Insights on Three FTSE Stocks – Sirius Minerals Plc, Zoetic International Plc and AFC Energy Plc

  • Nov 13, 2019 GMT
  • Team Kalkine
Insights on Three FTSE Stocks – Sirius Minerals Plc, Zoetic International Plc and AFC Energy Plc

Sirius Minerals Plc

Sirius Minerals Plc (SXX) is a London based Chemicals company, with main project operation located near the North Yorkshire region in Whitby for the purpose of exploration and extraction of a multi-nutrient fertiliser called Polyhalite. The location of the company’s project is known to have the highest grade Polyhalite available compared to anywhere else in the world.

SXX Progress Update

On 11th November 2019, the company announced a strategic review progress update through a press release. The company reported that the construction work throughout the Project had been slowed so that the management could engage in a strategic review for six months. The strategic review previously conducted showed strong project valuation along with the current project NPV for the 13 Metric Tonne per annum business case being in the middle of  US $11 billion and US $13 billion and IRR of the project somewhere in between 29 per cent to 35 per cent for a broad number of development situations, with a condition of successful funding.

Economic Analysis of the project under the review:

Source: Company Website

SXX Share Price Performance

Source: Thomson Reuters

On 12th November 2019, at 12:54 P.M GMT, at the time of writing, Sirius Minerals Plc’s Share price has been reported to be trading at GBX 3.43 per share, a decrease of 1.04 per cent or GBX 0.036 per share as compared to the previous day’s closing price, which has been reported  at GBX 3.47 per share. At the time of writing, the Sirius Minerals Plc share price has been reported to be trading 63.33 per cent above the 52-week low share price, which was at GBX 2.10 per share, set on September 17, 2019. This was also 87.22 per cent below the 52-week high price at GBX 26.84 per share, which the company’s share set on April 09, 2019. The reported Market Capitalization of Sirius Minerals Plc has been reported at GBP 243.29 million.

At the time of writing, 26.53 million of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 46.84 million shares. The stock has reportedly shown a downward change of 85.21 per cent in value in the last one year, from the price of GBX 23.2 per stock. There also has been a downward change in the last six months in the value of Sirius Minerals Plc’s stock of around 80.01 per cent from the share price of GBX 17.16. Sirius Minerals Plc’s stock has also reportedly lost 5.50 per cent in value in the last one month from the price of GBX 3.63.

The beta of the Sirius Minerals Plc’s Share has been reported to be at 1.97. This means that the company’s share price movement is significantly more volatile in its trend, as compared to the benchmark market index’s movement.

Zoetic International Plc

Zoetic International Plc (ZOE), formerly called as Highlands Natural Resources Plc, is a Beckenham, the United Kingdom based holding organisation that takes part in the advancement of cannabidiol (CBD) items just as investigation and improvement of oil and gas assets through premiums in different ventures over the world. The organisation is engaged in CBD item tasks through its auxiliary Zoetic Organics. The organisation's natural assets intrigue incorporates the Colorado Shale, which contains eight wells in East Denver which are at present delivering and giving a large number of livelihoods. The organisation has a 7.5 per cent working interest for all the 8 wells. The organisation likewise has interests in ventures in Kansas and Montana. After the organisation found hydrogen-nitrogen gas in western Kansas, the organisation coordinated it with its generation of hemp through which it can separate CBD which it sells in the United States as well as all around the world. The organisation is planning to grow its advancement activities to 100 sections of land by 2020.

ZOE Latest News

On 11th November 2019, the company made a press release to announce the listing of its ordinary shares on the Over the counter Market, and the trading was expected to start from 12th November 2019. The company mentioned in the press release that as a part of the London Stock Exchange listed company, OTCQB listing has been a very cost impactful process for the company, because there was no need to file a prospectus or a similar document.  Additionally, the company continues to hinge on the announcements and regulatory and compliance disclosures it makes to the LSE and has formal legal or compliance requirements as per the Sarbanes-Oxley Act or the Securities and Exchange Council.

ZOE Share Price Performance

On 12th November 2019, at 1:34 P.M GMT, at the time of writing, Zoetic International Plc’s share price has been reported to be trading at GBX 13.45 per share, a decrease of 4.47 per cent or GBX 0.575 per share as compared to the previous day’s closing price, which has been reported  at GBX 12.88 per share. At the time of writing, the Zoetic International Plc share price has been reported to be trading 315.12 per cent above the 52-week low share price, which was at GBX 3.24 per share, set on October 03, 2019. This was also 17.99 per cent below the 52-week high price at GBX 16.40 per share, which the company’s share set on February 25, 2019. The reported Market Capitalisation of Zoetic International Plc has been at GBP 19.07 million.

At the time of writing, 2.02 million of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 3.28 million shares. The stock has reportedly shown an upward change of 2.67 per cent in value in the last one year, from the price of GBX 13.1 per stock. There also has been an upward change in the last six months in the value of Zoetic International Plc’s stock of around 14.46 per cent from the share price of GBX 11.75. Zoetic International Plc’s stock has also reportedly gained 127.19 per cent in value in the last one month from the price of GBX 5.92.

The beta of the Zoetic International Plc’s Share has been reported to be at -1.2799. This means that the company’s share price movement is inversely correlated in its trend, as compared to the benchmark market index’s movement.

AFC Energy Plc

AFC Energy Plc (AFC) is the United Kingdom based company working on an alkaline fuel cell technology to make it scalable and commercially viable to provide clean electricity for on-grid and off-grid electricity needs. The technology, that was founded by the company over more than a decade period in the United Kingdom, is currently being used in electric vehicle chargers. The group owns, maintains, installs, and operates alkaline fuel cell power projects. The company works with the development of fuel cells segment.  The company contributes across three projects - POWER-UP, LASERCELL, and ALKAMMONIA.

AFC Operations Update

On 28th October 2019, the company made a press release regarding a pre-close operational update just prior to its year-end on 31st October 2019. The company highlighted that its Hydrogen-powered 72kWh, off-grid Electric Vehicle charging system is ready for a commercial launch in the month of December 2019. The company also announced that it signed an agreement with an international Original Engineering Manufacturer to test the "Ammonia to Power" off-grid platform.

AFC Share Price Performance

Source: Thomson Reuters

On 12th November 2019, at 2:15 P.M GMT, at the time of writing, AFC Energy Plc’s Share price has been reported to be trading at GBX 10.15 per share, an increase of 9.56 per cent or GBX 0.885 per share as compared to the previous day’s closing price, which has been reported  at GBX 9.26 per share. At the time of writing, the AFC Energy Plc share price has been reported to be trading 273.16 per cent above the 52-week low share price, which was at GBX 2.72 per share, set on May 01, 2019. AFC Energy PLC set a new 52 week high during the day's trading session when it reached 11.00. Over this period, the share price was up 74.61 per cent. The reported Market Capitalisation of AFC Energy Plc has been at GBP 41.48 million.

At the time of writing, 17.20 million of the company’s shares had been traded in the market. The average volume of trading per day, for the last one year in the market, was 6.94 million shares. The stock has reportedly shown an upward change of 75.00 per cent in value in the last one year, from the price of GBX 5.8 per stock. There also has been an upward change in the last six months in the value of AFC Energy Plc’s stock of around 119.45 per cent from the share price of GBX 4.625. AFC Energy Plc’s stock has reportedly gained 126.56 per cent in value in the last one month from the price of GBX 4.48.

The beta of the AFC Energy Plc’s share has been reported to be at -1.1. This means that the company’s share price movement is more inversely correlated in its trend, as compared to the benchmark market index’s movement.

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