The Motley Fool

The Advance Nanotek share price has lost 24% in a month, but is still up nearly 10x in 1 year

It’s been one of the best-performing small cap shares over the past year rising from just 54 cents on July 16 2018 to as high as $7.15 last month, but the Advance Nanotek Ltd (ASX: ANO) share price is starting to slide again to be at $5.09 today.

Advance Nanotek is a specialist manufacturer of a zinc oxide based UV absorber material that is used as a sunscreen ingredient and it’s rising sales of the ingredient to U.S. manufacturers in particular that has sent its share price rocketing.

For financial year 2019 it’s forecasting a net profit after tax of $5.9 million and management reported it’s “quietly confident” that the company’s growth trajectory will be maintained over the first half of FY 2020. In FY 2019 it expects to report sales doubled over FY 2018.

Over the last week Advance Nanotek shares swung wildly from a high around $6.27 to a low of $4.23, with the price volatility on the back of no news triggering an inquiry from the ASX’s compliance team. The company reported back that it wasn’t aware of any news that could be behind the swings other than what was already in the public domain.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here's the best part: we think there's one ASX stock that's uniquely positioned to profit immensely from this explosive new industry... taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more


Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

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 near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click 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.