6 Hot Penny Stocks Trading Less Than 50 Cents On NZX

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6 Hot Penny Stocks Trading Less Than 50 Cents On NZX

 6 Hot Penny Stocks Trading Less Than 50 Cents On NZX
Image source: Vitalii Vodolazskyi,Shutterstock

Summary

  • Penny stocks below 50 cents are cheaply priced stocks.
  • They are investors’ favourites as they get more by spending less if the stock trades in the green.
  • Have a look at the latest announcements by these below-listed Companies.

Penny stocks, the ideal way to invest in relatively quicker result-yielding investments, are all the rage right now. Let’s have a look at some penny stocks that are trading lower than 50 cents and see whether they may be worth your time in the form of investment.

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ArborGen Holdings Limited (NZX:ARB)

The company deals in the business of Forestry Genetics and several countries are known to be associated with its work. Of late, it has been announced by the Company that the approval of the second PPP loan under Cares Act for it meant that it had comfortable funds to pay the salaries of the employees as well as fund the plan of action for recovery from the effects of COVID-19.

At the time of writing on May 4, ArborGen Holdings Limited traded at NZ$0.183, up by 3.39%.

Blis Technologies Limited (NZX:BLT)

This Company is known to create the first-ever oral probiotic in the world. It has recently announced that its probiotic strains had been approved in India. While the process took longer because of COVID-19-related delays, the BLIS K12 TM and BLIS M18TM have now been approved in India and this means the Company can now think of taking its business to the country.

At the time of writing on May 4, Blis Technology Limited traded at NZ$0.059, down by 1.67%.

Cavalier Corporation Limited (NZX:CAV)

This is a flooring and carpeting solutions company, which works across New Zealand. It has recently announced the resignation of its CEO Mr. Paul Alston. He was with the Company since 2012 and has contributed majorly to the growth and development of the same in many capacities. He shall remain on his post till a replacement is found.

On May 4, Cavalier Corporation Limited traded at NZ$0.385, up by 1.32%

Geo Limited (NZX:GEO)

This company offers Service as a software in various applications. It has recently been announced by the company that its major shareholder, who is also the Non-Executive chair, has expressed the will to retire from the position by November 2021, when the Company holds the annual meeting.

At the time of writing on May 4, Geo Limited traded at NZ$0.136 down by 1.45%.

Also read: How Are These 5 NZX Stocks Performing Today- BLT, SVR, ENS, TRU, GEO

New Zealand Oil and Gas Limited (NZX:NZO)

As the name suggests, this oil refining company works with various major names of the business. It has recently announced in its quarterly report that the subsidiary Cue Energy Resources had performed well in the duration with 35% higher.

At the time of writing on May 4, New Zealand Oil and Gas Limited traded at NZ$0.435, up by 1.16%.

Rua Bioscience Limited (NZX:RUA)

This company deals in the development of various cannabis-based products. The Company has recently announced that there should be a delay in the Good Manufacturing Practise certification. This is because of the overseas delays occurring in testing due to the ongoing pandemic.

At the time of writing on May 4, Rua Biosciences Limited traded at NZ$0.400, up by 2.56%.

Also read: How Are These 5 NZX Stocks Performing Today- BLT, SVR, ENS, TRU, GEO

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