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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

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...

• November 30, 2020 08:22 PM AEDT
• Hina Chowdhary

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...

• November 30, 2020 08:09 PM AEDT
• Kunal Sawhney

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

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...

• November 30, 2020 07:54 PM AEDT
• Edita Ivancevic

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

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...

• November 30, 2020 07:24 PM AEDT
• Hina Chowdhary

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...

• November 30, 2020 06:30 PM AEDT
• Kunal Sawhney

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

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...

• November 30, 2020 05:43 PM AEDT
• Hina Chowdhary

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...

• November 30, 2020 05:37 PM AEDT
• Kunal Sawhney

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

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...

• November 30, 2020 05:10 PM AEDT
• Hina Chowdhary

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...

• November 30, 2020 05:00 PM AEDT
• Kunal Sawhney

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

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

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...

• November 30, 2020 04:28 PM AEDT
• Kunal Sawhney

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...

• November 30, 2020 04:16 PM AEDT
• Edita Ivancevic

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...

• November 30, 2020 04:04 PM AEDT
• Hina Chowdhary

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...

• November 30, 2020 03:32 PM AEDT
• Edita Ivancevic

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...

• November 30, 2020 03:12 PM AEDT
• Kunal Sawhney

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 ...

• November 30, 2020 02:19 PM AEDT
• Kunal Sawhney

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...

• November 30, 2020 01:46 PM AEDT
• Edita Ivancevic

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

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...

• November 30, 2020 01:29 PM AEDT
• Hina Chowdhary

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, ...

• November 30, 2020 01:15 PM AEDT
• Kunal Sawhney

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

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

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...

• November 30, 2020 12:06 PM AEDT
• Hina Chowdhary

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

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