Live ASX News Today
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20th Apr 07:44 PM AEST
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20th Apr 06:38 PM AEST
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20th Apr 06:31 PM AEST
Western Areas (ASX:WSA) gains on positive March quarter activity report
The shares of Western Areas Limited (ASX:WSA) jumped a notch and closed today’s session 2.690% higher at A$2.290 per share, its biggest intraday percentage gain since 8 April 2021.
The Company has announced its March quarterly activity report as per which Forrestania mine production in Western Australia was 4,236 nickel tonnes in ore, up 20% quarter-on-quarter.
The firm stated Forrestania Mill production was 4,267 nickel tonnes in concentrate, up 21% quarter-on-quarter.
It expects strong fundamental outlook for nickel as electrification of passenger vehicles continues to gain momentum.
Meanwhile, the stock has fallen 15.2% this year, as of the last close.
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20th Apr 05:17 PM AEST
Little Green Pharma (ASX:LGP) gains on distribution deal with Denmark company
The shares of Medicinal cannabis company Little Green Pharma Ltd (ASX:LGP) gained as much as 2% to A$0.78 per share.
The Company has signed a five-year non-exclusive distribution agreement with Denmark-based Balancial Danmark ApS for the supply of LGP-branded medicinal cannabis oil and flower medicines at a fixed price in Denmark.
The pharma firm stated that the deal restricts Balancial from manufacturing or supplying similar medicinal cannabis oil or flower products until it has purchased at least 20,000 units from LGP.
As of the last close, LGP is up 35.4% so far this year.
Meanwhile, the Company ended the session at A$0.785 per share, up 2.614%.
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20th Apr 05:07 PM AEST
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20th Apr 03:18 PM AEST
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20th Apr 02:58 PM AEST
Lynas Corporation (ASX:LYC) hits three-week low as Suez Canal blockage hits Q3 sales
The share price of Lynas Corporation Limited (ASX:LYC) shed off as much as 8% to A$5.87, its lowest since 26 March 2021.
The rare earths miner stated that Q3 sales fell ~8% and sales volume of rare earth oxides slipped 23.4% from Q2, partly due to the Suez Canal blockage in March.
A giant container ship had become jammed diagonally across a southern section of the Suez Canal on 23 March, disrupting shipping activity for almost a week.
LYC stated it also faced difficulties to secure shipments as fewer ships were available due to the pandemic.
However, up to Monday's close, stock had risen 60.3% this year so far.
Meanwhile, the stock was seen trading at A$5.920 per share, down 7.211%, with a market cap of A$5.74 billion at 2:36 PM AEST.
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20th Apr 02:53 PM AEST
Australian Primary Hemp (ASX:APH) gains on retail distribution deal with Coles
Australian Primary Hemp Limited (ASX:APH) gained as much as 12.2% to A$0.415, on track for its biggest gain since 3 March 2021.
The Company has signed a retail distribution deal with supermarket Coles Group Limited (ASX:COL) to carry five additional products from its Mt. Elephant range in stores across Australia from July.
As per APH, it expects the deal to generate sales revenue of about A$3 million per annum from the month of July.
More than 206,000 shares were traded as compared with the 30-day average volume of about 79,000 shares.
The stock is up 8.8% this year, as of the last close.
Meanwhile, it was seen performing 4.054% higher at A$0.385 per share at 1:54 PM AEST.
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20th Apr 02:47 PM AEST
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20th Apr 02:41 PM AEST
Karoon Energy (ASX:KAR) gains on contracting Maersk rig for Baúna programme
The share price of Karoon Energy Limited (ASX:KAR) gained as much as 1.3% to A$1.195, in their biggest intraday percentage gain since 16 April.
The gold exploring firm stated that it has contracted a rig, operated by Maersk Drilling, for the Baúna oilfield workover campaign in Santos Basin, offshore Brazil.
The Company revealed that the value of the contract is about A$34 million, including rig modifications and a mobilisation fee and that it is likely to start in the first half of 2022.
Meanwhile, the stock has gained 11.3% so far this year, as of the last close and was trading 1.059% higher at A$1.192 per share at 2:15 PM AEST.
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20th Apr 02:29 PM AEST
Kingwest Resources (ASX:KWR) soars on high-grade intersections at project
The share price of Gold explorer Kingwest Resources Limited (ASX:KWR) gained up to 3.9% to A$0.135 per share on Tuesday.
The Company stated extensional and infill drilling at Menzies gold project in Western Australia have shown high-grade intersections.
The extensional drilling continues to intersect high grades outside of optimised pits, the Company added.
Though, the shares are down 23.5% this year, as of the last close, it was found trading up 3.846% at A$0.135 per share at 11:18 AM AEST.
