Archives

  British-Swedish multinational pharmaceutical major AstraZeneca PLC (LON: AZN) seems to be mired in difficulties from all sides. On one side, the EU has been threatening the company to stop the export of its coronavirus vaccine to other coun...

• January 27, 2021 11:07 PM AEDT
• Team Kalkine

Summary King River Resources has received high-grade gold results at the Mt Remarkable Project. Best result of 6m @ 5.25g/t Au including 1m @ 30.1g/t Au was returned from Trudi Main. The Company intends to undertake follow-up RC drilling and r...

• January 27, 2021 09:05 PM AEDT
• Team Kalkine

On 27th January 2021, the equity market of Australia ended in red as ASX200 fell by 0.65% to 6780.60.  On the same day, Academic & educational services sector rose by 7.65% and consumer non-cyclicals sector increased by 1.03%. Sector Summ...

• January 27, 2021 08:06 PM AEDT
• Team Kalkine

Summary BlackEarth identified several strong trends across the Donnelly River Ni-Cu-PGM Project’s southern half. A consultant land access specialist has been employed to coordinate with local stakeholders, with the focus on accelerating t...

• January 27, 2021 07:34 PM AEDT
• Kunal Sawhney

Summary Newfield Resources Limited reported a combined diamond resource estimate of 8.3 million carats in its Tongo Diamond Project. The company used core, logging and survey data of drilled holes from 2012 to 2020 to create resource statement....

• January 27, 2021 07:28 PM AEDT
• Team Kalkine

Last year, retail investors got a jolt when Chinese regulatory authorities abruptly suspended the much-awaited Ant Group's IPO, which was expected to be the biggest in history. However, the latest statement by the governor of Chinese central bank ...

• January 27, 2021 07:23 PM AEDT
• Team Kalkine

As President Xi Jinping declared in September that China intends to go carbon-neutral by 2060, the country's steel industry will play a vital role. The sector may shift towards hydrogen-based technology and upgrade its facilities to support the p...

• January 27, 2021 06:30 PM AEDT
• Team Kalkine

Summary Multiple high priority gold targets on Lake Austin strengthen the potential for extensive gold system beneath.  All additional results have been received from the Phase 2 regional scout aircore drilling program.  A follow-up ...

• January 27, 2021 06:23 PM AEDT
• Hina Chowdhary

Summary Pental Limited (ASX:PTL) manufactures brands whose products are a must-have in households in Australia, New Zealand as well as Asia. After a successful FY20, Pental expects that the FY21 EBIT profit result will be consistent with that f...

• January 27, 2021 05:06 PM AEDT
• Kunal Sawhney

Summary The price of rare earth oxides (REO) grew significantly during the December quarter as China imposed restrictions on its rare earth exports. Ionic Rare Earths has increased its exploration target by 50% as two new exploration licences w...

• January 27, 2021 05:00 PM AEDT
• Team Kalkine

GameStop shares rose significantly in the after-hours trading in the US on Tuesday. A market frenzy has broken in the US markets yet again, similar to what we saw with Hertz last year. Millennials and social media groups, especially from Reddit, ha...

• January 27, 2021 04:52 PM AEDT
• Hina Chowdhary

ASX stocks extends losses towards the end of the trading session on Wednesday. Energy and Materials led the losses in the ASX 200 Index. Other sectors responsible for weakness in the index were healthcare, telecommunication services, Industrials, f...

• January 27, 2021 04:39 PM AEDT
• Kunal Sawhney

Mega tech players including Google's parent company Alphabet, Facebook and Microsoft have been ruling the technology and digital space for years. The pandemic has further deepened reliance on their products/services, with people all around the worl...

• January 27, 2021 04:30 PM AEDT
• Team Kalkine

Summary Mobilicom has received the first order for its SkyHopper Combo device from IAI’s subsidiary within a short span after starting the beta testing of SkyHopper Combo. The units would be used to start the promotion and sales of IAI&rs...

• January 27, 2021 03:33 PM AEDT
• Kunal Sawhney

Summary Janison Education Group reported a 143% growth in its core business revenue, leading the firm to secure Group revenue worth $15.9 million during 1H21. BrainChip Holdings reported a strong cash reserves figure of US$ 19.1 million for the...

• January 27, 2021 02:57 PM AEDT
• Team Kalkine

Summary DXN Limited has reported the first-ever positive cash flow from quarterly operating activities, at $55,000. During the quarter, the company has successfully deployed modules for Southern Cross Cables Network in Fiji. DXN’s share ...

• January 27, 2021 02:48 PM AEDT
• Team Kalkine

California-based SpaceX has set a world record for the largest number of satellites launched into space in a single mission. Calling it a “SmallSat Rideshare” mission, SpaceX launched its Falcon 9 rocket on Sunday, after the initial mis...

• January 27, 2021 02:45 PM AEDT
• Kunal Sawhney

Summary Booktopia reported strong growth in first half of FY21 with consumer shift in online shopping and its investment in distribution centre. The company intends to keep the ball rolling on its growth in 2021 and beyond. The share price...

• January 27, 2021 01:59 PM AEDT
• Team Kalkine

Summary Reliance Worldwide Corporation has registered a robust performance for six months ended 31 December 2020. Net sales grew by 13%, while EBITDA margins have also increased. The Company is expecting EBITDA to increase by at least 30%. ...

• January 27, 2021 01:56 PM AEDT
• Hina Chowdhary

Iluka Resources Limited (ASX:ILU) has released its quarterly figures for the period ended 31 December 2020. The Company produced more than 585k tonnes of zircon, rutile, and synthetic rutile (Z/R/SR) during 2020, down by ~ 16.67 per cent against the...

