Shares in software company Vection Technologies Ltd (ASX: VR1) are lifting today after it released its quarterly activities and earnings report for Q1 FY22.

At the time of writing, the Vection share price is trading 7% higher at 10.5 cents each, slightly off its intraday high o 10.75 cents.

Here we cover all of the main data points from Vection’s performance for the quarter ending 30 September 2021.

Vection share price rises on strong cash receipts growth

The software giant outlined several investment highlights it had achieved last quarter, including:

• 172% cash receipts growth from the previous quarter, to $2.8 million — aligned with
  FY22 growth objectives
• Strong growth opportunity in FY22 underpinned by a FY22 total contract value (TCV) of around $5 million
• Strengthened advisory board (following first appointment of former CIO R&D of Mercedes-Benz, Dr Siegmar Haasis)
• Strategic agreements underway to position the company for further growth during FY22
• Company fully funded to deliver on its growth strategy with $6.8 million of cash at bank.

What happened in Q1 for Vection?

It was a period of strong growth in cash flow for Vection, seeing as it grew cash receipts by 172% to almost $3 million from the previous quarter.

This was supported by a further $5 million in added in TCV, underscored by large contributions from its real estate and defence/law enforcement exposure. Each contributed 32% and 19% to TCV during the quarter, respectively.

Vection also progressed the integration of JMC Group within its wider operations. The company reckons this will be accretive to cost efficiencies and growth in its American & APAC divisions.

The company also established an advisory board this quarter, to “gain a technological advantage in specific verticals, gain wider market recognition market positioning” on a global scale.

It also left the quarter well capitalised to “provide a strong base to pursue the aggressive 2021 growth strategy” alongside acquisition initiatives.

This appears to include its ‘verticalisation strategy’ by diversifying its TCV contributions and “providing strong growth opportunities” in currently underserved segments expected to increase in the next quarters.

From its technology standpoint, the company also launched Mindesk for Autodesk Revit, thereby gaining exposure to its approximately 11 million AEC users.

Furthermore, Vection announced the launch of its Webex integrated FrameS solution early in the quarter. This, it states, is a “3D collaborative app enabling hybrid workforces and unique 3D workflows directly within the Webex experience”.

It is expected for the second half of FY22, according to the announcement.

What did management say?

Speaking on the announcement, Vection managing director Gianmarco Biagi said:

The integration of the newly established divisions within the broader Vection ecosystem, coupled with organic growth and cross selling, is generating continued quarter on quarter global growth.

A stronger and growing FY22 TCV metric enables management to focus on strategic initiatives to support the company’s global strategy during FY22 and in the years to come. Vection’s management remain fully aligned with the growth strategy and the interest of all stakeholders.

What’s next for Vection?

The company intends to expand its verticalisation strategy, which it says will include the reinforcement of existing global infrastructure to commercialise technologies while increasing global market penetration.

It also wants to boost its footprint across Europe, the Middle East and Africa; North, Central and South America; and Asia Pacific.

Finally, Vection is focusing on developing breakthrough technologies “to support the company’s global commercial activities, within the requirements of digital transformation (DX) to support its core technology stack”.

It’s been a difficult year for the Vection share price. The company posted a loss of 12.5% since January 1, extending its loss over the past year to 19%.

That’s well behind the benchmark S&P/ASX 200 index (ASX: XJO)’s return of around 25% in that same time.

The post Why the Vection (ASX:VR1) share price lifted 9% on Friday appeared first on The Motley Fool Australia.

More reading

• Fortescue (ASX:FMG) share price wobbles as crackdown hits iron ore prices
• What’s happening with the CBA (ASX:CBA) share price this week?
• Transurban (ASX:TCL) share price edges lower amid completion of WestConnex acquisition
• Leading broker says ANZ (ASX:ANZ) share price is a buy
• Origin (ASX:ORG) share price slides on mixed energy market sales

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Fortescue Metals Group Ltd (ASX: FMG) share price is threatening a new year-to-date low on Friday, down 0.14% to $14.00.

We take a look at what could be weighing on the iron ore giant’s shares today.

