Let’s Know About These Stocks - FGO, RIE, 4DS And GAS

Flamingo Ai Limited (ASX: FGO) Flamingo AI Limited forms a part of Information Technology sector which provides virtual assistant artificial intelligence platform for selling a financial product. It is a penny stock as the stocks hold a market capitalization of A$15.68 million. This stock has maintained a consistency of giving a negative performance since its inception. Today after the company announced its contract with Nationwide for using its AI intelligence application LIBBY, the share price of the company spiked by 35.714% which is equivalent to 0.005 points ahead of previous day’s closing price.  With the market open on 14 December 2018, the market price of the share was A$0.017. The day’s highest price was A$0.024, and it reached as low as A$0.016. By the end of the trading on 14 December 2018, the closing price of the stock was A$0.019. Riedel Resources Limited (ASX: RIE) Riedel Resources Limited (ASX: RIE) forms a part of the metals and mining sector which is into the business of exploiting technology metals used in electric vehicles and mobile devices in European markets. This stock is categorized under penny stock, as the stock has a market capitalization of A$6.27 million. Overall, the performance of the stock remains negative. However, the past five years, the performance of the company was 75.92%. After that, there is a consistent negative performance. Although there is no recent update from the company, however, as a result of uncertainty, the share price of RIE increased by 20% which is 0.003 points above the previous day’s closing price. The closing price of the share on 14 December 2018 was A$0.018. 4DS Memory Limited (ASX: 4DS) 4DS Memory Limited (ASX: 4DS) forms a part of the information technology sector which is into the business of creating electronic memory storage. This stock is categorized under penny stock, as the stock has a market capitalization of stock A$43.99 million. After the listing of 4DS on ASX, the stock has given a consistent negative performance. After the response of the company to ASX price query, there was a positive impact seen on investors who led the price of the share increase by 4.762% which 0.002 points ahead of the previous day’s closing price. With the market open on 14 December 2018, the market price of the share was A$0.044. The highest price recorded for the day was A$0.056. The lowest price for the day was A$0.044 with around A$43.99 million shares trading on ASX today. State Gas Limited (ASX: GAS) State Gas Limited (ASX: GAS) forms a part of the energy sector. This stock is categorized under penny stock, as the stock has a market capitalization of the stock is A$97.06 million. The stocks of the State Gas have consistently given a positive performance on ASX. Since the State Gas got listed on ASX, its performance was 105.71%. Its last one-year performance was 92%. A positive response was seen in the share price on 14 December 2018, after ASX receives a response from the company which led to the share price increase by 25% which is towards the 52 weeks high price which 0.180 points ahead of yesterday’s closing price. By the end of trading on 14 December 2018, the closing price of the share was A$0.900.

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