Live ASX News Today
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20th May 05:11 PM AEST
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20th May 04:20 PM AEST
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20th May 03:56 PM AEST
Sunstone Metals (ASX:STM) sells more than A$10 million in Copperstone shares
Sunstone Metals Limited (ASX:STM) has announced that it has agreed to an off-market sale of 70 million Copperstone Resources AB shares at around AUD 0.123 per share for AUD 8.6 million cash.
In addition, Sunstone has recently sold 12,626,268 shares on-market for a further AUD $1.7 million. The combined sales of 82.56 million shares has generated AUD 10.3 million in cash.
The stock STM was spotted trading at AUD 0.019 per share at 3:20 PM AEST on Thursday,
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20th May 03:15 PM AEST
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20th May 03:08 PM AEST
Why is Suvo Strategic Minerals (ASX:SUV) trading higher today?
The share price of the stock Suvo Strategic Minerals Limited (ASX:SUV) was spotted trading 9.375% higher at AUD 0.175 per share at 2:50 PM AEST on Thursday.
The Australian hydrous kaolin producer and exploration company shared that Nova test work shows potential for high value silica flour products.
The Company shared that the samples broadly repeat historical work and the last of the sighter test work has indicated that 17.8% of the silica sand reports to the silica flour size fraction.
The 100%-owned Nova Silica Sands Project is located 300km north of Perth, Western Australia. The project comprises four granted exploration licences.
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20th May 02:55 PM AEST
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20th May 02:43 PM AEST
Connexion Telematics (ASX:CYZ) renews contract with General Motors
Connexion Telematics Ltd (ASX:CXZ) shared it has signed a renewed agreement with General Motors for the provision of its OnTRAC software platform for a further 5 years.
In late August 2018, Connexion Telematics announced that it has grabbed a three-year contract by General Motors to design, develop and deliver application programmes and supporting infrastructure to automate the General Motors Courtesy Transportation Programme.
Meanwhile, the stock CYZ was spotted trading 14.285% higher at AUD 0.016 per share at 1:00 PM AEST.
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20th May 02:43 PM AEST
Unemployment rate falls to 5.5% in April: ABS
The Australian Bureau of Statistics shared the most recent unemployment statistics of Australia on 20 May 2021.
ABS stated the seasonally adjusted unemployment rate fell by 0.2 percentage points to 5.5% between the period of March and April 2021.
Key highlights:
- This is the sixth straight decline in the unemployment rate, down from 6.9% in October 2020.
- The unemployment rate was 0.9 points lower than April 2020, and 0.2 points higher than March 2020.
- The Youth unemployment rate declined 1.1 points to 10.6%.
- Unemployed people decreased by 33,600 to 756,200.
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20th May 02:03 PM AEST
Genex Power (ASX:GNX) closes A$ 777 million Kidston Hydro Project, shares gain on ASX
The stock of the Company Genex Power Limited (ASX:GNX) was trading at AUD 0.235 per share, up 6.818% at 1:30 PM AEST on Thursday.
The Company shared that it has now reached financial close for the 250MW Kidston Pumped Storage Hydro Project ‘K2-Hydro’.
Financial close for the Project follows settlement and allotment of 106,990,005 shares in Genex at AUD 0.2337 per share to J-POWER, who now becomes the largest single shareholder in the Company with a 10% interest.
Meanwhile, the Company continues to ramp up construction activities at the Kidston site.
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20th May 01:54 PM AEST
BNK Banking (ASX:BBC) hits near two-year high on upbeat profit view
The share price of BNK Banking Corporation Limited (ASX:BBC) fell as much as 9.9% to AUD 0.835, its highest since 28 May 2019.
The financial services provider had informed its underlying net profit after tax for FY21 is anticipated to be in the range of AUD 6.7 million -AUD 7.0 million.
The Company stated FY21 NPAT guidance represents a 36% to 42% increase on the prior year and reflects strong growth in aggregation settlements and loan book growth.
BBC posted its third straight session in the black and its biggest intraday percentage gain since 4 May.
The stock is up 8.6% YTD as of the last close.
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20th May 01:53 PM AEST
Pure Hydrogen (ASX:PH2) gains on MoU with H2H Energy
The share price of Pure Hydrogen Corporation Ltd (ASX:PH2) gained as much as 12.5% to AUD 0.225 on Thursday.