Iron ore prices tumble

Iron ore prices tumbled US$7.21 or 6.02% on Thursday night to US$112.65 a tonne. Sources told Fastmarkets that prices fell after stricter emissions restrictions were introduced in China’s steelmaking hub of Tangshan.

Chinese iron ore futures on the Dalian Commodity Exchange fell on open on Friday, with the most actively traded contracts for delivery in January 2022 sliding 3.9% to around 650 yuan (US$101) a tonne.

China intervenes in commodity markets

In further news possibly affecting the Fortescue share price, Chinese policymakers have beefed up measures to take the heat out of surging commodity prices.

According to Reuters, thermal coal prices plunged 10% after the state planner asked major coal-producing provinces to probe and regulate illegal storage sites and crack down on hoarding behaviours.

Looking over at steel and iron ore demand, analysts with CITIC Securities said: “Affected by energy consumption controls, environmental curbs during winter heating season and the Winter Olympics… steel supply is expected to be restricted continuously, iron ore demand will be dented in the long term.”

Fortescue share price snapshot

The Fortescue share price hit a 12-month low of $13.91 on October 7 but has since been hovering around the low $14 level. Its recent rallies to above $15 have also been short-lived, followed by snap selloffs back to $14.

On one hand, China’s slowing economic growth could serve as a potential tailwind for iron ore prices. Earlier this month, the world’s second-largest economy flagged a 4.9% year-on-year increase in third-quarter GDP, the slowest since a year ago.

On the contrary, the Fortescue share price might appear ‘cheap’ given its 43.5% year-to-date decline and coming off the back of a record year of earnings.

Fortescue shares are down 15.8% over the past 12 months.

The post Fortescue (ASX:FMG) share price wobbles as crackdown hits iron ore prices appeared first on The Motley Fool Australia.

More reading

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• Fortescue (ASX:FMG) share price rises on record Q1 shipments
• Is green hydrogen the future for Fortescue (ASX:FMG) shareholders?
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Commonwealth Bank of Australia (ASX: CBA) share price is deep in the red today, down 1.6% to $105.11 per share.

It’s not just CommBank sliding today though. The S&P/ASX 200 Index (ASX: XJO) is down 0.7% at time of writing.

Today – barring a miracle late hour rally – will mark the second day of losses for CommBank this week.

The CBA share price fell 0.3% on Tuesday, while posting gains of 0.6% on Monday, 1% on Wednesday, and 0.7% yesterday.

All together, this leaves CommBank shares up 0.2% since last Friday’s closing bell.

Buy, sell, hold?

Over the week, The Motley Fool reported on a number of broker recommendations regarding the CBA share price.

Coming out with a bearish view is Morgan Stanley. Morgan Stanley has a sell rating on the big bank with a price target of $90 over the next 12 months. That’s some 15% below the current price.

As my Foolish colleague James Mickleboro noted:

The broker notes that the tougher lending standards set by APRA could mean less Australian loans compared to if there had been no changes. That could be impactful on CBA in-particular because of how much of its profit comes from the Australian residential market.

On the bullish side of the coin for the CBA share price is Bell Potter, which has a buy rating and $118 price target.

As The Motley Fool reported:

Bell Potter likes CBA due to its strong position as the leader in home lending and retail deposits. It also notes that it has a very strong balance sheet with significant surplus capital. In addition, the broker sees opportunities to add value via SME banking, wealth management, and selective Asian expansion.

CBA share price snapshot

Despite today’s selloff, the CBA share price has strongly outperformed the benchmark in 2021.

CommBank shares are up 25% year-to-date, compared to a gain of 10% posted by the ASX 200.

Over the past month, CBA shares are up 2%.

The post What’s happening with the CBA (ASX:CBA) share price this week? appeared first on The Motley Fool Australia.

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• Here’s why the 90-year old CBA (ASX:CBA) school banking program is no longer

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Transurban Group (ASX: TCL) share price is dipping lower during afternoon trade on Friday. This comes after the toll road operator announced that it has reached financial close of the remaining interest in WestConnex.

At the time of writing, Transurban shares are fetching for $13.435, down 1.79%.

