ASX Top Gainers: Vmoto Ltd (ASX:VMT) GME Resources Limited (ASX:GME) And Tymlez Group Ltd (ASX:TYM)

Sector Reports > Latest News > ASX > ASX Top Gainers: Vmoto Ltd (ASX:VMT) GME Resources Limited (ASX:GME) And Tymlez Group Ltd (ASX:TYM)

Vmoto Launches Two New Electric Scooters

Vmoto Ltd (ASX:VMT) stock rallied by more than 20%  on the company launching two new electric scooter models to strengthen its product line further.  E-max VS1 and Super Soco CPx are the two new models that the company intends to use to strengthen its competitive edge.

The launch of the two electric scooters underscores Vmoto Limited push to remain at the forefront of the burgeoning electric scooters market. The two also affirm the company’s growth strategy of remaining a leader in the manufacturing and supply of high-quality two-wheel vehicles.

The company is to use the two B2B electric scooters to target commercial customers. The company is especially targeting food and delivery companies looking to enhance their delivery operations with electric scooters.

Vmoto Limited has already received significant interest from potential customers looking to purchase the two electric scooters. Having already elicited interest internationally. The company intends to distribute the scooters through B2C distributing channels in over 40 countries.

The unveiling of the two scooters comes hot on the heels of the company reporting positive operational cash flow for the third quarter of 2019. The company ended the quarter with a strong cash position of A$6.4 million, up from A$1.3 million in the second quarter.

GME Resources Mining Project Update

GME Resources Limited (ASX:GME) continues to rally in the market after providing a positive update for its flagship NiWest Nickel Cobalt Project. The company is currently engaged in productive engagement with potential strategic partner ahead of a proposed Definitive Feasibility Study.

Engagement with potential investment partners comes at a time when Nickel prices remain relatively strong and continue to edge higher. In addition to the Nickel project, GME Resources has also commenced a review of its gold assets in the Murrin Murrin region. The review seeks to identify potential high-grade open-pit developments as the company seeks to take advantage of the high gold prices,

Tymlez Group Blockchain Platform Adoption

Tymlez Group Ltd (ASX:TYM) rallied by more than 15% days after confirming that the Vrije Universiteit of Amsterdam has adopted its blockchain solution platform. The higher learning institution is to use the blockchain platform as a teaching foundation for smart contracts

The integration is the result of a long-running collaboration between the company and the learning institution. In recent months the two have worked together on methods for modeling various sustainable blockchain-based business cases. The two have also researched governance models for blockchain business cases

The collaboration comes just days after the company confirmed it has received A$700,000 on completion of a private placement. The company issued 15.9 million ordinary shares priced at A$0.44 a share.

Tymlez Group intends to use net proceeds from the offering to pivot its sales to scalable and high margin channels. The software and technology company intends to expand its sales channels to high margin channels such as Google Marketplace and Hewlett Packard Enterprise.