Live ASX News Today
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10th May 07:00 PM AEST
Cleanaway (ASX:CWY) appoints Mark Schubert as the new Chief Executive Officer
Cleanaway Waste Management Limited (ASX:CWY) shared the news of appointment of new Chief Executive Officer, Mark Schubert. He will also serve the Company as its Managing Director.
Schubert has joined CWY from Origin Energy Limited (ASX:ORG) where he served as Executive General Manager, Integrated Gas for past four years.
Schubert, as per the Company release, will start working in the new role in the new financial year.
Following the news, the stock CWY closed 1.785% up at AUD 2.850 per share on Monday.
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10th May 06:58 PM AEST
Bod (ASX:BDA) records highest ever monthly sales of Medicinal cannabis products
Medicinal cannabis, CBD and hemp healthcare products company, Bod Australia Limited (ASX:BOD) reported on Monday, it has registered its highest ever month of medicinal cannabis sales during April, filling a total of 1,789 MediCabilisTM prescriptions in Australia.
Image source: © Egal | Megapixl.com
As per the Company release, this is a big achievement for Bod and underlines a 11% rise on the previous month and takes the total MediCabilisTM prescriptions filled in FY2021 to 9,519.
The total units sold were 9,519, a 138% rise on FY2020.
The Company says medicinal cannabis sales growth likely to continue with introduction of new products and scale up of UK operations.
Meanwhile, the stock BDA close the Monday session at AUD 0.425 per share, up 14.864%.
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10th May 06:58 PM AEST
Telix (ASX:TLX) starts Phase 3 clinical trial of prostate cancer therapy
Telix Pharmaceuticals Limited (ASX:TLX) shared that the Human Research Ethics Committee (HREC) has given received Clinical Trial Notification (CTN) clearance to the Company via Australian Therapeutic Goods Administration (TGA).
The clearance has been given to start a Phase 3 clinical trial of Telix’s PSMA targeted prostate cancer therapy candidate TLX591 in patients with advanced metastatic castrate-resistant prostate cancer.
TLX591 is an antibody-based radioimmunoconjugate aiming PSMA. PSMA is a cancer that usually targets men with metastatic prostate cancer.
Meanwhile, the stock TLX closed the Monday session 4.822% higher at AUD 4.130 per share.
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10th May 06:23 PM AEST
Pilbara Minerals (ASX:PLS) encounters ‘exceptional’ drilling results at Pilgangoora
ASX 200-listed Lithium producer Pilbara Minerals Limited (ASX:PLS) reported significant initial assay results from exploration and resource extension drilling programmes at its 100%-owned Pilgangoora Lithium-Tantalum Project in Western Australia.
7,009 drill metres completed to date of a proposed 9,500 metre programme.
Interpreted pegmatite intercepts also point to additional near-surface mineralisation adjacent to the old Altura tenement boundary and South Pit areas.
Meanwhile, the stock of the Company PLS closed Monday session at AUD 1.305 per share, up 10.593%, with a market capitalisation of AUD 3.41 billion.
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10th May 02:41 PM AEST
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10th May 02:16 PM AEST
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10th May 02:11 PM AEST
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10th May 01:25 PM AEST
Incitec Pivot (ASX:IPL) hits near 4-month low on earnings hit from Waggaman plant delay
The share price of industrial chemicals manufacturer Incitec Pivot Limited (ASX:IPL) tumbled 10.781% to AUD 2.400, its lowest since 14 January 2021.
The Company expected to hit EBIT of AUD 33 million – AUD 42 million from delay in restarting operations at its Waggaman ammonia plant.
It mentioned that repairs and re-start at Waggaman is currently expected to take 2-3 weeks.
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10th May 01:16 PM AEST
Regional Express (ASX:REX) gains on strong recovery hopes
The share price of Regional Express Holdings Limited (ASX:REX) gained as much as 3.1% to AUD 1.325 per share on Monday.
The Company says on the regional market front, its overall demand is back to 60% of pre-COVID levels.
Regional Express' unfettered cash reserves grew by 1,000% as compared to March 2020 as its five new domestic and two new regional routes witnessed robust advance bookings.
The Company believes that it will finish the FY 2021 with a breakeven situation.
Though, REX is down 37.6% this year, as of the last close, it was spotted trading at AUD 1.320 per share at 12:51 PM AEST.
