If your risk profile allows you to invest in small cap ASX shares, then you might want to take a look at the ones listed below.
I believe all three of these small cap ASX shares have strong growth potential and could be well worth adding to your watchlist. Here’s why I like them:
Clover Corporation Limited (ASX: CLV)
Clover is a producer of specialist ingredients that are designed to deliver science-based benefits to the global infant children and medical food markets. It has been growing its sales at a strong rate over the last few years thanks largely to increasing demand for omega-3 oils from infant formula manufacturers. Given favourable changes to ingredient requirements in a number of key markets, I expect this positive form to continue over the coming years.
Nitro Software Ltd (ASX: NTO)
Nitro Software is a software company aiming to drive digital transformation in organisations around the world across multiple industries. Its core product offering is the Nitro Productivity Suite. It provides integrated PDF productivity and electronic signature tools to customers through a horizontal, software-as-a-service, and desktop-based software solution.
Volpara Health Technologies Ltd (ASX: VHT)
Volpara Health Technologies is a provider of software that leverages artificial intelligence imaging algorithms to assist with the early detection of breast and lung cancer. Demand for its software continues to grow at a rapid rate, leading to stellar market share gains and recurring revenue growth. Given the quality and stickiness of its software and management’s aim of generating higher and higher revenues per user, I believe it is well-positioned for growth over the next decade.
Man who said buy Kogan shares at $3.63 says buy these 3 ASX stocks now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
Find out the names of our 3 Post COVID Stocks – For FREE!
*Returns as of 6/8/2020
More reading
- Investors wanting safe income should own these 3 ASX shares
- 2 ASX shares I plan to hold until I’m 100
- These small cap ASX healthcare shares could be destined for big things
- Volpara share price on watch as strategy update announced
- 3 exciting small cap ASX shares to put on your watchlist immediately
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Clover Limited and VOLPARA FPO NZ. The Motley Fool Australia has recommended Nitro Software Limited and VOLPARA FPO NZ. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post Why you should add these small cap ASX shares to your watchlists appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/2YczBUI
Leave a Reply