owning the underlying asset | Take ownership of the underlying asset |
| No shareholder privileges | Gain voting rights and dividends (if paid) |
| Trade via both a spread betting account and CFD account | Invest via a share dealing account |
Note that leverage will amplify both your profits and your losses, and you could lose more than your deposit. Manage your risk carefully.
Risks and rewards of penny stocks
- Share prices can be extremely volatile
- Liquidity is often lower than in larger companies
- Many businesses are early-stage and pre-profit
- Equity raises are common and can dilute shareholders
- News flow can dramatically impact valuation
However, penny stocks can also deliver outsized returns if business models succeed or sector themes strengthen.
As always, careful research and risk management are essential.
Footnotes
1 As at 5 October 2022
2 Trade in your share dealing account three or more times in the previous month to qualify for our best commission rates. Please note published rates are valid up to £25,000 notional value. See our full list of share dealing charges and fees.
3 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Explore the markets with our free course
Learn how shares work – and discover the wide range of markets you can spread bet on – with IG Academy's free ’introducing the financial markets’ course.
Put learning into action
Try out what you’ve learned in this shares strategy article risk-free in your demo account.
Ready to trade shares?
Put the lessons in this article to use in a live account – upgrading is quick and easy.
- Trade on over 12,000+ popular global stocks
- Protect your capital with risk management tools
- React to breaking news with out-of-hours trading on 70 key US stocks
Inspired to trade?
Put your new knowledge into practice. Log in to your account now.
