10 hottest ASX Retail stocks costing less than a dollar

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  • Michael Hill International reported an increase in same store sales by 16.4% in Q3 FY21.
  • Pure Foods Tasmania aims to establish a strong foothold by focusing on synergistic and similar premium food/beverage businesses.
  • Nuchev is an Australia-based food company, having a dedicated focus on developing and selling a wide range of premium Australia-made goat nutritional products.

A penny stock refers to a stock of a small- of micro-cap company. More quantitively, these shares generally trade at less than a dollar value, however, some also consider them penny stock up to the value of $4-$5.

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Recently, retail stocks have gained a lot of traction, especially in the penny stock space. Due to the small market capitalisation, these stocks tend to move quite rapidly, which lures a lot of high-risk appetite investors. These stocks are capable of making erratic moves in either direction, therefore, investors must take ample risk control measures apart from analysing them with proper due diligence.

  1. Zebit Limited (ASX:ZBT)

Zebit is a US eCommerce company, which is aiming to change the lives of credit-challenged consumers by giving them access to a broad set of products and the ability to pay for those products in instalments.

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In the recent quarterly report for the period ended 31 March 2021, the company garnered a revenue of US$26.9 million, up 48.8% or US$8.8 million vs Q1 FY20.

  1. Australian Vintage Limited (ASX:AVG)

Australian Vintage is an Australian wine company which is primarily in the business of vineyard & boutique management, wine production, wine marketing, wine packaging and wine distribution.

The company produces wines for both Australian and international wine consumers and exports its product to key markets in Australia, UK/Europe, North America, Asia and other countries.

  1. Michael Hill International Limited (ASX:MHJ)

Michael Hill International, formerly known as Michael Hill New Zealand Limited, retails jewellery and operates in other related services sector across three countries -- New Zealand, Australia and Canada.

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In the recent Q3 FY21 update, same store sales were up 16.4%, with all store sales up 11.6% for the quarter against prior year. For the first nine weeks of FY21Q3, same store sales up 12.4% against prior year.

  1. Wide Open Agriculture Limited (ASX:WOA)

Wide Open Agriculture is a AU$90 million regenerative food and agriculture business based in Western Australia. The company's brand distributes food products across Australia and Southeast Asia.

Recently, the company secured an initial OatUP purchase order from food and drink distribution company, The Market Grocer. This will enable Wide Open Agriculture for selling its produce lineup in New South Wales and Victoria.

Read More: 10 hottest ASX stocks costing less than a dollar per share

  1. comAu Pty Limited (ASX:MYD)

MyDeal.com.au is an Australian online retail ecommerce portal, a subsection of the broader Australian retail market. This online portal to connect merchants (sellers) with consumers (buyers) without having the requirement to hold inventory or substantial warehouse and logistics infrastructure in place.

  1. Pure Foods Tasmania Limited (ASX:PFT)

Pure Foods Tasmania aims to establish a strong foothold by focusing on synergistic and similar premium food/beverage businesses. The company currently runs it operations via its three separate businesses entities namely: Tasmanian Pate, Woodbridge Smokehouse, and Daly Potato.

The company’s principal activity aims to focus on establishing a strong foothold in premium food/ beverage businesses.

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  1. Nuchev Limited (ASX:NUC)

Nuchev is an Australia-based food company aiming to develop, market and sell a wide range of premium Australia-made goat nutritional products across the globe.

The company sells goat full cream milk powder under Oli6 brand and premium GIF, offering differentiated health benefits relative to other IF products in Australia, China, and Hong Kong.

  1. Mosaic Brands Limited (ASX:MOZ)

Mosaic Brands Limited (formerly Noni Limited) is the largest specialty fashion retailer group in Australia. The company's brands include Katies, Rockmans, Noni B, Rivers, Millers, Autograph, Crossroads, W. Lane and Beme. The company has a countrywide presence with almost 1,400 stores across Australia.

The company' believes that customers should express their life by embracing the truth that every occasion is a special occasion worth feeling fabulous for and hence, aiming to deliver that experience.

  1. Simonds Group Limited (ASX:SIO)

Simonds Group engages in the homebuilding business in Australia. The company constructs, markets, and sells single- and double-storey homes, apartments/townhouses, and medium-density housing. Simonds’ operations are present in Queensland, New South Wales, Victoria and South Australia.

It designs, sells and constructs residential dwellings and provides registered training courses.

  1. Clean Seas Seafoods Limited (ASX:CSS)

The company is in the business of producing fingerlings for sale and growout of Hiramasa, propagation of Spencer Gulf Hiramasa Yellowtail Kingfish, and research and development activities for the future production of Southern Bluefin Tuna. The company has two operating segments that are Finfish Operations and Tuna Operations.

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