4 Stocks Moving Up In The Small-Cap Space- N27, NTU, SEI And CLI

4 Stocks Moving Up In The Small-Cap Space- N27, NTU, SEI And CLI

Northern Cobalt Limited

The Wayville-based Northern Cobalt Limited (ASX: N27) is engaged in the exploration, extraction and development of cobalt mineral projects in Australia. As of date, the company has a small market cap of AUD 2.05 million. At the end of the trading session on March 8th, 2019, the N27 stock price closed at AUD 0.057, skyrocketing by 42.5%, indicating an intra-day gain of AUD 0.017.

Recently, on February 26th, 2019, Northern Cobalt completed a detailed helicopter borne magnetic survey over the Snettisham Vanadium Project (acquired in December 2018) in southern Alaska, revealing major concentrations of titaniferous and vanadium bearing magnetite. Besides, for the half year to December 31st, 2018, the company recorded a net loss of $ 901,328, up on prior $522,767 in the prior corresponding period (pcp), on account of $ 409.6k of impairment expenses and a rise in exploration expense of $ 86,575. The net cash and cash equivalents stood at $ 1.125 million.   

Northern Minerals Limited

Northern Minerals Limited (ASX: NTU), based in West Perth, explores and evaluates rare earth element minerals (dysprosium, lutetium, and terbium deposits) in Australia. The company’s current market cap stands at AUD 70.5 million. At the end of the trading session on March 8th, the NTU stock closed at AUD 0.071 per share, rising high by 36.54 %, indicating an intra-day gain of AUD 0.019.

Northern Minerals recently received an additional $ 1 million in line with the subscription agreement with Liu Xiaohua announced on March 1st,2019, with the remaining $ 1 million to be released shortly. It also updated the estimate of the Mineral Resource for the Dazzler deposit at the Browns Range Heavy Rare Earth Project in North-Western Australia. For the quarter ended December 31st, 2018, the company had major outflows of AUD 5.144 million from operating activities mainly arising from production and corporate costs.

The investing activities further increased the cash outflows by AUD 1.67 million. The net cash and cash equivalents at the end of the period stood at AUD 1 million boosted by AUD 3.26 million of cash inflows arising from financing activities.

Speciality Metals International Limited

Speciality Metals International Limited (ASX: SEI) is another metals and mineral exploration company with a keen interest in potassium, iodine, boron, lithium, and gold deposits in Australia. The company has a market capitalisation of AUD 13.32 million to date with ~ 554.88 million outstanding shares. With the close of the market trading on March 8th, the SEI stock’s last sell-off price stood at AUD 0.034, inflating by 41.67%, indicating an intra-day gain of AUD 0.010.

On March 8th, 2019, the company released an update concerning the participation of Cronimet Holding GmbH in the development of the Mt Carbine Tungsten Project, which is nearing completion, and the buy-out of the Mt Carbine Quarry and Mining Leases (ML4867 and ML4919) via alternative financial tools. For the December 2018 quarter, Speciality Metals has a net cash at hand of AUD 454K, after cash outflows of AUD 300K from operating activities.

Croplogic Limited

The West Perth-based Croplogic Limited (ASX: CLI) is a global agricultural technology company providing agronomy services such as infield soil moisture monitoring, yield prediction, infrared aerial imagery etc to crop growers across the United States and New Zealand. As of date, the company’s market cap stands at AUD 3.56 million. With the close of the market trading on March 7th, 2019, the CLI stock price stood at AUD 0.015, edging up 25%, indicating an intra-day rise of AUD 0.003.

On March 7th, 2019, the company announced to have applied for a license to cultivate industrial hemp to the Oregon Department of Agriculture. The license will allow Croplogic to start growing industrial hemp from the next season, that runs from May to October at its trial farm in Deschutes County, Oregon, USA.

As per the quarterly report, the company’s net cash and cash equivalents stood at AUD 2.51 million, inclusive of extensive cash inflows of AUD 2.33 million from financing activities.


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