What is causing the price movement in these 4 NZX stocks?

Gainers and decliners in various industries are tracked by stock markets across the world. These are used by trade analysts and industry professionals to forecast stock movements.

Moreover, the trend provides significant information to investors and traders, allowing them to make informed selections based on equities that have performed well or poorly.

Source: Copyright © 2021 Kalkine Media

Amid this backdrop, let’s have a look at the performance of these 4 NZX stocks as on 21 June 2021.

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New Talisman Gold Mines Limited (NZX:NTL)

Talisman Gold Mines maintained rigorous financial controls throughout FY21, resulting in a significant reduction in yearly expenditure.

Given the high costs of deep extraction, the board of directors has adopted a prudent financial approach by ensuring that the mined ore can be delivered directly to the processing facility. The main focus is still on developing a production path for the Talisman ore.

On 22 June, at the time of writing, NTL was trading flat at $0.004.

Green Cross Health (NZX:GXH)

Green Cross Health reported an annual net profit of NZ$16.8 million for FY21, up 28% from prior year, and an annual operating revenue of NZ$570 million for the same period.

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The profit result was led by significant growth in the Medical and Community Health divisions, which more than compensated the loss in the Pharmacy business, which was primarily due because of COVID-19-related retail expenditure declines. In order to help the Company in advancing its acquisition operations, the Board has decided not to pay a final FY21 dividend.

On 22 June, at the time of writing, GXH was trading flat at $1.17.

MHM Automation Limited (NZX:MHM)

MHM Automation provided a trading update in May. The Group stated that there were many projects that were almost completed that had performed above projections. Subsequently, MHM revised its EBITDA forecast to at least NZ$3.5 million for the financial year to 30 June 2021, up 46% YOY.

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The Group also revealed that it had robust workflows for 2021 and 2022 with strong demand for its automated solutions, particularly the chilling and freezing systems.

On 22 June, at the time of writing, MHM was trading at $0.61, down 3.17%.

The A2 Milk Company Limited (NZX:ATMASX:A2M)

Slater & Gordon Lawyers is investigating a class-action complaint filed against A2 Milk. ATM has stated that it was aware of the media interest. It has not been informed of any legal action taken against it, however, it thinks it has fulfilled all of its disclosure obligations. It refutes all allegations levelled against it.

On 22 June, at the time of writing, ATM was trading at $6.67, up 2.62%.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

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