Which 6 NZX stocks made the biggest moves in the market?

Summary

  • ArborGen Holdings issues new shares on the attainment of the desired financial results, thereby overcoming certain financial obstacles.
  • Good Spirits Hospitality announces its agreement to lease pertaining to the Auckland Viaduct.
  • Plexure Group witnesses the exit of its CFO, one of the most respected members of the senior leadership team.

Stock markets across the world are marked with volatility, which affects the stock prices leading to continuous fluctuations in the price trends. Any positive or a piece of negative news pertaining to a particular stock influences investor sentiment.

Having said that, let us now take a peek at the 6 NZX stocks making the largest ripples on the board.

Source: Copyright © 2021 Kalkine Media

ArborGen Holdings Limited (NZX:ARB)

Recently, ArborGen Holdings Limited had issued new shares totalling 127,315 under the Executive Long Term Incentive Plan. The shares are issued in three equivalent tranches on the account of overcoming few specific financial hiccups and sustaining its employment levels.

On 18 June, at the closing bell, ArborGen Holdings was flat at NZ$0.215.

Must Read: 5 Most Discussed NZX Penny Stocks To Explore In May- SKT, CAV, APL, MPG, ARB

Chatham Rock Phosphate Limited (NZX:CRP)

Chatham Rock Phosphate Limited has successfully secured the grant for an extension for the third time to finish with its private placement of 6,000,000 units for gross proceeds of about NZ$720,000.

It is noted that the new deadline is now set at 17 July this year for the completion of the private placement.

On 18 June, at the end of the trading session, Chatham Rock Phosphate gained 3.28% at NZ$0.128.

Don’t Miss: A Sneak Peek at 6 NZX Gainer and Losers Of The Day--ARB, SEK, AMP, ATM, MEE, CRP?

Good Spirits Hospitality Limited (NZX:GSH)

Good Spirits Hospitality Limited has revealed the execution of its agreement to lease for an initial term of 9 years for the Auckland Viaduct, the site known for its upscale offices, apartments, and restaurants.

The Company will transform the site into a new hospitality hub, thereby strengthening its leadership position in the Viaduct.

On 18 June, the shares of Good Spirits Hospitality ended flat at NZ$0.078.

Do Read: 5 Hot Penny Stocks Trading At Less Than 50 Cents On NZX

Plexure Group Limited (NZX:PX1)

Plexure Group Limited has announced the resignation of its Chief Financial Officer, Andrew Dalziel, who had served the Group for almost 5 years.

However, Dalziel will continue to provide consulting services as and when required, even after his departure from the Group.

On 18 June, at the closure of the market session, Plexure Group decline by 2.82% at NZ$0.0690.

Should Read: 6 New Zealand’s Stock Market News One Should Not Miss

Burger Fuel Group Limited (NZX:BFG)

Owing to the favourable trading conditions in the second half of the year, Burger Fuel Group Limited posted an NPAT of NZ$712,985, up 41.1% for the year ended 31 March 2021. Its cash reserves stood at NZ$7.1 million with no debt towards the year-end of the fiscal year.

The resilience demonstrated by the Company helped it to overcome the challenging times, and it is now focusing on its strategic growth and acquisitions.

On 18 June, at the end of the market session, Burger Fuel Group dipped by 2.44% at NZ$0.400.

Recommended Read: Is Kiwi Food Industry All Set To Witness A Turnaround This Year? A Look At 4 Related Stocks

Kathmandu Holdings Limited (NZX:KMD; ASX:KMD)

Kathmandu Holdings Limited is a global retail chain, which specialises in quality apparel and equipment for travel and sports. It has recently verified on complying with all the obligatory requirements pertaining to NZX listing for purposes of ASX listing.

On 18 June, at the end of the trading session, the shares of Kathmandu Holdings climbed 1.23% at NZ$1.640.

Also Read: 5 Interesting NZX Dividend Stocks To Explore in June 2021

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