3 Stocks Up The ASX Radar – NET, AGR, IVX

3 Stocks Up The ASX Radar - NET, AGR, IVX

The below-mentioned stocks were up on ASX today (i.e.,1 April 2019). Let’s take a closer look at these stocks-

Netlinkz Limited (ASX:NET)

Netlinkz Limited (ASX:NET) is the creator of the Virtual Invisible Network which is having the ability to create a new, faster and secure Local Area Network fabric over a Wide Area Network. Today, the company’s shares were up by 29.412% in the intraday trade.

Today, the company released its cleansing Prospectus which contains an unconditional offer of 1,000 shares at an issue price of $0.03 each to raise $30.00.

In March 2019, the company signed an agreement with iSoftStone to establish an Internet of Things Laboratory at iSoftStones’s Beijing China facilities to market and commercialise Netlinkz’s software for the IoT market place in China.

On the stock performance front, the share price of the company has increased by 50% in the past six months as on 29 March 2019. NET’s stock last traded at $0.066 with a market capitalization of circa $70.39 million as on 1 April 2019.

Aguia Resources Limited’s (ASX: AGR)

Aguia Resources Limited’s (ASX: AGR) Shares were reinstated to official quotation today, following the release by AGR of an announcement regarding the capital raising. After getting reinstated the shares went up 48.352% in the intraday trade.

The company announced that it has closed a private placement financing for gross proceeds of A$874,708.44. These proceeds were raised in connection with the issuance of 7,289,237 Ordinary Shares through a non-brokered private placement to institutional and sophisticated investors at a price of A$0.12 per Ordinary Share. The proceeds of the placement will be used in the ongoing exploration of the Rio Grande Copper prospects and along with that it will also Strengthen the company’s balancesheet.

On the stock performance front, the share price of the company has decreased by 27.2% in the past six months as on 26 March 2019. AGR’s shares last traded at $0.135 with a daily volume of ~1,496,247as on 1 April 2019.

Invion Limited (ASX: IVX)

Australian life-sciences company, Invion Limited (ASX: IVX) has witnessed an uplift of 50% in its share price today. Due to this significant rise, ASX has raised a price query in which it has noted the change in the price of IVX’s securities from a low of $1.3 cents to a high of $1.8 cents today.

In its response to ASX, the company has informed that it is not aware of any information which could explain the recent trading in the securities of Invion Limited.

The company has informed that on 29 February 2019, it lodged a Corporate Update and Investor Presentation outlining the clinical strategy for its development of the PhotosoftTM technology and the forward focus of the Company. And recently on 29 March 2019, NDF Research published research initiating coverage on the Company. This commissioned research was published to NDF’s subscriber base, to Invion’s website and to Invion’s subscriber base.

On the stock performance front, the share price of the company has decreased by 62.50% in the past six months as on 1 March 2019. IVX’s shares last traded at $0.018 with a market capitalization of circa $66.01 million as on 1 April 2019.


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