Emerging Stocks Down Under 29 December 2020: Cleanspace Holdings, Auscann Group, Volpara Health Technologies
Cleanspace Holdings: Don't go cleaning your portfolio
In today's edition of Emerging Stocks Down Under, headquartered in the Sydney suburb of Artarmon, CleanSpace Holdings designs, develops and sells masks and respirators for both healthcare and industrial purposes. The company took full advantage of the markets demand for COVID-19 related healthcare stocks and listed on the ASX on 23 October 2020 at $4.41 per share. The stock rallied hard on its first day ending up 69% higher at $7.44, but it has since declined to $6.55. Despite the continued advancement of COVID-19, we think this stock has gotten far ahead of itself.
Also in today's edition, a look at medical cannabis company AusCann (ASX: AC8) and medtech Software-as-a-Service company Volpara Heath Technologies (ASX: VHT).
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Click here to read the previous edition of Emerging Stocks Down Under published 22 December 2020