SVR, GSH, NWF, CCC, PYS: Penny stocks under 50 cents that are in limelight

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  • Penny stocks are stocks of small companies and are inexpensive.
  • However, they are illiquid and volatile in nature.
  • Here’s a list of the 5 stocks on the NZX that ended the day higher on Monday.

Penny stocks are stocks of small companies that have minimal pricing. There can be a few penny stocks that can deliver multi-bagger returns. Moreover, investing in these stocks is comparatively cheaper. These stocks also rely on market conditions for growth in their value.

The present market sentiment is dented by factors like soaring inflation, aggressive rate hikes, the Russia-Ukraine war, sky-rocketing crude prices, etc. Penny stocks are volatile stocks. Subsequently, investors must look at business fundamentals and its growth potential before making any investment in the company.   

On this note, let’s skim through the 5 penny stocks under 50 cents that ended higher today.

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Good Spirits Hospitality Limited (NZX:GSH)

Engaged in the hospitality business across New Zealand, Good Spirits Hospitality has a market cap of $2.3 million. GSH’s shares ended the day 10.26% higher at $0.043 on Monday.

The Group’s Chair Duncan Makeig will be resigning from the Board after the upcoming meeting in June. GSH has decided that Mr Matt Adams would succeed him as Chairman.

ALSO READ: SPK, PGW, CVT: 3 stocks under $5 to explore in coming weeks

GSH cancelled its proposed acquisition of local hospitality business, Nourish Group, in late April due to the possibility of future curbs related to COVID-19 in NZ’s hospitality sector.

Savor Limited (NZX:SVR)

NZ’s premier hospitality group Savor has a market cap of $27.7 million. SVR’s shares ended the day 6.41% higher on 16 June.

The Group witnessed a robust performance in 2022 with revenue increasing from $16 million to $31 million. It saw higher-than-expected contribution from the Hipgroup acquisitions and experienced a solid winter trading as well.

It completed the equity raise of $2 million, the opening of MoVida in Britomart and the lease of Viaduct Harbour’s highly attractive site on 30 May.

NZ Windfarms Limited (NZX:NWF)

Long-term specialist wind farm owner and operator NZ Windfarms has a market cap of $48.6 million. NWF’s shares ended the day 3.05% higher at $0.169 on 20 June.

ALSO READ: From WHS, ANZ to KPG: 10 NZX stocks with over 7% dividend yield

The Group announced a dividend of $0.002 for Q3FY22 and expects to post EBITDAF between $6.5 million and $7.5 million for FY22. NWF expects its full-year generation to be near 100 GWh, based on actual generation to 24 May 2022.

Cooks Coffee Company (NZX:CCC)

Cooks Coffee Company has a market cap of $22.2 million. CCC’s shares ended the day 2.38% higher at $0.43 on Monday.

In FY22, the company showed resilience and strength in its core markets like the UK, and Ireland, positioning CCC well for future growth.

Related Read: SPK, SUM, GNE: Are these 3 NZX mid-cap stocks worth exploring in 2022?

CCC benefitted from the recovery of café sales particularly in the UK as COVID-19 curbs were eased from mid-July 2021 in the country. It also gained from the Triple Two acquisition, prior restructuring and the reduction of costs.

PaySauce Limited (NZX:PYS)

SaaS fintech platform PaySauce has a market cap of $36 million. PYS’s shares ended the day 1.92% higher at $0.265 on Monday.

DO READ: Why are these fintech start-ups popular in New Zealand?

The Group stayed cashflow positive in the final quarter of FY22 and purchased the SmoothPay business. It also saw a 79% rise YOY in customers and its total LTV customer stood at $30 million as of 31 March 2022.

PYS continues to reinvest its profits into the business to deliver on its objectives.

Bottom Line

Investors must be cautious of high returns given by a stock and may deliver losses when volatility rises. Hence, proper due diligence must be done before investing in penny stocks.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)


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