6 stocks slammed on the ASX today

All Ordinaries ends down 0.5%, but that wasn’t as bad as these stocks

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

With the All Ordinaries (Indexasx: XAO) (ASX: XAO) losing 0.5% at the close today, it’s time to take a look at some of the biggest loser stocks on the day.

Panorama Synergy Limited (ASX: PSY) has dropped 17.1% to 17 cents. It seems investors may not be all that happy with Panorama signing a collaborative agreement with Enerji Ltd (ASX: ERJ). It seems Enerji and Panorama will develop a toluene monitoring system, using Panorama’s LumiMEMS technology.

1-Page Ltd (ASX: 1PG) is down 9.5% to $1.90, after releasing its preliminary report for the 13 months ended January 2015. Clearly investors weren’t happy that revenues came in at just $225,379 while the company reported a loss of more than $10 million. Still, it’s early days for 1-Page, and it has yet to prove it can be a successful and profitable company.

Nickel producer Panoramic Resources Ltd (ASX: PAN) fell 15.2% to 47.5 cents. As a resources company, Panoramic is dependent on the nickel price, and 3-month nickel prices on the London Metals Exchange fell US$13,000 a tonne – its lowest level since 2009. Not great news for any nickel miner really.

Aeeris FPO (ASX: AER) dropped 8% to 23 cents from its listing price of 25 cents. Were some early investors not happy? Aeeris has developed the Early Warning Network, a weather alert service mainly aimed at insurers, but has yet to generate decent profits and revenues. That suggests there’s still a fair amount of risk investing in the company now, but at least it is profitable.

Gold miner Silverlake Resources Ltd (ASX: SLR) has slipped 10% to 18 cents. That may be due to the gold price falling 0.2% overnight to US$1184.10 an ounce. In its latest half year report, Silverlake reported a $14.7 million loss as revenues more than halved, thanks to higher production costs and lower received prices. An all-in cost of $1,298 per ounce is not far off the received price of $1,467 an ounce in local currency terms and could create an issue for the miner if gold falls much further.

Catapult Group International Ltd (ASX: CAT) had fallen 8% to 80 cents at once stage, but managed to end the day flat. The sports analytics company provides both hardware and software to sporting teams and associations to monitor athletes and players in many sports – which allows the organisation to pinpoint areas of improvement – amongst other things. Whilst the company has released no news, it could be the company’s 50% rise since listing prompting some investors to take some profits. Even at these prices, Catapult is one stock to add to your watchlist.

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. 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

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »