Walkabout Resources Ltd
Walkabout Resources Ltd (ASX: WKT), a metals and mining sector player based out of West Perth, is engaged in the exploration and development of resources and energy assets across Tanzania, Namibia, and Northern Ireland. Its flagship asset is the 100% owned Lindi Jumbo Graphite Project in South East Tanzania. With a market cap of ~ AUD 88.23 million, the WKT stock ended the day’s trading at AUD 0.290, shooting up 11.54% on May 7th, 2019. Today, on May 8th, the stock is trading flat at AUD 0.290 (As at 12:15 PM AEST). WKT’s YTD return is also high and positive at 215.22%.
Recently, Walkabout informed that it had finalised a placement and received commitments to raise $ 3.1 million (13,484,956 shares at a price of AUD 0.23c) to assist with the funding of an integrated international project “early-start” program, to commence procurement, manufacturing and siteworks for the Lindi Jumbo Graphite Project. The Project has commenced in China, Tanzania and Perth. The Ore Reserve at the project has been updated at 5.5 million tonnes @ 17.9% TGC in the Definitive Feasibility Study (DFS) published during the quarter ended March 31st, 2019.
Kingwest Resources Limited
Kingwest Resources Limited (ASX: KWR) is engaged in the exploration, drilling, and processing of gold deposits in Australia. The mining sector player has a market capitalisation of around AUD 7.62 million with ~ 50.81 million outstanding shares. With the end of trading session on May 7th, 2019, the KWR stock closed at the last price of AUD 0.150, zooming up 25% by AUD 0.030, with ~ 50,000 shares traded. Today, on May 8th, the stock is trading flat at AUD 0.150 (As at 12:15 PM AEST).
As per Kingwest Resources’ quarterly activities report for the three months to March 31st, 2019, the company was primarily focussed on RC drilling at the advanced projects in its portfolio. The drilling commenced at the King of the West, Gambier Lass North and Crawford Projects and was scheduled to be completed by mid-April with all assays returned by mid-May. The Crawford deposit containing in excess of 100,000oz of Inferred Resource is open along strike and provides a solid platform to grow the company’s gold inventory. The net cash balance at the end of quarter stood at AUD 2.47 million.
Wisr Limited (ASX: WZR) offers personal loans, an exclusive credit comparison service via Wisrcredit.com.au, content, apps, and other related products to Australians including borrowers, investors and normal consumers. It is committed to the financial wellness of its clients. With a market cap of around AUD 85.31 million, the WZR stock closed the day’s trading at AUD 0.125, shooting up 28.86% by AUD 0.028 on May 7th, 2019. Today, on May 8th, the stock is trading flat at AUD 0.125 (As at 12:15 PM AEST). WZR’s YTD return of 197.62%, is both positive and high to date.
On April 30th, 2019, the company announced its business update for the third quarter of FY2019 (Q3FY19), whereby it reported a record growth in the new loan originations to $ 18.8 million, which represents a 293% rise in the quarterly loan origination value relative to the prior corresponding period (Q3FY18) and was also up 11% on the value as of Q2FY19. During the concerned period, Wisr also completed an oversubscribed share placement which raised around $ 15 million to accelerate its planned growth initiatives. The closing cash balance for the quarter stood at AUD 1.78 million.
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. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.
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.