3 Most Discussed Stocks On The Table – ECX, SPX, ASN

3 Most Discussed Stocks On The Table - ECX, SPX, ASN

Eclipx Group Limited

The Sydney-based Eclipx Group Limited (ASX: ECX) offers fleet, equipment  leasing and management, vehicle rentals and other online auction services. As of September 30th, 2018, Eclipx managed/financed around 117,060 vehicles across Australia and New Zealand, with $ 2.4 billion in assets under management. On 4th April 2019, the ECX stock closed the market trading session at AUD 0.830, up 7.8% by AUD 0.060 with ~ 18.23 million shares traded.

On April 3rd, 2019, the company announced to have terminated the Scheme Implementation Agreement dated November 8th, 2018 with McMillan Shakespeare Limited (ASX: MMS). Accordingly, both units have agreed that Eclipx will reimburse McMillan with $ 8 million covering the costs that it has incurred to date in connection with the SIA and the proposed scheme.

Eclipx has also informed that its results for the first half of 2019 will be released on May 24th, 2019 tentatively. Besides, the company also provided a market update on March 27th, 2019, entailing various crucial business developments and particularly the transformation office and $ 20 million cost reduction program details.

Spectrum Metals Limited

Spectrum Metals Limited (ASX: SPX) is a metals and mining sector company engaged in exploration and development of gold deposits in high-grade, brown fields assets located in West Australia. On April 4th, 2019, the SPX stock price ended the market trading at AUD 0.028, down 3.45%.

Recently the company announced its first set of assay results from the drilling below the open pit at Penny West, situated 25-km south of the Youanmi region in Western Australia. The incredible intercepts from hole SPWRC006 was noted as 5m at 28.9 grams per tonne gold from 203m, including 1m at 103 grams per tonne gold from 203m, within 31m at 5.50 grams per tonne gold from 203m. Currently, Spectrum is planning a program of RC and diamond holes to follow up the latest drilling. This follows another set of assays received from the drilling at Penny North and released on March 29th, 2019, thus confirming the high-grade gold mineralisation in this zone. Post that the stock has sky-rocketed om ASX.

Anson Resources Limited

Anson Resources Limited (ASX: ASN), based in West Perth, explores and develops natural resources  including lithium, zinc, gold, silver, graphite, lead, and nickel-cobalt laterites in the United States and Western Australia. The company has a market valuation of around AUD 34.89 million to date and the ASN stock closed the market trading at AUD 0.073, up by 4.3% on April 4th, 2019.

On 4 April, the company announced Company Secretary/CFO changes in the management.

A day before, the company informed the market it has staked 396 lode claims in the strategic Yellow Cat Mining District in Utah to build a highly prospective and contiguous exploration land package for vanadium and uranium rich mineralisation in the zone.

On April 1st, 2019, Anson also announced to have received the first assay results of the recent drilling at the Long Canyon No. 2 Well, at its flagship Paradox Brine Project, situated in Utah, USA that resulted in the interception of free-flowing brine.

As per the half-year results for the six months to December 31st, 2018, the loss from continuing operations after income tax stood at $ 2,192,001, up on $ 1,280,269 as of December 31st, 2017.  Besides, Anson ended the concerned period with net cash and cash equivalents of $ 2,898,209.


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