AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
After dropping a little in the morning session S&P/ASX 200 finally closed higher at around 5941 with energy stocks leading the market rally. Three stocks which are in the green zone and rising to the expectations of the investors are discussed herein:
ENCOUNTER RESOURCES LIMITED (ASX:ENR) â The independence Group NL (ASX:IGO) and Encounter to join forces to advance the Yeneena Copper-Cobalt Project in the Paterson Province of Western Australia. Also, Newcrest and Encounter have entered into five separate joint ventures (Selby, Watts, Lewis, Phillipson and Aileron), initially on a 50:50 basis. The consolidated net loss after income tax for the financial year was $10,136,263 compared to 2017 net loss of $1,313,269. At the end of the financial year the Group had $2,860,071 compared to the 2017 amount of $3,631,091 in cash and at call deposits. Capitalized mineral exploration and evaluation expenditure is $11,638,248 compared to 2017 of $18,624,668. As at November 12, 2018, with a market capitalization of A$9.54 million the stock of ENR traded higher at a market price of $0.059 it has witnessed a performance change of -46.67% over the past one year. Â
FE INVESTMENTS GROUP LIMITED (ASX:FEI) â FEIGâs total assets were at $68.98m as at 31st March 2018, which grew by 25% in the FY18 as compared to the preceding financial year. FEIG aims to achieve $130m of total assets within the next two years. With the consolidation of the business operations in the FY18, FEIGâs overhead cost structure was substantially higher than its historical norm which was largely due to cost duplication which the management team will normalize during the FY19. FE Investmentsâ revenue made up 98% of the Group total revenue for the financial year ending 31st March 2018. Capital Adequacy ratio and Common Equity ratios are at 8.5% and 16% respectively. As at November 12, 2018, with a market capitalization of A$13.47 million the stock of FEI traded higher at a market price of $0.100 it has witnessed a performance change of 23.29% over the past one month.
ANTIPA MINERALS LIMITED (ASX:AZY) â The company for the financial year ending 30 June 2018 recorded a net loss of $1,872,379 as compared to the year ended 30 June 2017 loss of $1,600,854 and a net cash outflow from operations of $1,393,347 compared to the year ending 30 June 2017 outflow of $833,274. No dividends have been declared, provided for or paid in respect of the financial year ended 30 June 2018. The cash and cash equivalents at the end of the financial year was $7.973 million with zero or no debt represents decent balance sheet. As at November 12, 2018, with a market capitalization of A$45.14 million the stock of AZY traded higher at a market price of $0.027 close to its 52-week high and it has witnessed a performance change of 8.70% over the past one year.
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