4 Stocks Under Discussion - CLA, AVZ, AJM And ANW

  • Nov 06, 2018 AEDT
  • Team Kalkine
4 Stocks Under Discussion - CLA, AVZ, AJM And ANW

The market climbs 50 points to reach at a two-week high and some of the stocks became the talking point on the ASX. The markets seem to be favoring the resources sector stocks, let’s take a sneak peek at the 4 stocks which are liked by investors.

CELSIUS RESOURCES LIMITED (ASX: CLA) – As at Tuesday, 6 November 2018, Celsius Resources Ltd is lifted from the commencement of trading. As at November 6, 2018, the stock traded and fell by as much as 27.619% to a market price of $0.076 and over the past 12 months has undergone a performance change of 47.89%. After providing for income tax and eliminating non-controlling equity interests, the loss of the company amounted to $2,790,788 while it was $781,822 in 2017. The current assets of the company are at $13.926 million and current liabilities at $776,931 which reflects the company’s ability to pay off the short-term obligations. The stock has negative earnings per share (EPS) of -0.005 AUD which symbolizes the restrained profit. 

AVZ MINERALS LIMITED (ASX: AVZ) – From 165.2m down-hole at the Roche Dure Pegmatite, AVZ Drills 221.83m at 1.53% Li2O & 848ppm Sn. Also, changing from $20,432 in 2017, the revenue increased to $169,121 in 2018. However, the total comprehensive loss of the year in 2018 was $3,237,829, which has increased from the pcp. With zero or no debt, the company had a cash and cash equivalents balance of $16.34 million as at June 30, 2018, representing a healthy balance sheet. Restraining the profitability of the company, the earnings per share (EPS) of -0.003 AUD is negative. As at November 6, 2018, the stock of AVZ Minerals traded at a market price of $0.086 which is near 52-week low after lower lows, it has witnessed a performance change of 111.13% since inception.

ALTURA MINING LIMITED (ASX: AJM) - Located at Pilgangoora in the Pilbara region of Western Australia, Altura owns and operates its world-class Altura Lithium Project. The net assets of the consolidated group increased in 2018, with noncurrent assets significantly higher due to the construction phase of the Lithium Project. LOM revenue of A$4.377B and LOM EBITDA of A$2.473B is over the estimated 13-year mine life. The net present value is at A$834.6 million which is post-tax nominal basis, at a 10% discount rate. Down by -5.263 percent, the stock has slipped lower to trade at $0.180 as at November 6, 2018 which is trading at its 52-week low. Since inception the stock it has witnessed a performance change of 164.75%.

AUS TIN MINING LTD (ASX: ANW) – The company has commenced a drilling program at Mt Cobalt and Pembroke west of Gympie, following a protracted delay with the drilling contractor mobilizing to site. The loss after income tax for the Group, for the year ended 30 June 2018 was $3,007,536 compared to the loss in 2017 of $1,860,934 with this there was no dividend declared or paid. The company had cash and cash equivalents at the end of the financial year June 30, 2018 was of $790,307 which improved from the previous corresponding year reflecting better performance and operational activities. As at 30 June 2018 the Group had net current assets of $842,845 and net assets of $10,227,190. The stock has surged up by 5.556 percent, to trade at $0.019 as at November 6, 2018.


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