Why Are These 4 Stocks Under Focus Today - BIT, GXY, ECT And SAS

  • Nov 16, 2018 AEDT
  • Team Kalkine
Why Are These 4 Stocks Under Focus Today - BIT, GXY, ECT And SAS

Some stocks have seen significant movement at the end of the week and have come under the investor’s eyes. As ASX traded flat on November 16, 2018, lets find out why these stocks came under focus.

BIOTRON LIMITED (ASX: BIT) – Biotron’s strategy is to systematically grow the value of the Company work towards a commercial outcome for shareholders. The Company has continued with its key Phase 2 trial (BIT225-009) of BIT225 for HIV-1 infection during this current financial year. The operating loss of the Company for the financial year after income tax was $1,593,645 as compared to 2017 loss of $3,093,405 following which no dividend has been paid or declared since the end of the previous financial year. The company recently reported positive news from the HIV-1 Phase 2 trial. The company has negative earnings per share (EPS) of -0.004 AUD. With a market capitalization of $128.15 million the company’s shares traded at $0.210 as on 16 November 2018. 

GALAXY RESOURCES LIMITED (ASX: GXY) – As at 30 June 2018, the group has enough cash resources the group had cash and cash equivalent of $ 45.12 Mn with zero debt for the ongoing projects and optimization initiatives to take care of the funding requirements. The number of short positions reported attributed to 20.05%, in terms of its shares held short. The stock has a price to earnings (P/E) ratio slightly on a higher side of 42.580 and earnings per share (EPS) of 0.061 is better among the peer group. The stock has a market capitalization of ~1.06 billion till date. As at November 16, 2018, the stock was up by 0.383%, to trade at a market price of $2.620. The stock has seen a performance change of 12.02% in the past one month.

ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED (ASX: ECT) – Company suggested that the voluntary suspension remains in place until an announcement is made by the company in accordance with Listing Rule 17.2. Compared to 30 June 2017 loss of $4,357,282, the loss for the consolidated entity after providing for income tax amounted to $5,133,685 following which there were no dividends paid, recommended or declared during the current or previous financial year. Compared to 2017 net current liabilities of $311,162, the net current assets at the reporting date of $145,046. The stock has witnessed a performance change of 55.56%, over the past 12 months period, the stock is trading flat at $0.014 as at November 16, 2018.

SKY AND SPACE GLOBAL LTD (ASX: SAS) – The company has increased its exposure within the South American region by signing binding MoU agreements with two Brazilian telecom providers. The income for group has gone up from $54,376 in 2017 to $71,454 in 2018. However, the company posted a net loss of $8.3 million which is lesser compared to the loss of $14.8 million in 2017. The result of which during the financial year dividends have not been paid or declared for payment which is also represented by the negative earnings per share (EPS) of (0.005) AUD. Compared to the 2017 cash of $9.94 million as at June 30, 2018 the company has a cash at bank of approximately $8.9 million with no debt facility. The stock of SAS had a flat daily price change and traded at a market price of $0.063, as at November 16, 2018, and over the last twelve months period it has witnessed a performance change of -64.38%.


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