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ASX 200 Ended in Red; Academic & Education Services Sector Fell by 1.65%
Market Updates

ASX 200 Ended in Red; Academic & Education Services Sector Fell by 1.65%

On 30th November 2020, the equity market of Australia ended in red as the benchmark index S&P/ASX200 encountered a decline of 1.26% to 6517.80. On the same day, academic & educational services sector fell by 1.65%. Sector Summary (Source: ...

  • November 30, 2020 09:32 PM AEDT
  • Team Kalkine
Horizon Power Receives State and Federal Support for Denham Renewable Hydrogen Plant
Stock Market

Horizon Power Receives State and Federal Support for Denham Renewable Hydrogen Plant

The Australian Renewable Energy Agency (ARENA) has provided $2.6 million in funding for the country’s first renewable hydrogen demonstration plant in Denham. The move highlights the Morrison Government’s support towards the development of...

Orcoda’s (ASX:ODA) Betta Group Acquisition “Perfect Fit” To Resource Logistics Division
Technology Stocks

Orcoda’s (ASX:ODA) Betta Group Acquisition “Perfect Fit” To Resource Logistics Division

Summary Orcoda Limited (ASX:ODA) has entered into a Share Purchase Agreement to purchase 100% of the shares in Betta Group of Companies Qld Pty Ltd (BGC). The total consideration for the transaction is expected to be $5 million, to be paid as a...

Horizon Minerals (ASX: HRZ) Set to Acquire 50% Interest in Penn’s Find Gold Project
Metal & Mining Stocks

Horizon Minerals (ASX: HRZ) Set to Acquire 50% Interest in Penn’s Find Gold Project

Summary A binding agreement was executed between Horizon Minerals and Orminex Ltd concerning the former’s acquisition of 50% interest in Penny’s Find gold project for $1.5 million cash. The acquisition aligns with Horizon’s re...

  • November 30, 2020 08:04 PM AEDT
  • Team Kalkine
Is the decline in JobKeeper aid receivers a signal for the Australian economy’s recovery?
Economy

Is the decline in JobKeeper aid receivers a signal for the Australian economy’s recovery?

Treasurer Josh Frydenberg announced that more than two million Australians have stopped receiving the JobKeeper subsidy in less than two months. Ever since the NSW government reduced the overall JobKeeper payment in September, the number of recipi...

Surefire Resources (ASX:SRN) Hits High-Grade Gold Mineralisation at Yidby, Stock Soars 32%
Metal & Mining Stocks

Surefire Resources (ASX:SRN) Hits High-Grade Gold Mineralisation at Yidby, Stock Soars 32%

Summary Surefire Resources NL (ASX:SRN) has announced substantial, high-grade intersections from drilling at the Yidby Gold Project. RC drillholes intersected gold mineralisation; drilling intersected broad zones of massive quartz veining assoc...

  • November 30, 2020 07:38 PM AEDT
  • Team Kalkine
Ionic Rare Earth strikes an upbeat tone for Makuutu Rare Earths Project
Metal & Mining Stocks

Ionic Rare Earth strikes an upbeat tone for Makuutu Rare Earths Project

Summary Ionic Rare Earth’s Makuutu is a low-cost, strategically significant Rare Earths Project in Uganda. Makuutu holds the REE mineralisation in the ionic adsorption clay, similar to the deposits of southern China, which are characteris...

MRG Metals Limited (ASX:MRQ) Reveals Impressive Assay Results From Phase 2 Aircore Drilling At Poiombo
Metal & Mining Stocks

MRG Metals Limited (ASX:MRQ) Reveals Impressive Assay Results From Phase 2 Aircore Drilling At Poiombo

Summary MRG Metals Limited (ASX:MRQ) announced the assay results from Phase 2 aircore drilling at Poiombo Target. The Phase 2 aircore data set has demonstrated zones of high grade heavy mineral sand mineralisation at the southwest end as well a...

CRESO Pharma (ASX: CPH) keen to cash in on EU court’s CBD ruling
Stock Market

CRESO Pharma (ASX: CPH) keen to cash in on EU court’s CBD ruling

ASX-listed Creso Pharma Limited (ASX:CPH) seems to be in high spirits after an encouraging update on the position of cannabidiol (CBD) products in Europe. The ruling by the highest European court is expected to create a slew of opportunities, which t...

  • November 30, 2020 06:16 PM AEDT
  • Team Kalkine
Australia’s Gold & Battery metals shine brighter despite COVID scourge
Economy

Australia’s Gold & Battery metals shine brighter despite COVID scourge

While the pandemic adversely affected the global economic scenario and the commodity markets, it acted as an unexpected catalyst for both gold and battery metals sectors. The rising call for clean energy has brought renewable energy and electric mo...