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10th May 01:16 PM AEST
Omni Bridgeway (ASX:OBL) leads benchmark on Brisbane floods class action settlement
The share price of Omni Bridgeway Limited (ASX:OBL) gained as much as 9.3% to AUD 3.75, their biggest percentage gain since 25 November 2020.
The Litigation funding company has confirmed that in full year 2021 it recognised AUD 94 million from settlement of the Brisbane Floods class action.
The Company stated settlement represents costs reimbursement, project management fee & funding commission.
OBL now estimates potential future income from the remainder of investment is a range of AUD 103 million to AUD 238 million.
OBL is the biggest percentage gainer on the AXJO index today.
Though, the stock is down 20.2% this year as of the last close, it was trading at AUD 3.670 per share, up 6.997% at 12:42 PM AEST.
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10th May 01:13 PM AEST
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10th May 12:55 PM AEST
Miners eye best day in 10 weeks on soaring commodity prices
Australian metal miners AXMM gained as much as 3%, eyeing its best session since 3 March 2021.
The sub-index saw gains on the back of surging iron ore prices, as strong Chinese demand for the steelmaking ingredient pushed spot prices to the highest-ever level, while gold prices jumped after an unexpected drop in April U.S. jobs growth led to a retreat in the dollar and Treasury yields.
Global miners Rio Tinto (ASX:RIO) and BHP Group Ltd (ASX:BHP), both scaled record highs, gaining as much as 2.6% and 2.1%, respectively.
Fortescue Metals Group Limited (ASX:FMG) was up 6.617% and the top gainer on the sub-index.
Sandfire Resources (ASX:SFR) jumped as much as 5.5%, Ioneer Limited (ASX:INR) was up 4.2%, while gold heavyweight Newcrest Mining (ASX:NCM) gained 1.9%.
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10th May 12:27 PM AEST
Gold stocks hit 2-week high on robust bullion prices
Australian gold stocks AXGD gained as much as 2.2%, hitting their highest level since 26 April 2021.
Gold stocks climbed on the back of soaring bullion prices, as an unexpected drop in U.S. jobs growth in April led to a retreat in the dollar and Treasury yields, raising the safe-haven metal's appeal.
Index heavyweight Newcrest Mining Limited (ASX:NCM) rose as much as 2.2%, while Northern Star Resources Limited (ASX:NST) gained 1.3%.
Western Australia-focused Pantoro Ltd (ASX:PNR) was up 4.9%, while Dacian Gold Ltd (ASX:DCN) gained 4.4%.
Catalyst Metals Ltd (ASX:CYL) rose as much as 4.8% to hit its highest since 29 April.
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10th May 12:20 PM AEST
March quarter 2021 witnesses decline in Retail sales volumes in Australia: ABS
The Australian Bureau of Statistics shared the latest retail figures of the country on Monday according to which the retail sales volumes dropped 0.5% in the 2021 March quarter.
It should be underlined that the 2020 December quarter had witnessed a 2.4% growth.
The quarterly volume fall was triggered by households spending patterns gradually returning to pre-COVID times.
Key highlights:
- Food retailing fell 0.9%.
- Household goods retailing fell 0.1%.
- Clothing, footwear and personal accessory retailing grew 5.4%.
- Department stores rose 8.5%.
- Cafes, restaurants and takeaway food services rose 4.8%.
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10th May 12:09 PM AEST
Perpetual Resources (ASX:PEC) jumps on silica sand purchase deal with Chinese company
The shares of Perpetual Resources Limited (ASX:PEC) rose as much as 19.6% to AUD 0.110 per share on Monday.
The gold-focused explorer signs a Memorandum of Understanding with China-based Guangdong Qinyin New Material Technology Company.
PEC stated that MOU with Qinyin covers indicative interest to purchase 400,000 tons per annum of high-grade silica sand from Company's Beharra project in Western Australia.
The stock has posted its biggest intra-day percentage gain since 22 April 2021.
More than 4.6 million shares were traded as compared to the 30-day average of about 1.4 million shares.
Meanwhile, the stock has risen 73.6% this year as of the last close and was spotted trading at AUD 0.105 per share, up 14.130% at 11:21 AM AEST.
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10th May 11:40 AM AEST
Tanami Gold (ASX:TAM) and Northern Star Resources (ASX:NST) agree to restructure Central Tanami Joint Venture
Tanami Gold NL (ASX:TAM) shared that it has entered into a binding agreement with Northern Star Resources Limited (ASX:NST) and its wholly-owned subsidiary Northern Star (Tanami) Pty Ltd to establish a new 50/50 Joint Venture covering the Central Tanami Project.
