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Highlights
Penny stocks generally trade under AU$1.
These are seen to be riskier than regular equities due to low liquidity.
Experts advise investors to be careful while dealing in penny stocks.
Penny stocks represent companies with low market caps. The stocks, which generally trade under AU$1, are seen to be riskier than regular equities due to low liquidity. Still, penny stocks are popular among small investors. The popularity is on account of their capability to deliver quick gains in a short span. There are several instances when a penny stock trading under a dollar grew sharply to become a multibagger in no time.
Experts advise investors to be careful while dealing in penny stocks. There are several companies in this category which have a nearly non-existential business. So, buying such fundamentally weak stocks can be dangerous. The second factor worth noting is that penny stocks are mostly illiquid. For this reason, investors could face difficulties while selling their holdings when the need arises.
So, investors should move ahead carefully and show due diligence while selecting penny stocks. Proper and detailed research is the only mantra which should be followed while investing in penny stocks.
On this note, let’s see how these 13 ASX-listed penny stocks are performing today (as of 12:30 AM (AEST):
BPH Energy Ltd (ASX:BPH)
BPH is a holding company which has investments in biotechnology and resources firms. Shares of BPH were trading at AU$0.029, down 0.0070 points, or 19.44%.
The share price of BPH has risen 190% in the past month. The shares have surged 45% on a year-to-date (YTD) basis. In the past year, the share price has dipped more than 58%. In the past six months, the share price has advanced 45%. The stock’s 52-week high and low stand at AU$0.074 and AU$0.010, respectively.
Sayona Mining Ltd (ASX:SYA)
Sayona Mining is into lithium production. Shares of SYA were trading at AU$0.29, down 0.0020 points, or 0.69%.
The share price of SYA has risen nearly 54% in the past month. The shares have surged over 108% on a YTD basis. The share price has gained over 94% in the past month. The shares have risen over 124% in the past six months. The stock’s 52-week high and low stand at AU$0.39 and AU$0.11, respectively.
Latin Resources Ltd (ASX:LRS)
Latin Resources is a mineral exploration firm. Shares of LRS were trading at AU$0.12, down 0.010 points, or 7.41%.
In the past month, LRS’ share price has risen more than 56%. The shares have gained over 316% on a YTD basis. The stock’s 52-week high and low stand at AU$0.23 and AU$0.027, respectively.
Xantippe Resources Ltd (ASX:XTC)
Xantippe provides sustainable, high-purity battery-grade lithium. Shares of XTC were trading at AU$0.12, down 0.010 points, or 7.41%.
The share price of XTC has traded flat in the past month. The shares were flat on a YTD basis also. The stock’s 52-week high and low stand at AU$0.016 and AU$0.0010, respectively.
Norwest Energy NL (ASX:NWE)
Norwest Energy is an oil & gas exploration firm. Shares of NWE were trading at AU$0.045, down 0.020 points, or 4.26%.
NEW’s shares have advanced more than 12% in the past month. The share price has slipped 50% in the year so far. In the past six months, the shares have gained 50%. The stock’s 52-week high and low stand at AU$0.049 and AU$0.0080, respectively.
Morella Corporation Ltd (ASX:1MC)
Morella Corporation is focused on lithium and battery materials. Shares of 1MC were trading at AU$0.027, up 0.010 points, or 3.85%.
The share price of 1MC has risen 35% in the past month. The stock’s 52-week high and low stand at AU$0.045 and AU$0.010, respectively.
ADX Energy Ltd (ASX:ADX)
ADX is an energy company focused on the exploration of oil & gas properties. Shares of ADX Energy were trading at AU$0.0060, down 0.0010 points, or 14.29%.
The share price of ADX has fallen 40% in the past month. The stock’s 52-week high and low stand at AU$0.013 and AU$0.0050, respectively.
White Cliff Minerals Ltd (ASX:WCN)
White Cliff is a mineral exploration company. Shares of WCN Energy were trading at AU$0.016, up 0.0040 points, or 33.33%.
The share price of WCN has risen 60% in the past month. The share price has slipped 20% on a YTD basis. The share price has gained 60% in the past month. The stock’s 52-week high and low stand at AU$041 and AU$0.010, respectively.
Peppermint Innovation Ltd (ASX:PIL)
Peppermint Innovation is a financial technology solution company. Shares of PIL were trading flat at AU$0.013.
The share price of PIL has risen 30% in the past month. The stock’s 52-week high and low stand at AU$0.025 and AU$0.0080, respectively.
Source: ©Miflippo | Megapixl.com
Bounty Oil & Gas NL (ASX:BUY)
Bounty Oil & Gas is engaged in the exploration, development, production and marketing of oil and gas projects. Shares of BUY were trading at AU$0.0080, down 0.00100 points, or 11.11%.
Shares of BUY have dipped 20% in the past month. The shares have also declined 20% on a YTD basis. The stock’s 52-week high and low stand at AU$0.018 and AU$0.0060, respectively.
Paladin Energy Ltd (ASX:PDN)
Paladin Energy is a uranium production firm. Shares of PDN were trading at AU$0.83, up 0.097 points, or 13.20%.
In the past month, Paladin’s share price has spiked more than 34%. The shares have declined over 12% on a YTD basis. The stock’s 52-week high and low stand at AU$1.12 and AU$0.45, respectively.
Arizona Lithium Ltd (ASX:AZL)
Arizona Lithium is a mineral explorer. Shares of AZL were trading at AU$0.091, up 0.0030 points, or 3.41%.
The share price of AZL has risen nearly 14% in the past month. The shares have declined over 24% on a YTD basis. The share price has gained over 127% in the past year. The stock’s 52-week high and low stand at AU$0.26 and AU$0.037, respectively.
Anson Resources Ltd (ASX:ASN)
Anson Resources is an exploration and development firm. Shares of ASN were trading at AU$0.29, up 0.082 points, or 39.05%.
Shares of the company have surged more than 124% in the past month. The shares have surged over 108% on a YTD basis. The stock has surged over 224% in the past year.
NOTE: Since penny stocks carry high risks, one needs to do some research before taking any exposure in them.
