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The below mentioned two stocks have witnessed a significant increase in their share price today (i.e., 25 February 2019). Letâs take a closer look at the recent updates of these two stocks:
CommsChoice Group Limited (ASX:CCG)
Information and technology company, CommsChoice group Limited (ASX:CCG) has recently released a market Update for 13 Weeks to 31 December 2018. In the December quarter (Q2 FY19), the company has reported revenue of $6.0 million which is made up of recurring revenue of $4.5 million and upfront installation revenue of $1.5 million. In Q2 2019, the new sales orders were strong, and it is expected that these orders will contribute $1.0 million in additional annualized recurring revenue.
The Company is building its operational capability on the back of integrating five businesses into one and focus on developing the company's sales team and sales pipeline development. During the quarter, the company received a large order from an existing client to expand and upgrade its existing SD-WAN network, validating the companyâs technology and strategy. In the December quarter, the company achieved a significant milestone with the completion of its financial integration. The Company now has NetSuite deployed across the consolidated business and have established CommsChoice Operations Pty Ltd as the main trading entity. The company is expecting to achieve overall integration by the end of FY 2019.
At the end of December 2018, the company had a strong balance sheet with $1.3 million in cash and no debt.
Meanwhile, in the last six months, the share price of the company decreased by 56.67% as on 19 February 2019. CCGâs shares last traded at $0.099 (+52.308% intraday) with a market capitalization of circa $7.07 million as on 25 February 2019. It has 52 weeks high of $0.245 and 52 weeks low of 0.060.
Nelson Resources Limited (ASX:NES)
Mining Company, Nelson Resources Limited (ASX:NES) has recently announced the appointment of Mr. Warren Hallam as Non-Executive Chairman and Mr. Stephen Brockhurst as Non-Executive Director to the Board. During the December 2018 Quarter, the company commenced a drilling program at its Yarri project post an evaluation of all available data conducted in the September quarter. During the quarter, the company completed 41 RC holes totaling 5303 metres of Reverse Circulation drilling at its Yarri Project. The drilling program at the Yarri Prospects has returned excellent high-grade gold results from several drill targets.
In January 2019, the company applied for new tenements E28/2873 and E28/2874 in the vicinity of the companyâs Socrates and Grindall projects. These tenements include a substantial portion of the historic Sipa and Newmontâs Woodline project and fully incorporates the Redmill project. As of 31 December 2018, the company had a cash balance of A$1.714 million.
Meanwhile, in the last six months, the share price of the company decreased by 33.33% as on 21 February 2019. NESâs shares last traded at $0.150(+25% intraday) with a market capitalization of circa $5.47 million as on 25 February 2019. It has 52 weeks high of $0.210 and 52 weeks low of $0.090.
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