The below mentioned small-cap stocks are gaining investors’ attention lately. Let’s take a closer look at these stocks-
Gooroo Ventures Limited’s (ASX: GOO)
Gooroo Ventures Limited’s (ASX: GOO) patent-pending technology which is based on neuroscience and artificial intelligence is being used in the areas of Human Capital, Marketing and Careers.
Gooroo Ventures recently released its half-year results for FY 2019. For the half-year period, the company reported revenues from ordinary activities of $421,748 which was 331% higher than the previous corresponding period (pcp). Further, the company reported a loss of $934,079 which was 48% lower than the loss of $1,808,834 in pcp. As at 31 December 2018, the company had cash and cash equivalent of $995,354. Recently on 12 February 2019, the Company completed a non-renounceable pro-rata rights issue (‘Rights Issue’) raising $197,908 before transaction costs. A total of 3,958,158 shares were issued under the Rights Issue.
In the last six months, the share price of Gooroo Ventures Limited decreased by 31,76 percent as on 7 March 2019. GOO’s shares last traded at $0.043 with a market capitalization of circa $4.48 million as on 8 March 2019.
Walkabout Resources Ltd (ASX: WKT)
Emerging African graphite producer, Walkabout Resources Ltd (ASX: WKT) has announced the results of the enhanced Definitive Feasibility Study (DFS) for the high-grade Lindi Jumbo graphite project in Tanzania. The results reported very high cash margins of more than US$1,000 per tonne Free on Board and High post-tax NPV of US$197Mn. The pre-production capital costs have been further reduced by 6.4% to US$27.8M from US$29.7M in 2017.
In the last six months, the share price of Walkabout Resources declined by 10 percent as on 7 March 2019. WKT’s stock last traded at $0.140 (+3.704% intraday) with a market capitalization of circa $41.07 million as on 8 March 2019.
88 Energy Limited (ASX: 88E)
Exploration and production company, 88 Energy Limited (ASX: 88E) recently provided an operations update of its oil and gas operations on the North Slope of Alaska. While providing the update on the Winx-1 exploration well which is located on the Western Blocks, North Slope of Alaska, the company informed that the well has successfully intersected all of the pre-drill targets. The well is reached to a total depth of 6,800ft with multiple potential pay zones identified in the primary target as well as one of the secondary targets.
While commenting on the oil and gas operations, 88E Managing Director, Mr. Dave Wall told that the operational performance by the team in Alaska during drilling has been outstanding, with a safe and efficient execution of the program.
In the last six months, the share price of the company declined by 5.24 percent as on 7 March 2019. 88E’s stock last traded at $0.021 with a market capitalization of circa $145.63 million as on 8 March 2019.
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