Live ASX News Today
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27th May 06:31 PM AEST
Next Science (ASX:NXS) gains on regulatory nod for wound gel
Medtech firm Next Science Limited (ASX:NXS) gained as much as 6.6% to AUD 1.93 on Thursday.
The Company stated its antimicrobial wound gel, BlastX, was cleared by Australia's Therapeutic Goods Administration for sale in the country.
NXS informed first sales of BlastX in Australia are expected to commence in June 2021 directly from Next Science.
NXS is up 44.8% this year, as of the last close and ended today’s session at AUD 1.870 per share, up 3.314%.
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27th May 06:18 PM AEST
Strike Energy (ASX:STX) gains as Haber urea offtake process beats estimates
Oil and gas producer Strike Energy Limited (ASX:STX) increased to 4.8% to $ 0.330 on Thursday.
The Company informed it closed the first round of its urea offtake process from Project Haber in Western Australia with demand totalled more than 267% of the plant's 1.4 million tonnes per annum planned capacity.
As per STX announcement, it executed a cooperation agreement with the Mid West Ports Authority to progress its access to the Geraldton Port and associated facilities.
Strike stated it has also entered MOU with Australian Gas Infrastructure Group to source 8 gigaliter p/a of water supply from their proposed Mid-West desalination plant.
STX is up 10.5% this year, as of the last close.
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27th May 03:30 PM AEST
USCOM (ASX:UCM) gains on TGA clearance for products
The share price of USCOM Limited (ASX:UCM) surged as much as 9.7% to AUD 0.170, their highest since 19 April 2021.
The medical device maker shared that Therapeutic Goods Administration (TGA) has issued Free Sales Certificates for two new haemodynamic monitoring devices - USCOM O2 and USCOM Basic monitors.
Haemodynamic monitors measure cardiovascular function - USCOM O2 measures 36 parameters, including systemic oxygen delivery, which is a key indicator for circulatory effectiveness.
The stock has posted its biggest intraday percentage gain since 21 May 2021.
The stock is down 3.1% this year as of the last close but traded 3.225% higher at AUD 0.160 per share at 3:20 PM AEST on Thursday.
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27th May 02:17 PM AEST
Carpentaria Resources (ASX:CAP) gains on offtake talks for Hawsons project
Iron ore explorer Carpentaria Resources Ltd (ASX:CAP) jumped as much as 28% to AUD 0.160 per share on Thursday.
The Company stated it got significant interest from third parties for product offtake from its nearly 94%-owned Hawsons Iron Project near Broken Hill, New South Wales.
CAP mentioned it has started the process to select preferred offtake partners, and has resumed talks with Japan's Mitsui & Co Ltd 8031.T and other parties who have shown strong interest in project development.
The stock has risen nearly threefold this year, as of the last close.
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27th May 02:11 PM AEST
Whitehaven Coal (ASX:WHC) gains on update over Vickery Project
The shares of Whitehaven Coal Ltd (ASX:WHC) gained as much as 3.7% to AUD 1.555, hitting its highest since 16 April 2021.
The Company stated it would work to get an environmental protection approval for its Vickery extension project following a federal court's dismissal of a class-action lawsuit against the miner.
A class-action lawsuit was first filed in March by a group of teenagers who argued that the expansion of the Vickery project in New South Wales would contribute to climate change and endanger their future.
Though the stock is down 8.8% this year, as of the last close, it was trading 1.166% higher at AUD 1.517 per share at 1:50 PM AEST.
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27th May 02:01 PM AEST
Sayona Mining (ASX:SYA) to submit North American Lithium bid for court approval, shares spurt up
Sayona Mining Limited (ASX:SYA) gained as much as 62.5% to AUD 0.052 per share on Thursday.
The Company stated it is advancing its Quebec expansion strategy as court-appointed monitor confirms it will support motion filing to bid for North American Lithium Inc.
SYA is jointly bidding for NAL with Piedmont Lithium (ASX:PLL) on a 72:25 basis.
In February last year, SYA lodged its bid for NAL with the court appointed monitor as it planned to integrate NAL with its emerging Authier project in Canada.
The stock has posted its biggest intraday percentage gain since 13 January.
SYA has risen nearly four-fold this year, as of the last close and was trading 37.499% higher at AUD 0.044 per share at 1:50 PM AEST.
