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

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Summary

  • There are several penny stocks that have given good returns to the investors.
  • Will April bring big returns for investors in these stocks?
  • Have a look at the recent announcements to ascertain the future growth.

Penny stocks are ideal for people who have short-term goals in the stock market and are willing to take a certain amount of risk.  Ideally, penny stocks will get one result relatively quicker than bigger ones, sometimes all in a day’s trading. Let’s have a look at these penny stocks and try and decipher how they may perform in April 2021, depending upon how these Companies have planned ahead for themselves.

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Cavalier Corporation (NZX:CAV)

This is a carpet and flooring company. As announced on Monday, its Bremworth-based business has been able to secure funds of NZ$1.9M for the purpose of  further research and study to develop more sustainable goods in the future. The Company has extensive growth and expansion plans for the future.

On April 20, Cavalier Limited traded at NZ$0.365, up by 1.39%, at the time of writing.

Also read: 6 Gainers and Decliners on the NZX Today - GXH, MEL, LIC, GEO, BLT, NZA

Blis Technologies Limited (NZX:BLT)

One of the leading probiotic manufacturers in the country, it works in the field of health and skincare. It has been announced by the Company that in the near future, it should focus its energies on strengthening the D2C business channel in terms of trade. It is working towards replenishing the damage that COVID-19 has done to the business over the past year.

On April 20, Blis Technologies Limited traded at NZ$0.068, up by 1.49%, at the time of writing.

Also read: What’s Latest With The 5 Penny Stocks From Healthcare Space? - RUA, TRU, CBD, BLT, PHL

Cannasouth Limited (NZX:CDB)

This Company deals with making Cannabis-related products for medicinal use. It has been announced by it today that it had received the approval for an additional activity on its Medical cannabis license. This license allows the distribution of goods across the country legally.

On April 20, Cannasouth Limited traded at NZ$0.460, down by 1.08%, at the time of writing.

NZ Windfarms limited (NZX:NWF)

This renewable energy-based organisation is known for its contribution towards creating sustainable alternatives. The company announced today that it had come to an agreement of a new volume fixed price for Q1 2022 to Q3 2022. The net of Hedging is also predicted to be higher than that attained at the same time last year.

On April 20, NZ Windfarms Limited traded at NZ$0.210, down by 2.33%, at the time of writing.

Rakon Limited (NZX:RAK)

This technology-based company works in sectors such as defence, telecommunications, as well as space. According to the earnings guidance released by the Company in the beginning of the month, it was estimated that it should earn an EBITDA1 ranging between NZ$27M and NZ$32M.

On April 20, Rakon Limited traded at NZ$0.980, down by 1.01%, at the time of writing.

Also read: Why Did These 5 NZX Stocks Gain Or Lose Today?  - NTL, RAK, SCT, MWE, RYM

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