3 ASX Small Cap Stocks with huge upside potential. In this blog post we will talk about the 3 ASX Small Cap Stocks which we are seriously considering for long positions.
These 3 ASX Small Cap Stocks are as below with their tickers:
- LEX: Lefroy Exploration Ltd
- ENX: Enegex Ltd
- PTG: Proptech Group Ltd
The first ASX Small Cap Stock under our 3 ASX Small Cap Stocks is Lefroy Exploration Ltd (Ticker: LEX). Lefroy Exploration Ltd is a Perth-based gold explorer whose focus is on green fields exploration in Western Australia. LEX is targeting multi-million ounce gold discoveries. LEX is now trading at AUD 0.385 . The high price level LEX achieved was just 4 months ago at AUD 1.54 which is 300% from the current level as shown below. If LEX is closing above 0.446 in an weekly basis and its high is taken out then the upward price objectives can be as below:
- 0.610
- 0.915
- 1.320
- 1.540
The second ASX Small Cap Stock under our 3 ASX Small Cap Stocks is Enegex Ltd (Ticker: ENX). Enegex is targeting ‘Julimar-style’ nickel-copper-platinum group element (PGE) mineralisation like that of Chalice Mining’s (CHN). ENX is now trading at AUD 0.08 . The high price level ENX achieved was just 3 months ago at AUD 0.24 which is 300% from the current level as shown below. If ENX is closing above 0.096 in an weekly basis and its high is taken out then the upward price objectives can be as below:
- 0.135
- 0.180
- 0.240
The third ASX Small Cap Stock under our 3 ASX Small Cap Stocks is Proptech Group Ltd (Ticker: PTG). PTG’s Principal Activity is to provide investment property analysis, tracking and Software-as-a-Service (SaaS) services to Australian and New Zealand property investors. PTG is now trading at AUD 0.64 . The high price level PTG achieved was just 5 months ago at AUD 0.88 which is 37.5% from the current level as shown below. If PTG is closing above AUD 0.70 in an weekly basis and its high is taken out then the upward price objectives can be as below:
- 0.745
- 0.830
- 0.880
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