The Oil and gas explorer executed Memorandum of Understanding with Australian hydrogen focused company H2H Energy Pty Ltd.
Under the MoU, H2H will be supplying and maintaining refuelling outlets on a number of Company's proposed sites.
PH2 added that it is planning to develop hydrogen refuelling hubs on the Australian east coast.
While, the stock has more than doubled in value this year as of the last close, it was trading 7.499% higher at AUD 0.215 per share at 1:10 PM AEST.
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20th May 01:52 PM AEST
EML Payments (ASX:EML) gains a day after tanking almost 50%
EML Payments Limited (ASX:EML) rose as much as 15.4% to AUD 3.230 each share on Thursday.
EML is top gainer in the benchmark stock index AXJO.
The payments solution provider closed nearly 46% lower on Wednesday to weigh the most on AXJO.
EML gave up more than 20% gains it notched this year amid firm demand for alternate payment products and services.
The shares sank after the Company revealed one of its Irish units was looking at operational curbs after the country's central bank raised regulatory concerns.
Meanwhile, the stock was found trading at AUD 3.060 per share, up 9.285% at 1:00 PM AEST.
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20th May 01:50 PM AEST
Beacon Lighting (ASX:BLX) hits over five-year high on upbeat profit view
Beacon Lighting Group Ltd (ASX:BLX) gained as much as 7.7% to AUD 2.100, its highest since 5 February 2016.
The Company dealing in light fittings, ceiling fans and energy efficient products shared it sees net profit after tax for FY21 in the range of AUD 35.5 million to AUD 37.5 million as compared with AUD 20.4 million earned last year.
The Company attributed the upbeat profit guidance to growth in retail and online sales, improvement in gross profit margins and the careful management of expenses.
While, the stock is up 16.1% YTD as of the last close, it was trading 3.589% higher at AUD 2.020 per share at 1:00 PM AEST.
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20th May 01:50 PM AEST
Adslot (ASX:ADS) signs deal with S4 Capital units, gains substantially
Adslot Limited (ASX:ADS) gained as much as 7.7% to AUD 0.028 on Thursday.
The media and advertising firm has executed an agreement with Media Monks and its sister agency Firewood Marketing, U.S.-based subsidiaries of advertising and marketing company S4 Capital SFOR.
ADS stated agreement will enable Media Monks and Firewood to trade with Company’s growing catalogue of premium U.S. and global publishers via Adslot Media marketplace.
The stock ADS was trading 3.846% higher at AUD 0.027 per share at 12:50 PM AEST.
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20th May 12:57 PM AEST
Core Lithium (ASX:CXO) discovers new exploration target, shares jump
Core Lithium Ltd (ASX:CXO) rose as much as 6.5% to AUD 0.245 on Thursday.
The lithium explorer informed it has defined additional exploration target of 9.8 million tonnes to 16.2 million tonnes of lithium oxide across seven different prospects within its Finniss Lithium project near Darwin.
Core Lithium says it is aiming to convert a high proportion of the exploration target at Finniss to Mineral Resources in 2021.
The stock has marked biggest intraday percentage gain since 14 May 2021.
CXO was quoted at AUD 0.235 per share, up 2.173% at 12:40 PM AEST.
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20th May 12:40 PM AEST
American Rare Earths (ASX:ARR) grabs exploration projects in Nevada, shares surge
The share price of American Rare Earths (ASX:ARR) gained as much as 17.4% to AUD 0.081 on Thursday.
The rare-earth minerals miner says it has secured mining claim rights over high-grade rare earths element project, containing 80 contiguous lode mining claims, in Nevada.
The stock has hit its highest since 11 May 2021.
As of 12:21 PM AEST, the stock was trading at AUD 0.077 per share, up 11.594%.
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20th May 12:38 PM AEST
Iluka Resources (ASX:ILU) tumbles as Sierra Leone unit to suspend operations
The share price of Iluka Resources Limited (ASX:ILU) fell as much as 12.4% to AUD 7.680, posting its biggest intraday percentage drop since 23 March 2021.
The firm stated its unit in Sierra Leone gave six months' notice to the country's government about its intention to temporarily suspend operations, effective 19 November.
