Why a2 Milk, Aurelia Metals, Dubber, & Freelancer shares are sinking

It hasn't been a great day for these ASX shares…

| More on:
A shocked man sits at his desk looking at his laptop while talking on his mobile phone with declining arrows in the background representing falling ASX 200 shares today

Image source: Getty Images

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

The S&P/ASX 200 Index (ASX: XJO) is on form on Tuesday and charging higher. In afternoon trade, the benchmark index is up 0.6% to 7,436.6 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are sinking:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price has fallen 5% to $6.08. Investors have been selling this embattled infant formula company's shares this week amid concerns over potential regulatory changes in China. This follows sweeping changes to a range of other sectors recently. There are fears that the government may look to favour domestic producers over brands like a2 Milk.

Aurelia Metals Ltd (ASX: AMI)

The Aurelia Metals share price has crashed 16% to 40.5 cents. This is despite the gold miner delivering on its production guidance and beating its cost guidance in FY 2021. Investors may be disappointed with its outlook, which is guiding to a large increase in costs in FY 2022. Its all-in sustaining cost (ASIC) is expected to be $1,500 to $1,700 per ounce of gold, compared to $1,337 per ounce in FY 2021.

Dubber Corp Ltd (ASX: DUB)

The Dubber share price has fallen 5.5% to $3.02 after returning from its trading halt. This morning the call recording technology company announced the successful completion of its $110 million capital raising. Dubber raised the funds through an institutional placement at $2.95 per share. This represents a discount of 7.8% to its last close price. The proceeds will be used to accelerate its growth objectives and advance M&A opportunities.

Freelancer Ltd (ASX: FLN)

The Freelancer share price has sunk 16% to 95 cents following the release of its first half results. The freelance and outsourcing marketplace provider reported a 5.7% decline in half year revenue to $27.8 million. This ultimately led to a $1.6 million operating loss after tax and weaker cash flows.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Dubber Corporation. The Motley Fool Australia owns shares of and has recommended Dubber Corporation. The Motley Fool Australia has recommended A2 Milk and Freelancer Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Fallers

A worried man holds his head and look at his computer.
Share Fallers

Why Accent, Austal, Newmont, and Sandfire shares are plunging today

These ASX shares are ending the week in the red. But why?

Read more »

A young male investor wearing a white business shirt screams in frustration with his hands grasping his hair after ASX 200 shares fell rapidly today and appear to be heading into a stock market crash
Share Fallers

Why Clinuvel, Medibank, Sayona Mining, and Tabcorp shares are sinking today

These ASX shares are out of favour with investors on Thursday. But why?

Read more »

A woman with short brown hair and wearing a yellow top looks at the camera with a puzzled and shocked look on her face as the Westpac share price goes down for no reason today
Share Fallers

Why Corporate Travel Management, Iress, Rio Tinto, and Woolworths shares are crashing

These ASX shares are being sold off on Wednesday. But why?

Read more »

gambling asx share price fall represented by woman in soccer had looking frustrated at tablet screen
Share Fallers

This ASX stock has halved in 6 months. It could be a bargain buy

Remember, what the share price did in the past has nothing to do with what it could do in the…

Read more »

A businesswoman ponders why her boat is sinking in the ocean.
Materials Shares

Down 7%: What's gone so wrong for Lake Resources shares today?

Lake Resources shares have been put out to dry today.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Baby Bunting, Humm, Liontown, and Star shares are sinking today

These ASX shares are having a rough time on Tuesday. But why?

Read more »

A young man in a blue suit sits on his desk cross-legged with his phone in his hand looking slightly crazed.
Share Fallers

Down 76% in a year, why is the Core Lithium share price getting smashed again today?

Core Lithium and rival ASX 200 lithium miners are deep in the red on Tuesday.

Read more »

Red arrow going down symbolising a falling share price.
Share Fallers

3 ASX All Ords shares crashing as much as 24% on results

It’s a difficult day for shareholders of these stocks.

Read more »