Business & Investment

Top Penny shares to buy at ISA in April

I’m looking for a top penny stock to buy for myself Stocks and stocks ISA Before the deadline of April 5th. Penny shares are UK shares and can be purchased for less than £ 1 per share. The problem with buying such stocks is that their low prices are prone to extreme price fluctuations.

However, this can generate indirect benefits that eagle-eyed investors can attack. This means that many high-quality stocks have been overlooked in the market, giving investigators the opportunity to get one or two bargains.

Let’s talk about the attractive Penny stock that we are considering buying in April of this year following the recent price decline.

Is gold set to rebound?

Major global equity markets may be trading higher than in early 2021. However, investors’ nerves are still frayed as the Covid-19 crisis could explode again at any time. The third wave of outbreaks across Europe, followed by the reintroduction of strict restrictions in the region, is being closely monitored by market makers.

This explains why gold prices continued to trade in a narrow range during March. Indeed, yellow metal prices could fall by about $ 300 from a record peak last summer. But I believe that investor demand for safe assets like gold could eventually surge again.

In fact, low interest rates can continue for a long time, and there are many reasons to expect bullion prices to skyrocket soon, as large-scale money printing exercises continue to stimulate the global economy. think.

24 carat penny stock

New price spikes will fall into the hands of Penny stocks Sol Gold (LSE: SOLG).. This UK share is looking primarily for glossy Ecuadorian Andean copper strips, but also has operations in Australia and the Solomon Islands.

Therefore, it is in the best position to profit from the new rise in gold prices.The Andean Cascabel layer One of the biggest Undeveloped gold resources on earth. And Penny’s Solgold Alpara asset puts a slap van on it.

However, there is no guarantee that gold prices will rise again. Rising risk appetite and rising bond yields can pay off. In addition to this, the commodity exploration business is risky and costly. This means that operators like Solgold can quickly fall into a large economic hole.

That said, I think Solgold shares are still worth paying attention to at their current prices. UK mining stocks have almost halved in less than six months and have recently traded around 22p. Ongoing excavation work The core Ecuadorian project continues to produce promising results. And, again, there is a very good reason to expect gold prices to rise over time.

Solgold is a 1-penny stock that you want to buy at Stocks and Shares ISA in April this year.

Top share with great growth potential

Knowledgeable investors like you will not want to miss this timely opportunity …

This is your chance to discover exactly why Motley Fool UK analysts were so excited about this “pure” online business (despite the pandemic!).

Not only does this company enjoy a dominant position in the market …

However, its light capital and highly scalable business model previously helped make that happen. Consistently high sales, Astonishing margin of nearly 70%,and Rise Shareholder Returns … In fact, in 2019, we returned more than £ 150 million to shareholders through dividends and repurchases.

And this is the really exciting part …

COVID-19 may have thrown a curve ball at the company, but management is quick to ensure that the business is properly positioned to survive the current period of uncertainty. In fact, our analysts believe it should come back to life, as soon as normal economic activity resumes.

That’s why, given that stocks appear to be trading in fairly demanding valuations for the year to March 2021, now is the perfect time to start building your own stock in this exceptional business. We think it’s time.

Click here to request a copy of this special report now. We will inform you of the name of this top growth share for free.

Royston Wild There are no positions in any of the listed shares. Motley Fool UK does not have a position in any of the listed shares. The views expressed about the companies mentioned in this article are those of the author and may differ from the official recommendations made by subscription services such as Share Advisor, Hidden Winners, and Pro. Here at The Motley Fool, by examining different insights, Better investors than us.

Top Penny shares to buy at ISA in April Top Penny shares to buy at ISA in April

Back to top button