• January 27, 2021 01:48 PM AEDT
• Team Kalkine

The consumer prices soared 0.9 per cent in the December quarter even as the Australian economy suffered the economic fallout from the COVID-19 pandemic in 2020. In the September quarter, inflation stood at 0.7 per cent.  Image Source: Shutt...

• January 27, 2021 01:47 PM AEDT
• Hina Chowdhary

Summary National Tyre & Wheel Ltd. (ASX:NTD) outperformed its previous financial guidance for H1FY21 given during November 2020. NTD released its revised guidance for the first half of FY21, giving an EBITDA value between $15 million to $15...

• January 27, 2021 01:36 PM AEDT
• Kunal Sawhney

Summary Crowd Media strengthened its drive into conversational commerce through a new alliance and strategic investment into Aflorithmic Labs. As part of the collaboration, Aflorithmic Labs would develop voice cloning engine and a core AI engin...

• January 27, 2021 01:23 PM AEDT
• Kunal Sawhney

FYI Resources Limited (ASX:FYI) is actively progressing towards becoming one of the world’s leading producers of High Purity Alumina (HPA). The Company intends to achieve this objective through the development of a fully integrated business m...

• January 27, 2021 01:19 PM AEDT
• Team Kalkine

United States President Joe Biden is planning to impose a travel ban on most of the non-US citizens entering the country from select places where new virus strains have cropped up. The travel ban is expected to mitigate the spread of the new varian...

• January 27, 2021 12:56 PM AEDT
• Team Kalkine

Summary ASX shares stage a bleeding run on Wednesday after miners, utilities, and energy shares record losses. December quarter CPI came at 0.9%, which has surprised market participants and economic forecasts. ASX shares opened lower as we...

• January 27, 2021 12:41 PM AEDT
• Team Kalkine

Summary PPG delivered an improvement in earnings in FY20 over the previous year.  In November 2020, the company said the momentum has continued in the new financial year.  Pro-Pac Packaging Limited (ASX:PPG) provides packaging so...

• January 27, 2021 12:35 PM AEDT
• Team Kalkine

Carnarvon Petroleum Limited (ASX:CVN) has released its December 2020 quarterly report highlighting on the progress made by the company in year 2020, over a number of key projects central to building material value for shareholders. Also Read: ASX Oi...

• January 27, 2021 12:32 PM AEDT
• Kunal Sawhney

Summary Lake Resources Ltd (ASX:LKE) rose a massive 24 per cent on Monday, 25 January 2021 to hit a new high of 0.27 cents. The clean lithium developer’s shares surged significantly after the company announced that it had raised A$20.6 mi...

• January 27, 2021 12:27 PM AEDT
• Team Kalkine

Summary Incannex Healthcare is engaged in developing pharmaceutical products with significant economic potential. 2020 was a significant period of research success and milestones for Incannex Healthcare, says Joel Latham, CEO and Managing Direc...

• January 27, 2021 12:22 PM AEDT
• Kunal Sawhney

ASX-listed globally active biotechnology company Immutep Limited (ASX:IMM) today announced that the Company has advanced with Phase 2 clinical trial patient enrolment of Eftilagimod Alpha Treatment by immune modulation in COVID-19 (EAT COVID). Fol...

• January 27, 2021 12:20 PM AEDT
• Team Kalkine

Summary AWN Holdings’ subsidiary VivoPower has signed an agreement with GB Electric Vehicles Pty Limited and GB Auto Group Pty Limited Under the contract, the construction, defence, and utility applications of the Tembo vehicles would als...

• January 27, 2021 12:13 PM AEDT
• Team Kalkine

Syrah Resources Limited (ASX:SYR) is progressing well to become a vertically integrated manufacturer of natural graphite AAM to service ex-Asia markets. The Company has closed its SPP, oversubscribed after receiving overwhelming support from shareh...

• January 27, 2021 12:01 PM AEDT
• Team Kalkine

Summary $2.5 million will be raised through the issuance of 21.7 million new shares at an issue price of $0.115 a share, an 8.2% discounted price against 15-day VWAP. Currently, a fully funded 6,000 metres drilling program is targeted to extend...

• January 27, 2021 11:35 AM AEDT
• Hina Chowdhary

The ASX 200 opened lower on Wednesday, down 7.20 points or 0.11 per cent to 6817.50, taking cues from the sluggish US stock market. The Australian market is expected to watch the inflation data scheduled to be released today closely. According to e...

• January 27, 2021 11:23 AM AEDT
• Kunal Sawhney

Summary The US stocks ended flat on Tuesday as the investors eyed the corporate earnings of select blue-chip companies and tech firms.  The S&P 500 plunged from its all-time high to close at 3,849.62, down 0.15 per cent. While the Dow ...

• January 27, 2021 11:21 AM AEDT
• Team Kalkine

Summary Parkway Minerals NL would be issuing a total of 291.55 million shares to raise $5.24 million from the placement offer. The company has hired Evolution Capital Advisors as the lead manager to the placement. In the last seven trading ses...

• January 27, 2021 10:20 AM AEDT
• Team Kalkine

Trading in the market is a mixture of both science and art, where understanding the market psychology in the science while implementing the learning of technical analysis with crucial timing is attributable to an art.   Image Source: © ...

• January 27, 2021 09:27 AM AEDT
• Team Kalkine

Summary ASX 200 is set to open 30 points down or around 0.35 per cent lower at 6740. The Australian Dollar rose 0.5 per cent to 0.7751 against the US Dollar. The concerns regarding COVID-19 continue to put pressure on the oil prices, which is ...

• January 27, 2021 07:58 AM AEDT
• Team Kalkine