Kingwest Resources Limited (ASX: KWR)
Kingwest Resources Limited (ASX: KWR) is into the exploration and mining of eastern goldfields. The company has recently announced its initial results of drilling at King of the west project, where they have discovered high-grade mineralization. The program consisted of drilling eleven reverse circulation holes with a total of 1,121 meters, with these holes intersecting the Shear zones; however, the objective of the drilling was to test the lower layers of outcropping lodes and old workings as identified by the company. The company is encouraged by the results of the initial drilling and is looking forward to the next phase.
Now, let us quickly look at the performance of Kingwest’s stock and the return it has posted over the last few months. KWR’s shares traded at $0.180 with the market capitalization of ~$9.15 million as of January 07, 2019. In the time span of previous three months, the company’s stock has delivered the return of 2.86% while in the last one month, it had given 16.13% of return, with a 52-week high price of $0.220.
Berkeley Energia Limited (ASX: BKY)
Berkeley Energia Limited (ASX: BKY) is a clean energy company, mainly focussed on bringing its fully owned Salamanca project into production. The company recently responded to the query of ASX based on the price and volume of the stock traded. The company mentioned that it is not aware of any such information that has not been announced and which could be a reason for the recent trading of the stock of the company. The company stated that the recent selling of shares by a former major shareholder has now stopped and confirmed it complied with the listing rules especially rule 3.1.
However, the stock is currently trading at $0.210 with an upward movement of 16.667% during the day’s trade and has a market capitalization of $46.51 million. The stock opened at $0.230 with a day’s high of $0.245 and touching a low of $0.210. The company posted a YTD return of 5.88% and produced a negative return of 77.91% over the last six months period, with a 52-week high price of $1.050 and a 52-week low of $0.135.
Tesserent Limited (ASX: TNT)
Tesserent Limited (ASX: TNT) is in the IT industry. It provides enterprise-grade cybersecurity solutions and networking services to its corporate customers in Australia, UK, and Korea. As per the company’s latest announcement it has signed a three-year agreement of $3.06 million with a leading transport and logistics company of Australia. This is an important leap towards the company’s strategic growth in high-end enterprise solutions.
As per the chairman of the company Robert Langford, the company has defeated larger competitors in the tender process which is an achievement and proof of the company’s ability in delivering world-class security and networking solutions at a larger scale.
The stock of TNT surged on ASX by 16% approximately driven by the announcement of the agreement. It is currently trading at $0.065 with a market capitalization of ~$7.47 million. The stock opened at $0.057 which is also its days low with a day’s high of $0.065. The company posted a negative YTD return of 1.75% with a 52-week high price of $0.140 and a 52-week low of $0.050.
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