If you're seeking some speculative stocks to balance out your portfolio sneak a look at these three emerging players.
Nearmap Ltd (ASX: NEA)
Shares in geospatial mapping technology business Nearmap Ltd closed off July 11 at a 52-week high off the back of the release of its FY18 preliminary results yesterday – reporting record portfolio growth.
Morgan Stanley is backing Nearmap to continue with its strong sales until FY20 with all eyes on the company's US portfolio, which has more than doubled in size, with the largest annual annualised contract value growth in Nearmap's US history – growing 143%.
Nearmap is focused on building its subscription bases in the US and Australia with efforts on sales and marketing capabilities to deliver continued growth.
One to keep an eye on.
Nanosonics Ltd (ASX: NAN)
Infection prevention company Nanosonics has seen a share price surge in the last couple of months – hitting a 52-week high of $3.30 in late June before dropping back to close off July 11 at $3.12.
With the company recently reporting the launch of its Trophon2 for customers in North America and Europe, Nanosonics has a decent future.
At an investor presentation in May, Nanosonics signalled significant global market opportunities for its products, with the increasing number of international guidelines for disinfection assisting to grow demand.
The company has global partners in place in Sweden, Qatar, Kuwait, Ireland and the larger markets of the US, UK, Germany and Japan.
An emerging player to keep on your watch list.
Silver Lake Resources Limited (ASX: SLR)
Gold production and exploration company Silver Lake Resources Limited may not have the clout of the likes of Northern Star Resources Ltd (ASX: NST) or Evolution Mining Ltd (ASX: EVN), but it looks to be on its way to big things.
As a good start, Silver Lake has no debt, but is bringing in strong quarterly gold sales, making it a cheap gold stock for investors who want to get into the sector on the ground level.
Late last month Silver Lake announced a 75% increase in ore reserves at its Mount Monger Aldiss Mining Centre with future exploration focused on prioritising targets in close proximity to established infrastructure.
Shares in Silver Lake have been tracking upwards over the last 12 months, with its July 11 closing price of 58c per share up 31% on its 44c per share price at this time last year.
An affordable entry into the gold sector which will likely pay off nicely.