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27th May 01:50 PM AEST
Champion Iron (ASX:CIA) shares climb on strong Q4 results
The shares of iron ore miner Champion Iron Limited (ASX:CIA) jumped as much as 7.5% to AUD 7.060 on Thursday.
The Company, which has flagship projects in Quebec, Canada, stated that its Q4 revenue more than doubled from a year ago to CD 396.7 million.
The Company posted a Q4 net income of CD 155.9 million vs CD 18.4 million a year earlier.
CIA mentioned it expects its iron ore concentrate pricing to continue tracking the P65 index, a benchmark assessment of the spot price of iron ore, in the long term.
CIA is up 38.3% this year, as of the last close and was spotted trading 4.261% up at AUD 6.850 per share at 1:30 PM AEST.
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27th May 01:50 PM AEST
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27th May 01:33 PM AEST
Why are EcoGraf (ASX:EGR) shares trading a tad bit higher today?
The share price of EcoGraf Limited (ASX:EGR) was quoted 0.793% higher at AUD 0.635 as the Company reported that its pre-construction locked-cycle testing has been completed.
This testing validates the EcoGraf™ HFfree purification process, exceeding carbon purity targets.
As per the ASX release, the pilot testing was commissioned by GR Engineering Services Limited, and a total of six cycles were completed.
The ASX statement read that excellent results were obtained from filtrate recycling, supporting reduced feed water requirements while maintaining impurity levels below customers specifications.
The announcement stated that removing impurities was better than anticipated with a 99.97% carbon product outcome, and the shape and physical properties were maintained during the testing.
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27th May 01:25 PM AEST
Australian gold stocks fall as bullion prices weaken
Australia's gold index AXGD shed 1.2%, on track for its worst day since 19 May 2021.
Gold prices eased on Thursday, snapping out of a 4-1/2 month high due to an uptick in the U.S. dollar and bond yields, while investors awaited key inflation data from the U.S.
Index heavyweight Newcrest Mining Limited (ASX:NCM) fell 1.7%, while Northern Star Resources Limited (ASX:NST) dropped as much as 2.4%, on track for its worst day since 19 May.
The subindex is up ~3.9% this year, as of the last close.
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27th May 12:00 PM AEST
Commonwealth Bank (ASX:CBA) reimagines banking for digital economy, invests in Little Birdie & Amber
Commonwealth Bank of Australia (ASX:CBA), on 27 May 2021, shared an update on its strategy and investments to reimagine products and services.
As per the ASX announcement, CBA will be incorporating new services into its platform and announced strategic partnerships with Little Birdie and Amber. It also launched a pilot under the new Consumer Data Right (CDR), and became the first major Australian bank to allow customers to view account balances from other eligible financial institutions directly in the CommBank app.
The partnerships announced today include:
- Minority investments of AUD 50 million.
- 23% shareholding in Little Birdie, an online shopping start-up and:
- 25% shareholding in Amber.
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27th May 11:37 AM AEST
Wide Open Agriculture (ASX:WOA) enters consumer development for Billion dollar plant-based markets
Wide Open Agriculture Ltd (ASX:WOA) announced on Thursday that after a three-month intensive research program led by Curtin University and food scientist and co-inventor of the lupin technology, Dr Stuart Johnson, a number of early-stage food and drink prototypes have successfully been developed using WOA’s Modified Lupin Protein (MLP) concentrate.
As per the Company’s release, this is the most significant milestone in the Company’s lupin project to date and is a major step towards confirming the commercial viability of using MLP across multiple plant-based food and beverage sectors.
Meanwhile, the stock WOA was trading 9.589% higher at AUD 0.800 per share at 11:00 AM AEST.
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27th May 11:31 AM AEST
Court asks oil giant Shell to cut emissions by 45% till 2030
Source: Copyright © 2021 Kalkine Media
On Wednesday, a Dutch court ordered the oil and gas behemoth, Royal Dutch Shell, to cut its carbon emission by 45% by 2030 than 2019 levels.
- The decision came as a result of a landmark case that a group of climate activism groups filed.
- The significant decision came in favour of the planet, and it has set an example for the likewise cases against pollution across the globe.
- In return for the court's decision, the oil giant said it expects to appeal to its decision. The company also countered the court decision by saying that it has already invested much in green technologies.
- However, the court said that the company is not currently in breach of its obligations to limit emissions, as argued by the environmental groups as the company is tightening its emission policy.
