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After the retail stocks were trading soft from a downgrade by Kathmandu post-Christmas, the energy companies once again helped the ASX in beating the market woes. Australian shares opened higher after a positive response from the wall street at the closing hours of the start of the year. Four stocks that came under the investor radar from a diverse set of sectors are mentioned as follows.
AUSTRALIAN MINES LIMITED (ASX:AUZ) â The company is aware of media speculation around its binding off-take agreement with SK Innovation. It confirms that for the purchase and sale of 100% of the cobalt sulfate and nickel sulfate to be produced from the proposed processing and mining operation, both SK Innovation and Australian Mines remain committed to the agreement announced in February 2018. On the drafting of the corresponding long form off-take agreement, senior personnel from both companies continue to work collectively with the goal of finalizing this agreement during the current quarter. SK innovations must acquire 669 million ordinary shares of Australian Mines to obtain this discount at $0.12 per share on or before 20 February 2019. The share price of Australian mines traded flat at a market price of $0.038 and in the past one week, it has performed 2.70% higher.Â
ENVIRONMENTAL CLEAN TECHNOLOGIES LIMITED (ASX:ECT) â The company had its âIndia projectâ partner NMDC Limited, formally announce next Board meeting on 8 Jan 2019. The approval to sign âResearch Collaboration Agreementâ agenda item for board meeting has been a key update. The company also announces Chief General Manager, Project Management, Amitabh Ray. With two Indian Government Public Sector Undertakings, the company signed a historical project agreement for the largest ever, i.e. ~AUD35 million research and development project between Australia and India. Observing that NMDCâs board meeting had been delayed and was expected to occur in early January, on 18 December 2018, the company provided a further update. The share price of Environmental Clean technologies traded flat at a market price of $0.010 and in the past 12 months it has performed 2.70% higher.
BRAINCHIP HOLDINGS LTD (ASX:BRN) â The company reveals that it has a headcount of 35 in 80% research and engineering. The intellectual property stands strong with ten patents issued/pending. To develop technology for further support of GPIâs advanced ATS, BrainChip and GPI announced a global licensing and development agreement in January 2018. The companies agreed to the terms of a commercial agreement in the January 2018 development agreement which was expected to be executed in November 2018. To be acquired by Angel Koda, Kyoto, Japan the recent GPI announcement of an agreement has delayed the execution of the commercial agreement. The share price of Brain Chip traded lower by 6.122% at a market price of $0.092 which is its 52-week low and in the past 60 months it has generated a return of 145.29%.
PURIFLOH LIMITED (ASX:PO3) â After over four years of hard work and collaboration with Somnio Global the company now has a technology that has a very strong competitive advantage in the markets. With the appointment of a Chief Executive Officer and Business Development team in the United States in the short term, the immediate focus will be to add the resources necessary to commercialize the technology. The company aims to complete a Licensing Agreement in the first half of 2019, with air purification trials already underway with Original Equipment Manufacturers. The share price of Purifoy Limited traded lower by -1.433% at a market price of $4.780 which is close to its 52-week high and in the past 12 months it has generated a return of 417.86%.
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