Live ASX News Today
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6th Apr 05:43 PM AEST
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6th Apr 04:15 PM AEST
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6th Apr 03:36 PM AEST
Oilex (ASX:OEX) gains more than 250% as Cambay deal nears settlement
The share price of oil and gas explorer Oilex (ASX:OEX) surged as much as three-fold, its biggest intraday percentage gain since September 2004.
The Company stated that India-based oil and gas explorer Gujarat State Petroleum Corporation Ltd approved the sale of its 55% participating interest in Cambay PSC in Gujarat, India to Oilex for A$2.2 million.
Post the completion of transaction, OEX will hold a 100% participating interest in the Cambay PSC.
About 142 million shares were traded as compared to the 30-day average volume of a bout 11 million shares.
Meanwhile, the stock was trading 233.333% higher at A$0.010 at 3:15 PM AEST.
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6th Apr 03:10 PM AEST
Peninsula Energy (ASX:PEN) gains on deals to meet its CY2022 committed sales
The shares of mining company Peninsula Energy Limited (ASX:PEN) gained as much as 8.3% to A$0.130 on Tuesday as it entered into multiple binding purchase agreements to procure natural uranium concentrates to meet the entirety of calendar year 2022 committed sales of 450,000 pounds uranium concentrates.
The Company stated that when combined with existing CY2021 purchase agreements, this secures a forecast net cash margin of A$7 million to A$8 million on uranium sales in CY2021 and A$8 million to A$9 million in CY 2022.
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6th Apr 03:10 PM AEST
Cirralto (ASX:CRO) gains on deal to provide loan to Invigo
The share price of Cirralto Limited (ASX:CRO) gained as much as 8.2% to A$0.092 per share as the Company shared it provided A$2 million loan to Fintech lender Invigo Pty Ltd.
The Company stated that loan funding provides necessary seed funding to support deployment by Invigo of B2B Buy-now, pay-later and pay by instalment products using Cirralto’s Spenda Collect product.
Meanwhile, the stock was spotted trading at A$0.088 per share, up 3.529% at 2:48 PM AEST.
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6th Apr 02:59 PM AEST
Titomic Limited (ASX:TTT) strikes a joint venture deal with UK engineering firm
Titomic Limited (ASX:TTT) announced that the Company has signed a Heads of Agreement with NEOS International Limited (Neos) under which TTT and Neos will enter into a joint venture to manufacture and sell Invar 36 Faceplates and multi-metal product solutions in the UK for the Aerospace, Defence, Automotive and Nuclear industries.
The products will be manufactured using Titomic’s Kinetic Fusion Technology and Neos’ existing specialist engineering and tooling expertise.
Meanwhile, the stock was spotted trading at A$0.545 per share at 2:15 PM AEST.
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6th Apr 02:54 PM AEST
Odin Metals (ASX:ODM) gains on deal to buy Grasmere copper deposit
The share price of Odin Metals Ltd (ASX:ODM) gained as much as 16.7% to A$0.035 per share on Tuesday as the Company has executed a binding purchase agreement to buy Grasmere copper deposit in western New South Wales from Ausmon Resources Ltd.
The Company stated that consideration for proposed acquisition issue of 15 million fully paid ordinary shares of Odin to Ausmon.
Meanwhile, the stock ODM was spotted trading at A$0.034 per share, up 13.333% at 1:33 PM AEST.
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6th Apr 02:54 PM AEST
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6th Apr 02:37 PM AEST
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6th Apr 02:18 PM AEST
NRW Holdings (ASX:NWH) gains as unit signs LOI with Panoramic Resources
The share price of NRW Holdings Limited (ASX:NWH) climbed as much as 2.9% to A$2.110 on Tuesday as the Company stated that Primero Group, unit of NRW, executed a Letter of Intent with exploration company Panoramic Resources (ASX:PAN) for its Savannah Nickel project.
The Company stated that the LOI is for operations and maintenance contract with Panoramic Resources for the term of three years.
NWH also shared that the estimated value of the contract is A$35 million.
Meanwhile, the stock was seen trading 0.975% higher at A$2.070 per share at 1:48 PM AEST.
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6th Apr 02:01 PM AEST
Australian Miners hit near three-week high as copper prices go up
Australia’s metals and mining index AXMM gained as much as 1.8% to hit its highest since 16 March 2021.
