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Showing posts from May, 2021

4 Penny Stocks To Buy Under 50 Cents To Double Your Money In 2021

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Penny stocks are primarily purchased because of their discounted price. While their volatility can be a risk, investors often opt for these stocks for their low costs. If you are in search of some of the hottest Canadian penny stocks, here is a list of four such stocks that might expand in 2021. 1.      Therma Bright  Inc (TSXV:THRM) Therma Bright stock grew by five per cent in the last week. It ballooned by a whopping 1500 per cent in the past year and shot up by 86 per cent  year-to-date (YTD) . The scrips closed at C$ 0.4 apiece on Tuesday, May 18. Its 52-week high stands at C$ 1.05 (January 19, 2021). The Toronto-based company, which manufactures medical devices and instruments, is the developer of the Acuvid COVID-19 Rapid Antigen Saliva Test. Maintaining a robust balance sheet in Q1 2021, Therma Bright's cash and cash equivalents stood at C$ 1.7 million. 2.      Leaf Mobile Inc (TSX:LEAF) A leading video game group, Leaf...

Two ASX-listed resource stocks under the spotlight today

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Summary The ASX resource index has gained more than 21% in the last one year. Vulcan Energy has achieved a lithium extraction target. The company plans to ramp up activities towards its goal of developing the world's first zero-carbon lithium project. De Grey Mining has extended gold mineralisation at the Hemi discovery in Western Australia. S&P/ ASX 200 Resources posted a jump of 1.122% or 59.7 points to settle the day’s trade at 5381.7 on 27 May 2021. The index has gone up by around 21.53% in the last one year. Price is Less albeit Opportunities are Immense; Invest Wise with Kalkine LITE Just at $19.99 Source: © Edhardream | Megapixl.com Today on the  ASX , two resource space players - Vulcan Energy Resources Limited ( ASX: VUL ) and De Grey Mining Limited ( ASX: DEG ) made key announcements. Vulcan updated on its lithium extraction piloting test work, while De Grey has extended gold mineralisation at its Hemi discovery. Interesting Read:  Six Major Gold Miners with Mas...

2 Dividend-Paying Stocks To Buy Under C$5!

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  While low-cost stocks are often considered volatile, their discounted price and the chance to draw healthy returns in the long run often draw investors’ attention. On the junior platform of Toronto Stock Exchange Venture (TSXV), there are a few such stocks among the ‘Rising Stars’ category that could provide you long-term returns. On that note, let’s check out two stocks that you might want to consider exploring: Vitreous Glass Inc (TSXV:VCI) and StorageVault Canada Inc.(TSXV:SVI). Vitreous Glass Inc  (TSXV:VCI) The Alberta-based company processes and sells waste glass. In April, the C$ 31.2-million  market cap  enterprise announced a cash dividend of C$ 0.08 per common share that was payable on May 14. Earlier, the company had distributed dividend in January this year. 1-year chart of stock performance, volume and relative strength index of Vitreous Glass (Source: Refinitiv) In the past week, Vitreous Glass’ shares climbed two per cent. They have also catapulted b...

Three ASX-listed REITs eyeing 52-week highs

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  Summary The ASX provides access to a significant A-REIT portfolio across a wide range of property segments. There are several companies in this space that have paid regular dividends despite the market remaining volatile in the past few months. Centuria Industrial REIT, and Arena REIT are a few names to consider. The investors can access a huge A-REIT portfolio spread across a wide range of property segments on the ASX. The portfolio includes industrial trusts , office trusts, theme parks, among others. The shareholders can pocket a share of income without any need to buy, manage, and finance the property. Price is Less albeit Opportunities are Immense; Invest Wise with Kalkine LITE Just at $19.99 The investors can invest in these assets via the purchase of an individual company stock or a mutual fund or an exchange traded fund (ETF). There are several large- and mid-cap companies that have paid regular divide...

Why ANZ’s (ASX:ANZ) cash profit more than doubled in 1H2021

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  Summary Australia and New Zealand Banking Group Ltd ( ASX:ANZ ) on Wednesday reported a cash profit of AU$2.99 billion in the first half of 2021. The statutory profit after tax (PAT) stood at AU$2.94 billion, up 45% from the previous half. While the equity Tier 1 ratio strengthened to 12.4%, the cash return on equity increased to 9.7%. Australia and New Zealand Banking Group Ltd ( ASX:ANZ ) on Wednesday announced that its cash profit from continuing operations more than doubled to AU$2.99 billion in the half year ended 31 March 2021, compared to AU$1.41 billion a year ago. The cash profit surged as the bank released funds it had previously set aside to cover potential loan losses due to the COVID-19 pandemic. The Australian multinational banking and financial services company headquartered in Melbourne announced higher-than-expected interim dividend, driven by strong capital management, solid earnings, and improving conditions. The statutory profit after tax (PAT) of the country’...