It looks like the Australian market repeated its Monday’s session today. During the early hours, the market was trading up and made a high of 6836.3 but couldn’t hold its gains for long. As of 1:35 PM AEDT, the ASX 200 was trading at the day’s low of 6765, down by 0.5 per cent.
However, a few penny stocks are still making a splash today and catching more attention than the broader markets. Let’s have a look at a few of these penny stocks.
1. Bryah Resources Limited
Bryah Resources Ltd (ASX:BYH) released results from goldassaying of a further 247 drill samples from the Australian Vanadium Project at Gabanintha, located approximately 40 km south of Meekatharra. These latest gold assays are an outstanding result for Bryah Resources and confirms the high gold potential of the historic mining area of Gabanintha.
The stock has shot up by 40.6 per cent to A$0.083 with a staggering volume of over 54 million shares. However, the stock is also down by 38 percent from the day’s high of A$0.115.
2. New Talisman Gold Mines Limited
New Talisman Gold Mines Ltd (ASX:NTL) released its quarterly numbers yesterday for the period ended 31 December 2020. During the reported period, the company negotiated two acquisitions. The first is a binding term sheet to acquire Canterbury Resources Limited's Vanuatu assets (ASX:CBY). NTL also commenced the initial stages of listing Coromandel Gold Limited and expects to conclude that listing by mid-2021.
The share price was trading higher at A$0.004, up by 33 percent from yesterday’s closing price of A$0.003. Today’s volume stands at over 6 million shares.
3. Analytica Limited
Analytica Ltd's (ASX:ALT) share price had a gripping price action today. The stock made a low of A$0.003, then shot up to a high of A$0.006 after that reverted to A$0.004, that’s a 100 per cent up move and 66 per cent retracement from the top.
The development behind this volatile move was the company entering into a joint venture (JV) agreement to manufacture, distribute and market the system in China, Macau, Hong Kong and Taiwan.
4. Aldoro Resources Limited
Aldoro Resources Ltd (ASX:ARN) has been flying since yesterday. The stock was up 9 percent on Monday and by another 27 percent today with a high volume of 2.7 million shares. The CMP is A$0.31.
The company has signed a consultancy agreement with Hong Kong Ausino Investment Limited. Under the agreement, Ausino, controlled by Dr Minlu Fu, will provide equipment and services to the company concerning the Narndee Nickel-PGE project.
5. Akora Resources Limited
Yesterday Akora Resources Ltd (ASX:AKO) announced that it has released 272,727 fully paid ordinary shares from mandatory escrow on Mar. 29, 2021. These Escrowed shares represented approximately 0.45% of all the shares on issue.
Investors have taken it as a positive sign as key investors have retained their stake in the company. Today, the stock shot up by 18.9 percent to A$0.47 with a volume of 607k shares, the highest in the last two months.