The below mentioned stocks are doing well today as they have witnessed a significant increase in their share prices during the intraday trade. Let’s take a closer look at these stocks-
DigitalX Ltd (ASX: DCC)
Blockchain and cryptoasset finance company, DigitalX Ltd (ASX: DCC) has witnessed an improvement of over 26% in its share price during the intraday trade. Due to the significant rise in the share price, ASX has raised a Price query in which it has noted the change in the price of DCC’s securities from a low of $0.045 yesterday to a high of $0.074 today. In reply to ASX Query, the company has advised that its share price has a long history of tracking the price of Bitcoin, and the company has also informed that the price of Bitcoin has recently risen by up to 25%. The Company also noted that there has been limited online media coverage on the Company’s ongoing Federal Court matter.
Today the company has announced the appointment highly experienced Stephen Roberts as Non-Executive Director of the Company, effective immediately.
In the past 6 months, the share price of the company declined by 29.63 percent as on 2 April 2019. DCC’s shares last traded at $0.072 (+26.316% intraday) with a market capitalization of circa $29.11 million as on 3 April 2019.
Devine Limited (ASX: DVN)
Devine Limited (ASX: DVN) is a home building company which provides superior housing solutions in Australia. The company’s shares were up over 18% today. The company recently published its annual report for FY18 in which it reported a loss before tax from continuing operations of $23.9 Mn for 2018. The 2018’s results were impacted by asset impairments of $41.9 million taken across various Communities business projects.
The company is focused on advancing its existing projects in the Communities land development business and positioning itself for the purchase of new development sites.
In the past six months, the share price of the company decreased by 55.00% as on 2 April 2019. DVN’s shares traded at $0.160 (+18.519% intraday) with a market capitalisation of ~$21.43 million as on 3 April 2019.
Dragontail Systems Limited (ASX: DTS)
Dragontail Systems Limited (ASX: DTS) uses artificial intelligence (AI) machine learning to develop its core technologies which help in revolutionising the Quick Service Restaurant (QSR) and foodservice industry. Today, the company has not released any price sensitive information, however, the share prices of the company were up by 18.421% during the intraday trade.
On 2nd April 2019, the company informed that in the month of March it continued its monthly installation expansion at a rate of over 300 locations and the month of March also mark a new record of up to 32 installations in one day. As part of the company’s expansion process, the company has started the installation of Pizza Hut Australia’s stores which is expected to complete by the end of the year.
In the past six months, the share price of the company uplifted by 26.67% as on 2 April 2019. DTS’s shares traded at $0.225 (+18.421% intraday) with a market capitalization of circa $47.12 million as on 3 April 2019.
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