Many great penny stocks have slumped in value as concerns over the economic recovery have risen. I think this gives eagle-eyed UK share investors a chance to nip in and grab a bargain or two.
Here are some top dirt-cheap stocks that are on my radar following recent price weakness.
Strong trading has brought Arabian Food Industries Company Domty (LSE: DOMT) into my crosshairs. This London-quoted share supplies a broad range of cheeses in the Egyptian food market under the Domty brand. And sales here have been going much stronger than anticipated (turnover jumped 32% year-on-year in the third quarter).
I’m confident Domty could experience strong and sustained sales growth too. Certainly as population levels in Egypt rise strongly and personal wealth levels increase. The country’s population grew almost 2% in 2020, for instance, World Bank statistics show. Despite the threat of rising raw material prices, I think … Read more