Why Boss Energy, Calix, Frontier Digital, and Gold Road shares are falling today

These ASX shares are having a tough time on Monday. But why?

| More on:
Worried ASX share investor looking at laptop screen

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 starting the week positively. In afternoon trade, the benchmark index is up 0.3% to 7,576.4 points.

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

Boss Energy Ltd (ASX: BOE)

The Boss Energy share price is down 7% to $5.20. Investors have been selling this uranium developer's shares partly in response to a broker note out of Bell Potter. According to the release, the broker has downgraded its shares to a speculative hold rating but with an improved price target of $6.41. It said: "We upgrade our valuation to $6.41/sh (previously $5.69/sh) on changes to our price outlook, and downgrade BOE to Speculative Hold (from speculative Buy) as the stock has out-performed peers."

Calix Ltd (ASX: CXL)

The Calix share price is down 21% to $1.84. This morning, this environmental technology company announced that the Leilac-2 project will move to another Heidelberg Materials' site following a decision by Heidelberg Materials to end clinker production at its Hanover cement plant. Calix and its subsidiary, Leilac, are currently working with Heidelberg Materials to identify a suitable new site for the project as soon as possible.

Frontier Digital Ventures Ltd (ASX: FDV)

The Frontier Digital share price is down 9.5% to 48 cents. Investors have been selling this digital listings company's shares following the release of its quarterly update. Although the company posted a 3.9% quarter on quarter increase in revenue, its EBITDA was down 23%.

Gold Road Resources Ltd (ASX: GOR)

The Gold Road share price is down 16% to $1.44. This follows the release of the gold miner's quarterly update this morning. Management revealed that its production was lower quarter on quarter due to delays accessing higher grade ore from the open pit. In addition, labour availability impacted the ore mining rate.

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. has positions in and has recommended Frontier Digital Ventures. The Motley Fool Australia has recommended Frontier Digital Ventures. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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 »