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20th Apr 02:27 PM AEST
Money3 (ASX:MNY) hits record high, unit secures A$28 million facility
Money3 Corporation Limited (ASX:MNY) climbed as much as 1.9% to a record high of A$3.24 on Tuesday as the non-banking credit services provider announced that its NZ-based unit, Go Car Finance, has secured a three-year facility via an SPV with Heartland Bank Limited for NZ$40 million.
The Company stated facility will support ongoing loan book growth in the Group's New Zealand operations & the new facility complements the existing facility already in place with the Bank of New Zealand.
MNY has risen 9.3% so far this year, as of the last close.
Meanwhile, the stock was trading 0.314% higher at A$3.190 per share at 1:24 PM AEST.
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20th Apr 02:26 PM AEST
QEM Limited (ASX:QEM) gains on deal with Siecap
The share price of QEM Limited (ASX:QEM) soared as much as 14.3% to A$0.200, as the Company has signed an agreement with project management firm Siecap.
Siecap will be aiding QEM in developing an execution strategy for mining, extraction, processing, and export of vanadium pentoxide, transport fuels and green hydrogen from Julia Creek.
The stock has gained more than two-fold this year, as of the last close.
Meanwhile, QEM was spotted trading at A$0.185 per share, up 5.714% at 1:21 PM AEST.
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20th Apr 01:24 PM AEST
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20th Apr 12:53 PM AEST
Bank of Queensland gains as MS upgrades to ‘overweight’, lifts earnings estimates
The share price of the stock Bank of Queensland Limited (ASX:BOQ) gained as much as 2.6% to A$9.140 per share as the Morgan Stanley has upgraded the Company to ‘overweight’ from ‘equal-weight’.
As per refinitiv, MS has also increased the price target to A$10.00 from A$9.60 per share.
MS said that the rating change is suggestive of a supportive operating environment, bettring franchise momentum and excess provisions and capital.
Meanwhile, the stock BOQ was spotted trading at A$9.150 per share, up 2.693%, with a market capitalisation at A$5.69 billion at 12:27 PM AEST.
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20th Apr 12:53 PM AEST
Rio Tinto’s (ASX:RIO) iron ore output falls, ‘mediocre quarter’ disappoints RBC
Rio Tinto Limited’s (ASX:RIO) first-quarter results come in lower than brokerages' expectations.
Rio's Q1 iron ore production has fallen 2% from the same period last year as wet weather and labour shortages impacted its mine and port operations in Western Australia.
RBC says figures show a ‘mediocre quarter’ from Rio as the challenges drove a 6% miss to broker's iron ore production forecasts.
Rio's iron ore shipments for the quarter were quoted at 77.8 million tonnes, lower than Citi's forecast of 83.7 mt
Meanwhile, the stock is trading at A$120.660 per share, down 0.158% at 12:21 PM AEST.
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20th Apr 12:35 PM AEST
Why are Analytica (ASX:ALT) shares trading 25% higher today?
The share price of the Analytica Limited (ASX:ALT) was up 25% to A$ 0.005 per share, as the Company has stated its Enhanced Infusion System will be available in the Middle East now onwards.
The system is a solution to reduce monitoring costs and automatically restart flow after medication delivery during intravenous fluid infusion, and is used for treatment of stress urinary incontinence.
The Company shared that the system will be marketed and distributed in Egypt, Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Saudi Arabia and United Arab Emirates.
Meanwhile, the stock is up 33.3% this year so far, as of the last close.
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20th Apr 12:35 PM AEST
Seven Group (ASX:SVW) falls the most in 6 months on discounted share placement
The share price of Seven Group Holdings Limited (ASX:SVW) declined as much as 4.4% to A$22.40 in their biggest intraday percentage loss since October 2020.
The Company has raised A$500 million via placement of 22.2 million shares.
The shares will be issued at A$22.5 per share, a 4% discount to SVW's last close of A$23.43 on Friday.
Newly issued shares represent 17% of SVW's free float, according to Refinitiv data
The Company shared equity raising has happened in order to reduce overall net debt to A$2.1 billion from A$2.6 billion.
The stock was on a trading halt on Monday, and is trading lower on Tuesday featuring among the top percentage losers in the ASX 200 benchmark index AXJO.
Meanwhile, the stock was spotted trading at A$22.510 per share, down 3.927% at 11:36 AM AEST.
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20th Apr 11:52 AM AEST
Hastings Technology (ASX:HAS) soars on rare earths supply
The shares of Hastings Technology Metals Limited (ASX:HAS) climbed as much as 10% to A$0.220, their highest since 25 February.
The Company has signed a binding offtake contract with a German raw materials trading firm for the supply of rare earth carbonate from its Yangibana project in Western Australia.
