The S&P/ASX 200 is above 5700 levels and all ordinaries above the 5700 as well, to a new one month long high after the trade talks continued. In the day’s rally few of the stocks came under discussion, let's take a quick look at them.
PURIFLOH LIMITED (ASX: PO3) – Somnio Global of Detroit the research and development partner of Purifloh have focused on solving these issues of production and deployment and have progressively advanced the technology – supported by lengthy operating trials to the stage where the production capabilities are proven and robust.
The company plans in the first half of 2019 to complete a Licensing Agreement and field trials of the recreational water system at that time. The stock price is currently very close to its 52-week high and is trading at $5.120. The market cap at the current prevailing price is $147.19 million.
GALAXY RESOURCES LIMITED (ASX: GXY) – Galaxy has undertaken a comprehensive evaluation of strategic options throughout the second half of 2018 about Sal de Vida project to maximize Project value. The project is already significantly de-risked from a financial perspective after the completion of the POSCO transaction for US$280 million. With the appointment of several specialists, the Sal de Vida Project team has been further strengthened. The stock price is currently close to its 52-week low and is trading at $2.290. The market cap is $921 million at the current price. Galaxy has a P/E of 36.870 and EPS and sound financials among the peer group.
AVZ MINERALS LIMITED (ASX: AVZ) – The resource growth on the company’s updated Mineral Resource announced in late November 2018 is confirmed by AVZ’s infill and extensional drilling at Roche Dure which identifies additional high-grade lithium and tin mineralization Work is continuing with scoping studies for 5 and 10 million tonnes per annum scenarios. The company at prices ranging from 7c to 25c carefully executed several equity raisings during FY18 for a total of $28m. The stock price is currently close to its 52-week low and is trading at $0.075. The market cap is $139.75 million at the current prevailing price.
LYNAS CORPORATION LIMITED (ASX: LYC) – In respect of the decision communicated in a MESTECC press statement Lynas Malaysia last week, it has filed an appeal under the Atomic Energy Licensing Act 1984. A new condition subject to the renewal of Lynas Malaysia’s operating license has been imposed which is due on 2 September 2019, and the new condition requires that the export of Lynas Malaysia’s Water Leach Purification residue before 2 September 2019 to be out of Malaysia. The stock price is currently close to its 52-week low and is trading at $1.625. Lynas has a P/E of 18.270 and EPS of $0.088 which compares well among the peer basket. The market cap is $1.08 billion at the current prevailing price.
BIOTRON LIMITED (ASX: BIT) – The company recently announces new issue application for quotation of 200,000 fully paid original shares. To bring the current cash balance to $7.1 million the application of options has raised a total of $4.7 million as at 30 November 2018, as advised by the company to the market in early December. The company has injected enough funding to maintain themselves in a strong position. The company gives data from the BIT225?009 trial in late November in Miami, Florida USA at the HIV DART and Emerging Viruses 2018 conference. The stock price is currently close to its 52-week low and is trading at $0.125. The market cap is $80.29 million at the current prevailing price.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.