3 High Flying Stocks - IXU, AR9 And E2M

March 06, 2019 07:00 PM AEDT | By Team Kalkine Media
 3 High Flying Stocks - IXU, AR9 And E2M

IXUP LIMITED

IXUP Limited (ASX:IXU) is based in Sydney, Australia and engaged in the development and commercialisation of its proprietary software platform that enables multiple parties to connect sensitive data, collaborate securely, and derive actionable insights for competitive advantage. IXUP has a market of AUD 16.64 million with approximately 158.44 million outstanding shares. At the end of the trading session on March 6th, 2019, the IXU stock closed at a market price of AUD 0.130, zooming up by 23.81%, indicating an intra-day gain of AUD 0.025. IXU has generated a negative YTD return of 4.55% so far, but the share price has increased by 10.53% over last one month.

As per the company’s interim financial results and activities report for the half-year ended December 31st, 2018 (H1 FY2019), there was a significant rise in brand awareness and demand due to ongoing partnerships with Finity and Servian with more potential partnerships in the pipeline. The revenue from ordinary activities was recorded at $ 90k, up 80% on the prior corresponding period (pcp) ended December 31st, 2017. The total net loss after tax decreased by $ 2.3 million (42%) to $ 3.182 million.

ArchTis Limited

ArchTis Limited (ASX:AR9) is a Canberra-based cybersecurity company established in 2006. It operates through two key business segments- Established services offering consulting and system integration services to government clients, and Solutions business managing the Kojensi suite of technology products. ArchTis is another small cap with AUD 9.97 million. At the end of the trading session on March 6th, the AR9 stock last closed at a sell-off price of AUD 0.100, also up by a major 23.457% indicating an intra-day gain of AUD 0.019. However, the AR9 stock has generated a negative YTD return of 35.20%.

The company recorded revenue of around $ 936,847 at the end of the half year of six-months to December 31st, 2018 and the loss after providing for income tax and non-controlling interest of around $ 2.152 million, up on $ 934,204 in the prior corresponding period ended December 31st, 2017. The net cash and cash equivalents stood at $ 563,328 including cash outflows of $ 3.34 million from operating activities and $ 4.823 million from investing activities, balanced over and above by cash inflows of ~ $ 7.081 million from financing activities.

E2 Metals Limited

The Melbourne-based E2 Metals Limited (ASX:E2M) explores, evaluates and develops mineral properties (gold, silver, and copper) in Australia and New Zealand. Its flagship project is the Neavesville Epithermal Gold and Silver project situated in the Huaraki goldfield, New Zealand. The company has a market of AUD 12.87 million with approximately 75.71 million outstanding shares. With the end of the market trading on March 6th, the E2M stock last closed at a sell-off price of AUD 0.200, shooting up 17.647%, indicating an intra-day gain on AUD 0.030. The E2M stock has performed well in the past one year with high positive return yields for six months at 112.50% and for three months at 153.73%.

The company recently acquired 80% interest in a highly prospective land package in the Santa Cruz and Rio Negro provinces of Argentina through a binding agreement. For the quarter ended December 31st, 2018, the net cash and cash equivalents amounted to AUD 3.115 million with cash outflows from operating and investing activities.


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