ALK 2.50% 58.5¢ alkane resources limited

Best Penny Stocks Under $3, page-2

  1. 569 Posts.
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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.

    Last edited by RabbitTrap: 12/11/22
 
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Last
58.5¢
Change
-0.015(2.50%)
Mkt cap ! $353.0M
Open High Low Value Volume
60.0¢ 61.5¢ 58.5¢ $546.7K 915.4K

Buyers (Bids)

No. Vol. Price($)
2 51063 58.5¢
 

Sellers (Offers)

Price($) Vol. No.
59.0¢ 14615 2
View Market Depth
Last trade - 16.10pm 13/05/2024 (20 minute delay) ?
Last
58.5¢
  Change
-0.015 ( 2.48 %)
Open High Low Volume
61.5¢ 61.5¢ 58.5¢ 186053
Last updated 15.59pm 13/05/2024 ?
ALK (ASX) Chart
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