5 Most-Discussed Stocks Of The Day – ISX, AVZ, FBR, GXY, PNV

The below-mentioned stocks have achieved significant operational progress in the recent past. Most of these stocks ended today’s trade at a positive note. Let’s take a close look recent announcement of these stocks, how these stocks have performed today (11 October 2019).

iSignthis Ltd (ASX: ISX)

The core business of iSignthis Ltd (ASX: ISX) is to enhance the user experience of online payments. It is an emerging company among the eMoney, payments and identity technology space in Australia. Also, the company provides its customers with regulatory compliance to an enhanced customer due diligence standard. The company assists its business customers in complying with the dynamic regulatory requirements for payments and identity verification.

ISX’s securities Suspended from Trading

Today, the company’s securities were suspended from trading, as ASX is enquiring number of issues concerning ISX.  The suspension is made by ASX under Listing Rule 17.3, which is pending to results of the several enquiries to be carried out by ASIC and ASX into numerous issues related to the company.

In one of the queries answered by ISX, the company confirms compliance with the Listing Rules, especially Rule 3.1. In a response to one of ASX question, the company confirmed that currently it has 20 relatively small customers (among over 310 current and former contracted legal entities) who deal in cryptocurrency who commenced as customer of the company between September 2015 to September 2019.

The company has also confirmed that it had 4 relatively small customers (among over 310 current and former contracted legal entities) who dealt in cryptocurrency, where the customer relationship has been terminated by ISX.

Before getting suspended, the company’s stock was trading at a price of $1.070. The stock has a 52 weeks high price of $ 1.765 an average volume of ~9,573,510.

AVZ Minerals Limited (ASX: AVZ)

AVZ Minerals Limited (ASX: AVZ) is an emerging company in the Australian mineral exploration sector. The company operates in several mineral exploration projects, including its major stake in possibly one of the world’s largest lithium rich Manono Project based in Democratic Republic of Congo (DRC) in Central Africa. In addition to this, the company has been operative in Namibia for the purpose of mining and exploration of minerals.

Phase 1 completed for AVZ minerals limited

On 9th October 2019, the company announced that the metallurgical characterization in Phase 1 has been completed and confirmatory test work is in progress in Phase 2.

Figure 1 Final DMS250 Test Result (Source: Company Reports)

The company has successfully completed the DMS testing on Phase 1 bulk sample. As an implication of higher mass recovered from the DMS100 tests, the DMS250 lithia recovery was less as compared to the DMS100 test results.

The notable points from the company’s recent Manono Lithium and Tin Project Update are as follows:

  • Positive engagement with Tanzanian Government agencies around the transport of Roche Dure concentrate via the port of Dar es Salaam;
  • Relevant Tanzanian Government agencies offer every possible assistance to facilitate AVZ’s transport objectives;
  • The company appointed Project Michael Hughes as the Director to progress world-class Manono Lithium and Tin Project;
  • The company’s Pit dewatering at Roche Dure progressing better than planned, reflecting a minimum of 75 centimeter drop in water level for every 24 hours of operation.

At the market close on 11th October 2019, the company’s stock was trading at a price of $0.045, up 4.651% intraday, with a daily volume of ~11,239,404 and a market capitalisation of approximately $99.08 million. The stock has a 52 weeks high price of $0.105 and a 52 weeks low price of $0.037 with an average volume of ~6,570,389.

FBR Ltd (ASX: FBR)

FBR Ltd (ASX: FBR) or the Fastbrick Robotics is a technology driven company that centrally focuses on designing and developing robots for solving the needs of the people globally. The company has a core technology named Dynamic Stabilization Technology that assists its robots in working outdoors. Moreover, the company has developed Hadrian X robot, which is a breakthrough in brick laying as there is a short fall for bricklayers across the globe.

FBR LTD’s agreement with Summit Homes Group

The company recently announced the Building Pilot Program Agreement between Fastbrick Australia and Summit Homes Group. Fastbrick Australia is a company formed under the joint venture with Brickworks Building Products Pty Ltd. The agreement is a three-stage program which is mentioned below;

  1. Demonstration Stage implies the supply of WaaS® by Fastbrick Australia through a variety of designs supplied by Summit for three house structures on FBR properties.
  2. Display Home Stage indicates the contract between FBR and Summit to build a display home by Summit. The blocklaying services from Fastbrick Australia shall be used in building the display home.
  3. Builder’s Project Stage comprises the supply by the company of its WaaS® for a single storey residential structure within an agreement by a homebuyer.

At the market close on 11th October 2019, the company’s stock was trading at a price of $ 0.062, up 5.085% intrady, with a daily volume of ~4,606,545 and a market capitalisation of approximately $82.81 million. The stock has a 52 weeks high price of $0.220 and a 52 weeks low price of $0.058 with an average volume of ~2,448,121. In the past six months, the company’s stock has decreased by 23.38%.

Galaxy Resources Limited (ASX: GXY)

With its lithium production facilities, hard rock mines and brine assets in multiple countries (Australia, Canada and Argentina), Galaxy Resources Limited (ASX: GXY) has established itself as an international company operating in the metals and mineral sector. The company has various projects like James Bay lithium pegmatite project, Mt Cattlin mine, Sal de Vida lithium project, potash brine project. Among all the projects of GXY, Sal de Vida project is the facility producing the low-cost brine-based lithium carbonate.

Figure 2 Half-yearly Profit Comparison for GXY (Source: Company Reports)

According to the company’s half-yearly report (H1 ending 30th June 2019), the underlying net profit after tax was USD 4.9 million. However, the company incurred a net loss after tax of US$171.9 million, which included one-off write-down of inventory, derecognition of deferred tax assets of US$176.8 million and impairment of property plant and equipment.

At the end of half- year period, the company had a cash position of USD 176.3 million with no debt.

At the market close on 11th October 2019, the Company’s stock was trading at a price of $0.940, up 3.867%, with a daily volume of ~2,761,827 and a market capitalisation of approximately $370.58 million. The stock has a 52 weeks high price of $2.850 and a 52 weeks low price of $0.900 with an average volume of ~3,278,124.

Polynovo Limited (ASX: PNV)

PolyNovo Limited (ASX: PNV) is a healthcare company headquartered in Australia which envisions to provide innovation driven unique products as a solution to various health problems like burns, surgical wounds, hernia repair, trauma, orthopaedics and reconstructive surgery. The company was founded in 1998 and currently offers its innovative product, Biodegradable Temporising Matrix (BTM), which intends to treat severe wounds of full-thickness and burns.

Polynovo Limited Appoints Senior Vice President

As per the announcement from the company dated 16th September 2019, the company has appointed Mr. Ed Graubart as Senior Vice President of PolyNovo North America LLC to look into the sales and marketing functions of the US business. Mr. Graubart has replaced Mr. Kevin Whiteley and has an experience of more than 29 years in the orthopaedic medical industry.

At the market close on 11th October 2019, the company’s stock was trading at a price of $ 2.560, up by 0.787% intraday, a market capitalisation of approximately $1.68 billion. The stock has a 52 weeks low price of $0.510 and an average volume of ~3,754,533. In the past six months, the company’s stock has increased by 193.64%.


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