Live ASX News Today
-
19th May 04:58 PM AEST
Marquee Resources (ASX:MQR) gains on sale of lithium properties in Argentina
Marquee Resources Limited (ASX:MQR) gained as much as 1.6% to AUD 0.062, on Wednesday.
The mineral explorer informed it has executed share purchase deal with Vertex Lithium Corp to acquire Company's 30% stake in Centenario Lithium Project in Argentina.
The transaction has provided Marquee a consideration of AUD 300,000.
"Given the difficulties that we have experienced in properly exploring the Centenario Project since we acquired our interest a few years ago, this sale is a great result for company," said Chairman Charles Thomas.
The stock MQR closed the session today at AUD 0.061 per share.
-
19th May 04:53 PM AEST
Australia’s mining stocks fall on declining iron prices, selloff in heavyweights
Australian mining subindex AXMM slumped as much as 3.5%, marking its biggest pct loss since 4 March 2021.
The Iron ore prices dropped as worries regarding steel supply curbs eased. Mining index dropped after gaining about 3.1% over the past two sessions.
Heavyweight miners Rio Tinto (ASX:RIO), BHP Group Limited (ASX:BHP) and Fortescue Metals Group Limited (ASX:FMG) fell between 3.6% and 4.4%.
Gold miners on the sub-index also lost after gaining 6.4% in the last two sessions, Newcrest Mining Limited (ASX:NCM) shed up to 2.6%.
Leading losses on the subindex, gold miner St Barbara Limited (ASX:SBM) slipped for the second straight session, after trimming its FY21 consolidated gold production forecast on Tuesday.
AXMM was the biggest percentage loser on the benchmark S&P/ASX 200 index AXJO.
-
19th May 04:53 PM AEST
Lithium Energy (ASX:LEL) doubles in value on market debut
Lithium Energy Limited (ASX:LEL) soared as much as 105% to reach AUD 0.410 on first day of listing on the ASX.
The lithium explorer, which was spun out of Strike Resources (ASX:SRK), raised AUD 9 million in its initial public offering (IPO) of 45 million shares at AUD 0.2 per share.
The Company got listed with initial market capitalisation of AUD 16 million.
LEL was spun off to focus on the Solaroz Lithium Brine Project in South America.
-
19th May 03:49 PM AEST
-
19th May 03:21 PM AEST
Cettire (ASX:CTT) hits record high on Klarna partnership
The shares of Cettire Limited (ASX:CTT) jumped as much as 11.1% to an all-time high of AUD 1.94 per share.
The Company announced partnership with payments firm Klarna for use of the Swedish company's products on its platform.
-
19th May 03:20 PM AEST
QMines (ASX:QML) hits record high on high-grade results at Queensland project
Shares of copper explorer Qmines Limited (ASX:QML) rose as much as 62.2% to AUD 0.665, hitting a record high on Wednesday.
The Company informed drilling at its Mt Chalmers Copper Project in Queensland revealed high-grade copper & gold results.
The stock has posted its biggest intraday percentage gain on the record.
At 3:00PM AEST, the stock was up 15.853% at AUD 0.475 per share.
-
19th May 03:19 PM AEST
Laybuy (ASX:LBY) hits record low on discounted share placement
Laybuy Group Holdings (ASX:LBY) posted all-time low levels after the buy now, pay later firm announced a discounted share placement on Wednesday.
LBY stated it will raise AUD 35 million to fund its expansion in the UK.
The Company informed it will be placing shares in two tranches at AUD 0.50 per share, a 26.5% discount to the stock's last close.
LBY said it entered partnerships with Rakuten, AWIN and Sovrn, providing access to more than 5,000 merchants in the UK.
Stock is down 47.7% YTD and is 74.8% below its 52-week high hit on 7 September 2020.
At around 2:50 PM AEST, the stock was trading 14.706% down at AUD 0.580 per share.
