5 Hot Penny Stocks To Explore Before NZ Declares Budget 2021

Summary

  • Penny stocks to keep an eye on before the budget drops.
  • Will these be worth your investment ?
  • What does the stock market have to say about these stocks today?

While all eyes await the budget announcement today, there are so many speculations being made about how it is going to affect the economy, what positions will it have on certain important aspects of the economy such as woman’s health, climate control, housing and so on. Let’s have a look at some of these lucrative penny stocks that can be considered for your interest in the meanwhile!

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Allied Farmers Group Limited (NZX:ALF)

This livestock-based trading Company announced recently, about the conditional acquisition made by the New Zealand Rural Company for 14 big scale dairy-based assets. The deals have come to be of an average cost of NZ$114m.

On May 20 Allied Farmers Limited traded at NZ$0.570, up by 1.79% at the time of writing.

Also read: How Are These 6 Stocks Performing Today? ZEL, TRU, HGH, ATM, SML, ALF

Burger Fuel Group Limited (NZX:BFG)

This restaurant chain business predominantly offers a selection of fast-food brands. Big names in the game such as ShakeOut, Winner Winner and Burger Fuel are part of this brand. They have even established their mark in the Middle East as well as US.

On May 20, Burger Fuel Group traded at NZ$0.385 at the time of writing.

Also read: Is Kiwi Food Industry All Set To Witness A Turnaround This Year? A Look At 4 Related Stocks

Cavalier Corporation (NZX:CAV)

This flooring and carpet making Company is known for operations across the country. Their biggest latest news remains to be the resignation of their CEO Paul Alston. Been with the Company since 2012, he has contributed immensely to the growth of the same and shall continue to serve until a replacement is found.

On May 20, Cavalier Corporation Limited traded at NZ$0.430, up by 1.18% at the time of writing.

Also read: 5 Most Discussed NZX Penny Stocks To Explore In May- SKT, CAV, APL, MPG, ARB

Geo Limited (NZX: GEO)

Offering SaaS related services for automated workforce management systems, Geo Limited has operations spread in as many as 30 countries across the world. They have recently announced that Mr Roger Sharp the non-executive chair as well as member of the board has decided to resign from his post as the chair prior to the November annual meeting.

On May 20 Geo Limited traded at NZ$0.117 up by 0.86% at the time of writing.

Also read: 5 Most Discussed NZX Penny Stocks To Explore In May- SKT, CAV, APL, MPG, ARB

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