What Made These Four Stocks Come Under The Limelight – WSI, OAR, KYK And ABW

What made the four stocks come under limelight - WSI, OAR, KYK, ABW?

Weststar Industrial Limited (ASX: WSI)

Weststar Industrial Limited (ASX: WSI) forms a part of the metals and mining industry. It is a penny stock as its market capitalization is A$6.44 million. This stock has consistently given a negative performance since its inception. However, after the announcement that its business SIMPEC Pty Limited has been awarded an A$8 million contract at the Tianqi Lithium Kwinana processing plant which is under construction at Kwinana, Western Australia, the share price of the company increased by 38.462% which is equivalent to 0.005 points.

On 7th December 2018, only 67,833 shares of WSI traded on ASX. However, after this update, around 495,754,616 traded on ASX.

With the market open on 11 December 2018, the market price of the share was A$0.019. It went as high as A$0.025. The lowest price for the day was A$0.016. By the end of the trading on 11 December 2018, the market price of the share was A$0.018.

Oakdale Resources Limited (ASX: OAR)

Oakdale Resources Limited (ASX: OAR) is a penny stock whose market capitalization is approximately A$1 million. The stock has consistently given a negative performance since the company got listed on ASX. The five years performance of the company is -91.90%. Since last year, the performance of the company is -58.54%. However, for the past one month, the performance of the company was 6.25%. However, on 11 December 2018, a sudden increase in the share price by 23.529% which is equivalent to 0.004 points.

With the market open on 11 December 2018, the market price of the share was A$0.021 which remain constant regarding day’s high and day’s low price. It means there was an uncertainty in the market which has resulted in the sudden increase in the share price. By the end of the trading on 11 December 2018, the closing price of the share was A$0.021.

Kyckr Limited (ASX: KYK)

Kyckr Limited (ASX: KYK) forms a part of the information technology sector. This stock is also a penny stock whose market capitalization is A$9.06 million. The stock has given a negative performance since the company got listed on ASX. On 10 December 2018, there was an update that the securities will trade at A$0.06. With the market open on 11 December 2018, the market price of the share was A$0.067. It went as high as A$0.072. The lowest price for the day was A$0.065. By the end of trading on 11 December 2018, the closing price of the share was A$0.068 which is the reason for the share price to increase by 13.33%.

Aurora Absolute Return Fund (ASX: ABW)

Aurora Absolute Return Fund (ASX: ABW) is a penny fund as its market capitalization is A$1.67 million. The fund aims to give positive return irrespective of the price movement in the share market.

This fund officially got listed on 10 July 2006 on ASX. Since this fund got listed on ASX, the performance is -79.33%. For the past five years, the performance of the fund is -80.66%. Since last year, the performance of the fund is -57.29%.

As per the chart, there seems to be an uncertainty in the market which might have led to the market price of the fund to increase by 7.317%. Another reason could be the recent announcement that the net asset value of the fund including the franking credit was $0.305.


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