The benchmark index has also taken its fair share of toll from the weak global cues as all major indices in the US closed in red. However, there are a few penny stocks that are rising above these inflation concerns and are thriving in this market. After a consistent downtrend, the AMX share price has shown the first sign of reversal. The GMD share price has shot up by 13.1% to AU$0.069, trading at the highest level since April 2021.
Powerhouse Ventures Limited has reached an agreement to sell its stake in Orbis Diagnostics to Pacific Channel Limited. Orbis was part of PVL’s existing investment portfolio. The jump in the company’s share price came on the back of the announcement that AMX has contracted with Google LLC to provide a data licence for its 3D model of downtown San Francisco. The company believes this is a significant purchase order from an important client. Havilah Resources Limited has reported that Aroha Resources Pty Ltd has withdrawn from the memorandum of understanding for the exploration and potential development of Havilah’s uranium interests.