The Penny Picks || Lucrative Penny Space Under Investors' Radar

• Australian shares edged higher on Thursday, helped by firmer technology and healthcare stocks, with the focus turning to U.S. inflation data due this week that could impact monetary policies globally. Australia-based fintech company IRESS (ASX:IRE) is the top percentage gainer on the asx.

• IT space is super-charged as investors flocked to growth-oriented tech stocks ahead of key US inflation data. Having said that, market participants are still on look-out for cues as to when the US Fed might tighten its dovish monetary policy.

• Healthcare stocks led the gains on the benchmark, rising to their highest since December last year. Meanwhile, energy stocks capped the ASX gains. Miners also eased, with majors Rio Tinto (ASX:RIO), BHP Group (ASX:BHP), and Fortescue Metals (ASX:FMG) trading in red territory. 

• Moving on, Shares of the cyber security firm ArchTIS (ASX:AR9) rose on licence contract with Australia's national security agency. 

• According to ArchTIS, Australia's national security agency will buy additional software licences from the company in a contract valued at A$868K. 

• Next, Gold & copper explorer Andromeda Metals (ASX:AMD) rose most in nearly 9 months on Kaolin Clay Supply deal. 

• Next stock worth looking at in penny space is the organic foods maker Forbidden Foods (ASX:FFF) that climbed on securing distribution deal with AusCom International. 


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