As China’s output slows down, the ASX starts the year on a volatile note with the week ending close to 5600 levels. Australian shares have followed Wall Street as it slips to be trading lower. Few stocks were the discussion point during the first week of the year in the market.
RESONANCE HEALTH LIMITED (ASX: RHT) – With Wisconsin Alumni Research Foundation for the use of numerous patents owned by WARF, the company is happy to announce that it has executed a Non-exclusive License Agreement. For measuring proton density fat fraction from MRI images, the License Agreement allows the company to use the Licensed Patents for the commercialization and development of new and alternative methods.
For liver iron concentration measurement, the company already provides the global gold-standard with its regulatory approved FerriSmart and FerriScan products along with its regulatory approved HepaFat-Scan. The stock price traded lower by -6.383% at $0.088 after CSL dragged the market lower as at 4 January 2019.
BRAINCHIP HOLDINGS LTD (ASX: BRN) – The leading neuromorphic computing company provides an update on the development and commercialization of the company’s video analytic technology with Gaming Partners International. Targeted for production release in January 2019 is the video analytic system. With an advanced visual identification system based on BrainChip’s technology, the system combines GPI's exclusive and innovative SMART RFID technology. Also, by June 2018 for a License Agreement BrainChip invoiced SN Tech US$609,251 for deployment at the Lockport School District in New York state in September 2018. The stock price edged lower by -4.348% at $0.088 after the overall market sentiment being skeptical, as at 4 January 2019.
VECTOR RESOURCES LIMITED (ASX: VEC) – Concerning the company’s quoted securities, the company has put a trading halt with the acquisition of the Adidi-Kanga Gold Project in the Democratic Republic of Congo, pending an announcement by the company on 31 December 2018. Proposed to be used by the company to fund the Adidi-Kanga Gold Project acquisition, potential future development activities and Definitive Feasibility Study, the Vector Board, has accepted a US$35m committed offer of funding from Dubai-based FT General Trading LLC. The stock has undergone a performance change of 5.26% in the past month. However it traded flat at $0.020 on the average performance of mining stocks on the ASX, the company has a market capitalization of $28.19 million as at 4 January 2019.
THE A2 MILK COMPANY LIMITED (ASX: A2M) – The company recently announces the David Hearn as Chairman of the a2 Milk company to support the company’s business in the UK and Europe in a limited executive role as part of the organizational announcements. With early retirement of General Manager International Development and Head of Business Development, the company has new senior leadership in place. The stock has a P/E of 42.410 which is on a higher side and EPS of 0.248 AUD. The stock has undergone a performance change of 41.32% in the past twelve months. However it edged lower at $10.100 on the overall market volatility on the ASX, the company has a market capitalization of $7.7 billion, as at 4 January 2019.
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There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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