The performance of the stocks is like a sine wave; ups and downs are depending on the market conditions. The timing thus plays an important role in making the most out of your invested stocks. In the current economic uncertainty, it becomes crucial to know specific information about the stocks, here are four stocks mentioned and what you need to know about them.
STRIKE ENERGY LIMITED (ASX: STX) – Strike confirms rig secured for Warrego’s W-Erregulla-2 well and an increase in Prospective Resource. The company as operator of EP469 has reported the completion of a collaboration with another Perth Basin Operator. On the West Erregulla-2 well the company is to fund the first A$11,000,000 of expenditure, as a part of its farming agreement with Warrego. The EP469 JV with the EW106 being one of the heavily sought after for work in other basins throughout Australia and the largest and most powerful land rigs in the country this is a major achievement for Strike. The company’s stock price fell by -3.409% to $0.085. The stock has a high P/E of 44.00 and can expect growth in the future, and the EPS is of 0.002 AUD.
TANDO RESOURCES LIMITED (ASX: TNO) – The company is happy to announce outstanding magnetic concentrate results which demonstrate the high-grade nature of its SPD Vanadium Project. At a whole rock grade of 0.78% V2O5, the SPD Vanadium Project has an Inferred Mineral Resource of 588 million tonnes. With high mass recovery first assays from Davis Tube separation of SPD drill samples yields concentrate more than 2% V2O5 over thick zones. It is increased to above 40% in higher grade zones, excellent mass recovery across mineralized intervals. The company’s stock price is up by 6.818% to $0.094, and in the past year, the stock has witnessed 42.62% performance change. However, the EPS is -0.014 AUD.
CONNEXION TELEMATICS LTD (ASX: CXZ) – The OnTRAC fleet management software for General Motors Courtesy Transportation Program has been launched, custom-made and is now in operation. Including 58,357 for the GM CTP program and a further 11,548 enrolments for the Cadillac Courtesy Transportation Alternative, the company has now over 69,905 registrations for OnTRAC to date. Since the October announced figure of 23,000+ vehicles the uptake of registrations has significantly accelerated. The growth of CL (Commercial link fleet management) has increased by 45% since October and now sits at 4,329 subscriptions. The company’s stock price fell by -17.647% to $0.014. The stock has a high P/E of 24.290, and the EPS is of 0.002 AUD.
CIRRUS NETWORKS HOLDINGS LIMITED (ASX: CNW) – For the provision of storage services to a significant Federal government agency the company is pleased to announce that it has entered into storage as a service contract. Providing for Cirrus to design, implement and support the agencies primary and secondary data storage, the contract is for an initial 3-year period with optional extensions. The contract is to meet high performance and availability requirements across the platform, and the total value of the contract over the term is expected to be more than $5 million. The company’s stock went up by 5.882% to $0.018 close to its 52-week low. The stock has a low P/E of 5.000, and the EPS is of 0.003 AUD.
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