Jul 19, 2021
Australia stocks were lower after the close on Monday, as losses in the Gold, Metals & Mining and Resources sectors led shares lower.
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Australia stocks were lower after the close on Monday, as losses in the Gold, Metals & Mining and Resources sectors led shares lower.
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All the stocks trading for less than a$ come under penny stocks. These stocks are highly alluring for small time traders and investors because of their minimal pricing and high returns if invested wisely and cautiously.
However, penny stocks are highly speculative and volatile in nature. If not invested judiciously, they result in losses and shocking valuations.
On 30 March 2021, at the time of writing, NZ’s benchmark index S&P/NZX 50 was trading in green at 12,376.740 basis points, marginally up by 0.01%. The benchmark index is gaining support from indices like S&P/NZX All Industrials and S&P/NZX All Materials who were trading up by 0.71% and 1.31%, respectively.
Since the beginning of this year, the crude oil prices have been volatile touching the level of $21.65/bbl on March 30, its lowest since 2000. Crude oil prices have fallen almost 70% since early January. Coronavirus and the price war between Saudi Arabia and Russia have contributed to the sharp drop and volatility in the price of crude oil.
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www.revolucy.com/stock-image-australia-21005
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