Five penny stocks raking in big gains today

Summary

  • Dateline Resources has reported the second phase of ore sorting results for the Gold Links Gold Mine.
  • Mad Paws has added 10K new customers from March to May.
  • Aeris Resources’ share price has marked a new 52-week high of AU$0.23 and is currently trading at AU$0.205, up 18.2%.

After a feeble start to the week, the benchmark index is back in the green zone today. As of 10:55 AM AEST, the ASX 200 is trading 0.22% or 16 points higher, at 7297.7. The market breadth has also been on a positive side with 8 out of 11 sectors trading in the green.

Image Source: Copyright © 2021 Kalkine Media

Again, in this investor-friendly market, a few penny stocks are gaining traction today. Let’s have a look at five such stocks.

Read More: Three ASX shares having high-growth prospects

  1. Cogstate Limited (ASX:CGS)

The share price of Cogstate has rocketed 60.5% to AU$1.48 on the back of a significant announcement.

                       

The Penny Picks || Penny Picks Under The Spotlight; ASX 200 Struggles For Direction

 

Cogstate, which is a neuroscience technology company aiming to optimise brain health assessments, today announced that Eisai Co., Ltd. and its development partner, Biogen Inc, have been granted an accelerated approval from the US FDA for a drug named “aducanumab” for the treatment of Alzheimer’s disease.

Image Source: Copyright © 2021 Kalkine Media

Cogstate and Eisai are in an agreement to provide Eisai rights to exclusively develop and distribute Cogstate’s digital cognitive assessment technologies in the world.

  1. Dateline Resources Limited (ASX:DTR)

Dateline Resources has reported the second phase of ore sorting results for the Gold Links Gold Mine in Colorado, USA. A total of 849kg of mineralised material was collected from Gold Links, of which 49% of the sorted material was reported as waste and contained less than 0.7g/t Au per mined tonne.

Amid theses results, the DTR share price surged 29.4% to AU$0.11, clocking a volume of 283K shares.

  1. Mad Paws Holdings Limited (ASX:MPA)

Mad Paws has released an upbeat trading update for May 2021. From March to May, the company added 10K new customers and witnessed a massive 400% increase in the demand for care and walking services. It has also seen a continuous improvement in customer retention with over 70% of bookings coming from repeat customers now.

Image Source: Copyright © 2021 Kalkine Media

The MPA share price is up 17.6% to AU$0.2. A total of 1.7 million shares have changed hands today, the highest one-day volume since 31 March.

  1. Aeris Resources Limited (ASX:AIS)

Another miner on the list, Aeris Resources’ share price has marked a new 52-week high of AU$0.23 and is currently trading at AU$0.205, up 18.2%.

The catalyst behind the rally is the company’s update on its exploration activities at the Constellation deposit. The first round of assay results from the RC drilling have exceeded the management’s expectations. Intersecting high-grade copper mineralisation within 10m from surface is remarkable and is larger than the expectations and remains open along strike to the south.

  1. Mandrake Resources Limited (ASX:MAN)

The MAN share price has been trending since last few sessions. The stock has already delivered a 22% return in June, including today’s 8% rally to AU$0.27.

Image Source: Copyright © 2021 Kalkine Media

The stock surge comes in the wake of the company identifying two highly prospective Ni-rich ultramafic bodies at the Jimperding Project. Both the newly discovered prospects, are coincident with EM anomalies identified by the recently conducted VTEM™ Max airborne electromagnetic survey, further enhancing their prospectivity.

Read More: Five dividend stocks with yields above 10%

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
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