4 Small-Cap Rising Stars Of The Day- BUG, FDM, AVQ And EVO

4 Small-Cap Rising Stars Of The Day- BUG, FDM, AVQ And EVO

The below mentioned Small-cap stocks have witnessed a significant increase in their share price today (1 March 2019). Let’s take a closer look at the recent updates of these stocks:

Buderim Group Limited (ASX: BUG)

Leading ginger producer, Buderim Group Limited (ASX: BUG) has released its half-year results for FY 2019. For the half-year period, the company has reported revenue of $33.5 million which is 30% higher than the previous corresponding period (pcp). Further, the company has reported a Net profit after tax of $0.755 million as compared to the net loss of $2.960 million. Following the release of the half-year results, the share price of Buderim Group witnessed an uplift of 73.529% in the intraday trade as on 1 March 2019.

From Ginger operations, the company reported revenues of $15.578 million and profit of $1.903 million. Besides Ginger, the company is also running its operations in macadamia and tourism segment. From macadamia operation, the company reported revenue of $17.67 million and reported a segment loss of $0.238 million, and from tourism operations, the company reported revenue of $3.479 million.

BUG’s shares last traded at $14.62 with a market capitalization of circa $14.62 million as on 1 March 2019.

Freedom Oil and Gas Ltd (ASX: FDM)

Oil and Gas Exploration company, Freedom Oil and Gas Ltd (ASX: FDM) has released its Annual report for the year ended 31 December 2019 (FY 2018). The company reported revenue of $21.786 million in FY 2018 which is 430% higher than pcp. Further, the company reported a consolidated net loss before tax for the year ended 31 December 2018 of $1.6 million as compared to the net loss of $11.4 million in 2017. Following the release of the news, the share price of the company increased by 19.048% in the intraday trade as on 1 March 2019.

FDM’s Shares last traded at $0.100 with a market capitalization of circa $90.47 million as on 1 March 2019.

Axiom Mining Limited (ASX: AVQ)

Mining and Exploration company, Axiom Mining Limited (ASX: AVQ) has announced that it has executed a terms sheet with leading global metals and commodity trading group, Traxys Europe S.A. (Traxys) for senior debt finance of up to US$10.5 million and off-take sales arrangements for nickel ore from its Solomon Islands projects. Under the proposed financing, Traxys will provide up to US$10.5 million which includes US$7 million for capital expenditures required for starting the San Jorge mine and US$3.5 million for the working capital requirements for the project.

Following this news, the share price of the company increased by 25.758% in the intraday trade as on 1 March 2019. AVQ’s Shares traded at $0.083 with a market capitalization of circa $35.9 million as on 1 March 2019.

Evolve Education Group Limited (ASX: EVO)

Evolve Education Group Limited (ASX: EVO) recently released its financial results for the six months ended 30 September 2018. For the six months period, the company reported a net profit after tax before non-recurring items of $4.6 million as compared to $7.0 million in pcp. Further, the company recorded a net loss after tax of $27.5 million. For FY 2019, the company is expecting its underlying EBITDA to be in the range of $16.6 million to $18.6 million. Although the company has not released any price sensitive information today, the share price of the company increased by 22.5% in the intraday trade as on 1 March 2019.

EVO’s shares traded at $0.245 with a market capitalization of $35.96 million as on 1 March 2019.


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