-
19th May 02:59 PM AEST
BPM Minerals (ASX:BPM) hits record high on acquiring Recharge Resources
BPM Minerals Limited (ASX:BPM) shares sky-rocketed 169.047% to AUD 0.565 per share on Wednesday as the Company announced it has entered into a binding Heads of Agreement to acquire Recharge Resources Pty Ltd from Melbourne-based Borg Geoscience Pty Ltd.
Recharge holds four exploration licences and applications in Western Australia and one exploration license in Southern Australia.
BPM says acquisition will be supported by a proposed AUD 1.5 million private placement.
-
19th May 02:43 PM AEST
AdAlta (ASX:1AD) granted Japanese patent for AD-214
AdAlta Limited (ASX:1AD) shared via an ASX release that Japan Patent Office (JPO) has granted a key patent relating to the Company’s lead program, AD-214.
AdAlta informed that Japan Patent Number 6863897 is entitled “CXCR4 binding molecules and methods of use thereof” and has an expiration date of 8 January 2036. This patent contains the makeup of AD-214 and its usage in therapeutic and diagnostic purposes. This features Idiopathic Pulmonary Fibrosis (IPF), the lead indication for which AD-214 is being developed.
This is the third patent to be granted under this application. The Australian version was granted in 2017 and the US version in 2020. The Company is looking for approvals in the European Union and China as well.
The stock traded 3.572% down at AUD 0.135 per share at 2:15 PM AEST.
-
19th May 02:12 PM AEST
EML Payments (ASX:EML) shares tumble up to 40%, here’s why
The shares of EML Payments Limited (ASX:EML) nose-dived to lose more than 40% as the Central Bank of Ireland has raised significant concerns regarding EML’s Irish subsidiary.
PFS Card Services (PCSIL) has received a communication from the Central Bank of Ireland saying it is ‘minded to issue directions’ to the Company around Anti-money Laundering (AML) and Counter Terrorism Financing (CTF) matters.
At around 2:00 PM AEST, the stock EML was trading at AUD 3.035 per share, down 41.068%, with a market capitalisation of AUD 1.86 billion.
-
19th May 01:51 PM AEST
Paradigm Biopharmaceuticals (ASX:PAR) shares gain as the firm achieves first revenue
Paradigm Biopharmaceuticals Ltd (ASX:PAR) was one of the most buzzing stocks of the day. The Company received its first revenue through a physician prescription of Zilosul® to patients via the TGA SAS.
The Company shared via ASX release that in Australia, injectable Pentosan Polysulfate Sodium, for human use, is only available to patients who qualify for inclusion into a Paradigm Sponsored clinical trial or through a treating physician applying for its use in patients.
PAR updated that Zilosul® will only be provided to practitioners with SAS approval and who are willing to perform the recommended monitoring of patients who have received Zilosul®.
The shares were spotted trading 5.238% higher at AUD 2.210 at 1:30 PM AEST.
-
19th May 12:58 PM AEST
-
19th May 12:39 PM AEST
Bard1 (ASX:BD1) presents Exo-Net® Exosome Isolation data at ISEV2021 Conference, shares surge
The share price of Bard1 Life Sciences Limited (ASX:BD1) surged gaining up to 6.097% to reach AUD 2.610 per share at 11:40 AM AEST.
The Company shared it will be producing a poster entitled “EXO-NET®: A Novel, Rapid, Scalable Exosome Isolation Technology” at the virtual International Society for Extracellular Vesicles (ISEV) Annual Meeting.
ISEV2021 will feature scientists from fields like academia, clinics, and industry, who have a common goal of better understanding EVs and applying this knowledge for societal and economic benefit.
The results highlighted in the poster say that EXO-NET® is a novel approach for the rapid, pure and high yield capture of exosomes from complex samples, including body fluids such as plasma, urine and saliva.
