6 Hot Penny Stocks Trending on The NZX

Summary

  • Guess how these penny stocks have done today
  • Let’s see why did these stocks perform the way they did
  • Figure whether they can help you achieve your investment targets

Penny stocks have a wide market when it comes to investors because of the seemingly short duration in which people seem to get results. Let us cast a glance at these 6 hot penny stocks from right now and see how they are looking in the market.

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ArborGen Holdings Limited (NZX: ARB)

They are into the business of forestry. They recently announced an upgrade to the previously announced guidance. They have announced an expected EBITDAF of US$11-11.5m, whereas the previous prediction was US$10-11m. This has come after the government grant received by the company to overcome the effects of COVID-19

On May 24 ArborGen Holdings Limited traded at NZ$0.176 up by 0.57% at the time of writing.

Burger Fuel Limited (NZX:BFG)

This country based fast food group of chains is known to serve some of the best burgers and shakes. They are responsible for big brands such as Burger fuel, Winner Winner and ShakeOut. With their series of outlets across the country, the Company also has presence in the Middle East and US market.

On May 24 Burger Fuel Limited traded at NZ$0.390, up by 1.30% at the time of writing.

Blis Technologies Limited (NZX: BLT)

This is a probiotic creating Company. They have announced lately that the two probiotic strains in question have new been approved in India. The delay caused was due to the lockdown related restrictions. It means that the Company can now think of expanding operations here too.

On May 24, Blis Technologies limited traded at NZ$0.063, at the time of writing.

Also read: 5 Hot Penny Stocks To Explore Before NZ Declares Budget 2021

 

General Capital Limited (NZX:GEN)

This is a company primarily involved in financial services. They did recently release their quarterly report for the period till 31 March 2021. The report was of the view that they did well in the quarter and that their assets are continuing to grow. The aim is to take the Company to a state of business that is pre-COVID-19.

On May 24 General Capital Limited traded at NZ$0.058, up by 1.75% at the time of writing.

Also read: How Did these 6 NZX Stocks Perform Pre-Budget?--- STU, TWR, NZME, NWF, TRU, MWE

Alsos read: Why Are These 5 Hot NZX Penny Stocks On Investors’ Radar - ARB, BLT, JLG, MHJ, VTL?

Me Today Limited (NZX:MEE)

This is a makeup and wellness-based Company that has several stunning products. In an announcement the Company has accepted that they have struck a deal with companies in the Uniphar Group and Adore beauty group limited. They are confident that this shall be synonymous with profits in the future.

On May 24 Me Today Limited traded at NZ$0.081, up by 1.25% at the time of writing.

Marlborough Wine Estates Group Limited (NZX:MWE)

This premium wine producer is known have been around since years. In this year, they are of the vie that the harvest has been especially useful for the wines. While the additional time rendered some of the harvest to mature further causing the most balanced forms of batches ever.

On May 24, Marlborough Wine Estates Group traded at NZ$0.240, down by 2.04% at the time of writing,

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