Galan Lithium Limited
The West Perth, Australia-based Galan Lithium Limited (ASX: GLN) is engaged in the acquisition, exploration and evaluation of mineral projects, with a special interest in tin, lithium, and tantalum deposits, as well as oil. As of date, the company has a market cap of AUD 55.66 million. With the close of trading on March 12th, the GLN stock’s last sell-off price stood at AUD 0.410, plummeting 17.17%, indicating an intra-day loss of AUD 0.085. Regardless, the stock has generated a positive YTD return of 83.33% so far.
The shares were put on trading halt on 6 March and voluntary suspended on 8 March due to pending drilling update announcement. The trading in securities resumed on 11 March when the company announced a substantial intercept of brine from depths of approximately 235 metres from the maiden drillhole (C-01-19), now reached at a dept of 401 metres, at the Candelas Lithium Brine Project, situated to the southeast of the Hombre Muerto salar in Argentina. For the quarter ended December 31st, 2018, the company’s net cash stood at AUD 2.18 million.
Splitit Payments Ltd
Splitit Payments Ltd (ASX: SPT), headquartered in Tel Aviv, Israel, is involved in providing credit card-based instalment payment solutions to businesses and merchants across the globe. Based in Sydney, the company has a market capitalisation of AUD 434.15 million and got listed on the ASX this January end, with a successful and heavily subscribed IPO. With the close of the market session on March 12th, the SPT stock last traded at AUD 1.620, up 0.621%, indicating an intra-day gain of AUD 0.010.
The company recently released its preliminary final report for the year ended December 31st, 2019, posting revenue from ordinary activities at USD 789.920, up 203% on the prior year with USD 260.41k. Besides, the net loss after tax attributable to members amounted to USD 3.422 million. The expenses on research and development activities were around USD 1.02 million, consistent with the prior year’s USD 1.104 million. Moreover, the sales and marketing expenses grew to USD 1.09 million in accord with revenue growth as well as ramp p of staff in the second half.
AVZ Minerals Limited
AVZ Minerals Limited (ASX: AVZ) based in Mount Hawthorn, Australia explores for minerals and has core operations in central Africa. Of late, the company has a market cap of AUD 91.33 million as of with approximately 2.28 billion outstanding shares. At the close of the trading session on March 12th, 2019, the AVZ stock’s last sell-off price stood at AUD 0.039, down 2.5%, indicating an intra-day fall of AUD 0.001.
The company recently reported strong results for the last two diamond drill holes at Carrier de l’Este from its Mineral Resource drilling at the Manolo Lithium and Tin project in the Democratic Republic of Congo. Also, for the quarter ended December 31st, 2018, there were high net cash outflows from operating activities to the value of AUD 5.63 million, on account of payments for exploration, evaluation, and other corporate expenses. No investing or financing activities were undertaken during the period. At the end of the quarter, the net cash and cash equivalents with the company stood at AUD 910K.
Anson Resources Limited
The West Perth, Australia-based, Anson Resources Limited (ASX: ASN), explores and develops natural resources (lithium, gold, lead, zinc, silver, graphite, and nickel-cobalt laterites) across the US and Western Australia. Till date, ASN has a market capitalisation of AUD 40.12 million with ~495.36 million outstanding shares. At the end of the trading session on March 12th, the ASN stock closed at a sell-off price of AUD 0.076, down 6.173%, indicating an intra-day fall of AUD 0.005.
Recently, the company reported the first assays of the free-flowing brine intercepted during drilling the Skyline Unit 1 well at its flagship Paradox Brine Project in Utah. The lithium grade of 193.5 ppm has been identified, which 91% higher than the lithium grade of the brine from Anson’s Cane Creek 32-1 well. For the quarter ended December 31st, 2018, Anson Resources had net cash and cash equivalents to the value of AUD 2.89 million on account of extensive outflows of AUD 1.2 million from operating activities.
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