3 UK Penny Stocks With Market Caps Over £7M To Consider

The UK market has recently faced challenges, with the FTSE 100 index experiencing declines due to weak trade data from China and global economic uncertainties. In such a climate, investors might find value in exploring penny stocks, which despite their vintage name, continue to offer intriguing opportunities. These stocks often represent smaller or newer companies that can provide growth potential at lower price points when backed by strong financial fundamentals.

Top 10 Penny Stocks In The United Kingdom

Name	Share Price	Market Cap	Financial Health Rating
ME Group International (LSE:MEGP)	£2.15	£810.04M	★★★★★★
Next 15 Group (AIM:NFG)	£3.895	£387.38M	★★★★☆☆
Solid State (AIM:SOLI)	£1.175	£67.03M	★★★★★★
Serabi Gold (AIM:SRB)	£0.90	£68.16M	★★★★★★
Supreme (AIM:SUP)	£1.64	£191.24M	★★★★★★
Ultimate Products (LSE:ULTP)	£1.225	£104.55M	★★★★★★
Luceco (LSE:LUCE)	£1.27	£195.87M	★★★★★☆
Stelrad Group (LSE:SRAD)	£1.405	£178.93M	★★★★★☆
Tristel (AIM:TSTL)	£4.40	£209.66M	★★★★★★
Impax Asset Management Group (AIM:IPX)	£3.27	£418.44M	★★★★★★

Click here to see the full list of 461 stocks from our UK Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

XLMedia (AIM:XLM)

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

Overview: XLMedia PLC is a digital media company that produces content to link audiences with advertisers in North America and Europe, with a market cap of £31.24 million.

Operations: The company's revenue is primarily derived from its Publishing segment, which generated $43.76 million.

Market Cap: £31.24M

XLMedia PLC, with a market cap of £31.24 million, faces challenges as its revenue fell to US$10.36 million for H1 2024 from US$16.93 million a year ago, resulting in an increased net loss of US$8.56 million. Despite being debt-free and having short-term assets exceeding both short and long-term liabilities, the company remains unprofitable with negative return on equity and declining earnings over five years at 4.6% annually. The stock's volatility has decreased but is still higher than most UK stocks, while its experienced board and management team provide some stability amidst financial struggles.

• Navigate through the intricacies of XLMedia with our comprehensive balance sheet health report here.
• Understand XLMedia's track record by examining our performance history report.

Harmony Energy Income Trust (LSE:HEIT)

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

Overview: Harmony Energy Income Trust Plc is an investment company that focuses on commercial-scale battery energy storage and renewable energy generation projects in the United Kingdom, with a market cap of £117.43 million.

Operations: The company reports revenue from "Unclassified Services" amounting to -£26.29 million.

Market Cap: £117.43M

Harmony Energy Income Trust Plc, with a market cap of £117.43 million, is pre-revenue and currently unprofitable. The company is debt-free and has short-term assets (£14.9M) exceeding its liabilities (£449.8K). Despite stable weekly volatility at 4%, it faces challenges in the saturated market for ancillary services impacting revenues for battery energy storage systems (BESS). Recent efforts to divest assets have shown strong interest from potential buyers, although no sales are confirmed yet. The company's net asset value slightly decreased to £215.43 million due to negative mark-to-market valuation impacts, despite operational progress in new projects like Rusholme in Yorkshire.

• Click to explore a detailed breakdown of our findings in Harmony Energy Income Trust's financial health report.
• Gain insights into Harmony Energy Income Trust's future direction by reviewing our growth report.

Walker Crips Group (LSE:WCW)

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

Overview: Walker Crips Group plc provides financial products and services to private and professional clients in the United Kingdom, with a market cap of £7.66 million.

Operations: The company's revenue is primarily generated from Investment Management (£29.11 million), with additional contributions from Financial Planning & Wealth Management (£2.45 million) and Software as a Service (SaaS) (£0.02 million).

Market Cap: £7.66M

Walker Crips Group plc, with a market cap of £7.66 million, is primarily driven by its Investment Management division (£29.11 million revenue). Despite being debt-free and having short-term assets (£46.3M) that exceed both short-term (£33.6M) and long-term liabilities (£2.4M), the company faces challenges with declining earnings over the past five years and negative growth in the last year (-12%). The board's extensive experience (25.8 years average tenure) provides stability, but profitability is impacted by large one-off losses (£804K). Recently, a final dividend of 0.25 pence per share was declared for March 2024 year-end results.

• Jump into the full analysis health report here for a deeper understanding of Walker Crips Group.
• Explore historical data to track Walker Crips Group's performance over time in our past results report.

Summing It All Up

• Access the full spectrum of 461 UK Penny Stocks by clicking on this link.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Contemplating Other Strategies?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Jump on the AI train with fast growing tech companies forging a new era of innovation.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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