Market Update: Performance of Markets on 24th June 2020

  • Jun 24, 2020 AEST
  • Team Kalkine
Market Update: Performance of Markets on 24th June 2020

On 24th June 2020, equity market of Australia settled in green, and S&P/ASX200 stood at 5965.7 with a rise of 11.3 points or 0.19%. Most of the sectors of ASX closed in green such as S&P/ASX 200 Materials (Sector), which went up by 129.7 points to 13,426.4. S&P/ASX 200 Health Care (Sector) moved up by 1.35% to 42,626.7. All Ordinaries experienced a rise of 12.3 points to 6081.6 at the close of the same session.

On ASX, the share price of Perseus Mining Limited (ASX: PRU) rose by 7.113% to $1.280 per share. The stock of Evolution Mining Limited (ASX: EVN) inched up by 6.654% to $5.610 per share.

The following image gives a broad idea as to how the share price of PRU has trended in the span of past 3 months:

Stock Performance (Source: ASX)

Coming to New Zealand Market, S&P/NZX50 ended the session at 11,259, reflecting an increase 1.14%. The stock of New Talisman Gold Mines Limited (NZX: NTL) soared by 14.29% to NZ$0.008 per share. On the other hand, the stock of Metro Performance Glass Limited (NZX: MPG) plunged by 5.50% to NZ$0.189 per share.

Recently, we have covered some crucial information on NOVONIX Limited (ASX: NVX), and the readers can view the article by clicking here.

Perseus Mining Limited Closed the Session in Green on 24th June 2020

Perseus Mining Limited (ASX: PRU) has recently released its 2019 sustainability report, wherein, the company’s Managing Director and CEO stated that long-term success demands integration of sustainability into all the aspects of business. The company would achieve its mission via pursuing the sustainability objectives of the strong economic performance, developing people, enhancing local communities as well as reducing the environmental impact. In another update, the company announced the acquisition of Exore Resources Limited by a scheme of arrangement for a consideration of A$59.8 million. PRU would gain the ownership of ~2,000 square kilometres of geologically prospective land in northern Côte d’Ivoire after the acquisition of Exore. At the end of March 2020 quarter, the company reported cash and bullion of A$265.5 million.

Evolution Mining Limited Completed Infill Drill at Mt Carlton.

Evolution Mining Limited (ASX: EVN) recently provided an update on the Mt Carlton operation and stated that FY20 gold production is expected to be approximately 60,000 ounces. Notably, for FY21, the operation is anticipated to produce approximately 50,000 ounces.

EVN has entered into the binding agreement with Aeris Resources Limited for the sale of Cracow gold mine in Queensland for a total consideration of up to A$125 million. In another update, EVN announced that AustralianSuper Pty Ltd has become a substantial holder in the company on 3rd June 2020 with the voting power of 5.02%.


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