As per the contract, Hastings will supply 70,000 tonnes of mixed rare earth carbonate to thyssenkrupp Materials Trading GmbH in ten years.
The contract grants thyssenkrupp the exclusive rights to market and distribute HAS's rare earths product from Yangibana globally.
Stock up ~18% so far this year, as of the last close.
It was spotted trading at A$0.210 per share, up 4.999% at 11:27 AM AEST.
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20th Apr 11:43 AM AEST
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20th Apr 11:41 AM AEST
Copper gallops towards 10-year highs amid robust demands
Copper price jumped towards ten-year highs on Monday on the back of weaker US dollar.
Source: © Fambros | Megapixl.com
- Copper futures for May delivery traded 0.18 per cent up at US$4.25 per pound on 20 April 2021 at 10:37 AM AEST on COMEX.
- The US dollar traded at six-week lows on Monday helped to lift the prices of the red metal.
- A better-than-expected US and China economic data released last week have also boosted the hopes for a sharp economic recovery. The US President Joe Biden’s US$2.0 trillion infrastructure plan lent further optimism to the copper bulls.
- On the supply side, coronavirus-induced disruptions in some South American mines continues to create supply disruptions. These supply disruptions have also pushed copper prices higher.
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20th Apr 11:29 AM AEST
Crude oil edges higher on weaker US dollar
Source: © Batareykin | Megapixl.com
Crude oil prices climbed up on Monday on the back of weaker US dollar and lower US Treasury Yields.
- Brent crude oil for June delivery traded 0.07 per cent up at US$67.21 per barrel on 20 April 2021 at 10:13 AM AEST whereas, WTI crude oil future for June delivery traded at US$63.56 per barrel up 0.20 per cent.
- The US dollar that traded at six-week lows on Monday and US Treasury yields that dipped to five-week lows helped to lift the oil prices.
- The news from Saudi Arabia’s Joint Organisations Data Initiative (JODI) disclosed a drop in the country's oil exports.
- However, the rise in oil prices was partially offset by rising coronavirus cases in India, the world's third-largest importer of crude oil.
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20th Apr 11:15 AM AEST
Challenger (ASX:CGF) tumbles on weak annual profit outlook
The share price of fund manager Challenger Limited (ASX:CGF) fell up to 11.7% to A$5.83, its lowest since 23 December 2020.
The Company shared that it expects FY21 normalised net profit before tax at bottom end of guidance range of between A$390 million and A$440 million.
It said that updated guidance reflects ‘tighter credit spread environment’.
The Group's assets under management up 8% for March quarter, exceeding A$100 billion.
CGF is the biggest percentage loser in the ASX 200 benchmark index AXJO as of now today.
Meanwhile, the stock was spotted trading at A$5.870 per share, down 11.061% at 11:03 AM AEST.
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20th Apr 11:14 AM AEST
Keytone (ASX:KTD) registers robust revenue in FY21, shares surge
Keytone Dairy Corporation Limited (ASX:KTD) has shared it has churned out impressive revenue growth for the twelve months to 31 March 2021.
The total sales revenue of the Company rose 125% to record A$50.7 million against A$22.5 million in 2020.
The Company shared that even after the pandemic, KTD has recorded profits across all business segments including Australia Contract Manufacturing, New Zealand Dairy and Brands division.
Meanwhile, the stock was up 17.142% at A$0.205 per share at 10:54 AM AEST.
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20th Apr 11:04 AM AEST
Queensland Pacific Metals (ASX:QPM) upscales SPP to A$5 million to strong demand
Queensland Pacific Metals Limited (ASX:QPM) shared that owing to a strong demand, the SPP has been scaled up from A$3 million to A$5 million to allow shareholders to increase their holding.
A$10 million has been received in valid subscriptions, despite closing SPP early.
The extra funds will be used for initiatives that will support acceleration and advancement of the TECH Project.
Allotment of the shares will take place on Friday, 23 April 2021.
Meanwhile, the stock was spotted trading at A$0.105 per share.
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20th Apr 10:49 AM AEST
Irongate (ASX:IAP) set to acquire two Brisbane industrial properties
Irongate Group (ASX:IAP) announced that it will be acquiring two industrial properties in Brisbane.
This features an industrial facility to be constructed at 57-83 Mudgee Street, Kingston QLD and another one to be constructed at Lot 24, Dunhill Crescent, Morningside.
The Kingston Property and Morningside Property are being acquired on a fund-through basis.
The total purchase consideration for the Kingston Property is A$14,320,000 which represents an initial yield of 5.73% while, the for the Morningside Property, it is A$5,932,000 which represents an initial yield of 6.02%.
Meanwhile, the stock IAP was spotted trading at A$1.385 per share.