AXMM tracks a rise in copper prices to a two-week high, following a decision by top producer Chile to close its border amid rising COVID-19 cases.
Big players of the sector – BHP Mining Limited (ASX:BHP) and Rio Tinto (ASX:RIO) added as much as 1.8% and 1.9% respectively.
Fortescue Metals Limited (ASX:FMG) jumped as much as 2.1%.
AXMM has gained almost 1% this year, as of the last close.
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6th Apr 01:59 PM AEST
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6th Apr 01:43 PM AEST
Calidus Resources (ASX:CAI) gains on debt financing
The share price of Calidus Resources Limited (ASX:CAI) gained as much as 5% to A$0.42 per share as the Company executed A$110 million debt financing. CAI also executed Power Purchase Agreement with Zenith Energy Pty Ltd.
Meanwhile, the stock was spotted trading at A$0.430 per share, up 7.499% at 1:15 PM AEST.
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6th Apr 12:26 PM AEST
Exopharm Limited (ASX:EX1) gains on potential commercial licensing deal
The share price of Exopharm Ltd (ASX:EX1) rose as much as 18.1% to A$0.685 per share, as the Company announced a non-binding heads of agreement with the Finnish Red Cross Blood Service.
The heads of agreement to discuss entering definitive agreement for FRCBS to commercially licence EX1’s LEAP technology, which provides a way for blood centres to expand their businesses with new products.
Meanwhile, the stock was found trading at A$0.650 per share, up 12.068% at 12 PM AEST.
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6th Apr 12:23 PM AEST
Comms Group (ASX:CCG) gains on FY21 guidance, acquisition
The share price of Comms Group Ltd (ASX:CCG) rose as much as 12% to A$0.084 per share as the Company stated it sees some steady organic growth in the second half of 2021.
The Company expects run-rate revenue and EBITDA for FY21 to be over A$35 million and A$4 million respectively.
Meanwhile, the stock CCG was spotted trading 10.666% up at A$0.083 per share at 11:03 AM AEST.
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6th Apr 12:02 PM AEST
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6th Apr 11:50 AM AEST
Perenti Global (ASX:PRN) gains as unit grabs deal from Panoramic Resources
Perenti Global Limited (ASX:PRN) gained as much as 3.8% to A$1.105 as the Company shared its unit, underground miner Barminco, received a letter of intent from Panoramic Resources (ASX:PAN) for the development and production works at its Savannah nickel project in Western Australia.
PRN expects new contract to expand its current work in hand by more than A$280 million.
Meanwhile, the stock was found trading at A$1.070, up 0.469% at 11:36 AM AEST.
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6th Apr 11:50 AM AEST
Aroa Biosurgery (ASX:ARX) gains substantially as product gets FDA clearance
The share price of Aroa Biosurgery Limited (ASX:ARX) gained as much as 7.02% to A$1.22 per share as the Company shared that it has secured clearance from the US Food and Drug Administration for a product named Myriad Morcells that easily conforms to optimize contact with irregular wound beds.
The Company stated that this clearance follows closely on studies showing positive clinical outcomes from the use of Myriad Matrix, a skin reconstruction product by the Company.
Meanwhile, the stock was found trading at A$1.210 per share, up 6.140% at 11:27 AM AEST.
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6th Apr 11:36 AM AEST
Cleanaway (ASX:CWY) climbs on agreement to buy Suez’s local unit
The share price of Cleanaway Waste Management Limited (ASX:CWY) gained as much as 11.8% to A$2.460 per share as the Company has entered an agreement with France-based Suez Group S.A.S SEVI.PA to acquire its unit Suez R&R Australia for A$2.52 billion.
The Company stated that Suez is involved in takeover battle with local rival Veolia since it rejected an 11.3 billion euros offer in February and that Suez might terminate the acquisition by May 6 if it reaches a deal with Veolia.
Meanwhile, the stock was found trading at A$2.400 per share, up 0.090% at 11:18 AM AEST.
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6th Apr 11:35 AM AEST
Oil slips on OPEC+ decision and higher Iranian supply
Source: © Mangulica | Megapixl.com
Crude oil prices fell around 5 per cent on Monday over ease in OPEC+ production cut decision and higher output from Iran.
