5 ASX stocks hammered today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is recovering from a steep fall, and has closed down 0.1% with the big miners and oil stocks the main drags on the market.

But that’s nothing compared to these five stocks. Here’s our view…

Lonestar Resources Ltd (ASX: LNR) has seen its share price hammered down 14.5% to 26.5 cents. The US oil and gas producer has lost 50% of its share price over the past three months, more than the rapid fall in global oil prices. In its most recently quarterly report, Lonestar says production increased 56% to 4,669 barrels of oil equivalent per day, and October production was up another 20%.

Admedus Ltd (ASX: AHZ) has dropped 8% to 11.5 cents, and is down around 32% since the beginning of the year. That’s despite the company reporting earlier this week that it had gained special access in Singapore, with 4 surgeons approved to use CardioCel. Admedus has already received US FDA approval and CE mark approval in Europe.

Kibaran Resources Ltd (ASX: KNL) has dropped 12% to 22 cents. The graphite miner’s shares are up 50% since January this year, including today’s drop as demand for graphite is expected to soar. Graphite is used in many renewable energy applications as well as batteries and magnets. It appears investors weren’t happy with the technical update the company provided today, despite it resulting in key positive findings.

Donaco International Ltd (ASX: DNA) has seen its shares slammed down 8.4% to 82 cents. The company owns and operates a casino in Vietnam near the border with China and recently announced a potential acquisition of a gaming and hospitality business in nearby Cambodia. 81 cents is a far cry from the company’s 52-week high of $1.61, suggesting investor enthusiasm may have got ahead of itself.

Troy Resources Ltd (ASX: TRY) has lost 11.5% to 50 cents. The gold and silver miner has been smashed over the past few months, along with many other gold producers, as the commodity price sank. At the current gold price of US$1,165 an ounce, Troy is barely breaking even, with all-in sustaining costs of SU$1,160 an ounce in the last quarter.

Luckily, investors don't have to invest in high risk stocks like the ones above.

Every year, Motley Fool investment advisor Scott Phillips hand-picks 1 ASX dividend stock with outstanding potential. Dividends, growth and a cheap price - what more could you ask for? Just click here to download your free report today.

Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

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