Five penny stocks notching up decent gains today

Source: Vitalii Vodolazskyi, Shutterstock

Summary

  • Golden Rim Resources is trading massively up by 22.2%, at AU$0.011 with an above average volume of over 27 million shares.
  • Optiscan Imaging has made some changes in the top management and investors are betting high on this new change.
  • Cazaly Resources’ share price has skyrocketed by 13.64% to AU$0.05 with a heavy volume of over 11 million shares.

Keeping up the last week’s momentum, the ASX 200 is trading 0.15% higher at 7073.8, as of 1:09 PM AEST. Other indices such as ASX 20, ASX 50 and ASX 100 are also up - trading 0.3%, 0.16% and 0.17% higher respectively.

Image Source: ID 153236837 © Darren4155 | Megapixl.com

These returns might not excite high risk takers, who indulge in aggressive short-term trading and look for much higher returns. For them, penny stocks might just be the right space to look for to catch some short-term sharp rallies. Let’s have a look at few penny stocks that may attract aggressive traders.

  1. Golden Rim Resources Limited (ASX:GMR)

Golden Rim Resources is trading massively up by 22.2%, at AU$0.011 with an above average volume of over 27 million shares.

Today, the company confirmed that it has received encouraging first assay results from auger drilling at its Kada Gold Project in Guinea. The company believes there is excellent potential for follow-up drilling to delineate additional gold mineralisation in these corridor extension areas for inclusion in the maiden JORC Mineral Resource scheduled for 2H CY21.

Read More: Golden Rim (ASX:GMR) Acquires 25% Interest in Kada Gold Project, What’s Next?

  1. Optiscan Imaging Limited (ASX:OIL)

Optiscan Imaging has made some changes in the top management. The company’s latest appointment Mr Robert Cooke has taken the charge as the non-executive Chair. He was the former Managing Director & CEO of Healthscope, one of Australia’s leading private hospital, medical centre and pathology operators in the country.

Image Source: ID 2489688 © Sebcz | Megapixl.com

Investors are betting high on this new board addition, which is evident in the company’s share price as well. Today, it has shot up by 18% to AU$0.295 with the highest volume since 25 February, at over 3.3 million shares.

Read More: OptiScan Imaging Completed Capital Raise of AU$9.8 million, Shares Jumped 23.81%  

  1. Clearvue Technologies Limited (ASX:CPV)

Today, Clearvue Technologies officially opened its world’s first Clear Solar Research Greenhouse in Perth, Western Australia. It uses three different versions of Clearvue’s transparent solar photovoltaic glazing panels and will used to develop new plant breeding technologies and integrate them to produce commercial crop varieties.

The share price has surged by 17.8% in today’s session, currently trading at the day’s high of AU$0.825.

Read More: ClearVue's Solar PV IGU Product Granted UL Certification

  1. Cazaly Resources Limited (ASX:CAZ)

Cazaly Resources’ share price has skyrocketed by 13.64% to AU$0.05 with a heavy volume of over 11 million shares.

The catalyst behind the rally is the appointment of Ms Tara French as the new Chief Executive Officer/Managing Director of the Company. Ms Tara French is a geologist with 24 years of mining and exploration experience, predominantly in Western Australia. She has previously held positions with miners such as Nickel Australia (now Azure Minerals), WMC etc.

  1. Carnavale Resources Limited (ASX:CAV)

Today, the company reported the results received from the second round of aircore drilling at its Kookynie Gold Project. The aircore drilling identified high-grade, structurally controlled gold mineralisation under cover.

The share price has reacted to these results, surging 11.1% to AU$0.1 in today’s session, supported by the highest volume for the month, at over 18 million shares.


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