The below-mentioned four stocks have witnessed significant improvement in their share prices during the intraday trade. Let’s take a closer look at these stocks individually.
CAQ Holdings Limited (ASX: CAQ)
CAQ Holdings Limited (ASX: CAQ) is primarily involved in the leasing of an investment property in the Haikou Free Trade Zone in People’s Republic of China (“PRC”) and jewellery trading. Today, the company announced that it has executed a Joint Venture Agreement with Mission Hills to jointly develop a cross-border e-commerce business in China. Under this joint venture agreement, both the companies will work together to develop the online cross-border e-commerce platforms and offline cross-border e-commerce experience outlets.
Mission Hills New City Development (Source: Company Reports)
Today, the company’s share price increased 75% during the intraday trade. On 30th May 2019, the stock ended its day’s trade at a price of $0.035, with a market capitalisation of circa $14.36 million.
Jayex Healthcare Limited (ASX: JHL)
The shares of Jayex Healthcare Limited (ASX: JHL) were up 31.579% during the intraday trade. However, the company’s shares were paused from trading in the afternoon session and later, they were put back in the trading halt at the request of JHL. The trading halt was requested to enable the company to respond to a price query letter (Price Query Letter) received today from the ASX.
In the past six months, JHL’s shares have yielded a return of 80.95% as on 29th May 2019. JHL’s stock last traded at $0.050, with a market capitalisation of circa $6.37 million.
Frontier Resources Ltd (ASX: FNT)
Innovative and socially responsible mineral exploration company, Frontier Resources Ltd (ASX: FNT) recently announced that its ongoing review of historical reports and data within its 100%-owned EL2531 Tolukuma tenement has identified significant gold targets from the trench, soil and stream sampling that require additional follow?up drilling and fieldwork.
Location Map of Tolukuma Project (Source: Company Reports)
The company is focused on the exploration of near mine Tolukuma gold project and is currently seeking joint venture funding for its two additional 100%-owned porphyry copper?gold?molybdenum and epithermal gold projects.
The share price of Frontier Resources Ltd was up 20% during the intraday trade. FNT’s stock last traded at $0.012, with a market capitalisation of circa $4.89 million.
Patrys Limited (ASX: PAB)
A therapeutic antibody development company, Patrys Limited (ASX: PAB) has gained further data to support its lead candidate, PAT-DX1, which could suppress tumor growth in patients with triple-negative breast cancer (TNBC) brain metastases. The company reported that a limited dose of PAT-DX1 has enhanced the efficacy of low dose radiation therapy, which is very encouraging news for the company and its shareholders.
The pre-clinical study was conducted to compare the effects of:
- PAT-DX1 alone
- PAT-DX1 in combination with low dose radiation
- Low dose radiation alone
Along with Yale School of Medicine, the company will further explore the interactions between different radiation and PAT-DX1 dosing regimens.
PAB’ share price increased by 7.407% during the intraday trade. In the last six months, the stock of Patrys Limited has provided a return of 12.50%. PAB’s stock last traded at $0.029, with a market capitalisation of circa $28.96 million.
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