The below mentioned stocks have witnessed improvement in their share price during the intraday trade. Let take a closer look at the recent announcement of these stock-
Far Limited (ASX: FAR)
Oil and Gas exploration company, Far Limited (ASX: FAR) recently completed a AU$45 million capital raising, which will be used to fund FAR’s ongoing interest in the SNE Field development, preparatory work for the proposed 2020 drilling program, to pay for Australian seismic and processing costs, and for general corporate purposes.
In 2014, the company made the world-class, SNE oil discovery off the coast of Senegal in 2014 and has since then it has established itself as one of the largest holders of offshore acreage in the MSGBC Basin.
In February 2019, MODEC International Inc awarded front-end engineering design contract for SNE Field Development Phase 1 FPSO facility.
In the past three months, the share price of Far Limited increased by 3.70% as on 6 May 2019. FAR’s shares last at $0.066 (+17.857% intraday) with a market capitalization of circa $305.85 million as on 7 May 2019.
FBR Ltd (ASX: FBR)
Robotic technology company FBR Limited (ASX: FBR) has formed a Joint Venture with Brickwork to supply Wall as a Service™ for the Australian market providing FBR with an opportunity to demonstrate the capabilities of the Hadrian X with the new optimised blocks developed with Brickworks.
In H1 FY19, the company reported revenue of $146,863, up 49% on the previous corresponding period (pcp). During the half year period, the Group also made significant progress toward its corporate and commercial objectives and in the development and testing programme of the Hadrian X commercial. prototype.
As at 31 March 2019, the company had cash and cash equivalent of $20,401k.
In the past three months, the share price of FBR Limited decreased by 43.23% as on 6 May 2019. FBR’s shares last traded at $0.089 (1.089% intraday) with a market capitalization of circa $112.29 million as on 7 May 2019.
Orcoda Limited (ASX: ODA)
A resources, healthcare, and transport logistics optimisation company, Orcoda Limited (ASX: ODA) recently signed an order for modelling solutions with CEVA Logistics Australia which involves complex modelling analysis of the multitude of customer choices in delivery supply chains.
Recently, the company’s two subsidiaries received a total of $439,972 R&D tax refunds, recognizing the innovative R&D activities undertaken by the Company during the financial year ending 30 June 2018.
For the half year ended 31 March 2019, the company reported revenue of A$1,051,000 which was 21% higher than pcp. As at 31 December 2018, the company had cash holdings of $801k.
In the past six months, the share price of ODA Limited decreased by 55.00% as on 6 May 2019. Today, the ODA shares closed at a price $0.090 (+9.756%) with a market capitalization of circa $9.18 million as on 7 May 2019.
All the above mentioned stock have made strong strategic progress in the recent past which is why these stocks are gaining investors attention.
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