4 exciting penny stocks for investors in 2023!

I’ve been looking for the best penny stocks to buy in the New Year. This is a quartet that can generate returns for investors.

Accrol Group Holdings

Manufacturer of tissue products Akrol providing discount stores and supermarkets that sell products under their own brands. This could be an ideal stock to buy as the cost of living crisis persists.

People are turning down more expensive brand name network products to save money. Accrol’s revenue rose 64% in the three months to October. And the market share by volume increased by two percentage points to 21.5%.

Penny stocks may be your top long-term pick. The value segment has grown rapidly in recent years as consumers become more money-savvy.

I’ll buy Accrol even though rising paper costs could hurt profit growth.

Michelmersh Brick Holdings

Supplier of construction products Michelmersh will be well-placed to ride Britain’s next housebuilding boom.

England suffers from a housing shortage. At the same time, the population continues to grow rapidly. So the creation of residential property should increase significantly over the next decade. London alone needs up to 100,000 new homes a year, new research suggests.

Michelmersh remains committed to expanding its position in this exciting market through acquisitions. Last month, it bought pre-built brick products specialist Fabspeed for £6.25m.

Profits in the brickmaker may suffer if energy prices remain elevated however.

Berkeley Energy

Demand for nuclear power will increase as the world transitions away from fossil fuels. The International Atomic Energy Agency estimates that nuclear could account for 14% of global electricity by 2050, up from 10% today.

Uranium rich producers Berkeley Energy can be in the box seat to exploit this growth. This particular penny stock operates Spain’s Salamanca project, a resource capable of producing 4.4m tonnes of radioactive material per year.

But miners face huge obstacles to serious profit growth. A year ago, the Spanish government rejected the company’s plan to build a uranium concentrate plant on the site.

Berkeley took steps to reverse that decision. So I’ll be watching developments over the next month with a view to opening a stock position.

Gensource Potash

The world’s population is increasing at an incredible rate. According to the UN there will be 9.7 billion people in 2050. That’s a lot of mouths to feed, which means the demand for fertilizers will also skyrocket in the next decade.

This bodes well for Gensource Potash, a Penny stock that developed the Taskske project in Canada. It has an off-the-shelf agreement with German chemical giant (and investor) Helm to supply 100% of its final production.

Gensource and its investment partners certainly have a bullish view of the potash market. In June, he announced plans to increase output capacity at Tugaske to 500,000 tons per year. Rising fertilizer prices and limited market supply are cited as reasons for the decision.

Be aware that project development issues could cause Gensource’s stock price to decline.