With the falling bond yields the markets have been pushed to a 22-month low tested by some of the major mining stocks. However, as the global selling settles down there are hopes for shares to move higher. Five stocks gaining attention in this scenario are as follows:
CROPLOGIC LIMITED (ASX: CLI) – The company announced change of its New Zealand registered office at Chartered Accountants House Level 5, 50-64 Customhouse Quay Wellington 6140, New Zealand. The company’s revenue from ordinary activities is up by 1% to $2,069,631 and the Group has no capital commitments as at 30 September 2018. Cash at the end of the year September 30, 2018, for the company is $1,371,067. The current assets of the company are $1,979,397 and current liabilities are at $825,083 which represents the ability to pay off short term obligations and improve working capital. The stock has seen a surge of as much as 112.5% to trade at $0.034 as at December 6, 2018.
MINERAL COMMODITIES LTD (ASX: MRC) – Of the refusal of an Environmental Authorization Application over the Klipvley Karookop area for the Prospecting Right Application the company advices that it has received notification from the Department of Mineral Resources in South Africa. The recent optimization testwork for the Munglinup Graphite Project for Munglinup continues the trend in positive outcomes. The price to earnings ratio is 8.100 and earnings per share (EPS) is 0.018 AUD which compares well among the peer basket. The cash balance is around US$10.2m at 30 June 2018. The company had a decent financial and share price performance. The stock has seen a surge of as much as 20.69% to trade at $0.175 as at December 6, 2018.
PPK GROUP LIMITED (ASX: PPK) – The company made an announcement on 13 November 2018 regarding the proposed acquisition of AIC Investment Corporation Pty Ltd. Also, to commercialize BNNT manufacturing technology the company has a joint venture with Deakin University and the company is now investing in innovative and new technology ventures. The actual revenue is 16% higher overall for the period July 2018 to October 2018. The full year Mining Sector revenue growth will be in the range of 15% to 25%. Company’ net profit before tax will be in the range of $2.0M to $3.0Ms for the full year. The stock price of PPK surged by 4.196% to trade at $0.745 as at December 6, 2018.
RESONANCE HEALTH LIMITED (ASX: RHT) – For the quantification of liver iron concentration, the company’s ground-breaking machine learning solution FerriSmart has recently received 510(k) clearance from the US Food and Drug Administration. The company has tailored CRO solutions for global clinical trials, shifted its portfolio of products and services from MRI diagnostic services exclusively to exciting new initiatives including the provision of regulatory medical expertise, and as a developer and distributor of mass market AI solutions. This financial year also saw a successful R&D tax incentive claim of $451,904. The stock price of RHT surged by 26.19% to trade at $0.053 as at December 6, 2018.
EUROPEAN METALS HOLDINGS LIMITED (ASX: EMH) – The company with its Cinovec project has a goal to sustainably supply a minimum 22,500 t/a lithium carbonate or ~25,600 t/a as lithium hydroxide into the European battery market with low cost and for long term. As the European industry requires large supplies of lithium it will benefit the company. The company has made an announced that it has raised gross proceeds of £1,035,500. The consolidated loss for year ended 30 June 2018 amounted to $4,655,209 compared to 2017 loss of $4,145,872. However, the net assets of the Group have increased by $1,904,068 to $12,399,098 at 30 June 2018. The share price of EMH surged by 10.769% to trade at $0.360 as at December 6, 2018.
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