-
19th May 12:38 PM AEST
Great Boulder (ASX:GBR) gains 15% on securing A$ 5.5 million for Whiteheads & Side Well Gold Projects
Great Boulder Resources Limited (ASX:GBR) announced today that it has secured binding commitments to raise AUD 5.5 million at AUD 0.080 each share via full placement capacity.
The Placement proceeds and existing cash reserves shall result in a strong cash balance of about AUD 8.7 million, the ASX declaration read. This would support GBR undertake high impact exploration drives at its Side Well Gold Project and Whiteheads Gold / Nickel Project in WA.
GBR also expects strong near-term results from recently completed Mulga Bill C drilling, Jones Well soil sampling and Whiteheads regional AC drilling. Great Boulder has even commenced a regional AC drill program at Side Well.
A new exploration program shall also be taken up using this money at the Wellington Base Metal Project. It will help complete an airborne electromagnetic survey at Whiteheads to review nickel sulphide potential.
Briskly, after announcements, GBR shares reached AUD 0.105 at 10:18 AM AEST, gaining 15.34%.
-
19th May 12:37 PM AEST
Strandline (ASX:STA) shares spurt as it signs a binding zircon offtake contract for Coburn
Image Source: © Oriontrail | Megapixl.com
Strandline Resources Limited (ASX: STA), on 19 May 2021, announced continued implementation of its flagship Coburn mineral sands project.
The Company shared it has secured a binding offtake contract for its premium zircon product with Mario Pilato BLAT S.A.
The Agreement, for nominally 10,000 tonnes p.a., is initially for two years. Contracts reference zircon sale price to the prevailing US-dollar market rate. This will result in a forecasted sale worth 8-9% of Coburn’s annual revenue.
With this, Strandline now has 100% of Coburn’s forecasted revenue secured with binding sales contracts. Revenues are estimated to average USD 140 million p.a. (AUD 200 million approximately)
The offtake contracts secure sales for 80% of production. Agreements are with major American and European clients and mineral sand consumers in Asia.
Production at Coburn project shall now be fully cash funded. Its first production of Heavy Mineral Concentrate (HMC) is scheduled for the December quarter of 2022.
Cheerfully, post-announcement STA shares traded 5.128% up at AUD 0.205 at 12:20 PM AEST.
-
19th May 12:36 PM AEST
Oil slips from two-month highs on news of Iran deal revival
Source: © Designer491 | Megapixl.com
Crude oil prices tumbled from two-month highs on Tuesday, followed by the news that the US and Iran have made significant progress over reviving a deal to restrict Iran's nuclear weapon development.
- July delivery Brent crude oil futures traded nearly flat at US$68.45 per barrel, whereas WTI crude oil futures for July delivery traded 0.55 per cent down at US$65.14 per barrel as of 19 May 2021 at 10:05 AM AEST.
- Iran is expected to boost oil shipments, contributing to global supply, if the US lifts sanctions on Iran.
- Brent oil benchmark first time hit the US$70 per barrel mark during a session on Tuesday after March 2021.
- The initial jump in crude oil prices can be attributed to ease in coronavirus restrictions in Britain and Europe. A drop in the US coronavirus cases, especially in New York, has also fuelled the oil bulls.
- However, rising cases in India, Taiwan, and Singapore are still concerns that weighted oil prices due to COVID-19 lockdowns.
-
19th May 12:33 PM AEST
Zinc prices hit 3-year highs amid power shortage issue in Yunnan
Source: © Edhardream | Megapixl.com
Zinc prices surged to three-year highs, the level last seen in June 2018 amid supply deficit over power shortage issues.
- LME zinc grew as much as 3.1 per cent to US$3,108.50 per tonne on Tuesday, whereas zinc futures on COMEX traded at US$3,055.50 per tonne.
- The prices were boosted on assumptions that smelters present in China’s Yunnan province are limiting their supply due to power shortage.
- The major smelters of the region were asked to limit their power usage by 10 per cent that would ultimately reduce the equivalent supply of refined zinc, as per the estimate made by Beijing Antaike Information Development Co.
- China's monthly refined zinc output is about 600,000 tonnes, into which Yunnan is contributing around 75,000 tonnes.
- An enhanced tax rate on major mining companies of Peru and Chile has further pressurised the industrial metal's supply and boosted the prices.
-
19th May 12:06 PM AEST
-
19th May 11:00 AM AEST
BNK Banking (ASX:BBC) Joins Hands with Goldman Sachs
BNK Banking Corporation Limited (ASX:BBC) (BNK) has agreed to enter into a non-binding agreement with Goldman Sachs. The initial alliance would be for five years.
The alliance gives Goldman a chance, to initiate, fund and securitise housing mortgages in Australia.
As per the contract, Goldman Sachs will provide funding and act as arranger, structuring agent and distributor. BNK will be the originator, servicer and trust manager. This will be for any securitisation program having uncommitted facility limit of AUD 500 million.
Their alliance agreement and execution documents are currently being finalised. A further announcement is expected post finalization.
According to Brett Morgan, CEO of BNK Bank, the alliance reflects on the scale, uniqueness and value of BNK’s residential mortgage lending abilities.
However, BNK shares did not show any movement. They were trading at AUD 0.720 at 10:35 AM AEST.
-
19th May 10:55 AM AEST
Proteomics (ASX:PIQ) secures major analytical services contract
Proteomics International Laboratories Ltd (ASX:PIQ) has secured a crucial pharmacokinetic testing contract with Australia’s largest clinical trial contract research organisation Avance Clinical.
Under this deal, Proteomics will be performing advanced pharmacokinetic testing of a novel drug for lysosomal storage disorder.
This is the Company’s largest single analytical services contract to date, with a value of AUD 243,000.
The shares of the stock PIQ were trading at AUD 1.140 per share at 10:45 AM AEST.
-
19th May 10:45 AM AEST
Mako Gold Limited (ASX:MKG) Extends Drilling at Gogbala Prospect
Mako Gold Limited (ASX:MKG) confirmed assay results for 23 final RC holes at Gogbala drilling space on 19 May 2021. The Company also shared the results for 13 RC survey holes between Gogbala and Tchaga prospects.
According to the ASX release, preliminary drilling phase at Gogbala is now complete. 2 high-priority drilling targets and 5 secondary targets, have been identified, for follow-up drilling, at Gogbala Project vicinity.
Intersections at Gogbala contain:
- NARC352: 5m at 3.28g/t Au from 91m; and 1m at 10.74g/t Au from 92m
- NARC351: 3m at 2.36g/t Au from 42m
Wide-spaced drilling at Target H, between Tsaga and Gogbala, returned 22m at 0.25g/t Au. It confirmed the continuity of mineralised gold system in the area. Follow up drilling is being planned to route in on high-grade gold on Target H.
While drilling continues at Tchaga Prospect, assay results are pending for 55 RC and 6 DD holes.
Due to positive affirmations at the ASX, MKG shares traded at AUD 0.105 at 10:14 AM AEST. Shares were 5% up from previous close.
-
19th May 10:38 AM AEST
Kathmandu Holdings (ASX:KMD) appoints Michael Daly as Group CEO, shares watchful
Kathmandu Holdings Limited (ASX:KMD) announced the appointment of Michael Daly as Group Chief Executive Officer and Managing Director following the resignation of Xavier Simonet.
Chairman of Kathmandu Holdings, David Kirk, said:
Michael has led Rip Curl for 8 years and will be taking up the position of Group CEO immediately.
The stock KMD was quoted at AUD 1.480 per share, down 0.672 at 10:15 AM AEST.
-
19th May 10:28 AM AEST
DiscovEx Resources (ASX:DCX) confirms high-grade mineralisation at Newington gold project
DiscovEx Resources Limited (ASX:DCX) has reported single metre re?split assays that have been returned from RC drilling concluded at the Newington gold project.
These results were previously reported as 4m composites and have now upgraded the original assays and reinforced the existence of high?grade mineralisation at the Dawsons Prospect.
Moreover, Mineralisation is found to be hosted within a narrow high?grade quartz vein and is open at depth.
The DCX stock traded at AUD 0.006 at 10:10 AM AEST.
-
19th May 10:07 AM AEST
Prospa Group Limited’s (ASX:PGL) lending exceed AUD2 billion and originations rebound by ~1330%
Prospa Group Limited (ASX:PGL) has generated more than AUD2 billion in lending to date by way of its financial technology platform supporting growth in the small business economy across Australia and New Zealand.
The key breakthrough is seen as a result of a strong growth in the originations and substantial pent-up demand from small businesses, which also helped the Company exceed the AUD100 million mark in originations.
Total originations rebounded by 1331.0% for April 2021 and stood at AUD41.5 million as compared to pcp.
The PGL stock opened at AUD0.870 on 19 May 2021.
-
19th May 10:03 AM AEST
Carpentaria (ASX:CAP) completes Hawsons Joint Venture Sale Agreement
Carpentaria Resources Ltd (ASX:CAP) announced that the joint venture sale agreement approved by shareholders at the Company’s Annual General Meeting on 2 November 2020 has been completed.
As per the agreement, the Company acquires the 24.149% interest in the Hawsons Iron Project held by Pure Metals Pt Ltd in return for the allotment and issue of 90,800,000 fully-paid ordinary shares.
The ASX release suggests that Investors have committed to purchase all of the 90.8 million Carpentaria shares.
Carpentaria shared that Regal Funds Management has agreed to take a large percentage of this trade.
The stock of the Company, CAP traded last at AUD 0.150 per share.
-
19th May 09:58 AM AEST
Nutritional Growth Solutions (ASX:NGS) launches clinically proven nutrition bar
Nutritional Growth Solutions (ASX:NGS) has launched its first nutrition bar – the first of several planned expansions to its product range.
The new Healthy Height® nutrition bar is formulated with the same profile as NGS’ Healthy Height® patented shake range that is clinically proven to increase growth development in children aged between 3 and 9 years old by 13.8% – 34% in their annual growth.
As per the release, the product is getting launched in North America in May, with other global markets to follow.
The stock’s last traded price on the ASX was AUD 0.215 per share.
-
19th May 09:52 AM AEST
Catalyst Metals (ASX:CYL) completes metallurgical test work at Boyd’s Dam Prospect
Catalyst Metals Limited (ASX:CYL) has declared the completion of initial metallurgical test work on primary material to attain multiple objectives of determining:
- the importance of producing gravity and flotation concentrates from the Boyd’s Dam Prospect and thus indicating that collective concentrates could be shipped to other facilities in Victoria or to other places for gold ore production.
- the viability of gold recoveries attained by cyanidation ensure treatment, in case an alternative treatment route is accessible through a present process plant in Victoria.
The CYL stock last traded at AUD1.940 on 18 May 2021.
-
19th May 09:47 AM AEST
Serko (ASX:SKO) reports constrained demand during FY21 amid disruption in travel market
Serko Limited (ASX:SKO) experienced restricted demand for its market leading travel and expense management solutions amid severe disruption in the travel markets globally due to COVID-19 pandemic during the year ended 31 March 2021.
However, SKO witnessed improvement in travel booking volumes throughout its key Australasian business and made progress well to poise the company for an anticipated recovery in its Northern Hemisphere markets.
Key financials for FY21 include the following:
- Total Income (including grants) stood at AUD16.9 million and Total Operating Revenue was down 52% against pcp.
- As a result of increased operating expenses and reduced revenue, net loss after tax for the year was AUD29.4 million.
The SKO stock last traded at AUD5.940 on 18 May 2021.
-
19th May 09:27 AM AEST
-
19th May 08:43 AM AEST
-
19th May 08:07 AM AEST