Live News

• Sep 24, 2020 | 02:15 PM | AEST

  EcoGraf released presentation on Tesla Battery Day, Focus on closing the Carbon Loop

  EcoGraf Limited (ASX:EGR) released a presentation, on ASX, titled “Benchmark’s Tesla Battery Day Presentation”. It showcases details on the fast advancing clean energy and E-mobility markets and how well Ecograf is positioned to comply to the upgraded specifications.

  Ecograf anticipates a vertically integrated graphite business through-

  • Development of the 20,000 tonnes per annum graphite-based battery products
  • Recycling of battery anode from the used-up Lithium ion batteries
  • Scalable and sustainable Epanko graphite mine development ensuring long term-supply of high-quality graphite products.

  The results from the tests conducted by EcoGraf^TM have already confirmed superior quality of the battery material and plans to progress further on integrating the graphite streams.

  ON 24 September 2020, EcoGraf traded at $0.170 a share, with a market capitalisation of $63.7 million.

  All financial information pertains to Australian currency unless stated otherwise.

• Sep 24, 2020 | 01:01 PM | AEST

  Telix Pharmaceuticals Submits New Drug Application For Prostate Cancer Imaging Product

  Telix Pharmaceuticals Limited (ASX: TLX) announced submission of a New Drug Application (NDA) to US FDA for a radiopharmaceutical TLX591-CDx, which targets Prostate-Specific Membrane Antigen (PSMA) for the imagery of prostate cancer.

  The submission includes clinical data from over 600 patients and builds on definitive peer-reviewed clinical research performed at top academic centres.

  Telix CEO, Dr Christian Behrenbruch stated that submitting an NDA to US FDA for its first product is a key commercial inflection point for the firm.

• Sep 24, 2020 | 12:40 PM | AEST

  Eclipse Metals Commences Stage 2 Diamond Drilling at Amamoor, Historical Mining Centres Under Focus

  Eclipse Metals Limited (ASX: EPM) has announced the commencement of the Stage 2 diamond drilling program at the Amamoor manganese deposits, Mary Valley Manganese Project near Gympie in south-east Queensland.

  The drilling program will initially focus on the Central area of historical mining activity, adjacent to the 2018 best drill holes. The program will test the width, depth, and grade variations and characteristics of the manganese mineralisation.  

  Drilling of the Northern historical workings, which was inaccessible during previous exploration programs, will be the focus post the Central area, with possible drilling in the area of the Southern workings, contingent to further ground assessment.

  EPM traded at A$0.008 a share, with a market capitalisation of A$11.32 million on 24 September 2020.

• Sep 24, 2020 | 12:39 PM | AEST

  Musgrave Minerals: High-Grades Confirmed by Infill Drilling at Break of Day

  Australian explorer, Musgrave Minerals Limited (ASX: MGV) reported assay results for 18 reverse circulation (RC) drill holes at Break of Day from the recent infill drilling program.

  High-grade mineralisation in the Twilight and Velvet lodes at Break of Day was confirmed by the results. Furthermore, additional intercepts ~60m north of Starlight was identified which do not align with the existing geological model, indicating the potential for a new lode. 

  With the Company’s extension of the drilling program and a significant sample backlog at the laboratory, MGV now expects the updated Break of Day resource estimate, including Starlight, in late October. 

  Regional drill testing of Starlight analogue targets is underway within the belt, with first results expected in October.

  MGV shares traded at $0.560 mid-day on 24 September 2020.

• Sep 24, 2020 | 12:38 PM | AEST

  NOVONIX Limited Lodges Application On the OTCQX® Best Market, North America

  NOVONIX Limited (ASX:NVX), a world-leading company in new battery technologies, has lodged an application seeking quotation of its shares on the OTCQX® Best Market in North America.

  The Company has fulfilled all requirements for the OTCQX® Best Market listing. Currently, it is waiting for the confirmation of final review and an advice of a listing date from OTC Markets Group.

  OTC Markets Group Inc. operates the OTCQX® Best Market as well as the Pink® Open Market for U.S. and global securities. NOVONIX’s shares trade on the Pink® Open Market, at present, on an unsolicited basis.

  Besides this, NOVONIX issued 3,000,000 fully paid ordinary shares on the exercise of 500,000 options at an exercise price worth $ 0.90 per share and 2,500,000 options at an exercise price worth $ 0.66 per share.

  At 12:34 PM AEST on 24 September 2020, NVX shares were trading at $ 1.185 on the ASX.

• Sep 24, 2020 | 12:34 PM | AEST

  Brickworks Announces Final Dividend Of 39 Cents For FY2020

  Brickworks Limited (ASX: BKW) reported a statutory Net Profit After Tax of $299 million for the year ended 31 July 2020, up 93% as compared to the previous corresponding period.

  • Share of Property Trust value improved by a further $94 million
  • US brick expansion strategy is well on path. The company completed additional two bolt-on acquisitions.
  • Final dividend of 39 cents was declared by the company. Thus, indicating a 44-year record of maintaining or increasing dividends.

