FFX, ERA, ZIP : ASX All-Ordinaries stocks that plunged in June

Image Source: © Charon | Megapixl.com

Highlights

  • In Q12022, Firefinch’s gold production met the set guidance of 10,874 ounces of gold.
  • In the March 2022 quarter, Zip Co reported a 39% year-on-year (YoY) increment in group quarterly revenue
  • The ASX All Ordinaries index, which measures the performance of 500 largest companies of the ASX, has lost 9.51% over this month

The S&P/ASX200 opened on a good note on Friday with a gain of 29.10 points or 0.44% at 6,597.20 (as of 01 JUL 10:04 AM AEST). The index is virtually unchanged over the last five days but has lost 8.80% over the month of June.

The ASX All Ordinaries index, which measures the performance of 500 largest companies of the ASX, is also down by 9.51% in June.

On that note, let us have a look into three ASX All Ordinaries stocks that have incurred significant declines over the month of June.

Energy Resources of Australia Limited (ASX: ERA)

Energy Resources has been one of Australia's leading uranium oxide producers. ERA is known for having operated Australia’s longest persistently running uranium mine, the Ranger mine. Uranium was mined at Ranger for nearly forty years, and the company is now embarking on the world-class rehabilitation of the Ranger Project Area.

ERA started the month of June at AU$0.300 and is currently trading at AU$0.19

In the March quarter of 2022, the company accomplished the following:

Firefinch Limited (ASX: FFX)

Firefinch is a gold mining company with substantial exposure to lithium and battery minerals. The company is rapidly progressing gold production at one of the biggest gold mines of Africa, the Morila Gold Mine.

The company witnessed a sharp plunge in its share price on 2nd of June, and since then it has consistently been on the decline.

Following are the production updates of the company:

  • Q12022 - 10,874 ounces of gold (meeting the set guidance)
  • 2022 full year production guidance pegged at 100,000 ounces of gold
  • H2 2022 annualised production: Projected to exceed 140,000 ounces of gold

Zip Co Limited (ASX: ZIP)

Zip Co is a financial company that provides simplified payment solutions to people. It is a leading global Buy Now, Pay Later (BNPL) company offering reasonable and seamless solutions. Zip Co started the month at AU$0.83 and is currently trading at AU$0.44.

Following are the highlights of the company for the quarter ending 31st of March 2022


 


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