Two Stocks Under 20 Cents Unfolding Growth Potential – PH2, MME

Company Overview: Pure Hydrogen Corporation Limited (ASX: PH2) is an Australia-based clean energy business with key focus on hydrogen, gas, and mobility segments. The company is focused on the development of energy and hydrogen projects via the use of modern technology. MONEYME Limited (ASX: MME) is an Australia-based consumer finance business. The company offers digital-first consumer finance projects. The product categories span from everyday credit spending and loans for ticket items, to auto and real-estate expenses financing. Kalkine’s ‘Stocks Under 20 cents’ Report covers the Investment Summary, Key Financial Metrics, Risks, Outlook, SWOT Analysis, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stocks.

1. Pure Hydrogen Corporation Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 46.17mn)

FY23 Update:

Business Update:

Key Ratios & Figures:

Key Risks and Outlook:

SWOT Analysis:

Valuation, Stock Recommendation and Technical Analysis:

The stock has witnessed a dip of ~9.37% in the last 1 month and over the last 3 months, it has decreased by ~17.14%. The stock has a 52-week low and 52-week high of AUD 0.110 and AUD 0.260, respectively, and is currently trading below the average of 52-week high-low average. PH2 was last covered in a report dated ’6 October 2023’.

2. MONEYME Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 00mn)

Result Highlights of FY23:

Key Ratios & Figures:

Key Risks and Outlook:

SWOT Analysis:

Valuation, Stock Recommendation and Technical Analysis:

The stock has witnessed a dip of ~20.00% in 3 months and over the last 6 months, it has decreased by ~22.73%. The stock has a 52-week low and 52-week high of AUD 0.048 and AUD 0.505, respectively, and is currently trading below the average of 52-week high-low average. MME was last covered in a report dated ’6 October 2023’.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 1 December 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

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