2 Penny Stocks of Interest – YOJ And FLC

  • May 21, 2019 AEST
  • Team Kalkine
2 Penny Stocks of Interest – YOJ And FLC

Penny stock refers to micro-cap company’s stock, which trades at a very low price, often more or less equal to a penny; hence, they are named as ‘penny stock’. Generally, these are very high risk and high reward stocks with less liquidity. However, when it comes to a surge in a penny stock, it often takes the stock 2x-3x in a very short span of time.

Let's have a look at two of the penny stocks, listed on ASX as follows:

  1. Yojee Limited (ASX: YOJ) is an ASX listed information technology company which is working on creating a logistics and supply chain management through the use of its blockchain secured software.

On 17th May 2019, the company released a statement regarding the appointment of David Morton to its Advisory Board team (announced previously). He is an experienced corporate banker with 40 years of experience at Westpac and HSBC. He also has a strong track record for building and restructuring businesses to cope with volatile environments.

On 30th April 2019, the company released its March 2019 quarterly activity report. During the quarter, three software customer contracts were signed, including one national leader and 2 SMEs. It also launched Power Planner in March, for planning and modelling logistics businesses and networks. Further, the company used a total of A$1.35 million of net cash for operating activities and was left with A$4.65 million of net cash at the end of the reporting period.

The company has a market capitalisation of A$105.93 million, and the stock had touched a 52-week high and low of A$0.175 and A$0.055 respectively. The last one-year return of the stock is 8.7%, and the YTD return stands at 104.92%. The stock of the company was trading at a price of A$0.120, down by 4% (as on 21 May 2019, 2:05 PM AEST).

  1. Fluence Corporation Limited (ASX: FLC) is from the industrial sector and is an established player in wastewater treatment. The company offers integrated solutions across the complete water cycle. Some of the company’s products are Aspiral™, NIROBOX™ etc.

On 13th May 2019, the company released a statement stating that it has signed a contract for designing and constructing a seawater desalination plant having a capacity of 12,000 m3 /day for a total amount of US$10 million. The construction work is anticipated to be concluded by 4Q of 2020.

On 29th March 2019, FLC released its 1HFY19 report to the market. The company posted revenue of $101.12 million, and total comprehensive income stood at negative $77.17 million. Due to negative income, the loss per share increased from $0.07 to $0.14, as compared to pcp. On the balance sheet, the total assets decreased from $204.65 million to $141.79 million and total liabilities decreased from $101.05 million to $90.72 million.

The market capitalisation of the company is A$263.31 million, and the stock has a 52-week high and low of A$0.585 and A$0.029 respectively. During the last one-year period, the stock has given a yield of 8.89%, and the YTD return stands at 60.66%. The stock of the company was trading at a price of A$0.480, down by 2.041% (as on 21 May 2019, 2:05 PM AEST).


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK