Are These 5 NZX Stocks The Biggest Movers And Shakers Of The Day?

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Sectors like oil & gas, retail, and healthcare are a driving force of an economy. A slight impact on these sectors does have a considerable impact on the growth and development of the economy.

It is noted that online shopping has become hugely popular during the coronavirus pandemic. With lockdowns and restrictions in place, people preferred to stay indoors and shop online within the confines of their homes.

Moreover, retail giant, Michael Hill International too, witnessed a surge in its digital sales. During its FY21Q3 trading update, it stated that its online platforms reflected about 5.6% of the overall sales in terms of YTD (Year to date) against the previous year’s 2.9%.

Moreover, every day, investors and stakeholders observe various trends in the stock prices. While some continue to show a remarkable increase, others experience a decline due to a variety of reasons.

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Against this backdrop, let us now look at the 5 NZX stocks, which are proving to be the movers and shakers of the day on the Board.

Michael Hill International Limited

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Michael Hill International Limited (NZX:MHJ) released its trading update today for Q3 ended 28 March 2021. There was considerable growth in the sales across all markets and channels, with all store sales up 11.6% for Q3. The pandemic period saw an increase in the digital sales of the Company. Online sales were up 69.2% in Q3 as compared to pcp.

Moreover, the Company’s loyalty programme boasts of more than 600,000 members. It has cash reserves of more than NZ$50 million towards the end of Q3. Also, MHJ has entered a new financing facility with ANZ for funds amounting to NZ$70 million for a tenure till February 2024.

On 15 April, at the time of writing, Michael Hill International was trading up by 7.23% at NZ$0.890.

Must Read: Michael Hill (NZX:MHJ) Half-Year Highlights- Revenue Down, Profit Up

The New Zealand Refining Company Limited

The New Zealand Refining Company Limited (NZX:NZR) has disclosed that the Company was evaluating on shifting its import terminal operation. Discussions are going on with Z Energy and Mobil. However, no decision has been taken as of now.

NZR will provide an update once a resolution has been made in this regard.

On 15 April, The New Zealand Refining Company at the time of writing was trading up by 3.03% at NZ$0.510.

Must Read: 6 NZX stocks worth considering in March 2021- TLT, WDT, NZR, EVO, FCG, AFT

ArborGen Holdings Limited

ArborGen Holdings Limited (NZX:ARB) had announced recently that its US-based subsidiary group, ArborGen Inc., had availed the loan facility amounting to US$1.95 million for the 2nd time under the CARES Act Paycheck Protection Program (PPP) from the Small Business Administration (SBA).

It is pointed out that SBA will forgive the loan if all the employees are kept on the payroll for eight weeks and the amount obtained is utilised towards the payment of expenses like salaries, wages, rent, and mortgage, etc.

In May 2020 also, ARB had availed the loan facility of $2.335 million to retain all its employees, and to meet other expenses arising due to COVID-19-related uncertainties.

On 15 April, ArborGen Holdings at the time of writing, was trading down by 2.30% at NZ$0.170.

Rua Bioscience Limited

Rua Bioscience Limited (NZX:RUA) has recently successfully exported the sample of its cannabis flower to German-based distributer Nimbus Health. The Company would later this year export huge volumes of the medicinal plant to Nimbus Health to treat the patients across Germany with the therapeutic properties of the medicinal cannabis.

Rob Mitchell, RUA’s CEO, stated that the Company aimed to focus on exporting its medicinal cannabis to German markets and then would systematically target enhancing its global exports to all the international markets.

On 15 April, Rua Bioscience at the time of writing, was trading flat at NZ$0.390.

Must Read: What’s Latest With The 5 Penny Stocks From Healthcare Space? - RUA, TRU, CBD, BLT, PHL

Pacific Edge Limited

Pacific Edge Limited (NZX:PEB) few days ago announced the retirement of its CEO, David Darling, w.e.f. 6 April 2022. However, he will continue to support the organisation in a consultant’s capacity.

PEB thanked David for his immense contribution in serving the Company for the past 18 years and is seeking a new CEO best suitable for the Company.

On 15 April, Pacific Edge at the time of writing was trading down by 0.84% at NZ$1.180.

Must Read: How These 4 NZX Stocks performed today - PEB, NWF, HMY, AFT

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