Penny Stocks

Three ASX-listed real estate penny stocks on investors’ radar

  • November 18, 2021 08:42 PM AEDT
  • Aayush
 Three ASX-listed real estate penny stocks on investors’ radar

Highlights As the property market in Australia saw a sharp surge in prices, shares of real estate stocks also enjoyed the run. Investors often love the route of the stock market to invest in the companies that are developing, buying/selling or ...

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Can you count on penny stocks to make money?

Can you count on penny stocks to make money?

  • June 08, 2021 04:47 PM AEST
  • Aayush

Summary As much as it is possible to make a decent sum of money from investing in penny stocks, it is much more likely that your hard-earned savings can be completely wiped off. Everything boils down to how well an investor understands the inve...

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Two ASX penny stocks with impressive one-month returns – EM1 and DTS

Two ASX penny stocks with impressive one-month returns – EM1 and DTS

Summary Emerge Gaming and Dragontail have witnessed double-digit growth in the last month following their developments during the period. Emerge Gaming signed a contract with GINX Esports TV to distribute its new “Social Gaming & Coco...

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How did ASX shares Keytone Dairy and Thorn Group fare in FY21?

How did ASX shares Keytone Dairy and Thorn Group fare in FY21?

Summary Manufacturer and exporter of formulated dairy products, Keytone Dairy recorded significant sales growth across all divisions in FY21. Diversified financial services firm Thorn Group has reported a profit in FY21 and is implementing new ...

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Three ASX-listed healthcare shares that ended in the green zone - UCM, LGP, VHT

Three ASX-listed healthcare shares that ended in the green zone - UCM, LGP, VHT

Summary Uscom has obtained Therapeutic Goods Administration (TGA) clearance for its two new haemodynamic monitoring devices. Little Green Pharma has received an additional purchase order (PO) from German pharmaceutical wholesaler DEMECAN. Volp...

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Why are the penny stocks VR1, ESK, WOA soaring on the ASX?

Why are the penny stocks VR1, ESK, WOA soaring on the ASX?

Summary The ASX200 index was up 0.18% at AEST 3:31 PM, with a few stocks shining on the exchange. Vection Technologies began the commercial distribution of its Mixed Reality software portfolio. Etherstack secured two deals in the past two days...

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Why were ASX penny stocks CXZ, NCL, LV1 in the limelight today?

Why were ASX penny stocks CXZ, NCL, LV1 in the limelight today?

Summary While the ASX200 is marginally down today, a few ASX stocks have grabbed the spotlight with key announcements. Connexion Telematics launched its OEM-agnostic software platform, CXZTRAC. Netccentric has entered into a strategic partners...

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Keen on penny stocks? Here are five trading tips

Keen on penny stocks? Here are five trading tips

  • May 26, 2021 04:02 PM AEST
  • Aayush

Summary The loss from penny stocks can be minimised by reducing the position size. Penny stocks have the ability to erode your entire capital, therefore, exiting at a small loss is the key to saving capital. Most of the penny stocks generally ...

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Here’s why ASX penny shares Invion and Nanollose are moving north today

Here’s why ASX penny shares Invion and Nanollose are moving north today

Summary Invion Limited’s INV043 has demonstrated promising preliminary findings that may have application in multiple forms of cancers. Bio-materials firm Nanollose Limited has dispatched the first batch of its refined Microbial Cellulose...

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Two ASX penny stocks that ended the week on a high

Two ASX penny stocks that ended the week on a high

On Friday, ASX200 closed at 7030.30 points, gaining 0.15%. Two penny stocks Avecho Biotechnology Limited (ASX:AVE) and Opyl Limited (ASX:OPL), came up with important announcements that led them to end Friday’s session on a high.   On 21...

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Here’s why ASX-listed penny stocks Hexima and Connexion were skyrocketing today

Here’s why ASX-listed penny stocks Hexima and Connexion were skyrocketing today

Summary Clinical stage biotechnology firm Hexima obtained International Non-proprietary Name (INN) designation for its HXP124. SaaS developer Connexion Telematics renewed its agreement with General Motors (GM) for another five years on commerci...

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About Penny Stocks

A penny stocks are the shares of a company that trade at a minimal value, generally less than a dollar mark. More often than not, these are the shares of a very small-cap company, also referred to as a micro-cap company. The market capitalisation is determined by multiplying the current share price with the outstanding shares of that company.

Many people get attracted to this space in their quest to find the best penny stocks due to their uncanny ability to deliver quick and explosive gains. This feature is supported by the excess volatility in the penny stocks. However, volatility is like a two-sided sword, due to which penny stocks move erratically in both directions, leading to quick losses as well.

Also, many penny stocks in AU and anywhere else are junk, meaning the underlying business is almost non-existent or questionable for its sustainability. Therefore, a lot of astute and institutional investors steer clear from this space, leading to fragile volumes in penny stocks. On the contrary, if the management can turn around the business, these penny stocks could quickly become your next multi-bagger.

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