Transurban completes WestConnex acquisition

In a statement to the ASX, Transurban advised that Sydney Transport Partners (STP) has completed the takeover of WestConnex.

The New South Wales Government offloaded the last of its 49% stake in the asset for an $11.1 billion price tag. Transurban secured the initial 51% interest in 2018 for $9.3 billion.

The acquisition will take STP’s total ownership interest in WestConnex to 100%. Transurban owns 50% of STP alongside other strategically aligned partners.

This brings the company to control most of the toll roads in New South Wales, Victoria and Queensland. However, there are fears that having a dominant position, Transurban can force motorists to pay high tolls.

Transurban owns all toll roads located in Sydney, except for the Harbour Bridge and the tunnel.

The deal was funded through a combination of existing corporate liquidity and new equity that was raised in September. Transurban received $4.22 billion through a capital raise with $3.97 billion from an accelerated pro rata renounceable entitlement offer.

Transurban CEO Scott Charlton touched on the Sydney’s WestConnex project nearing completion, saying:

We feel privileged to take Sydney Transport Partners’ holding in this critical asset – one of the largest road infrastructure projects in the world – to 100%. This transaction is expected to generate significant Free Cash for the life of the concession, underpinned by strong asset fundamentals and potential upside from future infrastructure development and economic growth across Greater Sydney.

Transurban share price summary

In the past 12 months, Transurban shares have moved in circles recording nil gains for investors. When looking at year-to-date returns, the same has been logged for the majority of 2021.

Transurban has a price-to-earnings (P/E) ratio of 172.41 and commands a market capitalisation of roughly $42.21 billion.

The post Transurban (ASX:TCL) share price edges lower amid completion of WestConnex acquisition appeared first on The Motley Fool Australia.

More reading

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• Top brokers name 3 ASX shares to buy next week
• Transurban (ASX:TCL) share price slides as traffic volumes push lower
• Why is the Transurban (ASX:TCL) share price beating the ASX 200 today?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price has run out of steam on Friday.

In afternoon trade, the banking giant’s shares are down almost 1% to $28.35.

Despite this, the ANZ share price is still up 23% since the start of the year.

Where next for the ANZ share price?

The good news is that one leading broker still believes the ANZ share price can rise further from here.

In response to the bank’s full year results on Thursday, the team at Goldman Sachs has retained their buy rating and lifted their price target on the company’s shares to $31.82.

Based on the current ANZ share price, this suggests there’s still 12.2% upside for investors before dividends.

And with Goldman expecting a $1.50 per share fully franked dividend in FY 2022, the total potential return stretches to approximately 17.5%.

What did the broker say about FY 2021?

Goldman Sachs was pleased with the bank’s performance during the second half of FY 2021. It notes that ANZ delivered a result well ahead of its expectations.

The broker said: “ANZ’s 2H21 cash earnings were up 37% on pcp to A$3,208 mn and 11% ahead of GSe, with the beat largely driven by a lower than expected BDD charge. 1H21 PPOP came in 6% higher than GSe, driven by higher trading income and a better-than-expected performance on NIMs, partially offset by higher expenses. The proposed final DPS of A72¢ implies a payout ratio of 63% (non-discounted DRP, to be neutralised) and 2H21 CET1 ratio of 12.3% (18.35% globally-harmonised) was 13 bp stronger than GSe.”

What about the future?

Goldman named a number of reasons why it remains bullish on the ANZ share price.

It explained: “Overall, we see today’s result as a positive and we maintain our Buy rating on ANZ given i) ANZ appears to be on track to reach its FY23 cost target of A$8 bn, which should alleviate some of its revenue pressures, ii) management notes capacity to drive better housing volumes has been expanded, and volume growth is evident across other parts of the balance sheet, iii) its Markets income has exhibited a positive divergence in trend versus peers, which ANZ attributes to a more diversified business that it expects can be sustained, iv) the stock is trading more than one standard deviation cheap versus the sector on PPOP multiples (27% discount vs. 11% 15-year average discount), and v) our 12-mo TP offers c. 17% TSR.”

This could make ANZ a share to consider if you’re looking for options in the banking sector.

