AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Three stocks closing in green, despite of ASX closing in red at 5671 and all ordinaries at 5759, are discussed herein. It is when investors looked beyond the tech stocks and started to diversify into other sectors like resources or telecommunication, they found three stocks riding high as follows:
FIRST GRAPHENE LIMITED (ASX:FGR) â To report continued success with its strategy of engaging with industry to develop new products that uses its PureGRAPH⢠range of graphene products. The groupâs result for the year was a loss of $7,024,612 as compared to 2017 loss of $4,259,960 due to which no final dividend has been declared or recommended as at 30 June 2018 or as at September 2018. The cash and cash equivalents at end of the year 2018 stands higher at $4.838 million than the previous corresponding period with virtually no debt facility represents a healthy balance sheet. The Groupâs exposure to the risk of changes in market interest rates relates primarily to the Groupâs cash position. The companyâs market capitalization of the year currently stands at $58.56 million The stock traded at a market price of $0.165 with a daily percentage change of 13.793% as at November 20, 2018. It has undergone a performance change of 47.96% over the past 6 months.
VONEX LIMITED (ASX:VN8) â The company has reached a record 25,000 registered Private Branch Exchange users as at the end of October 2018. Up from 20,000 users this time last year this growth represents a 25% year on year gain in PBX users. The financial results of the consolidated entity for the financial year ended 30 June 2018, is revenue which is up by 12% to $8,486,196 and cash and cash equivalents which increased from $384,624 in 2018 to $5,223,854 in 2017 representing a change of 1,258%. Total group sales revenues rose by 15% during the reporting period. Vonex achieving audited net profit after tax of $1 million in a financial year. The companyâs market capitalization of the year stands at $16.24 million. The stock traded at a market price of $0.125 with a daily percentage change of 13.636% as at November 20, 2018. It has undergone a performance change of -8.33% over the past 1 month.
ALICE QUEEN LIMITED (ASX:AQX) â In relation to the companyâs Mendooran Project in NSW, significant upside potential is still there, and that Alice Queen is now back in full control over the Project. To fund its ongoing exploration efforts at its flagship Horn Island gold project during the year, the company raised a further $5.50 million in new equity. The Group incurred a loss after tax for the reporting period of $2,424,079 compared to 2017 loss of $1,138,203 and the directors recommend that no dividend be paid for the reporting period ended 30 June 2018. The company issued 119,123,543 compared to 2017 of 22,053,093 fully paid ordinary shares as a result of the exercise of listed options. Cash and cash equivalents at the end of the period was of $514,359 as at June 30, 2018 with virtually no debt reflecting decent balance sheet. The stock traded at a market price of $0.012 with a daily percentage change of 9.091% as at November 20, 2018, which is near its 52-week low. It has undergone a performance change of -26.67% over the past 1 month.
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