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The following stocks are under close observation by investors and market analysts as their prices soared high today (22 February 2019).
Netcomm Wireless Limited
NetComm Wireless Limited (ASX:NTC) is based in Sydney, Australia and engaged in the development and worldwide sale of broadband products for telecommunications carriers, core network providers, system integrators, and government and enterprise clients through business segments comprising Telecommunications Infrastructure Equipment & IIoT Business; and Broadband Business.Â
NetComm has a market capitalisation of AUD 103.89 million. With the close of the market on February 22nd, the NTC stockâs last traded at a sell-off price of AUD 1.065, zoomed up by 50%, indicating an intra-day gain of AUD 0.355. The company recently announced the results for the Half Year ended December 2018 (1H FY2019). There was a 6.5% increase in the total revenue to $ 94.3 million, but the reported EBITDA was down 9.6% to $ 8.3 million, reflecting a change in sales mix with a higher proportion of lower margin NCD sales. The earnings per share stood at 1.58 cps, down 37.1% on 1H FY2018.
Croplogic Limited
The West Perth, Australia-based CropLogic Limited (ASX:CLI) provides agronomy services like infield soil moisture monitoring, yield prediction, infrared aerial imagery and telemetry to crop growers in New Zealand and the United States. At the close of the market session on February 22nd, the CLI stock last traded at a sell-off price of AUD 0.015, escalated 36.36% by AUD 0.015. The sudden surge may be attributed to its strategy for cropping industrial hemp on the recently leased trial farm in Oregon, USA beginning with the upcoming 2019 season. Moreover, the quarter ended December 2018, was a successful one for the company with major milestones achieved. The net cash with the company stood at AUD 2.5 million mainly due to cash inflows from financing activities like proceeds from issuing of shares.
Registry Direct Limited
Registry Direct Limited (ASX:RD1) is a security registry company, established in 2012 and based out of Melbourne, Australia. It provides a cloud-based shareholder and securities management platform for clients. Registry Direct has a market capitalisation of around AUD 1.42 million with approximately 129.28 million outstanding shares. At the end of the trading session on February 22nd, the RD1 stockâs sell-off price stood at AUD 0.020, edging up high by 81.818%, indicating an intra-day gain of AUD 0.009. This follows the companyâs half-yearly (ended December 31st, 2018) results updated on the previous day, highlighting that its operating deficit for the period had reduced by 44% to $ 685,527 relative to the comparative period in 2017-18. Also, the revenues from ordinary activities increased to $ 541,882, up 52% on the prior period.
NEX Metals Exploration Limited
The Osborne Park, Australia-based NEX Metals Explorations Limited (ASX:NME) is a mineral exploration company with primary interest in gold, copper, and nickel deposits in Western Australia. NEX Metals is a small cap on the ASX with a market capitalisation of AUD 2.86 million with approximately 190.66 million outstanding shares. The NME stock last traded at a market price of AUD 0.024, up 60% by AUD 0.009, with the close of market session on February 22nd. The stock has also generated an impressive YTD return of 50%. At the end of the December 31st quarter, the funds due from outstanding debtors were of the value $ 258,000, and the net cash and cash equivalents were posted at AUD 37,000.
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