9 stocks doing well – MLS, BRB, AX8, AGS, KPO, BD1, RMX, DTS and SWJ

METALS AUSTRALIA LTD (ASX: MLS) – Pursuant to the Phase-I exploration program, Magnor Exploration has commenced channel sampling at the Lac Rainy Graphite Project. In parallel with the current program of trenching and channel sampling, a project-wide mapping and prospecting campaign is also underway. As at the end of quarter June 30, 2018, the cash and cash equivalents held by company are of $2.101 million and with zero debt facility company holds a stable financial position. The stock was thus trading at a market price of $0.004 with a daily price change of 33.333% which is close to its 52-week low. The stock has undergone a performance change of -22.22% in the last one year as at September 06, 2018.

BREAKER RESOURCES NL (ASX: BRB) – Including high-grade core of 808,000 oz at 2.0g/t Au, Bombora Gold Resource jumps 74% to 1.1Moz. The updated Mineral Resource, which totals 24.6Mt at 1.4g/t Au for 1,084,000oz, incorporates the results of a further 25,500m and an improved geological model resulting from an increased understanding of the mineralization controls and in-fill drilling completed since the maiden Resource of 18 April 2018. Over the next 5-9 months to lay the foundation for a high margin, the company’s objective is to delineate 700-800,000 oz of high grade open pit gold mineralization. The stock was trading at a market price of $0.280 with a daily price change of 24.444% which is near its 52-week low. The stock has undergone a performance change of -68.53% in the last one year as at September 06, 2018.

ACCELERATE RESOURCES LIMITED (ASX: AX8) – Large porphyry system discovered at Mount Read Project, at the Thomas Creek Prospect, which was recently announced by Accelerate Resources Limited. Currently at a depth of 50m, with a planned depth of 200m, the Diamond Drilling has commenced at the Young Henry Nickel-Cobalt Prospect. As at the end of quarter June 30, 2018, the cash and cash equivalents held by company are of $3.422 million with no debt facility. The stock was trading at a market price of $0.120 with a daily price change of 20% which is near its 52-week low. The stock has undergone a performance change of -48.72% as at September 06, 2018. [optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

ALLIANCE RESOURCES LIMITED (ASX: AGS) – The company has recently announced a Maiden Mineral Resource Estimate of 1.097 Mt @ 5.1 g/t gold for 181,000 oz gold which confirms Weednanna as a quality gold deposit with outstanding economic potential. Weednanna Gold Deposit is a part of the Wilcherry Project Joint Venture between Alliance (75.01%) and Tyranna Resources Ltd (ASX: TYX) (24.99%). As at the end of quarter June 30, 2018, the cash and cash equivalents held by company are of $5.3 million. The company holds 11 million ordinary shares in Centennial Mining Limited and 71.39 million ordinary shares in Tyranna Resources Limited. The stock was trading at a market price of $0.110 with a daily price change of 12.245%. The stock has undergone a performance change of 3.16% in last one year as at September 06, 2018.

KALINA POWER LIMITED (ASX: KPO) – The company has revenue from ordinary activities up by 100% from the prior corresponding period of 2017 to AUD $98,740. However, the net loss from ordinary activities remains at $4,536,590 which is down 57%. The company has not declared or paid any dividend for current or previous year. As at the end of financial year 2018, the cash and cash equivalents held by company are of $3,127,403 and with no debt facility the company holds on a healthy balance sheet. The stock was trading at a market price of $0.036 with a daily price change of 16.129%. The stock has undergone a performance change of -48.33% in last one year as at September 06, 2018.

BARD1 LIFE SCIENCES LIMITED (ASX: BD1) – The company has announced important new research showing high accuracy of its improved BARD1-Ovarian for detection of ovarian cancer in high-risk women. At the end of the fourth quarter on June 30, 2018, the closing cash balance was $1.434 M. Up from the previous quarter, the net operating cash outflow for the quarter was $531 K. To detect ovarian cancer early, save women’s lives and avoid unnecessary surgery the company validates commercial potential as a screening test for ovarian cancer in high-risk women. The stock was trading at a market price of $0.012 with a daily price change of -7.692%. The stock has undergone a performance change of 44.44% in last one year as at September 06, 2018.

RED MOUNTAIN MINING LIMITED (ASX: RMX) – As at the end of quarter June 30, 2018, the cash and cash equivalents held by company are of $2.952 million and held 5.5 million shares in London listed Bluebird Merchant Ventures Ltd. With a focus on a review of the extensive Copper soil sampling program carried out by the Company, to assess the prospectivity of the MukabeKasiri Cobalt-Copper Project, during the prior quarter, Red mountain is in conjunction with its technical consultants. The Company has 678,036,775 fully paid ordinary shares on issue as at 30 June 2018. The stock was trading at a market price of $0.008 with a daily price change of 14.286% which is very close to its 52-week low. The stock has undergone a performance change of -53.33% in last one year as at September 06, 2018.

DRAGONTAIL SYSTEMS LIMITED (ASX: DTS) – The company has established strategic alliances, penetrated new markets, has achieved significant milestones and widened its team. A growth of 259% compared to H1 2017 revenue, 41% compared to H2 2017 revenue was recorded as the company generated USD $310 K (AUD $ 404K) revenue for 1H FY18. It has rolled out the Algo Dispatching Platform in all Pizza Hut stores in Singapore. The company finished the first half of 2018 with a cash balance of USD 2.7 million or AUD 3.6 million which is in line with the Company’s budget and growth expectations. The stock was trading at a market price of $0.125 with a daily price change of 13.636%. The stock has undergone a performance change of -45.00% in last one year as at September 06, 2018.

STONEWALL RESOURCES LIMITED (ASX: SWJ) – With the aim of finalizing a Scoping Study by the end of September 2018, few more positive results from the resource delineation drilling are being incorporated into the Resource Model at Theta Hill. Mr. Bill Guy has been appointed as chairman of the board who was appointed as director in March. The company announced capital raising of A$5m in May 2018. As at June 30, 2018, group resources increased 39% to 5.1Moz reflecting positive signs. The group also held $265,000 in cash as at June 30, 2018. The stock was trading at a market price of $0.009 with a daily price change of 12.5% which is almost at its 52-week low. The stock has undergone a performance change of -66.67% in past one year as at September 06, 2018.

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