Company Overview: VRX Silica Limited (ASX: VRX) is an Australia-based silica sand exploration company, involved in mining activities for silica sand projects in Western Australia. Company projects include Muchea Silica Sand project, Arrowsmith Silica Sand project, Boyatup Silica Sand project, and Biranup project. Toys"R"Us ANZ Limited (ASX: TOY) operates an e-commerce direct-to-customer retailing business that deals with toy, baby, hobby, and lifestyle products. Kalkine’s ‘Stocks Under 20 cents’ Report covers the Investment Summary, Key Financial Metrics, Management Insights, Risks, Outlook, SWOT Analysis, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stocks.
1. VRX Silica Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 54.91mn)
VRX Silica Limited (ASX: VRX) is an Australia-based silica sand exploration company, involved in mining activities for silica sand projects in Western Australia. Company projects include Muchea Silica Sand project, Arrowsmith Silica Sand project, Boyatup Silica Sand project, and Biranup project.
1QFY23 Update:
Results Highlights of 1HFY23:
Key Ratios & Figures:
Outlook:
SWOT Analysis:
Valuation, Stock Recommendation and Technical Analysis:
The stock has witnessed a surge of ~20.00% in 1 month and over the last 3 months, it has decreased by ~47.06%. The stock has a 52-week low and 52-week high of AUD 0.093 and AUD 0.190, respectively, and is currently trading below the average of 52-week high-low average. VRX was last covered in a report dated ’17 April 2023’.
2. Toys"R"Us ANZ Limited (Recommendation: Speculative Buy, Market Cap: ~AUD 67mn)
Toys"R"Us ANZ Limited (ASX: TOY) operates an e-commerce direct-to-customer retailing business that deals with toys, baby, hobby, and lifestyle products.
Business Updates:
Results Highlights of 1HFY23:
Key Ratios & Figures:
Outlook:
SWOT Analysis:
Technical Commentary:
Stock Recommendation & Valuation:
The stock has witnessed a surge of ~20.00% in 1 month and over the last 3 months, it has decreased by ~47.06%. The stock has a 52-week low and 52-week high of AUD 0.013 and AUD 0.110, respectively, and is currently trading below the average of 52-week high-low average. TOY was last covered in a report dated ‘8 November 2022’.
Disclosure: VRX Silica Limited (Company) is a client of Kalkine Media Pty Ltd (Kalkine Media), an affiliate of Kalkine. However, under no circumstances have Kalkine or its related entities been, directly or indirectly influenced in making any related insights concerning Company as contained in this report, and no form of compensation is or will be received by Kalkine, Kalkine Media or Kalkine’s other related entities for the publication of this report.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 5 May 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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