Five ASX penny stocks not to be missed in July

 



Summary

  • Penny stocks are low valued stocks that generally trade for less than a dollar.
  • The stocks tend to surprise with significant upside during bullish sentiment in the stock market.
  • Pilbara Minerals, Aquis Entertainment and City Chic Collective are few penny stocks to look out for in July.
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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%

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