• Sep 24, 2020 | 12:33 PM | AEST

  Afterpay’s CFO Luke Bortoli Exits Company

  Afterpay Limited (ASX:APT) announced that CFO Luke Bortoli shall leave the company after working with the Company for 3 years during which he transformed the Company from a small-cap start-up to a global market leader. Some of the details include:

  • Mr Luke will be replaced by Rebecca Lowde who will assume the role of CFO from 6 October 2020.
  • Mr Luke will be available to assist the business and Rebecca Lowde as needed until his exit at the end of 2021 financial year.
  • Meahan Callaghan and Mark Teperson are also appointed as Chief People Officer and Chief Strategy Officer, respectively.

• Sep 24, 2020 | 12:25 PM | AEST

  Washington H. Soul Pattinson and Company Declared Dividend of 60 cents in FY2020

  Diversified investment house, Washington H. Soul Pattinson and Company Limited (ASX:SOL) reported a drop in its regular net profit after tax by 45% during FY2020 ended 31 July 2020.

  • The Group’s PAT increased by 284.3% to $953.0 million as compared to the previous corresponding period.
  • Net asset value declined by 5.3% to $5.2 billion.
  • Net cash flows from investments improved by 48.8% to $252.3 million.
  • Total Dividend per share for the period improved by 3.4% to 60 cents.

• Sep 24, 2020 | 12:24 PM | AEST

  Perenti Prices US$450 Million Guaranteed Senior Notes Offering

  Perenti Global Limited (ASX:PRN) announced the pricing by its 100% owned subsidiary, Perenti Finance Pty Ltd, of US$450 million in aggregate principal amount of 6.5% Guaranteed Senior Notes due 2025 in an offering to eligible institutional buyers in the US.

  The settlement of the Notes would likely take place in New York on 7 Oct 2020 and depends upon customary closing conditions.

  The net proceeds would be used  to fund the early redemption of all of the outstanding US$350 million 6.625% Senior Secured Notes due 22 May 2020 and repay amounts drawn which are currently unpaid under its revolving credit facilities.

  PRN also intends to lessen its aggregate commitments under its revolving credit facilities.

• Sep 24, 2020 | 12:24 PM | AEST

  Jupiter Mines Provides Quarterly Update for Q2 FY2021

  Jupiter Mines Limited (ASX:JMS) updated the market with its quarterly activities report for the second quarter of FY21. The quick highlights are-

  • The production and exports for Tshipi mining remain on track, but the mining is behind plan.
  • Tshipi declared dividend of ZAR330 million for HY FY2021.
  • The attributable cash balance of Jupiter is A$76 million at the end of the quarter.
  • At the end of the quarter, Tshipi had ZAR1.24 billion cash at the bank.

  On 24 September 2020, JMS was trading at A$0.270 at AEST 11:29 AM.

• Sep 24, 2020 | 12:23 PM | AEST

  ASX listing of HomeCo Daily Needs REIT Scheduled for Late November 2020

  ASX listing of HomeCo Daily Needs REIT is on track for late November 2020.

  The Company notified that listing shall be done following a security holder vote to be held at the AGM on 18 November 2020.

  With the ASX listing HomeCo also aims that at the time of listing the Company undertake an equity raising.

  HomeCo plans to start investor engagements this week, and a product disclosure statement is anticipated to be lodged with ASIC in mid-October 2020.

• Sep 23, 2020 | 07:10 PM | AEST

  Market Close Commentary; 23 September 2020

  The Australian share market rebounded today and gained 2.42 per cent. The benchmark index S&P/ASX200 settled at 5923.9 points as compared to yesterday's closing of 5784.1 points. It was the best trading session in two months that helped the market recover from three-month lows.

  ASX followed Wall Street where stocks of Apple, Alphabet, Amazon, Microsoft, and Facebook helped the market go up on 22 September 2020. The Nasdaq Composite gained by 1.71 per cent. Dow Industrials was up by 0.52 per cent, and the S&P 500 was up by 1.05 per cent.

  Let us look at the commodity section today at AEST 3:23 PM, where Crude oil was trading at USD 39.38 a barrel, down by 1.03 per cent, Australian dollar was trading at AUD 0.7120, dipped by 0.74 per cent and gold commodity declined by 0.98 per cent while trading at USD 1881.80.

   The stocks that performed the best during Wednesday's trading session are:

  • Service Stream Limited (ASX:SSM) was the top gainer today. It traded at AUD 2.030 and was up by 14.045 per cent. 
  • P. Eagers Limited (ASX:APE)remained at the second-top position. It traded at AUD 9.720 and was up by 7.048 per cent. 

  The lowest-performing stocks during Wednesday's trading session are:

  • Ramelius Resources Limited (ASX:RMS) traded at AUD 2.160 and was dipped by 7.296 per cent. 
  • Virgin Money UK PLC (ASX:VUK) traded at AUD 1.290, down by 2.273 per cent.

  Here is a graph to show the top five best and worst-performing stocks during Wednesday's trading session.