- The court also stated that the company's policy is not concrete enough to achieve the emission levels.
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27th May 11:27 AM AEST
Engage (ASX:EN1) partners with French ad server Smart, shares surge
ENGAGE: BDR LIMITED (ASX:EN1) signed a new partnership with Smart, a French premium ad serving platform. The announcement took the share price up at AUD 0.005, gaining 11.111% at 11:15 AM AEST.
Smart works with 30K+ premium publishers and has buyers in the EU, US, LATAM & APAC.
The integration is to start next week and is expected to be live before the end of June. Further details are expected in the next quarterly update by EN1.
The current target for May 2021 revenue of EN1 is at AUD 1.8 million. It is on track and will be the largest since Q4 2019. May is the 2nd month with pre-covid level performance.
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27th May 11:18 AM AEST
Advanced Human Imaging’s (ASX:AHI) DermaScan AI receives medical device approval in EU
Image Source: © Sudok1 | Megapixl.com
Advanced Human Imaging Ltd.’s (ASX:AHI) DermaScan AI has got European medical device approval, European Conformity for 27 countries in the EU. It will be now sold as a medical device in Europe. DermaScan can identify 588 skin conditions in 133 categories via Mobile Device images.
AHI will release DermaScan AI into Its CompleteScan in Q3. CompleteScan/DermaScan shall be sold in 200 countries around the world in partnership with Triage. Triage has already signed a distribution agreement with SkinHealth Canada to supply DermaScan AI to over 2,000 healthcare professionals in Canada.
AHI shares traded at AUD 1.535 per share, up 3.020% at 11:15 AM AEST.
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27th May 11:13 AM AEST
Core Lithium (ASX:CXO) grabs Darwin Port Operating Agreement
Core Lithium Ltd (ASX: CXO) announced execution of a port operating agreement (POA) with the Darwin Port Operations Pty Ltd (DPO)
Key Highlights-
- POA is for five years.
- It will allow access and use of the DPO facilities to export Core's lithium products.
- DPO Facilities include truck dump, ship loader, conveyor and unloading of equipment.
- POA intends exporting lithium concentrate, DSO and cements- part of Core’s low-cost mine to port logistics chain.
As per Core MD, Stephen Biggins, access to key infrastructure shall enable Core to build one of the most capital efficient and cost competitive hard-rock lithium projects worldwide.
Core is now preparing for FID in coming months to target first exports of lithium in 2022.
CXO shares traded at AUD 0.235 on ASX, down 2.084% at 11:00 AM AEST.
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27th May 11:06 AM AEST
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27th May 10:59 AM AEST
LayBuy’s (ASX:LBY) annual Group Income 138% up, shares gain on ASX
Laybuy Group Holdings (ASX:LBY) announced its full-year FY21 results today on ASX. The leading BNPL provider delivered record results for the full year ended 31 March 2021.
Image Source: © Ghphotouk | Megapixl.com
Key Highlights-
- Gross Merchandise Value up 159% Y-o-Y, at NZD 589 million
- Group Income up 138% Y-o-Y, at NZD 32.6 million
- Increase in active customers and merchants of 87% & 75% Y-o-Y, respectively.
- Strong repeat customer growth
- FY22 GMV expected at NZD 1 billion, income to increase 90-100%
- Rapid Growth numbers from the UK market
LBY had also announced several new partnerships during FY21, with Rakuten, AWIN, Sovrn, Amazon, Nike and others.
After the announcement, the Company stock LBY was spotted trading at AUD 0.570 per share, up 2.702% at 10:50 AM AEST.
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27th May 10:57 AM AEST
REA Group (ASX:REA) gets FIRB approval for acquiring Mortgage Choice (ASX:MOC)
REA Group Limited (ASX:REA) has confirmed with Mortgage Choice Limited (ASX:MOC) that it has got a written approval from the Foreign Investment Review Board (FIRB) that the Commonwealth has no objections to the proposed acquisition of Mortgage Choice by REA Financial Services Holding Co. Pty Ltd, a wholly-owned subsidiary of REA.
On the ASX, REA traded at AUD 165.090 per share, while MOC traded at AUD 1.940 per share at 10:40 AM AEST.
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27th May 10:46 AM AEST
Crude oil edges higher on global demand recovery
Crude oil prices inched higher on Wednesday on expectations of demand recovery ahead of peak summer driving season on tumbling US crude stockpiles.