The post Leading broker says ANZ (ASX:ANZ) share price is a buy appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• ASX 200 (ASX:XJO) midday update: ANZ result impresses, Fortescue higher
• ANZ (ASX:ANZ) share price higher after beating expectations in FY21
• ANZ (ASX:ANZ) share price on watch after FY21 profit surge
• 5 things to watch on the ASX 200 on Thursday

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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Origin Energy Ltd (ASX: ORG) share price is trending downwards. The negative price movement comes after the energy company released its first-quarter update for FY22.

At the time of writing, shares in Origin are trading for $5.05 – down 1.37%. For context, the S&P/ASX 200 Index (ASX: XJO) is 0.66% lower.

Let’s take a closer look.

Why the Origin share price is dipping

In a statement to the ASX, Origin Energy gave an update on its trading and production levels.

• Australia Pacific Liquified Natural Gas (APLNG) production and sales volumes for the quarter were stable compared to the June quarter “despite planned downstream shutdown during the period”.
• APLNG commodity revenue increased 25% on the prior quarter and 69% on the corresponding 2020 quarter, primarily driven by higher realised oil prices.
• Electricity sales volumes were up 3% compared with the corresponding 2020 quarter. Retail volumes were “flat” with higher residential demand offset by lower usage due to solar and energy efficiency. However, natural gas sales were 7% lower.
• There was a 6% increase in business volumes due to net customer wins, which “more than offset” COVID-related losses, according to the company.

These mixed results aren’t impressing investors, at least judging by the falling Origin share price.

Management commentary

Origin CEO Frank Calabria said:

The rebound in global commodity prices drove a significant increase in revenue at Australia Pacific LNG for the quarter.

The announcement to sell a 10 per cent interest in Australia Pacific LNG represents an opportunity for Origin to crystalise some of the significant value we have created in this world-class asset, while retaining a substantial shareholding and our role as upstream operator.

In Energy Markets, our electricity volumes increased with net business customer wins and higher residential usage, offsetting lower demand from business and commercial customers due to a downturn in economic activity across many sectors.

Origin share price snapshot

Over the past 12 months, the Origin share price has increased 25.8%. Year-to-date, the company’s shares appreciated only 4.7%.

Its 52-week high is $5.48 and its 52-week low is $3.87 per share.

Origin Energy has an approximate market capitalisation of $8.9 billion.

The post Origin (ASX:ORG) share price slides on mixed energy market sales appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares the ‘Aussie Berkshire Hathaway’ loves the most right now
• Could the Origin (ASX:ORG) share price hit $6 by the end of 2021?
• Latest ASX 200 shares to make it on top brokers’ buy list
• Why Beach, Mineral Resources, Origin, and Telstra are storming higher
• Origin Energy (ASX:ORG) share price on watch following $2b deal

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There are plenty of quality, high performing ASX shares.

Like online luxury goods retailer Cettire Ltd (ASX: CTT). The Cettire share price tops the leader’s board of big gainers on the All Ordinaries Index (ASX: XAO) in 2021, up a remarkable 618% year-to-date.

With that said, ASX shares make up only some 2% of the total global share market. So it’s worth considering looking beyond our shores to potential opportunities overseas.

But don’t just take my word for it.

According to The Motley Fool’s own Scott Phillips:

Investing internationally delivers tremendous portfolio diversification benefits and brings a world of opportunities to your investment doorstep.

And indeed, while the diversification benefits are very important, I actually think they run second to the sheer investment opportunities that exist overseas. Some of the very best companies on this blue and green planet aren’t on the ASX – so why would we limit ourselves to just our home market?

With that in mind, we take a look at 3 small-cap international shares tipped during yesterday’s ‘Bell Asset Management – Global equities market update and outlook for 2022’ webinar.

Looking beyond ASX shares

Ned Bell, Bell Asset Management’s chief investment officer, spearheaded the webinar.

On the buy side for the asset manager, he named 3 international shares that have come off their highs to be trading within Bell Asset’s buy level. Namely: Amedisys Inc (NASDAQ: AMED), GN Store Nord A/S (CPH: GN) and Intertek Group plc (LON: ITRK).

