3 Interesting Resources Stocks - BOA, FCC And SVY

  • Nov 16, 2018 AEDT
  • Team Kalkine
3 Interesting Resources Stocks - BOA, FCC And SVY

In the rising phase of a business, the resources supply is lesser than the resource demand which in turn leads to the prices shooting up. This can balloon up the profits for resource companies. These resources stock also provide an excellent hedge against the inflation and are hence recommended to have in your portfolio. Here are 3 interesting stocks under resources:

BOADICEA RESOURCES LIMITED (ASX: BOA) – The loss for the company was marginally lower after providing for income tax, which amounted to $422,262 as compared to 30 June 2017 of $455,187 resultant to which there were no dividends paid, recommended or declared during the current or previous financial year. At 30 June 2018 the company had net assets of $3,737,581 compared to 2017 of $3,388,286 and net working capital of $1,126,016 compared to 2017 of $1,326,615 which represents a decent balance sheet. The cash and cash equivalents at the end of the financial year was of $1,202,936 with no debt. The stock has witnessed a daily price change 36.364%, the stock is trading flat at $0.150 as at November 16, 2018. 

FIRST COBALT CORP (ASX: FCC) – First Cobalt’s vision for the American market is to create a North American cobalt supply chain. As of the date, the Corporation has 339,321,817 common shares issued and outstanding, and no debt. At September 30, 2018, the corporation had cash of $11,326,740 compared to December 31, 2017 of $29,817,031 and working capital of $10,097,655 as compared to December 31, 2017 of $27,763,122 this was due to the increase in cash used in operating and investing activities. The company has lately announced that it has commenced testing cobalt hydroxide material as feedstock for the First Cobalt Refinery. The stock has witnessed a daily price change 8.163%, the stock is trading at $0.265 as at November 16, 2018 which is near its 52-week low.

STAVELY MINERALS LIMITED (ASX: SVY) – In February/March 2018, Stavely Minerals completed a capital raising which was underpinned by a Share Placement of 20 million shares at 34 cents per share to sophisticated and institutional investors to raise $6.8 million before costs. The cash and cash equivalents held at year end increased from $2,539,101 in 2017 to $6,559,041 in 2018 with no debt on balance sheet which reflects a positive financial performance with a further $0.87M available pursuant to the Share Subscription Agreement with the drilling contractor, Titeline Drilling Pty Ltd. The stock has witnessed a daily price change 6%, the stock is trading at $0.265 as at November 16, 2018. The stock has seen a performance change of 31.58% over the past 12 months.


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