- August delivery Brent crude oil futures traded nearly flat at US$68.66 per barrel, whereas July delivery WTI crude oil futures traded 0.15% down at US$66.12 per barrel as of 27 May 2021 at 10:11 AM AEST.
- The demand for gasoline product supplies rose to 9.5Mbpd, an indication of improved economic recovery. The demand for distillates also rose.
- On the supply side, OPEC+ is also ready to bring back an additional 2.1Mbpd of oil production through July, squeezing its production cut to 5.8Mbpd.
- The development in US-Iran nuclear deal is under discussion for revival, which could allow Iran to flow an additional 1Mbpd to 2Mbpd into the market, waiving US sanctions on Iran.
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27th May 10:35 AM AEST
Apiam Health (ASX:AHX) doubles Queensland presence with three acquisitions
Apiam Animal Health Limited (ASX:AHX) announced it has made strategic acquisition of three Queensland-based veterinary businesses for a total combined consideration of AUD 6.7 million.
The Acquisitions feature Samford Valley Veterinary Hospital, Clermont Veterinary Surgery and Knox Veterinary Clinic in Dalby.
The Acquisitions will double the number of Apiam veterinary clinics in Queensland from four to eight as well as add 31 veterinarians to its operations.
The stock was spotted trading 1.724% higher at AUD 0.885 per share at 10:30 AM AEST.
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27th May 10:23 AM AEST
Toshiba Tec to distribute Vection Technologies’ (ASX:VR1) XR software portfolio
Real-time software firm Vection Technologies Ltd (ASX:VR1) announced that Toshiba Tec Italia SpA has started the commercial distribution of the Company’s Mixed Reality (XR) software portfolio.
Key Highlights:
- Toshiba Tec to distribute Vection’s XR technology portfolio via JMC Group
- Strong advancement of Company’s partnership with JMC Group within the EMEA region
- Enlarged commercial footprint via Toshiba Tec’s capillary dealer network
- Agreement to target key verticals including Healthcare and Real Estate
The last traded price of the stock was AUD 0.066 per share.
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27th May 10:11 AM AEST
Redflex (ASX:RDF) awarded contract with Transport for NSW
Redfles Holdings Limited (ASX:RDF) announced that the Company’s subsidiary, Redflex Traffic Systems Pty Ltd, has struck a new three-year contract with Transport for NSW (TfNSW) for the operation of mobile roadside speed camera enforcement in various regions of New South Wales, Australia.
The new contract will start on 1 July 2021 and with Redflex continuing to provide mobile roadside speed camera enforcement services to the New South Wales State Government.
Redflex expects that the contract will be worth around AUD 68 million over the initial three-year term.
The last traded price of the stock was AUD 0.947 per share.
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27th May 10:01 AM AEST
Live Verdure (ASX:LV1) now to sell ‘13 seeds’ on Amazon
Live Verdure Ltd (ASX:LV1) has shared that “13 Seeds” range of hemp-based gel capsules have been approved by Amazon to be sold via their US-facing marketplace, with sales having recently started.
As per the Company release, this is a crucial chance for LV1 as Amazon US is not only a retailer but one of the world’s leading product discovery platforms.
LV1 is now able to sell and distribute products to its millions of customers at a low cost by using Amazon's Fulfillment by Amazon (FBA) service. A complimentary service offered to approved sellers where Amazon handles the physical packing and shipping of products from one of their warehouses to customers.
The last traded price of the stock was AUD 0.215 per share.
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27th May 09:38 AM AEST
Citi upgrades FY22 earnings view on strong thermal coal prices
Financial research firm Citi has raised expectations for New Hope Corporation Limited’s (ASX:NHC) 2022 earnings after the company reported Q3 production volumes in line with expectations.
The brokerage has raised the target price to AUD 1.75 from AUD 1.55 and upgraded rating to ‘buy’ from ‘neutral’.
Citi sees NHC's FY21 core earnings up 29% and FY22 core earnings up 32% with FY21/22 earnings per share up ~80% off a low base.
NHC informed that in thermal coal markets, Company’s quarterly coal price has risen by 78% (monthly average) since September 2020.
The stock is down 6% so far this year, as of the last close and was spotted trading last at AUD 1.330 per share.
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27th May 08:35 AM AEST