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 man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Dateline, DroneShield, Ora Banda, and Pilbara Minerals shares are dropping today

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

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Qantas, Resimac, Tyro, and Soul Patts shares are falling today

These shares are having a tough session today. But why?

Read more »

a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.
Share Fallers

Why Betr, Evolution, NIB, and West African Resources shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Share Fallers

Why Elders, IDP Education, Life360, and Pilbara Minerals shares are falling today

Let's see why investors are selling these shares.

Read more »

a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.
Share Fallers

The 5 worst performing ASX 200 shares in May unmasked

These five ASX 200 shares got smashed in May. But why?

Read more »

Disappointed man with his head on his hand looking at a falling share price his a laptop.
Share Fallers

Why Brazilian Rare Earths, Mineral Resources, Pilbara Minerals, and Syrah shares are falling

Why are these shares starting the week in the red?

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Brainchip, Findi, Lottery Corp, and REA shares are falling today

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

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why ALS, Black Cat, Boss Energy, and Soul Patts shares are falling today

These shares are falling on Thursday. Let's find out why.

Read more »