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Small-cap stocks can be surprising investments as they can offer high revenues within a short span of time. These stocks might not be the most expensive ones. However, they can gain significant value over time, leaving the investors with substantial profits.
However, finding such small-cap stocks that can potentially fetch investors a benefit over time is a tough task. Here are top 5 ASX-listed penny stocks that investors can pay attention to in the coming weeks:
City Chic Collective (ASX: CCX)
City Chic Collective is a women’s clothing retail chain operating in Australia. The company’s share prices have been in green over the last one week. Share prices have surged 84.4% in just a month’s time from AUD 3.93 per share to AUD 4.25 per share.
The company has a diverse range of women’s products from tops, dresses, denimwear, to accessories and swimwear. The main channel of growth for City Chic was its online transition during the coronavirus pandemic. Additionally, the retail chain has made some acquisitions and has taken advantage of assets that have lost value in the pandemic.
Read More: Top ASX Penny Stocks
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