Look at the 10 most attractive NZX stocks under 50 cents

Summary

  • Promisia Healthcare Limited offers annual report.
  • Cannasouth Limited reached dual agreement.
  • Cooks Global Limited granted NZX 3.6.1 waiver.

Penny stock investments are smaller in terms of amounts and are meant for traders who like volatility. They are meant for risk-taking investors. There are a number of penny stocks trading below the amount of NZ$0.500 cent per share. Let us have a look at a few examples of such stocks.

Image Source: Copyright © 2021 Kalkine Media

Promisia Healthcare Limited (NZX: PHL)

Besides the field of elderly care, Promisia Healthcare Limited is known for its natural product development, which is based on a lot of research. In the recently received annual report for the period ended 31 March 2021, the total income recorded was NZ$7.3 million, which is inclusive of an NZ$6-million revenue. The NPAT in the period was incurred at NZ$0.02 million, while the net debt was placed at NZ$17.8 million.

On 9 July 2021, Promisia Healthcare Limited traded at NZ$0.002 flat at the time of writing.

Also read: Look at the 10 attractive NZX stocks under 50 cents

New Talisman Gold Limited (NZX:NTL)

This Company  functions according to a mining permit. In its latest development, it has purchased two Vanuatu-based assets from the Company, Canterbury Limited. The cost for this acquisition has been paid with a mix of shared and cash, NZ$100,000 in cash while 20 million shares. This deal represents that NTL is developing a stronghold in this segment of the business.

On 9 July 2021, New Talisman Gold Limited traded at NZ$0.004 flat at the time of writing.

Read now : The NZX 50 Closed at 12,752.51 on Thursday, Supported by Buying in Consumer Staples Stocks

Blackwell Global Holdings Limited (NZX:BGI)

This Company deals in Mortgage lending services besides other functions. In its most recently offered annual report for the period till 31 March 2021, the total income recorded was NZ$248,279, while the loss before income tax was recorded at NZ$779,559. The total equity was recorded at NZ$190,764.

On 9 July 2021, Blackwell Global Holdings Limited traded at NZ$0.006 flat at the time of writing.

Also read: Which are the 10 hottest NZX-listed penny stocks?

Cannasouth Limited (NZX:CBD)

This is cannabinoid-based medicine creating Company known for its various products. In a recent development, the Company has reached an agreement that offers two conditions. The first condition is the acquisition of the interests outstanding in Cannasouth Cultivation. The Second condition is the acquisition of outstanding interest in a Company called Midwest Pharmaceutics NZ Limited.

On 9 July 2021, Cannasouth Limited traded at NZ$0.470, down by 1.05%, at the time of writing.

Cannasouth to Consolidate Operations - NZX, New Zealand’s Exchange

Read now: These 6 Stocks were Gainers and losers on the NZX today- NTL, IKE, MPG, CAV, NWF, MFB

Metro Performance Glass Limited (NZX:MPG)

This Company is known to offer state-of-the-art glass for various industries. The Company’s Long-Term Incentive plan introduced for the Senior Management offers annual rewards and rights to purchase shares. The plan is meant to secure the interests of the employees and help retain valuable staff.

On 9 July 2021, Metro Performance Glass Limited traded at NZ$0.440, down by 1.12%, at the time of writing.

Did you read: Are penny stocks high risk? A glance at 5 related companies

Rua Bioscience Limited (NZX:RUA)

Another developer of cannabis-based products on the list, Rua Bioscience Limited is known for its variety of products. In a recent announcement, the Company is looking at ways to ensure its share in the cannabis testing industry, which is worth NZ$2.5 billion. There are currently several challenges faced in the field that are looking to be tackled.

On 9 July 2021, Rua Bioscience Limited traded at NZ$0.410 flat at the time of writing.

Rua eyes slice of $2.5b Cannabis testing industry - NZX, New Zealand’s Exchange

Also read: What caused the Rise and Fall of These 4 NZX Stocks Today- SVR, SCT, BGI, DGC

PaySauce Limited (NZX:PYS)

This Company has worked to revolutionise various HR functions such as payroll, timesheets, and filing, etc. In  a recent development, in the quarterly market update, the Company witnessed a 44% growth in processing fee and 39% growth in customers. The interest income declined by 33% on pcp. The number of employees making payments through PaySauce channels saw a 44% growth.

On 9 July 2021, PaySauce Limited traded at NZ$0.320, down by 3.03%, at the time of writing.

Burger Fuel Company Limited (NZX:BFG)

This food-based Company owns several brands such as Shake Out, Burger Fuel and Winner Winner. In a recent development, the Company said in its annual report for period till 31 March 2021, the NPAT was NZ$712,985, while the operating revenue was NZ$18,654. The total yearly sales decreased by 7.3%.

On 9 July 2021, Burger Fuel Company Limited traded at NZ$0.400 flat at the time of writing.

Marlborough Wines Limited (NZX:MWE)

This leading producer of wine in the country is known for its vintage selections. While the harvest update released in April revealed that the production has been about 26% lesser than previous year, the vintage wines were benefitted the most, as they got more time to mature in all their varieties, making them one of the best vintages in the decade.

On 9 July 2021, Marlborough Wines Limited traded at NZ$0.280, down by 3.45%, at the time of writing.

Read now: Which 6 NZX stocks made the biggest moves in the market?

Cooks Global Foods (NZX: CGF)

Another food-based stock on the list, this Company owns Esquire coffee franchisee. The Company recently announced that there should be a delay witnessed in the annual report. While it was to be released on 30 June 2021, the waiver has bought it time till 2 August 2021, according to the 3.6.1 NZX waiver.

On 9 July 2021, Cooks Global Foods traded at NZ$0.50 flat at the time of writing.

Also read: NZX 50 Fell 114.79 points on Wednesday, Led by Selling Pressure in the Majority of the Index Stocks

Comment


Disclaimer

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK