5 Most Discussed NZX Penny Stocks To Buy Prior To New Zealand’s Budget 2021

Summary

  • Let’s have a look at some hot penny stocks
  • Pre-budget evaluation for these penny performers.
  • Notice their latest developments before investing.

The New Zealand Budget, which is due on 20 May 2021, has a lot of eyes glued to it. Considering how world economies have fluctuated over the last year, it is an important element that would determine how things move from hereon for the country. Let’s have a look at some penny stocks that you may think of investing after learning about how they have recently performed.

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Allied Farmers Group (NZX:ALF)

This Company, listed on the NZX, specialises in the trading of livestock. It has welcomed the announcement made by New Zealand Rural Land Company of the acquisition of 14 dairy assets, which are huge in scale. A total amount of NZ$114M is said to have been spent on the same.

On May 10, Allied Farmers Group last traded at NZ$0.570, down by 3.39%, at the time of writing.

ArborGen Holdings Limited (NZX:ARB)

Dealing in the business of forestry genetics, this NZX-listed entity announced today changes in its earnings guidance. It announced an EBIDTA guidance of US$11M to 11.5M. This is marginally more than US$10-11M, advised earlier.

On May 10, ArborGen Holdings Limited traded at NZ$0.181, up by 0.56%, at the time of writing.

Blis Technologies (NZX:BLT)

This Company is known to create probiotics, which are extremely useful in the production of various health and beauty products. Of late, the Company announced that certain probiotic strains by the Company had been approved in India. This would mean that the Company can now plan about increasing the gyre of its operations in India too.

On May 10, Blis Technologies Limited traded at NZ$0.066, up by 1.54%, at the time of writing.

Cannasouth Limited (NZX:CBD)

It produces Cannabis-related products. It has recently announced that CEO Mark Lucas should present a pre-recorded speech for the LESANZ Annual Conference. There is a YouTube link made available for the same and a PowerPoint presentation to go with it.

On May 10, Cannasouth Limited traded at NZ$0.405, down by 2.41%, at the time of writing.

Geo Limited (NZX:GEO)

This SaaS solution provider made an announcement recently about Mr. Roger Sharp, who is a major shareholder besides being the Non-Executive chair or the Company, that he should step down from his position before the November 2021 annual meeting.

On May 10, Geo Limited traded at NZ$0.123, up by 0.82%, at the time of writing.


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