Five penny stocks piling on gains today


  • The CAP share price has gained 25.3% to hit AU$0.099.
  • Today, Rewardle Holdings has released an update regarding its current business operations.
  • The PUR share price notched up 22.4% gain to hit AU$0.06, fully recovering from yesterday’s loss of over 9.2%.

Today, the Australian markets have bounced back from the lower levels on the back of positive global sentiments. As of 11:15 AM AEST, the ASX 200 is trading 0.94% up, at 7048.5, breaking its three-day losing streak.

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Meanwhile, a few penny stocks are making a splash and delivering outstanding intraday returns. We bring you five such stocks.

  1. Carpentaria Resources Limited (ASX:CAP)

The CAP share price has been trending up since mid-April. Since 12 April, there have been four trading days when the stock shot up by more than 20% in a day. Today’s 25.3% gain has led the stock to AU$0.099.

Recently, the company entered into an agreement with Pure Metals Pty Ltd that will lead to the completion of the sale and purchase agreement. The agreement will see the Company acquiring Pure Metals’ 24.149% stake in the Hawsons Iron project.

  1. Rewardle Holdings Limited (ASX:RXH)

Today, Rewardle Holdings has released an update regarding its current business operations. It is using existing resources to provide contract services to strategic partners and third-party clients in order to stabilise services revenue.

RXH has seen a positive response from investors, which led to a surge of 17.6% in its share price which stands at AU$0.02.

Read More: Rewardle’s Stock Price Shot Up On The Change Of The Company’s Board

  1. Pursuit Minerals Limited (ASX:PUR)

The PUR share price moved up by 22.4% to 0.06, fully recovering from yesterday’s loss of over 9.2%. The stock surged higher as the company has identified additional discrete EM conductors from secondary moving-loop ground electromagnetic surveys at Phil’s Hill Target on the Calingiri East exploration licence.

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A massive volume of over 57 million shares supported the rally.

Read More: Pursuit Minerals Reports Increased Vanadium Recoveries At Its Sweden And Finland Projects

  1. ADX Energy Limited (ASX:ADX)

ADX has opened with a gap up of 14.2%, with its share price at AU$0.008 and is trading at the same level. A total of 1.2 million shares have been traded so far in the day. Today’ move has also helped the stock to recover from Thursday’s slide of 12.5%.

Recently, the company announced that ADX and hydrogen experts, Horváth & Partner, are undertaking a pre-feasibility assessment for green hydrogen storage at the ADX Fields and have commenced discussions with strategic partners for renewable energy production.

Read More: ADX Energy Extends Hedge Book to Counter Oil Market Volatility

  1. Frontier Resources Limited (ASX:FNT)

The FNT share price has had a very volatile session today. The stock edged up to a high of AU$0.022 but retraced all the way back to AU$0.018, that’s a 37.5% rally followed by an 18.1% decline.

This volatility is led by the company’s discovery of visible gold in rock samples taken from the newly discovered Guima vein system in 900 meters east of Kimono, which is an underexplored region.

Read More: Frontier Resources Has Been Granted The Tolukuma Tenement For Two Years Term

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