5 under 50 cents

Financial journalist and commentator on 3AW and Sky Business
Print This Post A A A

Once again, the Switzer Super Report has trawled through the region of the stock market that has share prices below 50 cents, looking for potentially lucrative opportunities. It’s a region populated mainly by micro-caps, with dividends – let alone fully franked dividends – conspicuous by their absence. But for that small part of your portfolio that is reserved for speculation looking for a good capital-growth opportunity, there are plenty of promising stories. Here are five of them.

Micro X (MX1, 46 cents)

Market capitalisation: $55 million

Adelaide-based mobile X-ray technology developer Micro-X Limited, which listed in December 2015, is getting ever-closer to the first sales of its DRX Revolution Nano device, which is designed to give hospitals a lightweight, portable X-ray imaging device, allowing them to give patients X-rays in their rooms and wards. The DRX Revolution Nano weighs 85 kilograms, much smaller than the cumbersome 500 kg–600 kg portable X-ray machines currently used in hospitals. Its small size allows radiographers much more flexibility when positioning the device for x-ray examinations. The first target market will be acute care hospitals, followed by aged-care providers.

Take a free trial to continue reading

Already have an account? Click here to login.

By proceeding you understand and agree to the site's terms and conditions

Also from this edition