Stocks to watch on the Australian securities exchange:
AD1 – APPLYDIRECT – up one cent, or 9.1 per cent, at 12 cents
Shares in recruitment technology company ApplyDirect are up after the company announced it will work with Google on a potential push into the Australian job search market.
EVN – EVOLUTION MINING – down three cents, or 1.1 per cent, at $2.73
Gold miner Evolution says it is on track to “comfortably” meet its full-year guidance, despite a fall in gold production in the December quarter after it sold a mine in Western Australia.
FMG – FORTESCUE METALS – up five cents, or one per cent, at $5.14
Fortescue Metals has reported an eight per cent fall in iron ore shipments while cash costs for its second quarter have also dropped.
NCM – NEWCREST MINING – down 38 cents, or 1.65 per cent, at $22.63
Newcrest Mining has posted a 17.2 per cent increase in gold production in the December quarter, driven by increased production at four of its mines.
NVT – NAVITAS – down 34 cents, or 6.5 per cent, at $4.90
Education provider Navitas’s half-year profit has fallen by 53.6 per cent to $24.7 million, hit by the previously announced closure of some colleges and a decline in government-backed language training contracts.
VRL – VILLAGE ROADSHOW – down 43 cents, or 10.5 per cent, at $3.68
Village Roadshow has flagged a poor first half with low cinema and theme park attendances expected to “substantially” impact its results for the period.