The All Ordinaries (IndexASX: XAO) (ASX: XAO) Index has dropped 0.5% to 5,788 today, despite US markets rallying overnight.
Still, that wasn’t as bad as these four…
Medical Developments International Ltd (ASX: MVP) (“MDI”) fell 5.2% to $2.17, although the company’s shares are up by more than 80% in the past six months. We covered MDI in more detail here, and I nominated it as one of 9 juicy health care stocks to add to your portfolio earlier this month. Sales of the company’s products are soaring and a pullback could be a perfect opportunity to add to your portfolio.
Clinuvel Pharmaceuticals Limited (ASX: CUV) dropped 4.4% to $3.25. Clinuvel is developing drugs that focus on treatment of severe skin disorders. The company’s Scenesse received European Medicines Agency approval in December year, and distribution to 31 countries is expected to start throughout this year. Clinuvel shares are up 108% over the past year.
Alexium International Group Limited (ASX: AJX) dipped 4.3% to 66.5 cents. The company is developing flame retardant treatments for synthetic fabrics amongst other technology. Last week the company reported to shareholders that it expects to begin its US listing process by the end of this month and announced the signing of another commercial contract. Still, with the shares up 313% in the past six months, a little volatility is to be expected.
Last but not least, rare earths producer Lynas Corporation Limited (ASX: LYC) fell 3.9% to 4.9 cents. The company posted a loss of $103.5 million in its half-yearly report today, despite revenues jumping more than four-fold. The problem is that production costs are way higher than current rare earths prices (as we highlighted again in September 2014), and as such Lynas is unlikely to be able to meet it debt repayments in March 2016.
Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.
One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading over 40% off it's high, all while offering a fully franked dividend yield over 3%...
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga