Hello everyone, this is Nathan and welcome to The Penny Picks by Kalkine TV. Let's look at five penny stocks that are trading strong on ASX today
The Australian market is facing some selling pressure from the upper levels. As of 2:16 PM AEST, the ASX 200 is trading 0.57% lower at 7025, losing its five-day winning streak. This could also attribute to profit booking by investors before the earnings season. However, a few penny stocks are holding their ground prior to the results season, depicting high confidence among investors. Let’s have a look at a few of these penny stocks. Kinetiko Energy’s share price has increased by 27.2% to A$0.14, breaking above its falling trendline on the charts.