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- Penny Stocks are low-priced stocks that can be very volatile.
- Let’s see what announcements and updates these companies have made recently.
- From new launches, interim reports, to share placements, what’s been up with these stocks!
Penny Stocks are a wise investment module for investors with a risk appetite. With COVID-19 making the market full of risks and uncertainties, Penny stocks trading under 50 cents have become hot favourite for some investors. Let’s have a look at these Penny stocks that have traded at very low prices recently.
New Zealand Windfarms Limited (NZX:NWF)
As the name suggests, this Company deals with renewable energy. Ms Christine Spring on March 1 joined the company as the New Director, as announced on 19 February. The Company recently declared its half-year results for 1HFY21, till December 31, 2020. . It was observed that the EBITDAF in the duration was NZ$3.2M, which is down from NZ$5.0M at pcp, while the total revenue was NZ$6.9M as compared to NZ$7.0M earned in pcp. The NPAT was NZ$0.32M as compared to NZ$0.51M earned in the pcp.
On March 24, New Zealand Windfarms Limited traded at NZ$0.199, down by 0.50., at the time of writing.
Chatham Rock Phosphate (NZX:CRP)
Supplying premium-quality Phosphate for various uses in farming, this Company is registered in multiple countries such as Canada, Germany besides New Zealand. The Company announced on Tuesday that it had raised more working capital, which would keep it in a comfortable position. There is a private placement of as many as 6,000,000 units at a price of NZ$0.12 for each unit being offered by the Company. For this fundraising drive, the Company has joined hands with Stockhouse, which has previously helped CRP achieve its goals.
On March 24, Chatham Rock Phosphate traded flat at NZ$0.140, at the time of writing.
Blis Technologies Limited (NZX:BLT)
This is a probiotic health and skincare Company, which creates innovative new methods probiotics etc. In a recent update, the Company said that it had got approvals for its probiotic strain called Blis Q24TM, which is all set to be used in new skin care products to be sold under the name “Unconditional Skincare co.” While only one product will be launched initially, others would follow after analysing the results of the same.
On March 24, Blis Technologies Limited traded at NZ$0.064, up by 3.23%, at the time of writing.
Cavalier Corporation (NZX:CAV)
Known for supplying high-quality carpets and flooring solutions, this Company works in New Zealand and Australia. In the preliminary half-year results released by the Company for the duration ending 31 December 2020, it was announced that it had earned a NZ$4.3M profit after tax, besides a NZ$2.5M gain through the Auckland property sale and lease. The revenue earned in the period was NZ$60.3M.
On March 24, Cavalier Corporation last traded flat at NZ$0.350 at the time of writing.
Image source: © Jirkab | Megapixl.com
Marlborough Wine Estates Group (NZX:MWE)
Known to have vineyards located in the Awatere Valley, this Company is a major wine producer. In a recent announcement, the Company revealed that it had raised a sum of NZ$1.34M by the way of share placement and SPP. The shareholders based in NZ have been a part of the company’s success with an eligibility to apply for shares worth NZ$15000 at an offer price of 25 cents each share.
On March 24, Marlborough Wine Estates Group traded flat at NZ$0.305, at the time of writing.