3 Mineral Stocks- AMD, CXO, 4CE

  • Jan 08, 2019 AEDT
  • Team Kalkine
3 Mineral Stocks- AMD, CXO, 4CE

Arrow Minerals Ltd (ASX: AMD)

Arrow Minerals Ltd (ASX: AMD) is a Mineral and exploration company which is having 100% interest in Strickland Gold Project in Western Australia which covers more than 100 strike kilometers of greenstone belts. The company recently announced the results from the recently completed ground induced polarization (IP) and resistivity survey at the T1a and T2b Prospects within the 100% owned Strickland Gold Project. The IP and resistivity survey have defined high priority drill targets at T1 and T2 Prospects.

In the past six months, the share price of AMD decreased by 23.81 percent as on 7 January 2019. AMD’s shares traded at $0.015 (-6.25 intraday) with a market capitalization of circa $5.03 million as on 8 January 2019 (AEST 4:00 PM).

Core Lithium Ltd (ASX: CXO)

Emerging Australian lithium developer, Core Lithium Ltd (ASX: CXO) recently issued 48 million fully paid ordinary shares at an issue price of $0.05 per share under a placement. In December 2018, the company announced Positive Assay Results from Lees-Booths Link and Hang Gong Prospects which demonstrated that these prospects are having the potential to host large lithium deposits. In FY 2018, Core Lithium Ltd reported a net loss of $2.09 million and Basic and diluted loss 0.43 cents per share.

In the past six months, the share price of Core Lithium Ltd increased by 13.04 percent as on 7 January 2019. CXO’s shares traded at $0.054 (+ 3.846% intraday) with a market capitalization of circa $35.46 million as on 8 January 2019.

Force Commodities Limited (ASX: 4CE)

Lithium Producer, Force Commodities Limited (ASX: 4CE) recently announced regarding the intersection of high-grade lithium mineralization at Kanuka Lithium Production Project after receiving the assay results from the Company’s Phase 1 RC drilling program. The assay results have indicated that there is a presence of widespread, from-surface, multiple stacked and parallel, high-grade lithium mineralized pegmatites. The results have identified a very significant, shallow and broad lithium mineralized system over a width of 1.4 kilometers which confirms that Kalombo Mushwima Prospect is highly prospective.

As at 30 September 2018, Force Commodities Limited was having net cash used in operating activities of $773k and net cash used in investing activities of $16k. At the end of September quarter, the company had cash and cash equivalent of $1.18 million.

In the last six months, the share price of Force Commodities Limited decreased by 73.08 percent as on 7 January 2019. 4CE’s shares traded at $0.014 with a market capitalization of circa $5.93 million as on 8 January 2019 (AEST 4:00 PM).


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