According to Bell:

GN, Intertek and Amedisys… are 3 names that we’ve been watching. We’ve owned Intertek before… They’ve been a little bit too expensive. We’ve been waiting from some earnings uncertainty and volatility to give us a buying opportunity. And that’s exactly what’s happened.

Those 3 names have come off their highs. They’ve got down to our buy levels, and that’s what triggered the buy here…

What these stocks all have in common, Bell added, “is that we’ve been patient on getting into them. And we think, looking ahead to the next 12-24 months, you’re going to get some P/E [price to earnings ratio] re-ratings.”

If you’ve been focused primarily on ASX shares you may not be familiar with these names.

In a nutshell:

Amedisys is a US healthcare company with a market cap of approximately US$5.4 billion. Shares finished up 4% yesterday but remain down 40% over the past 6 months.

GN is a Danish manufacturer of hearing aids and headsets. The GN share price finished up 1% yesterday and is down 24% over the past 6 months.

Intertek is a London-based global quality assurance provider. Shares finished flat yesterday and are down 20% over the past 6 months.

The post Beyond ASX shares: Bell Asset tips three international shares as buys appeared first on The Motley Fool Australia.

More reading

• Brokers name 3 ASX shares to buy today
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• Why HT&E, JB Hi-Fi, Reece, and ResMed shares are charging higher
• Here’s why the Blue Star Helium (ASX:BNL) share price is sinking 8% on Friday

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cettire Limited. The Motley Fool Australia has recommended Cettire Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

BlueBet Holdings Ltd (ASX: BBT)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this sports betting company’s shares to $2.60. The broker made the move in response to the release of a stronger than expected first quarter update. In addition, Morgans believes that management’s first half guidance is conservative and expects its Australian business to continue winning market share. The BlueBet share price is trading at $1.99 today.

Corporate Travel Management Ltd (ASX: CTD)

A note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this corporate travel management company’s shares to $27.78. In response to the company’s first quarter update, the broker has increased its revenue and earnings estimates for FY 2022. It also feels Corporate Travel Management is likely to be trading ahead of consensus forecasts at present thanks to an uptick in activity levels across all regions. The Corporate Travel Management share price is fetching $24.62 today.

Pointsbet Holdings Ltd (ASX: PBH)

Analysts at Credit Suisse have retained their outperform rating but cut their price target on this sports betting company’s shares to $12.80. This follows the release of a softer than expected first quarter update. Nevertheless, Credit Suisse remains positive on the company’s future and continues to believe it can win a 10% share of the US market. The PointsBet share price is trading at $8.25 on Friday afternoon.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• Why Audio Pixels, Marley Spoon, PointsBet, and Vulcan shares are sinking
• PointsBet (ASX:PBH) share price extends losses on Friday, down 25% this week
• ASX 200 (ASX:XJO) midday update: Macquarie doubles profit, ResMed jumps
• Why Goldman says PointsBet (ASX:PBH) share price sell off is a buying opportunity
• Why Codan, IOOF, Orocobre, and PointsBet shares are tumbling

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 MEGAPORT FPO. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in uranium mining company Peninsula Energy Ltd (ASX: PEN) are climbing in afternoon trade and are currently 4.9% higher at 26 cents each.

Peninsula Energy shares are on the move after the company released its quarterly activities and earnings report.

We pull apart the central points of Peninsula’s performance for the period ending 30 September 2021.

Peninsula Energy share price up as uranium market value lifts

The company outlined several investment highlights for the quarter, including:

• Available cash of US$7.4 million at 30 September 2021
• Sale of 200,000 pounds of U3O8 at US$50.35 per pound, up from US$49.57 quarter on quarter
• Generated a net cash margin of US$3.5 million in October 2021, in line with previous quarter
• 310,000 pounds of uranium in converter accounts at 30 September 2021
• Market value of uranium in converter accounts US$13.1 million (US$42.20 per pound U3O8), a 32% increase from the quarter prior.

What happened this quarter for Peninsula Energy?

Peninsula took steps to address inefficiencies following variability in the well production results at the Lance Project in Wyoming.