- Brent crude oil futures for June delivery traded 0.10 per cent up at US$62.30 per barrel, whereas WTI crude oil for May delivery traded at US$58.91, up 0.44 per cent as of 6 April 2021 at 10:39 AM AEST.
- OPEC+ decided on Thursday to ease the production cut by 350,000 bpd in May.
- In addition to that, Iran is also boosting its supply and exports to China despite the sanctions.
- The prices were also moistened by lower energy demands due to lockdown in France and dampening oil demands amid a spike of cases in India.
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6th Apr 11:35 AM AEST
Incitec Pivot (ASX:IPL) tumbles on production delay
Incitec Pivot Limited (ASX:IPL) fell as much as 13.7% to A$2.520 per share, marking its biggest intraday percentage loss since 9 March 2020.
The Company shared it expects an EBIT of A$36 million for the year due to delays in the restart of production at its Waggaman ammonia plant in Louisiana.
The stock has hit its lowest since 24 February and is biggest loser on the benchmark S&P/ ASX 200 index.
Meanwhile, the stock was spotted trading at A$2.690 per share, down 7.877% at 11:12 AM AEST.
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6th Apr 11:19 AM AEST
Copper prices jumps on Chile's supply concerns and the US economic recovery
Source: © Sigurdurwilliam | Megapixl.com
Copper prices jumped nearly 4 per cent to reach their highest level in the past six weeks on Monday over supply disruptions in Chile and signals of a rebound in the US economy.
- Copper futures for May delivery traded 0.31 per cent down at US$4.126 per ounce as of 6 April 2021 10:07 AM AEST on COMEX.
- The prices rose after the world's top exporter, and Chile decided to close its border for the entire April month on rising cases of coronavirus, pressurising the supply of pink metal.
- The prices were additionally fueled by a better-than-expected US job report, creating optimism for faster economic recovery.
- On above that, weakening of the US dollar and Joe Biden's US$2.25 trillion infrastructure plan has also boosted the sentiments of investors, as copper is the backbone of infrastructure development.
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6th Apr 11:06 AM AEST
Field Solutions (ASX:FSG) hits over twelve-year high on deal with Optus
Field Solutions Holdings Limited (ASX:FSG) gained more than 10.5% to A$0.105 per share, hitting its highest since 8 August 2008.
The Company has signed a five-year deal with telecom major Optus to launch 4G and 5G voice and data services to retail and wholesale markets using Optus’ networks.
FSG has stated that the revenue expectation from the deal is A$20 million in five years.
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6th Apr 10:53 AM AEST
Sacgasco Limited (ASX:SGC) reports slow drilling, shares tumble over 50%
Sacgasco Limited (ASX:SGC) provided an operational update for the Borba 1-7 well and growth in production from its recently acquired non-operated oil and gas leases in Canada.
The Company announced that drilling was taking longer than expected and exposure of the Guinda Formation to heavy mud related drilling damage resulted in a decision to run immediate petrophysical logs at a depth of 8.827 feet to evaluate the well and to determine the appropriate course of operations.
Meanwhile, the stock SGC was quoted down 57.500%, at A$0.034 per share at 10:33 AM AEST.
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6th Apr 10:49 AM AEST
Lepidico (ASX:LPD) develops lithium carbonate process, shares surge
The share price of Lepidico Ltd (ASX:LPD) was quoted as much as 9% higher as the Company announced that it has lodged a new proprietary process developed for production of high purity lithium carbonate from lithium hydroxide via sequestration of upstream generated carbon dioxide.
The Company has filed the patent application.
The process materially reduces the chemical plant CO2 emissions when upstream emissions are recycled and consumed in lithium carbonate production.
Meanwhile, the stock was spotted trading at A$0.024 per share, up 9.090% at 10:09 AM AEST.
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6th Apr 10:48 AM AEST
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6th Apr 10:39 AM AEST
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6th Apr 10:34 AM AEST
Renergen (ASX:RLT) announces completion of fifth major milestone at Virginia Gas Project
Domestic natural gas and helium producer Renergen Limited (ASX:RLT) announced the completion of its fifth major milestone at the Virginia Gas Project on time, as the Company works towards starting production in 2021.
The milestone features the shipment of equipment like EAG heater, LN2 vaporiser, cryogenic vacuum jacketed piping, LNG storage tanks etc from China to South Africa.
Meanwhile, the stock was founded trading at A$2.370 per share, down 8.847% at 10:12 AM AEST.
