3 Most Discussed Stocks - AUZ, GXY And BUD

4 min read | January 30, 2019 08:16 PM AEDT | By Team Kalkine Media

Australian Mines Limited (ASX:AUZ)

Australian Mines Limited (ASX:AUZ) is in the production and supply of battery and technology metals to global markets. The company is developing world-class cobalt-scandium-nickel projects in Australia to meet the demand created by the global shift to cleaner, more sustainable energy sources.

The company has recently announced that the Sconi Cobalt-Nickel-Scandium project has been declared as a Prescribed project by the Govt. of Queensland. It will help in streamlining the progress of Sconi project through the final stages of regulatory approvals and enhance its future development.

The stock is currently trading at a price of $0.041 with a market capitalization of $118.61 million. It has yielded a YTD return of 10.53% and posted returns of -48.78%, 35.48% and 10.53% over the last six months, three months and one-month period respectively. It has a 52-week high price of $0.147 and a 52-week low of $0.030, with an average volume of approximately 13,240,466.

Galaxy Resources Limited (ASX:GXY)

Galaxy Resources Limited (ASX:GXY) is a global lithium company. The company is into the exploration of minerals and production of lithium concentrate in Australia, Canada, and Argentina. The primary focus of the company includes exploration for minerals and the production of Lithium Carbonate.

The company recently came up with its quarterly activities report for the three months ended 31 December 2018, stating the activities on several projects including Mt Cattlin Operations, Sal De Vida Project and James Bay project.

The stock, however, is currently trading at a price of $1.970 with a market capitalization of $806.9 million. It has yielded a negative YTD return of 9.59% and posted negative returns of 32.49%, 7.04% and 8.76% over the last six months, three months and one-month period respectively. It has a 52-week high price of $3.660 and a 52-week low of $1.965, with an average volume of approximately 2,361,116. The stock is trading at a PE multiple of 32.30x.

Buddy Platform Limited (ASX:BUD)

Buddy Platform Limited (ASX:BUD) provides data aggregation and management platforms for the Internet of things and connected devices. It has segments including Buddy Platform, Inc. (USA) and All Other Segments. The Buddy Platform, Inc. segment advances the Quantified Economy by providing infrastructure by which businesses and organizations can, in real time, access and analyse the data generated by connected devices. The All Other Segments offers tracking of food safety, water and air quality and health monitoring devices; surveys public spaces and urban infrastructure, and manages sensitive location, activity and health data.

On 29 January 2019, the company announced that its securities (‘BUD’) will be put on a trading halt at the request of the Company until the commencement of normal trading on 31 January 2019 or when the announcement relating to the arrangement with Digicel Group, the release of its December Quarterly 4C Review (Q2FY19), and a proposed acquisition information is updated to the market.

On the financial front, the service revenue for the company stood at $2.08 million in FY18 as compared to $1.04 million in FY17, however, the company reduced its loss Y-O-Y with $13.877 million loss in FY18 as compared to $16.946 million in FY17.

The stock however last traded at a price of $0.095 with a market capitalization of $104.1 million. It has yielded returns of -26.92%, -13.64% and 3.26% over the last six months, three months and one-month period respectively. It has a 52-week high price of $0.225 with an average volume of approximately 1,005,051.


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