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Ferrum Crescent and Vivid Technology top morning gainers on ASX

Ferrum increases 100% on release of a maiden resource estimate.
ASX chart
Vivid is up 69% after a strong quarterly cash flow report

Ferrum Crescent Ltd (ASX:FCR) and Vivid Technology Ltd (ASX:VIV) were the biggest gainers on the ASX this morning.

Ferrum Crescent increased 100% to $0.002 on release of a maiden lead-zinc-silver resource estimate while Vivid was up almost 69% to $0.076.

Positive net operating cash flow

Vivid released its quarterly cash flow report which showed positive net operating cash flow of $2.4 million for the December quarter.

The net operating cash flow for the six months to 31 December 2017 was positive and the group finished the year with cash on hand of $3.9 million.

After cash receipts increased 192% to $4.8 million, the company’s outlook also looks positive with growth in its order book and success of its move to ‘Industry 4.0’.

This involves merging of data, communication, analytics and algorithms to improve operational performance and efficiencies across customers’ businesses.

Vivid’s increase occurred under volumes in excess of 14 million, which eclipsed the previous 12 month record shares traded in a day of less than 2 million.

Maiden resource estimate for Toral project

Ferrum Crescent announced a resource estimate of 16 million tonnes at 6.9% zinc equivalent for the Toral project in Spain.

This includes 670,000 tonnes of zinc, 540,000 tonne of lead and 13 million ounces of silver.

Company Name Code Last Change Volume
Ferrum Crescent Ltd FCR $0.002 100% 26,846,146
Vivid Technology Ltd VIV $0.076 68.89% 14,391,180
White Cliff Minerals Ltd WCN $0.004 33.33% 70,085,221
K2 Energy Ltd KTE $0.014 27.27% 95,000
IPE Ltd IPE $0.120 23.71% 3,304,406
Immuron Ltd IMC $0.280 21.74% 485,837
Tinybeans Group Ltd TNY $0.700 20.69% 115,626
Knosys Ltd KNO $0.140 16.67% 855,787
Legacy Iron Ore Ltd LCY $0.007 16.67% 26,000
Winmar Resources Ltd WFE $0.007 16.67% 1,503,000

 

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