The All Ordinaries (index: ^AORD) (ASX: XAO) closed flat today at 5,304.60 after a rollercoaster day. Despite an early rally, it quickly petered out, before a short-lived boost spurred by Chinese economic data pushed index into positive territory and then falling back again.
Osprey Medical Inc (ASX: OSP) saw its share price crash 55% to 30 cents, after reporting disappointing results for its AVERT study. While the company was overly positive about the trial results, it was clear the market took a different view and sold out.
Evolution FPO's (ASX: EVN) share price plummeted 5.8% to $1.47. The gold miner has seen a strong gain in its share price, after becoming Australia's second-largest ASX-listed gold miner. The share price has rocketed up 124% so far this year, thanks to low all-in sustaining costs and sensible, cheap gold mine acquisitions. Colleague Ryan Newman wrote earlier today why gold stocks were getting smashed.
Cabcharge Australia Limited (ASX: CAB) saw its share price fall 5.4% to $2.98 as the beleaguered tax payments business continues to feel the pressure from the arrival in Australia of the likes of ride-sharing startups such as Uber. Further deregulation of the taxi market appears highly likely, which could threaten Cabcharge's virtual monopoly taxi payments business.
Fortescue Metals Group Limited's (ASX: FMG) share price fell 4.2% to $2.30 as the bumpy ride continues for shareholders. The iron ore miner's shares have dropped as low as $1.58 and soared as high as $3.70 in the past 52-weeks, mostly on the back of moves in the iron ore price. On Friday, the commodity price fell 2.5% to US$53.74 a tonne.
