This is the penny picks show. Lets see Why These 5 ASX Penny Stocks Are Performing Well Amid Fluctuating Market .Here’s a list of a few of these penny stocks. Lets have a look at the first penny stock.
DataDot Technology share price shot up by 33.3% to point 8 cents in today’s session after the company announced an improved cash position of $1903.9 in its quarterly cashflow statement. Expenses for the quarter have materially improved from last year, while the cash balance has improved due to a cyclical reduction in inventories.
And now moving on to the next penny stock. Fin Resources share price has opened with a huge gap of 34.6%, at 3.5 cents. Today, the company announced that it had entered into a binding agreement to acquire 80% stake in the North Onslow Solar Salt Project from North West Solar Salt Pty Ltd.
Xstate Resources Limited has announced that it had signed an agreement with Blue Sky Resources Ltd to acquire 25% stake in Blue Sky’s Working Interest in oil and gas producing asset in Alberta and British Columbia, Canada. These assets consist of Royalty Interests and non-operated working interest in 31 gas and oil fields and associated infrastructure. And finally here is the last penny stock in the list. Wildcat Resources share price rose by 20.8% in today’s session to 2.9 cents, compared to the previous closing of 2.4 cents.