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20th Apr 10:48 AM AEST
Peako (ASX:PKO) starts 2021 Field Campaign at East Kimberley Project
Peako Limited (ASX:PKO) shared that its team is in the field at its flagship East Kimberley Project to test priority prospects.
The Company is undertaking the final ground validation and preparatory work for the Phase 1 air core programme which is scheduled to start in May 2021.
PKO has found 29 prospective drilling targets across nine prospect areas on its Eastman tenement for final field checking before subsequent drill testing.
Meanwhile, the stock was spotted trading at A$0.034 per share, up 6.250% at 10:15 AM AEST.
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20th Apr 10:28 AM AEST
Rio Tinto (ASX:RIO) reports solid operating performance in Q1 2021
Rio Tinto (ASX:RIO) achieved an overall solid operating performance in the first quarter and has maintained guidance ranges across all its products.
The Company reported Pilbara iron ore shipments of 77.8 million tonnes, indicating 7% growth versus the first quarter of 2020.
For the same comparative period, Aluminium production of 0.8 million tonnes was 3% higher.
RIO plans to continuously assess and adjust production levels and product mix to meet customer requirements.
The RIO stock traded at AUD120.850 at 10:18 AM AEST.
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20th Apr 10:21 AM AEST
Volpara Health Limited (ASX:VHT) reports largest quarterly increase in net new ARR during Q4FY21
Volpara Health Limited (ASX:VHT) recorded its largest quarterly increase in net new Annual Recurring Revenue (ARR) of USD1.1 million during Q4FY21 ended 31 March 2021.
Notable, VHT recorded its largest-ever fourth quarter, and therefore its largest-ever quarterly sales performance, bringing total ARR to USD18.6 million.
VHT also completed the acquisition of US breast cancer risk assessment company CRA Health, LLC, for USD18 million.
The VHT stock traded at AUD1.425 at 10:03 AM AEST.
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20th Apr 10:09 AM AEST
USCOM BP+ to enter Chinese market, shares watchful
Healthcare Company USCOM Limited (ASX:UCM) has shared that its patent protected high fidelity central blood pressure monitor, BP+ has received Chinese National Medical Products Administration (NMPA) approval for sale in China.
The certificate will be issued in next ten days.
The approval has been granted after a long process of testing and validation of the technology.
The USCOM BP+ is a patent protected digital suprasystolic oscillometric device that measures 34 parameters of blood pressure from each different sites in the arteries, providing unique information only previously available from invasive cardiac catheters.
Coupled with the USCOM BP+ Reporter, the BP+ provides the most advanced technology for BP monitoring of hypertension and vascular health.
Meanwhile, the stock was last traded at A$0.165 per share.
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20th Apr 09:58 AM AEST
Afterpay Limited (ASX:APT) advancing discussion for US listing after a robust Q3 FY21
Afterpay Limited (ASX:APT) has reported robust operating performance in Q3 FY21 throughout all regions with underlying sales growth of 104% on the pcp.
Moreover, APT’s quarterly performance was 123% higher than Q3 FY20 on a constant currency basis and March 2021 delivered the second highest monthly underlying sales ever recorded.
APT reported an increase of 75% to 14.6 million in the active customers worldwide and the customer acquisition has continued to gain momentum in April 2021 as well.
The Company is advancing discussions with external advisors to explore options for a US listing as the US market, being the largest contributor to APT’s business, is anticipated to continue strong growth.
The APT stock closed at AUD 126.200 on 19 April 2021.
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20th Apr 09:56 AM AEST
Elementos (ASX:ELT) completes capital raising for Oropesa Tin Project
Elementos Limited (ASX:ELT) shared that it will be continuing with the developments at its wholly owned Oropesa Tin Project in Spain after it received firm commitments from investors to raise a total of A$6.1 million before costs.
As per the Company’s release, Fully paid ordinary shares will be issued under the placement at an issue price of A$0.01 per share.
Disturbances in metal supplies coupled with a robust demand triggered by global economic stimulus have taken the tin prices to ten year highs trading over US$28,000 per tonne as compared to US$13,450 per tonne an year ago.
Meanwhile, the last traded price of the stock ELT was A$0.013 per share.
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20th Apr 09:47 AM AEST
HUB24 Limited (ASX:HUB) posts strong quarter of growth with record quarterly net inflows
HUB24 Limited (ASX:HUB) has witnessed robust growth during the quarter ended 31 March 2021, with HUB24 platform generating record quarterly net inflows of AUD1.9 billion. The Company’s Total Funds Under Administration stood at AUD51.4 billion and was awarded Best Platform Overall by Investment Trends.
HUB24 completed three strategic transactions and is now progressing with integration, development of new product solutions and growth of services to present customers.
The HUB stock last traded at AUD24.280 on 19 April 2021.
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20th Apr 09:21 AM AEST