What are business indicators reflecting for the Q3 for the Australian economy?
Economy

What are business indicators reflecting for the Q3 for the Australian economy?

Data on Australia’s third quarter GDP is scheduled to be released on Wednesday, 2nd December 2020. The numbers would be closely watched as the gross domestic product (GDP) contracted 7 per cent in the June quarter when coronavirus related cur...

First Au Limited (ASX:FAU) Commences Deep Diamond Drilling Campaign
Gold Stocks

First Au Limited (ASX:FAU) Commences Deep Diamond Drilling Campaign

Summary First Au commences deep diamond drilling at Gimlet project to test the mineralisation beneath 500 metres. RC drilling program completed, drilling over 15 holes aggregating to 2,160 metres at Gimlet. Gimlet hosts a mineral resource of o...

  • November 30, 2020 05:26 PM AEDT
  • Team Kalkine
FYI Resources (ASX:FYI) Declares $6 million Capital Raising for HPA Project Development
Metal & Mining Stocks

FYI Resources (ASX:FYI) Declares $6 million Capital Raising for HPA Project Development

Summary FYI Resources (ASX:FYI) has announced $6 million placement to sophisticated and professional investors. The Placement has garnered strong support from local and international besides existing major shareholders. The proceeds from Place...

Why are Telix Pharmaceuticals (ASX:TLX) shares up ~10% today?
Stock Market

Why are Telix Pharmaceuticals (ASX:TLX) shares up ~10% today?

While the benchmark index ASX 200 ended the day’s session 1.26% lower at the end of today’s session, a fair share of ASX-listed companies witnessed a significant rise in their share price today. One such company is Telix Pharmaceuticals...

Eye on net-zero emissions target, Australia shells out $100 million on renewables
World News

Eye on net-zero emissions target, Australia shells out $100 million on renewables

Australia has unlocked more than A$100 million for clean, renewable energy projects as  part of A$1.6 billion Victorian Budget 2020/21. The investment will help develop new technologies to fast-track renewable projects, including offshore wind...

  • November 30, 2020 04:51 PM AEDT
  • Team Kalkine
Shallow Copper Presence Confirmed by Castillo Copper (ASX:CCZ) at Big One Deposit
Stock Market

Shallow Copper Presence Confirmed by Castillo Copper (ASX:CCZ) at Big One Deposit

ASX 200 metals and mining stocks have been under pressure on 30 November 2020, the ASX listed copper explorer Castillo Copper Limited (ASX:CCZ) stocks were down 10% and closed the day at $0.043. The shares were in pressure, despite the company putti...

  • November 30, 2020 04:45 PM AEDT
  • Team Kalkine
Platina Resources (ASX:PGM) to Crank Up Gold Hunt after Skaergaard Sale
Metal & Mining Stocks

Platina Resources (ASX:PGM) to Crank Up Gold Hunt after Skaergaard Sale

The much-awaited divestment of the Skaergaard project by Platina Resources Limited (ASX:PGM) to Major Precious Metals Corp (CSE: SIZE) has finally been closed. The deal is valued at AUD 13.7 million. The funds raised are planned to be di...

Northern Territory welcomes first international students in eight months
Economy

Northern Territory welcomes first international students in eight months

Northern Territory became the first Australian state to welcome the first batch of international students. A flight from Singapore transported 63 individuals from all over Asia – China, Japan, Hong Kong, Indonesia, and Vietnam. The students...

Flexigroup (ASX: FXL) rebrands to humm (ASX: HUM) to tap into BNPL action
Stock Market

Flexigroup (ASX: FXL) rebrands to humm (ASX: HUM) to tap into BNPL action

Summary Flexigroup Limited has rebranded itself to humm group limited The new ASX of humm group limited (ASX: HUM) coming into effect from today i.e. November 30, 2020 The company now aims to transform into a pure buy now, pay later (BNPL...

Australian lobster industry in troubled waters after Chinese restrictions
Economy

Australian lobster industry in troubled waters after Chinese restrictions

The China-Australia trade war has inflamed drastically over the past few months, adding the lobster industry to the pile of businesses in danger. Earlier this month, large amounts of shellfish were stuck at the Chinese airports, souring the alread...

