ALK (ASX) Best Penny Stocks Under $3

Originally posted by RabbitTrap: ↑

Small US article on ALK.

Looking forward to the next lot of drill results and the AGM. Will not be able to attend as I am Sydney based. Hope they an an investor talk in Sydney as in the past.

Lets hope that we get approval for SAR in the next month or so. Still buying at these prices

Best Penny Stocks Under $3: Alkane Resources (ALKEF)Source: allstars / Shutterstock.comBased in Australia, Alkane Resources (OTCMKTS:ALKEF) aims to become one of its nation’s next multi-mine gold producers. Currently, most of the company’s projects are located in the central west region of New South Wales. However, its total footprint extends across Australia. Shares are down more than 41% so far in 2022.As with B2Gold, Alkane investors should expect a bumpy ride. Again, if the Fed continues to aggressively hike interest rates, gold prices will remain under pressure. At the same time, investors may look for some semblance of elemental stability during these wild times. With gold enjoying universal intrinsic value, ALKEF could be an interesting play.GuruFocus rates Alkane’s shares as significantly undervalued. At the moment, ALKEF trades for 4.9 times trailing earnings. In contrast, the industry’s median level is 10.5. Finally, Alkane represents a high-quality business as reflected by its upper-echelon return on equity of nearly 30%.On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.

The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.

Oilandgas360
https://www.oilandgas360.com/7-best-penny-stocks-under-3-to-buy-now/If IG is still selling my next order should be filled in the next couple of days. Interesting that he is seeing more value in ASM at the moment, I see it as massively underpriced as well

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Another mention of ALK on a US website, much the same type of comments but does show there is interest elsewhere.

https://investorplace.com/2022/11/7-penny-stocks-to-buy-to-retire-a-millionaire/

Alkane Resources (ALKEF)Source: Shutterstock Founded in 1969, Alkane Resources (OTCMKTS:ALKEF) calls the “Land Down Under” home. According to its website, Alkane is poised to become Australia’s next multi-mine gold producer. Although it features projects throughout the country, management focuses predominantly on the New South Wales region.As of this writing, Alkane carries a market cap of $395.2 million AUD or about $257.4 million. ALKEF trades hands for 41 cents a share. Against the January opener, the stock dropped almost 39% in equity value. However, in the trailing five days, ALKEF popped up over 10%, reflecting a possible bullish resurgence.On the financials, Alkane is arguably best known for its revenue trend. Its three-year sales growth rate stands at 20.8%, beating out 79% of its competitors. Also, the company delivers on the bottom line, particularly with a net margin of 42.6%. This stat ranks above 93% of the industry. Finally, Alkane enjoys a return on equity of nearly 30%, reflecting a very high-quality business. So, don’t let the cheap price fool you. ALKEF may be one of the hidden gems among penny stocks.

No.	Vol.	Price($)
1	1500	53.0¢

No.

Vol.

Price($)

1500

53.0¢

Price($)	Vol.	No.
54.0¢	50107	2

Price($)

Vol.

No.

54.0¢

50107

No.	Vol.	Price($)
1	1500	0.530
10	44144	0.520
6	22121	0.515
3	12943	0.510
3	40000	0.505

No.

Vol.

Price($)

1500

0.530

44144

0.520

22121

0.515

12943

0.510

40000

0.505

Price($)	Vol.	No.
0.540	50107	2
0.550	5760	2
0.555	3000	1
0.560	4700	1
0.565	8056	2

Price($)

Vol.

No.

0.540

50107

0.550

5760

0.555

3000

0.560

4700

0.565

8056

(20min delay)
Last 54.0¢		Change -0.030(5.26%)		Mkt cap ! $325.8M

Open	High	Low	Value	Volume
55.0¢	55.0¢	52.0¢	$540.1K	1.013M

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