5 Stocks Under Spotlight – AUZ, RLE, GXY, 4DS And AGY

Australian Mines Limited

The Brisbane, Australia-based Australian Mines Limited (ASX: AUZ) explores for nickel, cobalt, scandium, gold, copper and other base metal deposits; and is also engaged in the pre-development of battery metals projects. Of late, the Sconi cobalt-nickel-scandium project situated in northern Queensland is the company’s key focus. At the close of the market session on February 27th, the AUZ stock last traded at AUD 0.035, down by 5.405%, indicating an intra-day fall of AUD 0.002. It has generated a negative YTD return of 2.63%. Recently, the company raised $ 5 million before costs, from sophisticated and institutional investors through the placement of ~172.4 million fully paid ordinary shares at 2.9 cps. The proceeds will be utilised to finance the existing Bankable Feasibility Study of the Sconi project and Completion of resource expansion drilling at Flemington project in NSW, Australia. With the quarter ended December 31st, 2018, the company posted net cash and cash equivalents at $ 586.56 million. [optin-monster-shortcode id="swikrbu1d9j9aq0o4cko"]

Real Energy Corporation Limited

The North Sydney-based, Real Energy Corporation Limited (ASX: RLE) explores and evaluates oil and gas projects in Australia. Currently, the company holds 100% interest in ATP 927P and ATP 1161PA permits spanning across 2,761 km2 in the Cooper-Eromanga Basin in South-West Queensland. Real Energy has a market cap of AUD 40.72 million and ~ 301.61 million outstanding shares. On February 27th, 2019, the company declared a trading halt for the shares listed on the Australian Securities Exchange (ASX), until the release of an announcement to be published on Friday, March 1st, 2019. Prior to this, the RLE stock’s last sell-off price was AUD 0.135,up by 8% at the close of the trading on February 26th, 2019. The stock performance has been positive over the last few months with an impressive YTD return of 66.67%. At the end of the quarter ended December 31st, 2018, the total cash and available funds with the company stood at $ 3.06 million.

Galaxy Resources Limited

The Applecross-based, Galaxy Resources Limited (ASX: GXY) is primarily engaged in the production of lithium concentrate, exploration of other minerals and holds an interest in many projects across Canada, Australia as well as Argentina. It has a market cap of AUD 908.78 million on the ASX. At the close of the market session on February 27th, 2019, the GXY stock last traded at a sell-off price of AUD 2.220, down 0.448%, depicting an intra-day fall of AUD 0.010 after ~ 3.4 million volume of traded shares. It has also generated a positive YTD return of 1.83% with the stock performance exhibiting an uptrend over the last five days. Galaxy Resources reported zero debt with closing cash and cash equivalents at US$ 41.1 million at the end of the December 2018 quarter. Recently, the company finally settled the sale of a package of tenements in the northern portion of the Salar del Hombre Muerto to POSCO, whereby Galaxy will receive proceeds of USD 257 million held in Escrow plus interest accrued by February 26th, 2019, along with an additional USD 14.6 million to be paid directly by POSCO.

4DS Memory Limited

4DS Memory Limited (ASX: 4DS) is a semiconductor development company of non-volatile memory technology, based in West Perth, Australia. The company has a market cap of AUD 88.31 million with ~ 1.05 billion outstanding shares. At the close of the trading session on February 27th, the 4DS stock closed at AUD 0.078, plummeting by 7.143%, indicating an intra-day decline of AUD 0.006. Earlier on the same day, the company issued 2 million shares for $ 0.05 per share after the exercise of June 30th, 2020 unlisted options without any disclosure to the investors.

Recently, the company announced that it had successfully manufactured functional 300mm wafers in collaboration with its development partner Imec, the research and innovation hub in nanoelectronics and digital technologies. For the half-year ended December 31st, 2018, the company reported revenue from ordinary activities at $ 10,719 and total comprehensive loss attributable to members for the period at $ 2.302 million, up 11% on the corresponding prior period.

Argosy Minerals Limited

The Perth-based Argosy Minerals Limited (ASX: AGY) is another company from the metals and mining industry, engaged in the development of exploration projects for graphite, lithium, base metals, and other minerals across Australia, Namibia and Argentina. Of late, its primary focus lies in the Rincon Lithium Project spanning 2,572 hectares across mining concessions situated in Salar del Rincon, Argentina. The company has a market cap of AUD 115.44 million with ~ 923.5 million outstanding shares. At the close of the market session on ASX on February 27th, the AGY stock closed the trading at AUD 0.130, up 4%, indicating an intra-day rise of AUD 0.005. For the quarter ended December 31st, 2018, the company posted the net cash and cash equivalents of AUD 2.69 million with major outflows from operating activities. It also achieved significant milestones for the ongoing project in Argentina.


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