ASX 200 Listed Newcrest Mining (ASX:NCM) signs Havieron JV with Greatland Gold Plc
Stock Market

ASX 200 Listed Newcrest Mining (ASX:NCM) signs Havieron JV with Greatland Gold Plc

ASX 200 listed gold mining company Newcrest Mining Limited (ASX:NCM) has entered a JV Agreement (fully-termed) for the Havieron Project with Greatland Gold Plc. Under the agreement, NCM has agreed to provide Greatland with a USD 50 million loan facil...

Is market poised for a Santa Claus rally post November uptick?
Stock Market

Is market poised for a Santa Claus rally post November uptick?

The ASX 200 is advancing to that time of the year when investors start to wonder about the prospects for a Santa Claus rally. There is always a hope among investors across the world that they would be rewarded as equities tend to rally in the last ...

Dollarmites’ days are numbered: Victoria bans school banking programs
World News

Dollarmites’ days are numbered: Victoria bans school banking programs

The state of Victoria will ban all banking-related courses in state schools starting from next year, including the infamous Dollarmites. The so-called low-quality programs, which were previously run by banks, will be substituted with on-school fin...

How has COVID-19 steered our mode of travel?
World News

How has COVID-19 steered our mode of travel?

The Covid-19 pandemic that took the world in its grip, undoubtedly made people adapt to living which perhaps no one would have heard of or dreamed of. However, by now, we all are familiar with the concept of social distancing, regular hand sanitisi...

  • November 30, 2020 01:38 PM AEDT
  • Team Kalkine
Select Harvests’ (ASX: SHV) Profit Nosedives by Over 50%
Stock Market

Select Harvests’ (ASX: SHV) Profit Nosedives by Over 50%

On 30 November 2020, ASX 200 opened the week on a weak footing. The benchmark index was down 0.77 percent. ASX-listed Select Harvests Limited (ASX:SHV), which has released its results for the 12-month period ended 30 September 2020, also traded do...

Why is ASX 200 listed Zip Co (ASX:Z1P) under the spotlight today?
Stock Market

Why is ASX 200 listed Zip Co (ASX:Z1P) under the spotlight today?

Summary Zip Co Limited (ASX:Z1P) has clocked an annualised volume of $4.8 billion during YTD (as of 31 October 2020). During FY20, the company reported cash gross profit margins of 50% in Australia and NTM of more than 2% in the US. For FY21, ...

Why are ASX 200 Miners in Deep Red?
Stock Market

Why are ASX 200 Miners in Deep Red?

Many ASX 200 miners are trading in red today as the commodity market now seems to be taking a breather. Ramelius Resources Limited (ASX: RMS) is one of the top losers with price cuts of over 4 per cent, Perseus Mining Limited (ASX:PRU) is down 5.5 pe...

  • November 30, 2020 01:12 PM AEDT
  • Team Kalkine
Treasury Wine Estates (ASX:TWE) to implement provisional measure on wine imports into China
Stock Market

Treasury Wine Estates (ASX:TWE) to implement provisional measure on wine imports into China

On 30 November 2020, Treasury Wine Estates Limited (ASX:TWE) announced that it would apply a string of plans to lessen the effect of the provisional anti-dumping measure on imports of some categories of wine from Australia into China. The announcemen...

  • November 30, 2020 01:08 PM AEDT
  • Team Kalkine
A year of transformation and continuing to forge ahead:  Prescient Therapeutics ticks all right boxes in 2020
Healthcare Stocks

A year of transformation and continuing to forge ahead: Prescient Therapeutics ticks all right boxes in 2020

Summary Last 12 months have been fruitful for Prescient Therapeutics despite the challenges and uncertainties amid the COVID-19. The Company achieved its objectives for targeted as well as cell therapies during the period. A truly transformati...

SUDA Pharmaceuticals (ASX:SUD) Delivers Impressive Performance in 2020
Healthcare Stocks

SUDA Pharmaceuticals (ASX:SUD) Delivers Impressive Performance in 2020

While the year 2020 presented many challenges for businesses worldwide amidst COVID-19 outbreak, healthcare player SUDA Pharmaceuticals Limited (ASX:SUD) appears to have achieved important milestones throughout the year. In an Annual General Meeti...

  • November 30, 2020 11:42 AM AEDT
  • Team Kalkine
Australia’s Economic Charter: Any Emerging Green Shoots?
Economy

Australia’s Economic Charter: Any Emerging Green Shoots?

With COVID-19 pandemic under control, the Australian economy is actively proceeding on the path of economic recovery. While the economy is not out of the woods yet, several green shoots are sprouting in the nation’s economy, stimulating hopes...

  • November 30, 2020 12:22 AM AEDT
  • Team Kalkine
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