4 Most Discussed Stocks – FEL, ECT, DXN And SPT

Discussion Stocks

The following four stocks from diverse sectors have been catching the attention of investors, as three companies lifted the trading halts imposed prior to significant announcements and one being newly listed on the Australian Securities Exchange (ASX).

FE Limited (ASX: FEL)

FE Limited, with a market capitalisation of AUD 7.47 million, is a mineral resource company primarily engaged in exploration, development and management of a diverse portfolio of iron ore, precious and base metal tenements in Western Australia.

On January 31st, the shares of FEL stock were suspended from trading until February 4th, when the company announced that significant copper and gold results from Reverse Circulation Drilling has been completed at the Forrest and Wodger Prospects, where FEL holds around 20% stake. Following the release, the suspension was lifted. The stock was trading high at AUD 0.020, up 11.11%, indicating an intraday gain of AUD 0.002 with 1.11 million of shares traded at the market close on February 5th. 

Today, FEL is trading at A$0.020 as at 1:31 PM, 6 February 2019.

FEL has generated a YTD return of 53.85% till date. It has also reported a net increase in cash and cash equivalents at AUD 42,000 for the quarter ended December 31st, 2018 with a positive outlook for the succeeding quarter.

Environmental Clean Technologies Limited (ASX: ECT)

ECT is a Melbourne-based company engaged in investment, research, development and commercialisation of environmentally friendly energy and resource technologies.

The shares of the ECT stock were also suspended on January 31st until the announcement regarding the financial close of the company’s India project was released on February 5th. In collaboration with NCL India and NDMC Ltd, the project aims at advancing Coldry and Matmor technologies to demonstration, pilot and onto commercial deployment. Meanwhile, LJ and K Thomson increased its interest from 5.21% to 5.31% in the company.

On February 5th, the stock closed trading at AUD 0.010, down 9.091% by AUD 0.001 with 3.96 million shares traded. The stock is currently trading at A$0.011, up 10%, with a market capitalisation of AUD 48.01 million (as at 1:31 PM, 6 February 2019). The ECT performance has been negative at 23.08% over the past six months.

The Data Exchange Network Limited (ASX: DXN)

Data Exchange Network Limited, incorporated in 2017, designs, constructs, and operates modular colocation data centres for communications networks in Australia. According to the financial report for the quarter ended December 31st, 2018, the company posted positive net cash and cash equivalents at AUD 6.971 million mainly resulting from inflow from financing activities.

The shares of DXN were suspended on January 29th until February 4th, awaiting the release of the review of operations and adjusted 2019 strategy for Sydney and Melbourne data centres. On February 5th, the stock closed the trading session at AUD 0.081, up 15.71% by 0.011 with 1.62 million shares traded at the market close. Today, the stock is trading at AUD 0.077, down 4.94% with a market capitalisation of AUD 15.7 million (as at 1:31 PM, 6 February 2019).

Over the past six months, DXN generated a high negative return of 66.94%. The YTD return also stood at a negative 40%.

Splitit Payments Limited (ASX: SPT)

Splitit Payments, incorporated in 2008 and headquartered in Tel Aviv, Israel, provides credit card-based instalment solutions to businesses and merchants across more than 27 countries. Based in Sydney, the company has a market capitalisation of AUD 207.63 million and recently debuted on the ASX on January 29th, 2019 following an oversubscribed initial public offering (IPO), that raised AUD 12 million via the issue of 60 million shares at AUD 0.20 each. There was a strong demand from both institutional and high-end retail investors.

As per the financial results released for six months ended June 2018, the company posted positive net cash and cash equivalents at AUD 215,007 as compared to AUD 156,647 in the previous six months ended June 30th, 2017.

The SPT stock closed market trading on February 5th at a record high of AUD 0.770, up 13.23% . Around 32.32 million volume of shares were traded.


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