2 Stocks In Red Zone - BEE, HCH

  • May 09, 2019 AEST
  • Team Kalkine
2 Stocks In Red Zone - BEE, HCH

The below-mentioned stocks witnessed a decline in their share prices during the intraday trade today. Let's take a closer look at these stocks-

Broo Ltd (ASX: BEE)

Broo Ltd (ASX: BEE) is primarily involved in the production of packaged beer in both Australia and China.

For the half-year ended 31 December 2018, the company reported revenues from ordinary activities of $1,667,922, up 28.1% on the previous corresponding period. Further, the company reported a loss from ordinary activities of $1,853,106, down by 16% on pcp. As per the update published on 30 April 2019, the company is expecting to have negative operating cash flows in the short term. The company believes that additional short-term funding will be required to continue to fund operating activities.

The Company via its wholly owned subsidiary Broo Brewery Pty Ltd (Broo Brewery) is currently involved in the development of a world-class, environmentally sustainable brewing facility, the “World’s Greenest Brewery” which will enable the Company to realise opportunities both in national and international markets.

During the March quarter, the company paid A$284,000 for product manufacturing and operating costs and received $1,392,000 as receipts from the customers, taking net cash inflow from operating activities in March quarter to $45,000. As at 31 March 2019, the company had cash and cash equivalents of $169,000.

In the past six months, the share price of BEE decreased by 67.06% as on 7 May 2019. With around 618.25 Million outstanding shares and a market capitalisation of ~ 17.31 million, the BEE stock closed the market trading at AUD 0.025, down 10.714% during day’s trade as on 9 May 2019.

Hot Chili Limited (ASX: HCH)

Leading Copper developer, Hot Chili Limited (ASX: HCH) recently confirmed near-Surface enrichment at the Cortadera copper-gold porphyry discovery in Chile. In an announcement made on 9 May 2019, the company announced that early results from first five shallow Reverse Circulation (RC) holes are confirming the company’s view of Cortadera as a major new copper-gold porphyry discovery.

Highlights from the first five shallow RC holes include:

  • 20m grading 1.2% copper and 0.5g/t gold) from 40m depth
  • 68m grading 0.7% copper and 0.1g/t gold from 58m depth
  • 22m grading 0.7% copper and 0.4g/t gold from 26m depth
  • 6m grading 1.1% copper and 0.4g/t gold) from 52m depth
  • 72m grading 0.5% copper and 0.3g/t gold from surface

These results are confirming the potential for Cortadera to host significant zones of higher-grade copper associated with chalcocite enrichment in the near-surface profile of the deposit.

During the 2019 March quarter, the company executed option agreements to acquire a major copper-gold porphyry discovery, named Cortadera, which lies 14km from the Company’s large-scale Productora copper development along the Chilean coastal range.

In the past six months, the share price of HCH decreased by 81.81% as on 8 May 2019. With around 193.6 million outstanding shares and a market capitalisation of ~ 33.38 million, the HCH stock closed the market trading at AUD 0.029, down 3.333% during day’s trade as on 9 May 2019.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK