4 Small-Cap Stocks Moving Up - KPO, GBE, VRM And E25

  • Nov 29, 2018 AEDT
  • Team Kalkine
4 Small-Cap Stocks Moving Up - KPO, GBE, VRM And E25

As the ASX is edging higher on a positive note from the west and is closing in green, some of the small caps took notice and are moving up on the index. Four of the small-cap category stocks worth looking at are:

KALINA POWER LIMITED (ASX: KPO) – As at June 30, 2018, the cash reserve available for utilization of the company stands at A$3.06 million and the enterprise value at A$10.6 million. Kalina Cycle is up to 40% more efficient at lower and variable heat temperatures and is competitive with ORC at all temperatures. The company’s significant performance advantages from Kalina Cycle generates 40% additional power using the gas turbine waste heat. Various projects of the company are expected to deliver attractive financial returns with levered rate of return on equity with 60% debt to be 19.3%. The company raised $3.88m during the financial year, from the exercise of options before costs which is fully underwritten and a further $0.27 million from issue of new shares. The share price of the company surged by 26.667% to reach $0.019 as at November 29, 2018 and has witnessed a performance change of -25.00% over the past six months.

GLOBE METALS & MINING LIMITED (ASX: GBE) – Industry reports forecast that the usage of niobium in steel production should increase by about CAGR 12% over the next decade. The cash and cash equivalents at 30 June 2018 of $9.339 million and represents a decent balance sheet with no debt on hand. To date a total of 2,000,000 options are on issue - 1,000,000 exercisable at $0.20 on or before 30 June 2019 and 1,000,000 exercisable at $0.25 on or before 30 June 2020. However, the consolidated loss after providing for income tax of the group for the year ended 30 June 2018 amounted to $1.354 million slightly lower than 2017 loss of $1.651 million. The share price of the company surged by 21.429% to reach $0.017 as at November 29, 2018 which is near its 52-week high and has witnessed a performance change of -12.50% year to date.

VERDANT MINERALS LTD (ASX: VRM) – The company is working in two stages - Stage 1 includes initial production of 1 Mtpa rock concentrate and enabling infrastructure and stage 2 is an expansion to 2 million tons per annum of rock concentrate after year 5 of production. Total revenue expected is $8,625 million. The consolidated entity recorded a loss after tax of $2,714,209 after impairment and write downs of $1,073,317 in exploration costs as compared to 2017 loss of $3,086,274. The cash and cash equivalents at the end of the year are of $2,490,249 and no debt reflecting decent balance sheet. The market capitalization at current price is $16.56 million. The share price of the company surged by 6.667% to reach $0.016 as at November 29, 2018 which is near its 52-week low and has witnessed a performance change of -44.44% for the year.

ELEMENT 25 LIMITED (ASX: E25) – The company has made cash and investments as at October 31, 2018 of approx. $10.5 million as at October 31, 2018. The company disposed of the Holleton Project for $1M in cash and a 1% net smelter royalty on all future production from Holleton, the enterprise value of $5 million, after the financial year end. The group began the financial year with a cash reserve of $4,175,060, during the year total tenement acquisition and exploration expenditure incurred by the group amounted to $1,632,873 as compared to 2017 of $1,492,785. As at 30 June 2018, surplus funds available totaled $2,194,663. The share price of the company surged by 5.405% to reach $0.195 as at November 29, 2018 and has witnessed a performance change of -22.92% for the year.


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