The agreement is aimed at providing a pathway for exploration and development at Central Tanami. The main objective of both the Companies is to develop and start mining of the Groundrush deposit and any ore reserves, and resources delineated on the Joint Venture tenements at the earliest possible time.
Meanwhile, the stocks TAM and NST were trading at AUD 0.090 and AUD 11.035 respectively at 11:30 AM AEST.
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10th May 11:38 AM AEST
Gold shines on weak US job data
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Gold is trading at nearly 3-month highs amid speculations that interest rates will remain low for extended periods with inflation risks.
- Gold futures for June delivery traded at US$1,831.75 per troy ounce, up 0.02 per cent as of 10 May 2021 at 10:45 AM AEST.
- The payroll report spooked investors away from the dollar and pushed Treasury yields lower.
- The poor US job data has heightened the uncertainty about the US job outlook and boosted investors' expectations that the US central banks will keep the interest rates low till further economic recovery.
- The bullion prices are also boosted as a rise in safe-haven investment amid rising coronavirus cases in India, Japan and Thailand.
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10th May 11:30 AM AEST
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10th May 11:25 AM AEST
Digital Wine (ASX:DW8) witnesses 350% hike in April orders
Digital Wine Ventures Limited (ASX:DW8) shared that WINEDEPOT has shipped a total of 23,006 cases in April, up 580% on the same month last year.
In total 9,512 orders were processed during April. This is 350% higher MoM. This equated to a new record average of 2.42 cases shipped per order.
Several huge trade orders and wine club runs containing multiple cases contributed to the record results.
The Company also announced that WINEDEPOT has signed up another 19 new suppliers since the last update and has soft launched its direct-to-trade marketplace with the first orders being delivered in Sydney and Melbourne last week.
Meanwhile, the stock of the Company DW8 was spotted trading at AUD 0.110 per share at 11:19 AM AEST.
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10th May 11:24 AM AEST
PointsBet (ASX:PBH) acquires Premier Turf Club
PointsBet Holdings Limited (ASX:PBH) shared on Monday that its wholly-owned subsidiary PointsBet USA Inc has entered into a binding agreement to acquire Premier Turf Club, LLC, an Advance Deposit Wagering (ADW) operator.
The deal has been struck for USD 2.9 million.
The transaction is likely to get closed later this month.
Premier Turf Club is licensed in Oregon by the Oregon Racing Commission and is set to situate PointsBet within the growing US online racing market.
It should be noted that PointsBet is continually expanding rapidly across the United States.
Premier Turf Club has been in business over 13 years with the website BetPTC.com.
Meanwhile, the stock PBH was spotted trading at AUD 14.010 per share, up 3.318% at 11:11 AM AEST.
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10th May 11:04 AM AEST
Brookside Energy (ASX:BRK) provides an upbeat update on Jewell Well operations
Brookside Energy Limited (ASX:BRK) updated its investors and shareholders on the drilling of the high-impact Jewell Well located in Brookside’s SWISH Area Of Interest in the Anadarko Basin.
The Jewell Well was successfully spudded on the evening of 8 May 2021, after successful completion of rig-up and equipment testing. Operations in the previous 24-hour period included laying out the drill-string, making up the BHA, installing the MWD and making up the drill bit.
The well is currently drilling ahead in the vertical section.
Meanwhile, the stock of the Company BRK was trading at AUD 0.030 per share at 10:59 AM AEST.
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10th May 10:53 AM AEST
Alligator Energy (ASX:AGE) partners with Global Uranium Group Traxys, shares surge
Alligator Energy Limited (ASX:AGE) announced on Monday it has formed a strategic relationship with Traxys North America LLC, the US arm of the global commodities trading group Traxys.
Under the agency agreement signed today, Traxys will provide uranium marketing services for future uranium production, long-term offtake contracting, project development financing and assist in uranium project acquisition opportunities.
Traxys is a metals, minerals and alloys merchant, with a turnover exceeding USD 6 billion annually.
During the term of the agreement, Traxys will act as Alligator’s exclusive agent for the marketing of produced uranium.
Meanwhile, the stock AGE was trading at AUD 0.024 per share, up 20% at 10:51 AM AEST.L
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10th May 10:52 AM AEST
Oil prices climb on worldwide economic recovery optimism
Source: © Batareykin | Megapixl.com
Crude oil prices climbed up today in the hope of worldwide positive economic recovery despite surging COVID-19 cases in India.