ILU said Sierra Rutile faced acute business challenges, particularly since the onset of the COVID-19 pandemic, and its financial performance was "unsustainable".
During the notice period, Sierra Rutile will evaluate the feasibility of continuing mining operations by implementing cost cuts or look for investors.
Sierra Rutile's production outlook of 145,000 tonnes of rutile for 2021 is withdrawn, informed ILU.
The stock has hit its lowest since 14 April 2021 and is the second-biggest loser on the benchmark stock index AXJO.
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20th May 12:12 PM AEST
Province Resources (ASX:PRL) gets Oversubscribed Commitments For A$ 18 Million Capital Raising
Province Resources Ltd (ASX:PRL) has confirmed receival of firm commitments for AUD 18 million equity capital raising. Subscription is priced at AUD 0.15 per share. As of now, it is heavily oversubscribed by ESG and other institutional funds.
Province's medium-term ambitions are now fully funded. The Company is well placed to meet any capital requirements for scoping, feasibility studies and mineral exploration commitments at its HyEnergy ZERO CARBON HYDROGEN Project.
Post completion of Capital Raising, PRL's cash position will be more than AUD 23 million.
PRL shares trade at AUD 0.172 at 11:16 AM AEST.
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20th May 12:10 PM AEST
The US waives Nord Stream 2 sanctions to build good ties with Europe
Source: © Kodym | Megapixl.com
The US Secretary of State, Antony Blinken, has waived sanctions on the construction of the long-time beleaguered gas pipeline, Nord Stream 2 AG.
- The decision to waive sanctions came as the US government wants to build good ties with Germany after the relations deteriorated under former president Donald Trump.
- The state department has imposed sanctions on four Russian ships that commenced pipe laying activity in Danish waters during April.
- Joe Biden opposed the US$11 billion project that is intended to transport cheaper Russian gas to German markets. The US believes that the Russian exports could dent the United State's business of exporting expensive gas to Germany.
- Gazprom, a Russian state energy company and its western partners, are progressive in transporting gas through the Baltic Sea pipeline. The project is around 95 per cent complete.
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20th May 12:09 PM AEST
ECS Botanics (ASX:ECS) gains more than 8% on Launch Of Innovative Terpene Blend Range
Image Source: © Lekjorruang | Megapixl.com
ECS Botanics Holdings Ltd (ASX:ECS) announced today, launch and distribution of a range of terpene blend products under its wellness brand.
Manufacturing and distribution are underway. A Distribution agreement for 12 months has been signed with Cronos Australia (ASX:CAU), another medicinal cannabis producer.
ECS is planning to broaden its list of distribution partners further to reach across Australia. Currently, it has received partnership quotes from Releaf Clinics, Global by Nature, Rener Health Products and Complete Health Product.
ECS shares trade at AUD 0.039, up 8.33% at 11:30 AM AEST.
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20th May 11:59 AM AEST
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20th May 11:58 AM AEST
Qantas (ASX:QAN) Reports a Strong Liquidity Position in H2- FY21
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As per the Qantas (ASX:QAN) market update issued today, sustained domestic recovery is driving strong cash generation. Statutory free cash flow is positive for H2- FY21. It has a strong liquidity position of AUD 4.0 billion, and net debt has started to decline.
The Group is on track to reach 95% of its pre-COVID domestic capacity for the fourth quarter of FY21. Jetstar Underlying EBIT was positive in April & Underlying EBITDA of AU$ 400-450 million is expected in FY21. Qantas Loyalty program is returning to earnings growth in H2- FY21.
It has revised the assumption for the phased return of major international flights from late December 2021 onwards.
The company forecasts a statutory loss before tax of more than AU$ 2 billion in FY21. Its recovery program is also on track to deliver AU$ 600 million due to ongoing cost reduction in FY21.
QAN shares traded 3.650% higher at AUD 4.685 at 11:30 AM AEST.
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20th May 11:52 AM AEST
Australian Agricultural Company (ASX:AAC) registers upbeat H1-FY21 results
Australian Agricultural Company Limited (ASX:AAC) shared the H1-FY21 numbers and result has been positive despite several uncertainties.
