Penny stocks that trade below 50 cents are usually meant for risk-taking investors. While these stocks are low on investment, big returns from them might require patience and strategy. The market cap of the company besides its value and plans for growth are what need to be kept in mind while choosing penny stocks.
- Cannasouth Limited offers NZ$6 million for investors in attempt to raise capital.
- PaySauce Limited offers positive growth in FY22 first quarter.
- Long-term partnership with Probi announced by Blis Technologies Limited.
There are a number of penny stocks that trade below 5 cents. Have a look at some diverse range of options here.
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New Zealand oil and Gas Limited (NZX:NZO)
This Company offers Deepwater exploration and acreage services. The Foreign Investment Review Board for Australia has issued an NOC for the matter of acquisition of the assets of Amadeus Basin from the company Central Petroleum.
On 16 July 2021, New Zealand Oil and Gas Limited traded at NZ$0.460, up by 4.55%, at the time of writing.
The Company offers Glass and related products. The Incentive plan for FY22 was released for the Senior Management. This shall help in acknowledging the efforts of the employees as well as in retaining them with the Company. It would feature annual rewards as well as Performance rights, which means if one wishes to acquire the shares of the Company, they can.
On 16 July 2021, Metro Performance Glass Limited traded at NZ$0.440, up by 1.15%, at the time of writing.
Cannasouth Limited (NZX:CBD)
Situated in Waikato, this Company offers Cannabis-related products. In its announcement today, the Company has opened an offer of NZ$6 million for investors. This comes as a part of the endeavours to raise capital, while also partially funding an acquisition lined up by the Company.
On 16 July 2021, Cannasouth Limited traded at NZ$0.430, down by 6.52%, at the time of writing.
Rua Biosciences Limited (NZX:RUA)
This is another Cannabis-based pharmaceutical company in the list. Currently, the Company is looking for expansion possibilities towards the agrotech market, which is booming in New Zealand. By 2025, the Cannabis Testing Industry is being estimated to be worth NZ$2.5 billion. There have been developments towards the two-year research programme to determine how hyperspectral technology could be helpful in Cannabis cultivation.
On 16 July 2021, Rua Biosciences Limited traded at NZ$0.405, down by 2.41%, at the time of writing.
Burger Fuel Group Limited (NZX:BFG)
This is a NZ-based Fast Food Chain that offers different products like shakes and burgers. In the Annual Report for the Company released till the period 31 March 2021, it earned a revenue of NZ$20.1 million, which was down 4.15 from pcp, and NZ$7.1 million in cash reserves. The Company proved to be resilient in the times of COVID-19, read the report further.
On 16 July 2021, Burger Fuel Group Limited traded at NZ$0.400 flat at the time of writing.
PaySauce Limited (NZX:PYS)
This Company offers IT solutions for different HR functions. According to a market update offered by it on 8 July 2021, Q1 FY22 brought about good revenue and customer growth for the Company. Customer processing fee saw a 44% growth while the payroll value grew by 51% respectively.
On 16 July 2021, PaySauce Limited traded at NZ$0.325, flat at the time of writing.
ArborGen Holdings Limited (NZX:ARB)
In the recently held investor presentation, the revenue earned for Australia and NZ was US$9.9 million and the US GAAP EBITDA was NZ$11.3 million. The EBITDA guidance for 2022 was placed between NZ$13 million to NZ$14.5 million. FY22 is expected to bring significant growth opportunities for the Company.
On 16 July 2021, ArborGen Holdings Limited traded at NZ$0.335, up by 11.67%, at the time of writing.
Marlborough Wine Estates Group Limited (NZX:MWE)
This NZ-based wine producer exports to different parts of the world. The harvest update, being the last update by the Company, revealed why the production this year was down by 26%. The upside was that the vintage wines in all its varieties could mature better because of the dry period. This would mean some of the best vintage wines of the decade to be produced this year.
On 16 July 2021, Marlborough Wine Estates Group Limited traded at NZ$0.270, down by 3.57%, at the time of writing.
Savor Limited (NZX:SVR)
In the update made by the Company today, declared 4 August 2021, as the last date for Director’s Nomination. Besides this, the shares issued by the Company shall be revised to 62,016,772 from 186,050,315 shares previously. The sale of shares power shall be further held by the minimum holding members, which denotes shares worth NZ$1000.
On 16 July 2021, Savor Limited traded at NZ$0.187, down by 3.11%, at the time of writing.
Blis Technologies Limited (NZX:BLT)
This Company offers medicine and beauty-based products, using its probiotic strains. The Company has offered a long-term partnership with Probi, according to which it grants rights to manufacture and sale two strains of probiotics namely BLIS M18™. There has further been an issue of new shares, which led to 13% shareholding for Probi.
On 16 July 2021, Blis Technologies Limited traded at NZ$0.072 flat at the time of writing.