If you follow this thread, Yowie (YOW) was highlighted as a worthy prospect on 19 Feb 19, slightly less than a month ago when I alluded that its been trading at a substantial discount to its cash per share and that its operational performance seems to suggest that its previous woes may well look at turning the corner.
YOW was added at 7c to Opportunity stock and today it is now closed at 9c, a 28.6% gain in less than one month. Rather than take the bid price of 9.2c as the bid is subject to a number of requirements to be met and likelihood that part of consideration received likely to be in the form of Keybridge Capital notes, selling at 9c may be a better option for certainty.
On other fronts, the four opportunity stocks added this month have got a decent good start, ANO registering a 4.9% gain since 8/3, VHT 2.1% since 6/3 and CYL and NST 1.8%.
As I mentioned last week, stocks trading below 10c with potential to scale past 10c will have a good reward to risk ratio as one bid higher above 10c is 0.5c compared to 0.1c for bids lower than 10c. Fingers crossed, lottery stocks 4DS and BIT can get the required momentum to breach 10c and get higher.
