The Penny Picks || Are Penny Stocks Good Bet Amid Market Volatility?

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The Penny Picks || Are Penny Stocks Good Bet Amid Market Volatility?

Hi, you are watching ‘The Penny Picks’. Let us zoom our lens on the market performance today, and how penny space continues to be under the spotlight.  ASX 200 is struggling for direction amid tug of war between weakness in heavyweight financials and real estate platers and gains in gold and tech stocks.  

Tech venture builder firm Fatfish (ASX:FFG) soared on acquisition plan for BNPL Next to Enter Southeast Asia.  Fatfish Group (ASX:FFG)  is set to acquire 100% of BNPL Next, a holding company aiming to provide various corporate and consumer financial services.  The acquisition will be for AU$4.14 million, entirely Fatfish FFG shares. 

BNPL Next owns 60% of Circo, which operated the Circopay platform, a pioneering Earned Wage Access provider in Southeast Asia.  Earned Wage Access is a fast-growing employee financial benefit solution that allows employees early access to earned wages. AML3D (ASX:AL3) jumped on Australian patent grant for manufacturing process. 

The Next update in the buzzing penny space is Shares of Pursuit Minerals (ASX:PUR) touched a week-high on getting heritage clearance for exploration.  Moving on to the next penny stock. Inca Minerals (ASX:ICG) rose on obtaining water permit for exploration at its flagship Riqueza project at Peru.  Meanwhile, Valmec (ASX:VMX) climbed on settling litigation against John Holland.  . Wellfully (ASX:WFL) saw best day in 9 months on agreement with Russian retailer. 

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