Below are three stocks that have moved in opposite directions on ASX as at August 21, 2018. These have a market capitalization of less than $100 million.
4DS MEMORY LIMITED (ASX:4DS) is an information technology company involved in the creation of electronic memory storage. 4DS is a world-leading Silicon Valley based ReRAM developer with 4DS being the most advanced Interface Switching ReRAM (Resistive random-access memory). 4DS was trading at a market price of $0.115 and has seen a daily price change of $0.015 or a percentage change of 15% as at August 21, 2018. Over the past 6 months, the stock has seen a performance change of 203.03%. The cash balance at the end of the quarter under budget was A$3.8 million. With an expiry of May 10, 2018, the Company issued 5,416,667 shares following the exercise of 5,416,667 unlisted options, on 9 February 2018. The revenue for the company as at August 21, 2018 is $24.10 k in AUD while net income suffered a smaller loss of 2.57 million.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]FORCE COMMODITIES LIMITED (ASX:4CE) is under metals and mining segment and the business is into exploration for gold and base metals and lithium exploration in DRC in New South Wales. 4CE was trading at a market price of $0.032 and has seen a daily price change of -$0.008 or a percentage change of -20% as at Aug 21, 2018. Over the past 12 months, the stock has seen a performance change of -41.18%. The company has recently provided an update on the current RC drilling activities of the company at its at its Kanuka Lithium Production Project situated in Tanganyika Province in the south east of the Democratic Republic of Congo. This does not seem to have gone well with the investors.
SYNTONIC LIMITED (ASX:SYT) is an information technology company and is into mobile services technology. Syntonic was trading at a market price of $0.013 and has seen a daily price change of $0.001 or a percentage change of 8.333% as at August 21, 2018. Over the past 12 months, the stock has seen a performance change of -52.00%. The company is all set to acquire 100% of the assets of Zenvia Mobile Servicos Digitais S.A. which is the unit of its m-commerce business. Synotic paid US$700,000 purchase price while an earn-out of 20% of the first $21.5 million will be entitled to Zenvia.
The Income available from dividends remains attractive for many investors.
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