3 Most Discussed Stocks For The Day - IAU, B2Y And LCM

February 12, 2019 07:45 PM AEDT | By Team Kalkine Media
 3 Most Discussed Stocks For The Day - IAU, B2Y And LCM

Intrepid Mines Limited

Intrepid Mines Limited (ASX:IAU), headquartered in Newcastle, is engaged in the exploration of base metal properties in Australia. The company has a market capitalisation of AUD 14.06 million with approximately 13.79 million outstanding shares. With the close of the trading session on February 12th, 2019, the IAU stock was trading at a market price of AUD 0.350, down 65.686%, indicating an intra-day loss of AUD 0.670. Around 42,802 volume of shares were traded in total. In the past six months, the stock has mostly displayed an uptrend and yielded a return of 30.77%. However, the stock has generated a negative YTD return of 5.56%.

Recently, the company terminated its substantial stake in AIC Resources Limited and released an update that the sale of the Mumbwa and Kitumba Copper projects located in Zambia, according to the share sale agreement entered in September 6th, 2018, is now unconditional and due for completion on February 14th, 2019.

The net increase in cash and cash equivalents for the quarter ended December 2019 stood at AUD 13.03 million including cash outflows from operating and investing activities.

Bounty Mining Limited

The Sydney-based Bounty Mining Limited (ASX:B2Y) is an underground hard coking coal mine operator and premium coal project developer in Australia. It has a specialisation in bord and pillar underground coal mining. Some of the ongoing projects include Minyango, Wongai, Cook North in Queensland.

The company has a market capitalisation of AUD 35.43 million and approximately 385.15 outstanding shares on the ASX. With the close of the last trading session on February 12th, the B2Y stock traded at a market price of AUD 0.115, up 25%, indicating an intra-day gain of AUD 0.023. Around 1.79 million volume of shares were traded. The stock has generated a negative YTD return of 6.12%.

As per the cash flow report for the quarter ended December 31st, 2018, the company had net cash and cash equivalents standing at AUD 3.01 million, on account of high inflows from financing activities at AUD 13.89 million compensating for the cash outflows from operating and investing activities. The quarter also witnessed strong USD coal prices accompanied by a weak Australian dollar.

Logicamms Limited

Logicamms Limited (ASX:LCM), established in 1988 and based in Brisbane, provides intelligent engineering solutions like consultancy, project delivery, asset performance and maintenance services to clients across three key industries including Minerals and Metals; Hydrocarbons; And Infrastructure. It has operations in Papua New Guinea, Brazil, South Africa, Australia, New Zealand and other countries worldwide.

The LCM stock has a market capitalisation of AUD 12.76 million and approximately 82.33 million outstanding shares. With the close of the trading session on February 12th, the stock last traded at a market price of AUD 0.175, up 12.903%, indicating an intra-day gain of AUD 0.020. Around 74,000 volume of shares were traded. Moreover, in the last six months, the stock was mostly down with a negative return yield of 27.91%. However, it has generated a YTD return of 29.17%.

The company posted annual revenues at $ 81.75 million for the financial year 2018 despite earthquakes and organisational restructuring at Origin Energy. The statutory net loss stood at $ 0.8 million, down from $ 23.6 million in the previous year. The hydrocarbons sector accounted for 43% of the revenue i.e., $ 35.2 million and the Minerals and Metals sector accounted for 29% of the revenue at $ 23.7 million, up from previous years’ figure of $ 22.1 million. Plus, the end of the FY2018, the company report projects worth $ 30.8 million in its basket. Moreover, the annualised cost savings were recorded at $ 10.5 million from restructuring that occurred in FY2017.


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