Key Highlights:
Operating Profit was AUD 24.4 million, and Operating Cash Flow, AUD 18.4 million.
EBITDA profit stood at AUD 99.3 million, higher by AUD 19.2 million.
Net assets were AUD 1 billion and NTA, AUD 1.75 as on balance sheet date.
The company has rationalised its brand portfolio. AAC’s branded beef meat sales price improved by 8% per kg.
Due to last year's drought and flood conditions, lower calving rates resulted in lower meat for sale volume in FY21. This is expected to continue into FY22 as well.
AAC shares traded at AUD 1.220 at 9:57 AM AEST. -
20th May 11:52 AM AEST
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20th May 11:42 AM AEST
Advanced Human Imaging (ASX:AHI) gains on collaboration with US firm
The shares of Advanced Human Imaging Limited (ASX:AHI) rose as much as 19.4% to AUD 1.88 on 20 May 2021.
The Company shared it has signed a binding terms sheet with U.S.-based on-device blood pathology co Jana Care Inc.
The term sheet is to integrate Jana's on-device blood screening tool with Company’s BodyScan tool
The stock has risen for a fifth straight session and is up 30.2% this year, as of the last close.
At 11:00 AM AEST, the stock was trading 10.476% higher at AUD 1.740 per share.
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20th May 11:26 AM AEST
Crude oil slips on subdued demand amid surging COVID-19 cases in Asia
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Crude oil prices slipped around US$2.0 per barrel on Wednesday amid damp energy demand due to surging coronavirus cases in Asia.
- Brent crude oil futures for July delivery traded 0.12% up at US$66.71 per barrel, and WTI crude oil futures for July delivery traded at US$63.45 per barrel, up 0.16% as of 20 May 2021 at 10:21 AM AEST.
- Prices were also weighted by the concerns that the US inflation could prompt Federal Reserve to slow down the economic growth with a hike in interest rates.
- It is speculated that the Fed might increase the rates to reduce investor’s exposure to commodities, cryptocurrencies and stocks.
- In addition to that, progress in the Iran nuclear deal is expected to add between 1 million to 2 million bpd extra into the market that could create crude oil surplus into the market to squeeze oil prices.
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20th May 11:14 AM AEST
Nufarm (ASX:NUF) swings to profit, shares rise
Nufarm Ltd (ASX:NUF) gained as much as 5.5% to AUD 5.160, marking its biggest intraday percentage gain since 3 March 2021.
The seed technology and crop protection manufacturer stated group total HY profit attributable was AUD 60.4 million, turning around from AUD 85.2 million loss last year.
NUF informed that HY revenue jumped to AUD 1.65 billion from AUD 1.48 billion.
The Company shared it is experiencing unusually strong early demand for products due to improved seasonal conditions, particularly in APAC and Europe, which will weigh earnings towards first-half.
NUF is the second-biggest percentage gainer in the benchmark stock index AXJO.
As of the last close, NUF is up 19.3% so far this year and was spotted trading 4.294% higher at AUD 5.100 per share at 10:39 AM AEST.
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20th May 11:12 AM AEST
Peppermint (ASX:PIL) strikes payments facilitator deal with GCash, shares rise on ASX
The share price of Peppermint Innovation Limited (ASX:PIL) gained 9.99% to AUD 0.022 per share at 10:30 AM AEST triggered by an announcement made by the Company.
PIL announced any Filipino GCash mobile wallet holder will be able to pay for goods and services from the bizmoto platform using their mobile GCash wallet.
As per the conditions of the agreement, any Filipino with a mobile GCash account can opt to directly pay for goods or services provided by a bizmoto merchant, agent or rider using funds from their GCash mobile wallet.
Additionally, when offering a good or service, a bizmoto merchant, agent or bizmoGo rider can accept payment direct from a mobile GCash wallet.
The agreement is for an initial one-year term and renews automatically unless either party gives 60 days’ notice not to renew.
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20th May 10:24 AM AEST
Ampol (ASX:ALD) launches Future Energy and Decarbonisation Starategy, shares watchful
Ampol Limited (ASX:ALD) announced its Future Energy and Decarbonisation Strategy, highlighting a series of new commitments and initiatives.
