5 Most Discussed Stocks – FBR, GXY, GLN, SYA And SPT

5 Most Discussed Stocks - FBR, GXY, GLN, SYA And SPT

The below-mentioned stocks have been gaining investor’s attraction lately. Let’s take a closer look at the recent update of these stocks-

FBR Ltd (ASX: FBR)

Robotic technology company, FBR Ltd (ASX: FBR) recently published a notice of change of interests of its substantial Holder, FIL Limited. In the notice, the company informed that there was a change in the interests of the FIL Limited on 1 March 2019. Currently, FIL limited owns 137,920,550 common stock securities of the company with 9.83% voting power. On 1 March 2019, the company completed the AUD 17 million placement via issue of 161,904,769 fully paid ordinary shares at an issue price of $0.105 per share.

In the last six months, the share price of the company has decreased by 40% as on 6 March 2019. FBR’s shares last traded at $0.100 with a market capitalization of circa 138.96 million as on 7 March 2019, offering YTD return of 3.13%.

Galaxy Resources Limited (ASX: GXY)

Global lithium company, Galaxy Resources Limited (ASX: GXY) recently announced that it has received the full US$271.6 million consideration payable by POSCO regarding the sale of the package of tenements located on the northern portion of the Salar del Hombre Muerto. In FY 2018, the company reported Group EBITDA of US$281.2 million which was 818% higher than the previous corresponding period (pcp). Further, the company reported a net profit after tax of US$150.2 million in FY 2018.

GXY’s shares last traded at $2.110 with a market capitalization of circa $859.88 million as on 7 March 2019. The stock has soared by 3.43% over last one month, although the YTD return stands negative at 3.65%.

Galan Lithium Limited’s (ASX: GLN)

Australian based mineral exploration company, Galan Lithium Limited’s (ASX: GLN) securities were voluntarily suspended from ASX on 6 March 2019, pending the release of an announcement regarding a drilling update. The company recently completed a maiden drill hole (C-01-19) at the Candelas Lithium Brine Project at which it encountered a substantial intercept of brine from depths of approximately 235 metres to the end of the hole, confirming the presence of high-grade lithium-bearing brines within the geological setting.

GLN’s shares last traded at $0.615 with a market capitalization of circa $68.97 million as on 4 March 2019. The stock has offered impressive YTD return of 127.78% till date.

Sayona Mining Limited (ASX: SYA)

Emerging lithium miner, Sayona Mining Limited (ASX: SYA) has recently made an announcement stating that it is going to step up community engagement efforts in Quebec following the government decision over the regulatory process. As part of its detailed public consultation process, the company has been involved in consultations with municipalities, landowners, First Nation communities and non?governmental environmental organizations.

SYA’s last traded $0.017 (-5.56% intraday) with a market capitalization of circa $30.98 million as on 7 March 2019. The stock has offered negative YTD return of 67.86% till date.

Splitit Payments Ltd (ASX: SPT)

Payments solutions provider, Splitit Payments Ltd (ASX: SPT) reported revenue from continuing operations of US$789,920 in FY2018 which was 203% higher than the previous corresponding period (pcp), reflecting Splitit’s growth across all key performance metrics. Splitit reported a loss before income tax of US$4,403,589 compared to US$3,421,636 in the prior financial year. During the year, the total active merchants increased by 205 or 117% to 380. Further, the total number of unique shoppers to use Splitit increased by 88,000 or 293% during 2018 to 118,000.

The company recently announced about retaining Paypal’s former MD to lead APAC business and also hired Klarma’s former Business Director. SPT was recently listed on ASX ON 29 January with oversubscribed placement of $12 million IPO.

SPT’s shares traded at $1.345, up 10.7% with a market capitalization of circa of $327.63 million as on 7 March 2019.


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