3 Penny Stocks – YBR, HNR And OLI

3 Penny Stocks - YBR, HNR And OLI

The below mentioned Penny Stocks have witnessed significant change in their share price today. Let’s take a closer look at the recent updates of these stocks-

Yellow Brick Road Holdings Limited (ASX: YBR)

Australia-based financial services provider, Yellow Brick Road Holdings Limited (ASX: YBR) recently released its half-year report for the six months ended 31 December 2018 in which it reported revenues from ordinary activities of $93.44 million which was 15.3% less than the previous corresponding period (pcp). Further, the company reported the net loss after tax (NLAT) of $34.15 million for 1H FY19. The company’s half-year results were impacted by intense regulatory oversight and greater compliance requirements.

The company has now decided to undertake a broad strategic and operational review to simplify its business. The company is planning to assess its wealth management business and business structures, to ensure that it remains competitive.

In the last six months, the share price of Yellow Brick Road Holdings Limited decreased by 33.04% as on 11 March 2019. YBR’s shares last traded at $0.058 (-24.675% intraday) with a market capitalization of circa $21.87 million as on 12 March 2019.

Hannans Ltd (ASX: HNR)

Mineral exploration and production company, Hannans Ltd (ASX: HNR) recently released its half year results for the six months ended 31 December 2018. For the half-year period, the company reported a net loss of $1.490 million as compared to $0.914 million in pcp. Recently the company completed a detailed review of Hannans’ Forrestania Nickel Project (FNP) which is located around 120km south of Southern Cross and 80kms east of Hyden, in the Goldfields region of Western Australia. The review identified various high priority nickel sulphide targets which have confirmed the potential Nickel sulphide at Forrestania Project.

In the last six months, the share price of Hannans Ltd decreased by 7.14% as on 11 March 2019. HNR’s shares traded at $0.011 (-15.385% intraday) with a market capitalization of circa $25.84 million as on 12 March 2019.

Oliver’s Real Food Limited (ASX: OLI)

Oliver’s Real Food Limited (ASX: OLI) is a fast food chain company which is primary involved in managing Quick service restaurants in Australia. On 11 March 2019, the company announced several changes in the Board of Directors which includes the appointment of Nicholas Dower as the company’s chairman and the appointment of Steven Metter as the Company Secretary. Both of them are also appointed as Non-Executive Director of the company. The company also published a letter to its shareholders in which it informed that the new board has undertaken a detailed investigation into the overheads and expenditure and has already identified and confirmed overhead reductions almost equal to the cash burn rate, which includes a significant reduction in fees for the board and senior management.

In the last six months, the stock price of Oliver’s Real Food Limited decreased by 78.52% as on 11 March 2019. OLI’s shares last traded at $0.042 (+44.828% intraday) with a market capitalization of circa $7.27 million as on 12 March 2019.


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