5 stocks under 50 cents

Financial journalist and commentator on 3AW and Sky Business
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Here is another of our occasional collections of stocks under 50 cents, ranging from a gold miner that’s eating into its costs, to a financial services provider expanding globally, to a company marrying medical device technology with artificial intelligence, a world-leading semiconductor technology innovator and a “smart” car-parking technology leader.

Silver Lake Resources (SLR, 47 cents)
Market capitalisation: $237 million
Analysts’ consensus price target: 82 cents

Silver Lake is a misnomer: the company is a goldminer, at its Mount Monger operation near Kalgoorlie. That is the focus, now that Silver Lake has sold its Murchison region assets – the Tuckabianna gold processing facility and the underlying mine tenure – to Westgold Resources, in a cash-and-shares deal worth $10 million.

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