Penny stocks are low valued stocks that generally trade for less than a dollar. These belong to firms with low-market capitalisation. Since these stocks give a perception of making rich quickly, these are popular among small investors. As a result, the stocks tend to surprise with significant upside during bullish sentiment in the stock market.
Here are five penny ASX-listed stocks for July:
Globe Metals & Mining Ltd (ASX:GBE)
Globe Metals & Mining is a Perth-based company engaged in the development of speciality metals and minerals. It is an African-focused resources company having Kanyika niobium project in Malawi. In June, the stock gave a return of 300%.
In the first week of June, the company received a notification from the Principal Secretary of Mining that the Malawi Government’s Mineral Resources Committee examined GBE’s mining authorisation application for the Kanyika Niobium Project and granted a Mining Permit.
Source: ©Miflippo | Megapixl.com
READ MORE: 4 ASX-listed stocks with dividend yield over 5%
Aquis Entertainment Ltd (ASX:AQS)
Gaming and entertainment company Aquis Entertainment delivered strong returns in June. Aquis shares gave a return of 53% in the last one month.
In March 2021 quarter, the company adopted the Check-in CBR app as per the guidelines and part of the ACT Government’s public health directions. The company’s business revenue was robust in the given period. The net operating cash flow was also positive.
Created on Jul 6th 2021 05:14. Viewed 330 times.