6 NZX penny Stocks to Watch Out for This Weekend

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6 NZX penny Stocks to Watch Out for This Weekend

 6 NZX penny Stocks to Watch Out for This Weekend
Image source: Cronislaw, Shutterstock

Summary

  • Have a look at the latest offers by these penny stocks.
  • Latest developments in terms of what the companies recently announced.
  • Have a look at how these stocks traded on the weekend.

Trading at very low prices and often for shorter time frames, Penny stocks are an ideal investment for people looking to take risks. They usually represent companies that have a smaller operation base and fewer assets. Let’s have a look at some penny stocks that you need to watch out for this weekend.

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Blis Technologies Limited (NZX:BLT)

This company is known to create oral probiotics and works in the health and beauty industry. It was announced today by the Company that its probiotic strains, the BLIS K12 and BLIS M18, had  been approved by the Indian FSSAI. Even though COVID-19 caused a delay in the approval, now that it has been finally received the Company, shall work towards its growth in India.

On April 23, Blis Technologies Limited traded at NZ$0.066, up by 1.54%, at the time of writing.

Cavalier Corporation (NZX:CAV)

This company is in high-end flooring and carpet solutions. It was recently announced by the Company that its CEO Paul Alston had decided to step down from his position. George Adams, Cavalier Chairperson, was of the view that he was an asset to the Company and has helped develop it over the years. They wished him the best for his future endeavours.

On April 23, Cavalier Corporation traded at NZ$0.370 at the time of writing.

Also read: Would These 5 Penny Stocks Deliver Good Returns In April 2021?

Cannasouth Limited (NZX:CBD)

This is a cannabis-based  company, which produces goods for health and wellness. It recently announced that a new supply activity had been added to its Commercial Medical Cannabis License. This is in addition to the already present possession and cultivation activities operational through this license.

On April 23, Cannasouth Limited traded at NZ$0.455, down by 1.09%

GEO Limited (NZX:GEO)

This is an NZX-listed SaaS business. It recently announced its Chief Revenue Officer Retention Package. This, an equity incentive, will be multi year in nature and has a growth target with a minimum revenue in question.

On April 23, GEO limited traded at NZ$0.131 at the time of writing.

Also read: Why These 7 NZX Stocks Are Moving at Fast Pace - MEL, SPK, OCA, SKT, ARV, BLT, KPG

RUA Bioscience Limited (NZX:RUA)

The company deals in creating medical cannabis products. It has announced the appointment of the new CCO, Dr. Andrea Grant, who has renowned in the Global Pharmaceutical field. Dr. Grant said that her first priority as the CCO should be to lead the company to expansion into various world markets.

On April 23, RUA Bioscience Limited traded at NZ$0.395, up by 1.28%, at the time of writing.

Also read: Are These The Best NZX Penny Stocks For April 2021- GSH, ARB, CAV, TRU?

Smartpay Holdings Limited (NZX:SPY)

This is one of the largest EFTPOS providers in the country. According to a recently released trading update,  the New Zealand business has been able to provide consistent revenue. The outlook for the upcoming year is also positive. This is a good outcome considering the current situation of the pandemic.

On 23 April, Smartpay Holdings Limited traded at NZ$0.955, up by 0.53% at the time of writing.

Also read: Why These 7 NZX Stocks Are Making Heads Turn- KFL, GNE, ERD, MEL, RUA, CBD, SPY

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