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.
