6 stocks slammed on the ASX today

Credit: Chad Cooper

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.

NEW! The Motley Fool’s top dividend stock for 2015

Handpicked by our investment experts, this promising ASX stock boasts a fully franked yield of nearly 6%... putting term deposits to shame! You can get the name and code FREE in our brand-new report, “The Motley Fool’s Top Dividend Stock for 2015.” Click here now for your free copy.

No credit card required, no payment required - the report is yours free.

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

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.