Seven ASX-listed shares priced under 80 cents

 

Summary

  • Stocks priced under 80 cents fall under the penny stocks category. These highly volatile stocks can offer significant upside potential.
  • Although an attractive option for risk-takers, risk-averse investors generally stay away from penny stocks, given the high volatility attached.
  • Some of the high-performing stocks priced under 80 cents include

In the current period of uncertain economic scenario, share prices are fluctuating at a higher rate. The fluctuations are apparent given the high volatility, primarily due to the COVID-19 pandemic.

However, there are some low-priced stocks, called penny stocks, that are affordable and offer a ray of hope given their potential to offer impressive returns. These stocks do carry significant risk and thus are not appealing for all market participants.

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This article would walk you through 7 ASX-listed shares priced below 80 cents.

GOOD TO KNOW: How do I start trading penny stocks in Australia?

Balkan Mining and Minerals (ASX:BMM)

Focussed on the early-stage exploration of lithium and active primarily in the Balkans, Balkan Mining and Minerals debuted on the ASX on 14 July.

The Company has exposure to crucial green and tech materials - borate and lithium. The Company has also entered strategic partnerships with Jadar and Sandfire. BMM’s major projects include Dobrinja, Rekovac, and Pranjani Lithium-Borate Projects.

On 15 July, BMM shares closed 10% higher at AU$0.370. The Company has a market cap of AU$16.20 million.

Bathurst Resources Limited (ASX:BRL)

New Zealand-based coal producer Bathurst Resources provides energy for hospitals, schools, and the agri-business sector.

The Company exports coal across Asia, including Japan and India, primarily for steel production.

Copyright © 2021 Kalkine Media

The Company recently confirmed that it is anticipating exceeding the AU$55.4 million guidance for FY21, reflecting a favourable pricing scenario in its export markets.

BRL shares closed 8.609% higher at AU$0.820 on 15 July. The share price has doubled in the last three months.

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