Winners and Losers: Micro-X’s macro dip
The Tonsley Innovation District-based med-tech company saw its shares drop 20 per cent last week, slashing around $8 million from its value.
Micro-X staff working on the flasgship Nano mobile x-ray at their Tonsley headquarters in South Australia.
The release of a strategy refresh presentation last Monday kicked off the downward spiral, with shares now approaching record lows for X-ray technology company Micro-X.
MX1 shares now trade at just ten cents a pop, while the company’s market capitalisation is $51.65 million – around $8 million less than this time last week.
Graphite firm Renascor Resources also suffered a significant slip, with shares tumbling by 18.42 per cent last week to 16 cents per share.
Of the winners, Adbri took the top spot this week, rising by nearly 6 per cent – adding $10 million in market value in the process.
Terramin’s 4.17 per cent resulted in nearly $20 million in a value uplift and follows its announcement that it filed legal proceedings in the SA Supreme Court seeking a judicial review of Energy and Mining Minister Tom Koutsantonis’s February refusal to let it revive the historic Bird in Hand gold mine near Woodside.
Codan, Elders and Mayne Pharma rounded out the top five.
Check out this week’s top five Winners and Losers for the week ending 11 August:
