Emerge Gaming Limited
Emerge Gaming Limited (ASX: EM1), based in Subiaco, Australia offers online skill-based gaming competitions in e-sports, including peer-to-peer matches and tournaments. It operates the casual gaming platform and lifestyle hub -Arcade X. With the end of the trading session on March 25th, 2019, the EM1 stock price stood at AUD 0.034, edging up by 6.25%, reflecting an intra-day gain of AUD 0.002. On the same day, the company responded to an aware query lodged by the ASX on March 21st, 2019, explaining a couple of things around the change in the price of EM1’s securities from a low of AUD 0.035 to an intra-day high of AUD 0.045 on March 21ST.
Recently, Emerge Gaming commenced preparations to launch Cloudzen Pte Ltd.’s GameCloud technology in 2019 and has been working to identify key regions to target for the pilot rollout. The partnership will provide access to the USD 140-billion-dollar global game industry. Prior to this, the company executed a collaboration and distribution agreement with a fellow gaming industry player, iCandy Interactive Limited for its iLeague Platform.
The Northbridge, Australia-based Nuheara Limited (ASX: NUH) is a global audio wearables company that offers hearing devices such as IQbuds BOOST with Ear ID hearing buds and IQbuds wireless earbuds. On March 25th, 2019, the last sell-off price of the NUH stock dived by 14.49% to AUD 0.059, indicating an intra-day fall of AUD 0.010. This follows a recent announcement by the company’s UK distributor Puretone, concerning the re-categorisation of IQbuds BOOST™ as a hearable under the niche innovation category from a hearing aid/accessory as per the amendments introduced by England’s National Health Service.
Of late, the company got recognition as a leader in the self-care market, and its CEO was recently invited to present at the world’s leading consumer healthcare conference organised by the Consumer Healthcare Products Association.
For the half-year ended December 31st, 2018, Nuheara recorded total revenue of $ 1.42 million and IQbuds BOOST™ constituted 73% of all sales during the period with an average selling price above $400 per unit.
AVZ Minerals Limited
The Mount Hawthorn, Australia-based AVZ Minerals Limited (ASX: AVZ) is a leading mineral exploration company with primary operations in central Africa. AVZ has a market valuation of over AUD 98 million with approximately 2.28 billion outstanding shares. On March 25th, 2019, the AVZ stock ended the market trading at a last sell-off price of AUD 0.040, nosediving 6.98%, depicting an intra-day loss of AUD 0.003 with around 19.76 million shares traded.
Recently, AVZ Minerals’ strategic shareholder Zhejiang Huayou Cobalt Co., Ltd increased its shareholding in the company to 9.49% after purchasing additional shares on-the-market through its group company Hong Kong-based Huayou International Mining Limited to support the commercialisation of Manono Lithium and Tin Project.
As per the financial report for the half-year ended December 31st, 2018, the company posted a loss after income tax of $ 2.74 million. At the end of the period, the net assets were valued at ~ $ 64.47 million, and the net cash and cash equivalents stood at approximately $ 909,500.
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