Would I buy these 2 high-performing penny stocks for 2022? - The Motley Fool UK

3 min read
These penny stocks made great gains over the past year, but their progress is losing steam. Are they still buys for Manika Premsingh?
The pandemic held economic activity back in 2020 and even for much of 2021. During this time, many stocks struggled. But some stocks were able to acquire significant momentum. This made them stand out as ones to at least watch, if not buy. These two penny stocks are exactly this kind. Both of them have run into some challenges recently though. This makes me want to reassess whether I would buy them or not for 2022.

DX Group: trading suspension on the horizon

The first of them is DX Group (LSE: DX). It provides mail and parcel delivery services in the UK and Ireland. The company's share price has seen an unbelievable 37% drop in share price in today's trading so far. It is now at the lowest levels seen in a year. It had reached multi-year highs earlier this year. But all the progress has completely been wiped out now.

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