This includes:
- By 2025, Company operations to use 40% equivalent net renewables, along with a 25% reduction in operational emissions on an absolute basis from 2021 levels for Convenience Retail, and a 5% reduction in operational emissions intensity from 2021 levels for Fuels and Infrastructure;
- By 2030, operations to use 50% equivalent net renewables, with a 50% reduction in operational emissions on an absolute basis from 2021 levels for Convenience Retail, and a 10% reduction in operational emissions intensity from 2021 levels for Fuels and Infrastructure;
- By 2040, net zero emissions from operations on an absolute basis;
- A minimum $100 million spend on Future Energy projects to 2025;
- The development of future energy solutions for customers, with a focus on electricity, hydrogen, gas, biofuels and carbon mitigation; and
- Three new industry collaborations, including with Tesla.
The stock traded last at AUD 27.830 per share.
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20th May 10:23 AM AEST
Recce’s (ASX:RCE) R327 moves to Stage 2 of anti-COVID screening programme
Recce Pharmaceuticals Ltd (ASX:RCE), the Company which has been developing New Classes of Synthetic Anti-Infectives, announced further results for the Company’s synthetic anti-infective R327, as part of the Programme.
The fee-for-service Programme is a partnership between CSIRO and the Doherty Institute.
The further Stage 1B testing which was highlighted as necessary by the Company has now been conducted by the Doherty Institute as part of the Programme budget.
The results confirmed and extended the findings from the previous report and allowed the half maximal inhibitory concentration (IC50) of 2,046ppm and cytotoxicity (CC50) of 5,108ppm of R327 to be determined.
The stock RCE was quoted at AUD 1.130 per share at 10:15 AM AEST.
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20th May 10:23 AM AEST
Buru Energy (ASX:BRU) extends SPP and remains on track for 2021 exploration drilling program
Buru Energy Limited (ASX:BRU) has extended the closing date of the Share Purchase Plan (SPP) to 4 June 2021 with a view to allow additional time for all eligible shareholders to participate in the Offer.
Moreover, the Company remains on track to begin 2021 exploration drilling program in mid-June as the first rig loads due to be picked up in the coming week and site works near completion at the Currajong 1 location.
The Company anticipates the spud of the Currajong 1 well in mid-June and the Rafael 1 well shall spud in late July or early August 2021.
The BRU stock traded at AUD0.150 at 10:12 AM AEST.
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20th May 10:14 AM AEST
Aspermont Limited (ASX:ASP) reports growth in key financial metrics for 1HFY21
Leading media services provider Aspermont Limited (ASX:ASP) clocked a revenue from continuing operations of around AUD7.3 million for 1H 31 March 2021. This shows a decline of 10% on pcp while the gross profit increased by 6% to AUD4,592,000.
Ove the period, ASP’s balance sheet has strengthened and has zero debt with a growth of 1943% in cash at the end of period.
The Company looks forward to substantial improvement in all bottom-line financial metrics as well as shift from conservative to proactive investment approach.
The ASP stock opened at AUD0.020 on 20 May 2021.
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20th May 10:09 AM AEST
Peppermint (ASX:PIL) inks a deal to enable payment through mobile GCash wallet
Peppermint Innovation Limited (ASX:PIL) has inked a payments facilitator agreement with operator of GCash - G-Exchange Inc.
PIL communicated that any Filipino GCash mobile wallet holder shall have the capacity to pay for goods and services from the bizmoto platform using their mobile GCash wallet.
Moreover, a bizmoto merchant, agent or bizmoGo rider can accept payment direct from a mobile GCash wallet while offering a good or service.
The PIL stock previously traded at AUD0.020.
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20th May 09:44 AM AEST
New World Resources (ASX:NWC) reports new high-grade assays at the Antler Copper Project
New World Resources Limited (ASX:NWC) has reported substantial new high-grade assay results from eight lately concluded drill holes at the Antler Copper Project in Arizona.
The results indicate additional favourable assays from several holes in the recently discovered “South Shoot”. This remains completely open at depth and the results indicate thick, high-grade intercepts in the “Main Shoot”.
Assays are pending for 13 other drill holes that were completed.
The NWC stock last traded at AUD0.100 on 20 May 2021.
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20th May 09:18 AM AEST
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20th May 09:04 AM AEST
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20th May 08:30 AM AEST