- The ASX 200 index has fallen 1.87% to 7,447.6 this year so far (as of 1:00 PM AEDT, 10 January 2022).
- XTC, T3D and SPQ are some of the penny shares that have added zing to investor’s new year with high gains.
- Trading in penny stocks should be done only after proper due diligence.
The Australian share market has had a rough start to the year. The benchmark ASX 200 index has dropped 1.87% to 7,447.6 so far this year (as at 1:00 PM AEDT, 10 January 2022). Although the frontline stocks might have been laggards, but some small-cap stocks have gone on to deliver satisfactory returns (even in the first 10 days of the year).
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Let us have a look at three ASX-listed penny stocks that have already begun to make their presence felt within a few trading sessions of 2022.
- Xantippe Resources Limited (ASX:XTC)
Xantippe Resources is an ASX-listed mineral exploration company having mineral projects in Western Australia. The company has a market capitalisation of AU$56.05 million and has posted a net loss of AU$1.68 million in FY21, compared to a loss of AU$2.8 million a year ago.
XTC shares have proven to be a New Year’s present to investors as the stock has already rallied over 120% to AU$0.011, doubling investors’ money before mid-January 2022. On Monday, the stock witnessed a relatively high volume of over 105 million shares, reflecting investors’ frenzy to get their hands on XTC shares.
- 333D Limited (ASX:T3D)
333D is a 3D printing and technology company based in Australia. The company uses next-gen technology to manufacture 3D printed licensed merchandise. FY21 proved to be a relatively better year for the company as it managed to reduce its net loss to AU$0.34 million, compared to a loss of AU$0.6 million in FY20.
T3D shares have surged by 100% to AU$0.004 this year, as of 1:00 PM AEDT, 2022. Consequently, the market capitalisation of the company has also shot up to over AU$11.2 million.
- Superior Resources Limited (ASX:SPQ)
Superior Resources is another exploration company on our list, having prime interest in base metals, copper-gold and nickel-cobalt projects in Australia. FY21 was a rough year for the company as it extended its losses to AU$569.58K from a loss of AU$461.1K in FY20.
However, SPQ shares are up over 92.1% this year, as of the last traded price of AU$0.007 (as noted at 1:00 PM AEDT, 10 January 2022). The market capitalisation of Superior Resources has also risen to AU$115.11 million.
Although, these exorbitant returns might seem lucrative, they are also prone to equivalent (if not more) risk. Therefore, investors must do their own due diligence before trading in penny stocks.