Look at these 5 cheap NZX stocks under 50 cents


  • TruScreen offers new developments in its Newsletter
  • Geo Limited showed 36% improved EBITDA in its investor presentation
  • Management changes announced by ArborGen Limited

Penny stocks can be feasible investments for beginners and could be really interesting in helping achieve steady gains if all cards are played right.  Let’s discuss a few of these stocks to grasp the industry trend before choosing where to invest.

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Promisia Healthcare Limited (NZX:PHL)

The Company offers healthcare services for the elderly and the people with special medical needs etc.  Most recently, the Company announced the breach of one of its banking covenants for the quarter till 30 June 2021. This is in relation to the Interest/EBITDA requirement for being double of the interest cost.

On 14 September 2021, the Company traded at NZ$0.001 flat, at the time of writing

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Cooks Global Foods Limited (NZX:CGF)

This company offers integrated retail services for food and beverages across different countries. It was announced today the company’s annual meeting shall be held on 28 September 2021, virtually, in lieu  of the COVID-19 related restrictions. 13 Sep2021 that is today was the last day for Director nominations, as announced by the Company a while earlier.

On 14 September 2021, the Company traded flat at NZ$0.043, at the time of writing.

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TruScreen Group Limited (NZX:TRU)

The Company is known to offer real time screening solutions put different kinds of cancers. In the newsletter released by the company in August, YTD sales witness to 36% growth from the duration April to August 2021 as compared to pcp. The COGA evaluation of the company was completed besides making its first central European market sale.

On 14September 2021, the Company traded flat at NZ$0.062 ,  at the time of writing.Geo  Limited (NZX:GEO)

This is an SAAS-based business, known for its various operations in creating customizable software solutions. In the investor presentation released by the company in August, there was revenue decline of 7.3% while the EBITDA saw a 36% improvement. In the second half of FY21 the monthly cash burn stabilized at NZ$140k per month.

On 14 September 2021, the Company traded flat at NZ$0.138, at the time of writing.

Read more: Broad Based Buying in Stocks Pulled NZ Market Up

ArborGen Holdings Limited (NZX:ARB)

This is a company based on forestry genetics and has its operations in different geographies such as North America, South America, Australasia and parts of Europe. In the latest annual meeting of the company, it was decided to elect David Knott Jr as one of the directors, while the re-election of Thomas Avery and Ozey Horton, was also decided upon.

On 14 September 2021, the Company traded at NZ$0.315, down by 1.56%, at the time of writing.

Bottom Line

Take all the above points in mind and study  the stock trends in detail before making an investment decision in penny stocks.



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