Two Stocks Which Are Down More Than 15%: ACB And ABT

Two Stocks Which Are Down More Than 15%: ACB And ABT

Abundant Produce Limited (ASX: ABT)

Abundant Produce Limited (ASX: ABT) had earlier come forward and made an announcement related to the quarterly report which covers December 2018 quarter with the help of the press release. As per the release dated January 23, 2019, the company stated that Abundant Seeds witnessed a rise in the sales in the December 2018 quarter because of the positive grower experiences as well as early successes with regards to the promotional efforts. With regards to the Abundant Seeds, the company stated that the number of seeds which were ordered witnessed a rise of 188% on the YoY basis, with respect to the December 2018 quarter, which reflects favourable momentum in the domestic brand awareness as well as sales.

The company had earlier posted the report for the December 2018 quarter. Abundant Produce Limited’s net cash used in the operating activities amounted to $0.719 million. The company had made payments amounting to $0.266 million towards the staff costs while $0.218 million had been incurred towards administration and corporate costs. As per the statement issued by the company, for the purposes of research and development the company paid $0.201 million while Abundant Produce Limited had paid $0.103 million for the purposes of product manufacturing and operating costs.

On January 25, 2019, the company’s stock closed the session in red as the stock price witnessed the fall of A$0.040 per share or 18.182% and closed at A$0.180 per share. The market capitalization of Abundant Produce Limited stood at ~$13.33 million. We would now understand how ABT has been performing from the past few months. The company’s stock had generated the return of -28% in the span of previous six months, while it has delivered the return of -18.18% in the time period of past three months. According to Australian Securities Exchange, Abundant Produce Limited is having earnings per share or EPS of A$-0.040 and its stock price is trading towards the lower levels.

A-Cap Energy Limited (ASX: ACB)

A-Cap Energy Limited (ASX: ACB), in FY 2018, started the implementation with regards to diversified minerals strategy having a primary focus towards exploration and/or acquisition with respect to the cobalt projects so that cathode materials can be supplied to the battery industry. On the Australian Securities Exchange or ASX, a release stated information that Castillo Copper Limited and A-Cap Energy had decided that they would not be moving ahead with respect to proposed Marlborough Project joint-venture. Earlier, A-Cap Resources Limited had made an announcement about the September 2018 quarter. A-Cap Energy Limited’s net cash used in operating activities stood at $0.773 million in the September 2018 quarter. The company had made payments towards exploration and evaluation, staff costs as well as administration and corporate costs.

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We would now see how the stock of A-Cap Energy Limited has performed earlier. On January 25, 2019, A-Cap Energy Limited closed the session in red as the stock price encountered the fall of A$0.011 per share or 19.643% and closed at A$0.045 per share. The market capitalization of A-Cap Energy Limited stood at $48.83 million. Talking about the previous performance, the stock of the company has delivered the return of 7.14% over the span of 6 months. However, in the time period of the previous 3 months and 1 month, the stock had posted the returns of 4.65% and -10%, respectively.


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