4 Stocks Come Up With The New Name – AV1, VRX, IGN, And HLS

stocks

Ventnor Resources Limited (ASX: VRX)

Recently on 6 December 2018, Ventnor Resources Ltd changed its name to Ventnor Silica Limited (ASX: VRX). The company has recently lodged an application for its first silica sand Mining Lease at its Arrowsmith North prospect which will enable the company to apply for a Mining Permit early in the next year.

In December 2018, the company announced the results from the independent estimate of the Mineral Resource at its Arrowsmith Central prospect which is having an inferred mineral resource of 28 million tonnes @ 97.7% SiO2. As at 30 September 2018, the company was having cash and cash equivalent of $1.81 million.  [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

In the last six months, the share price of VRX increased by 76.06 percent as on 27 December 2018. VRX’s shares traded at $0.125 with a market capitalization of circa $45.58 million as on 28 December 2018.

Adveritas Limited (ASX: AV1)

Previous known as Tech Mpire Limited, Adveritas Limited (ASX: AV1) is involved in creating innovative, big-data powered software solutions. The company also provides comprehensive mobile ad fraud protection for brands, agencies, and ad networks.

In November 2018, the company appointed Mr.  Mathew Ratty for the role of Chief Executive Officer (CEO) of the company.  In the September quarter of 2018, the company launched its TrafficGuard® Software-as-a-Service (SaaS) and its first clients are already onboard and operating.

In the last six months, the share price of AV1 increased by 284.87 percent as on 27 December 2018. AV1’s shares traded at $0.135 (-3.571% intraday) with a market capitalization of circa $20.36 million as on 28 December 2018.

Ignite Limited (ASX: IGN)

Recently, Clarious group Limited changed its name to Ignite Limited and also changed its ticker symbol from CND to IGN. Ignite Limited (ASX: IGN) is involved in assisting organizations by providing specialist recruitment, on-demand talent, and people services in Australia, New Zealand, and China.

In FY 2018, the gross profit margin of the company improved by 130 bps to 22.6 percent. Further, the Operating cash flow of the company grew by 1,622.6% to $4,117k. At the end of FY 2018, the company was having a cash balance of $2,782k which represents 55.6 percent higher than the FY 2017. The company incurred an After-tax loss of $2,566k in FY 2018.

In the last six months, the share price of IGN increased by 11.32 percent as on 18 December 2018.  IGN’s shares last traded at $0.047 with a market capitalization of circa $4.21 million.

Healius Limited (ASX: HLS)

Formerly known as Primary Health Care limited, Healius Limited (ASX: HLS) reported revenue growth of 4.9 percent and Underlying NPAT of $92.3 million in FY 2018. At the end of FY  2018, the company was having free cash flow of $147 million which is 3.6 percent higher than FY 2017. The pathology division of the company witnessed a 5 percent revenue growth in FY 2018.

In the last six months, the share price of HLS decreased by 31.88 percent as on 27 December 2018.  HLS’s shares traded at $2.340 (+0.862% intraday) with a market capitalization of circa $1.44 billion as on 28 December 2018.


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