2 Stocks On The Rise - RHT and AQS

  • Dec 03, 2018 AEDT
  • Team Kalkine
2 Stocks On The Rise - RHT and AQS

The ASX/S&P 200 is rallying from the positive news on the trade front and with a rising oil price environment. Two stocks that are riding on the back of the markets are from health care and consumer discretionary sectors. The two stocks are as follows:

RESONANCE HEALTH LIMITED (ASX: RHT) – The company’s ground-breaking machine learning solution for the quantification of liver iron concentration FerriSmart has received 510 (K) clearance from the US FDA. FerriSmart returns a liver iron quantification result within seconds and is efficient in analyzing MRI images from most scanner makes and models. The company had a 17% increase in revenue from FY16/17. The financial results for the year are underlined by a net profit of $224,619, compared to a net loss of $304,217 in the previous financial year which was driven by increase in total revenue for the year of $2,896,395, up from the previous financial year’s total of $2,485,332, posting an increase of 17%. The company’s receipts from customers increased to $2,652,132 which is a 16% increase from the previous year. The stock price surged up by an attractive 130.769% as at December 3, 2018 to $0.060 which is near its 52-week high and has witnessed an 8.33% change over the past six months.

AQUIS ENTERTAINMENT LIMITED (ASX: AQS) – The cash and cash equivalents at the end of September 30, 2018 was of $5.643 million. However, revenue from operations is down by 3.6% to $12,317,421 and hence the total loss for the year to shareholders Aquis entertainment has increased by 53.3% to $2,156,212. With the expectation of cash flows and positive EBITDA for the full financial year and the half year results achieved, have been in line with those targets and a strong budget which is set for the year. Also, net cash outflows from operations for the period were $235,705 which is lower compared to 30 June 2017 outflow of $2,288,562. Total operating expenses were of $14,473,633 which were lower than the prior year $17,983,724 by 19.5% which shows that the current cost reduction program is reaping real, ongoing savings benefits. The stock price surged up by as much as 45% as at December 3, 2018 to $0.029 and has witnessed an -60.00% change over the past six months.


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