- Brent crude oil futures for July delivery traded at US$68.94 per barrel up1.08 per cent and WTI crude oil futures for June delivery traded 0.97 per cent up at US$65.53 per barrel as of 10 May 2021 at 10:07 AM AEST.
- Both the benchmarks rose around 1 per cent in the last week, recording a second consecutive weekly gain on the back of a robust economic recovery in the US and Europe.
- In addition to that, China's strong export growth data of April month and a growth in the country's service sector activity has also fueled the oil bulls.
- However, surging coronavirus cases in Japan, Thailand and India, the third biggest consumer of crude oil globally, has dampened the oil demands and weighted the oil prices.
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10th May 10:18 AM AEST
PolyNovo (ASX:PNV) hires Joshua Cheetham as the new Director of Research and Development
PolyNovo Limited (ASX:PNV) announced recently that it has hired Dr Joshua Cheetham to the new position of Director of Research and Development.
Cheetham is an accomplished executive with more than 25 years of experience in research and development, regulatory, commercialisation of medical products and manufacturing operations.
He has extensive experience working with polymer technology and intellectual property, having developed, patented, and commercialised numerous products.
As per the Company release, Cheetham’s focus will be on quickly growing a significant world-class research and development team to capture and commercialise the many business developments and new product opportunities open to the company.
He will be leading the innovation strategy and research and development activities. Overseeing the hernia development would be an immediate priority.
Meanwhile, the stock was quoted at AUD 2.780 per share.
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10th May 10:18 AM AEST
Woolworths Group (ASX:WOW) to remain in strong position post demerger with Endeavour Group
Woolworths Group Limited (ASX:WOW) has been pursuing its separation from Endeavour Group and believes that the demerger shall improve shareholder value over time and is superior to other available alternatives.
The demerger is anticipated to produce two autonomous and prominent ASX-listed companies, while WOW shall continue to be Australia and New Zealand’s leading food and everyday needs business.
However, WOW and Endeavour shall retain the advantages of continuing relationship between the two groups throughout five vital aspects.
Subsequent to the demerger, WOW is expected to remain in a strong position with pro forma net cash (eliminating lease liabilities) of AUD75 million as at 3 January 2021.
The WOW stock traded at AUD39.420 at 10:16 AM AEST.
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10th May 09:59 AM AEST
Lendlease Group’s (ASX:LLC) Steve McCann appointed as CEO of Crown Resorts Limited (ASX:CWN)
Lendlease Group (ASX:LLC) has noted the appointment of Steve McCann as Chief Executive Officer and Managing Director of Crown Resorts Limited (ASX:CWN), with effect from 1 June 2021.
Earlier, LLC had declared that Mr McCann would retire from the Board of LLC on 31 May 2021 and shall be replaced by Tony Lombardo, effective from when Mr McCann retires from LLC.
LLC is progressing the transition of Mr Lombardo into the role and the duration for this transition remains unchanged after the announcement from CWN.
The LLC stock opened at AUD12.050 on 10 May 2021.
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10th May 09:58 AM AEST
Crown (ASX:CWN) to assess merits of the merger proposal received from The Star Entertainment Group
Crown Resorts Limited (ASX:CWN) has acknowledged the receipt of a merger proposal from The Star Entertainment Group Limited (ASX:SGR) to merge with CWN under a scheme of arrangement.
Star believes that there is a possibility to unlock substantial value from a sale and leaseback of the merged entity’s property portfolio.
CWN is yet to form a view on the merits of the merger proposal and shall now initiate a process to assess the proposal. For this purpose, CWN looks forward to engaging with significant stakeholders involving regulatory authorities.
The CWN stock last closed at AUD12.120 on 07 May 2021.
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10th May 09:55 AM AEST
Nuheara (ASX:NUH) commences first shipment of HP Elite Wireless Earbuds
Nuheara Limited (ASX:NUH) shared on Monday that it has made the very first shipment of HP Elite Wireless Earbuds and sent it to HP Inc. (HP) (NYSE:HPQ).
It should be noted that HP and Nuheara recently announced a three year agreement and this is the first product that is manufactured by Nuheara for HP, under the umbrella of this supply deal.
NUH had announced mass production of HP Elite Wireless earbuds on 21 April 2021 and had shared that these wireless earbuds will initially be offered as option bundled with select HP notebook computers.
Meanwhile, the last traded price of stock NUH was AUD 0.045 per share.
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10th May 08:43 AM AEST
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10th May 08:37 AM AEST