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6th Apr 10:15 AM AEST
Inca Minerals (ASX:ICG) doubles its exploration footprint in Northern Territory
Inca Minerals Limited (ASX:ICG) announced on Tuesday the high-value, low-cost acquisition of a new IOCG-focused project called Frewena Frontier, in the emerging East Tennant region of the Northern Territory.
The new project complements and significantly expands the Company’s existing Frewena Group Project that consists of Frewena Fable, Frewena East and Frewena Far East with the acquisition raising Inca’s total land-holding to 4,736 sqkms.
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6th Apr 10:12 AM AEST
Lucapa Diamond Company (ASX:LOM) recovers 100+ carat diamond from Lulo gold mine
Lucapa Diamond Company Limited (ASX:LOM) and its partners Empresa Nacional de Diamantes E.P. and Rosas & Petalas announced the recovery of the 23rd +100 carat diamond by Sociedade Mineira Do Lulo from the Lulo alluvial gold mine in Angola.
Meanwhile, the stock LOM was quoted trading at A$0.063 per share.
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6th Apr 10:06 AM AEST
Maggie Beer Holdings (ASX:MBH) completes Placement and Institutional Entitlement Offer
Maggie Beer Holdings Limited (ASX:MBH) has recently completed a placement and the institutional component of its 1 for 3.8 pro-rata accelerated non-renounceable entitlement offer, which closed on 31 March 2021.
The Institutional Offer was strongly supported by the institutional investors and raised gross proceeds of approximately $20.4 million.
Further, the Company anticipates that the retail component of the fully underwritten Entitlement Offer shall open at 9.00am on 8 April 2021, under which qualified retail shareholders shall have the capacity to subscribe for 1 New Share for every 3.8 existing ordinary shares held in MBH on 1 April 2021.
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6th Apr 10:06 AM AEST
Petratherm (ASX:PTR) starts drilling at Mabel Creek, shares watchful
Petratherm Limited (ASX:PTR) has announced recently that drilling operations are underway at the Company’s Mabel Creek Project, 50 kms northeast of Coober Pedy in South Australia.
First pass drilling at Mabel Creek in March 2020 encountered pervasive Iron-Oxide Copper-Gold alteration at the Company’s Area 5 gravity target showcasing the region’s fertility for this style of mineralisation.
The drill programme will test 4 gravity targets.
Meanwhile, the stock opened up the Tuesday session at A$0.135 per share.
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6th Apr 09:58 AM AEST
Alliance Aviation Services (ASX:AQZ) Extends Contract with Santos Limited
In the latest development, Alliance Aviation Services Limited (ASX:AQZ) has completed an expansion of its contract with Santos Limited for a further five years from 01 April 2021, under which, AZQ shall operate services for Santos to their gas and oil operations in the Cooper Basin.
Further, AQZ shall begin operating the intra-field services connecting Moomba and Ballera while continuing to offer services from Perth to Karratha.
AQZ stock last traded at AUD4.140.
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6th Apr 09:53 AM AEST
Zoono Group’s (ASX:ZNO) Microbe Shield successfully tested in the USA
Zoono Group Limited (ASX:ZNO) shared recently that its flagship product Zoono Microbe Shield has now been successfully tested against the Human Coronavirus 229E and now meets the US EPA Standard ASTM E1053.
Zoono Microbe Shield surface sanitiser and GermFree24 hand sanitiser products have previously been tested against the nominated COVID surrogate feline coronavirus.
Meanwhile, the last share price of the stock quoted is A$0.920 per share.
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6th Apr 09:53 AM AEST
Codan Limited (ASX:CDA) cracks a deal to acquire US-based ZETRON, INC.
Codan Limited (ASX:CDA) has inked a deal to acquire all the shares in Zetron, Inc., which is a leading US-based company. The acquisition involves an upfront cash payment of USD45 million, which is anticipated to be funded from the existing cash of the Company and a lately authorized banking facility of AUD100 million.
Zetron engages in offering mission critical communications and interoperability solutions for public safety, transportation, utilities, healthcare and natural resources customers and operates from locations across the US, Australia and the UK.
CDA stock last traded at AUD15.870.
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6th Apr 08:53 AM AEST
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6th Apr 08:15 AM AEST
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6th Apr 07:55 AM AEST