Emerging Stocks Down Under 12 January 2021: Elixinol Global, Calix, Micro-X
Elixinol Global: Hemp turnaround
In today's edition of Emerging Stocks Down Under, the year 2020 was not kind to Elixinol Global, the Sydney-based supplier of hemp nutraceuticals and food products. The stock was $1.30 on 20 January but by 28 September it was down to just 14 cents. We think, however, that there is life in this company yet. Cannabis and hemp stocks are making a comeback after two difficult years being out of favour and sales are improving for Elixinol under a new leadership team, while costs are coming down.
Also in today's edition, a look at advanced material producer Calix (ASX: CXL) and developer of portable X-Ray technology (ASX: MX1).
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Click here to read the previous edition of Emerging Stocks Down Under published 5 January 2021