It first prepared a hydrogeologic model to “simulate solution flow paths” and capture where the inefficiencies were occurring. It installed two additional wells within “potentially unaddressed zones of the pattern area” at the site.

There was a positive outcome as the “two new injection wells drove the composite recovery grade higher soon after activation”. Peninsula also evaluated “additional pattern configurations with shorter expected overall response times”.

Separately, Peninsula sold 200,000 pounds of uranium under long-term contracts. The realised average cash price was US$50.35 per pound, up from US$49.67 in the previous three months.

The release notes that deliveries were completed using uranium purchased in the market. This generated a net cash margin of $3.5 million which is equal to the past quarter.

By the end of the quarter, Peninsula had “uranium concentrate sale agreements with major utilities for up to 5.05 million pounds of uranium”.

These agreements stipulate an average price of US$51-$53 per pound. There is a firm commitment to 3.7 million pounds, with an optional extra 1.35 million pounds available to customers.

What’s next for Peninsula Energy?

Based on its secured long-term uranium sale agreements, Peninsula forecasts a secured net cash margin of US$7 million to US$8 million for the remainder of CY21.

Uranium sales are expected to generate a net cash margin of US$8 million to US$9 million in CY22. This is a 12-14% bump.

The forecast net cash margin is based on the difference between the fixed purchase price and the likely sales price.

Coming into December this year, Peninsula has “scheduled open committed sales of 50,000 pounds of uranium pursuant to long-term contracts”. It intends to source this from its existing portfolio of binding purchase agreements.

Peninsula Energy share price snapshot

The Peninsula Energy share price has soared by 114% this year to date. This extends its 12-month returns to 328%.

Peninsula’s gains are far greater than those of the S&P/ASX 200 index (ASX: XJO), which is up 24% in 12 months.

The post Why the Peninsula Energy (ASX:PEN) share price is lifting 4% today appeared first on The Motley Fool Australia.

More reading

• Why did the Peninsula (ASX:PEN) share price leap 5% on Tuesday?
• ASX uranium shares are surging this week. Here’s why
• Why the Peninsula Energy (ASX:PEN) share price is rocketing 20% today
• Why ASX uranium shares are bouncing back on Friday
• How did ASX uranium shares perform in September?

The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a disappointing note. At the time of writing, the benchmark index is down 0.7% to 7,378.9 points.

Four ASX shares that are falling more than most today are listed below. Here’s why these ASX shares are sinking:

Audio Pixels Holdings Ltd (ASX: AKP)

The Audio Pixels share price has tumbled 11% to $23.55 following the release of its quarterly update. Investors may be concerned with the digital speaker development company’s balance sheet. At the end of the period, the company had cash of just under $500,000 and a $2 million loan facility. This gives it just 1.7 quarters worth of funding.

Marley Spoon AG (ASX: MMM)

The Marley Spoon share price has crashed 31% to $1.04. This follows the release of the meal kit delivery company’s quarterly update. Due to volatile consumer behaviour, the company has downgraded its full year revenue growth guidance. It now expects growth of 26% to 28% compared to previous guidance of 30% to 35% growth.

Pointsbet Holdings Ltd (ASX: PBH)

The Pointsbet share price is down 6% to $8.11. Investors have been selling the sports betting company’s shares since the release of its first quarter update yesterday. That update revealed softer growth than the market was expecting. Goldman Sachs believes the selloff is a buying opportunity.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan Energy share price is sinking 14% to $12.89. This morning this lithium developer’s shares returned to trade after responding to a scathing report from short-focused activist investor J Capital. In response, Vulcan stated that the report contains many claims that are wrong and misleading. Despite this, a good number of investors appear to have been spooked and have been rushing to the exits on Friday.

The post Why Audio Pixels, Marley Spoon, PointsBet, and Vulcan shares are sinking appeared first on The Motley Fool Australia.

More reading

• PointsBet (ASX:PBH) share price extends losses on Friday, down 25% this week
• ASX 200 (ASX:XJO) midday update: Macquarie doubles profit, ResMed jumps
• Marley Spoon (ASX:MMM) share price crashes 34% to new 52-week low
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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 Marley Spoon AG and Pointsbet Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Marley Spoon AG. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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