Five most talked-about stocks in today’s session

Summary

  • Ookami has announced that its the capital raising has closed fully subscribed.
  • AnteoTech closed a AU$8 million Share Purchase Plan (SPP) on 18 May 2021.
  • XTEK has signed a Memorandum of Understanding (MoU) with MECANO ID, a French space technology company.

After Wednesday’s sizable fall of over 1.9%, the Australian benchmark index, ASX 200 has reclaimed the 7,000 mark. Majority of the stocks had participated in today’s rally. Today, the ASX 200 closed the session up by 1.27%, at 7019.6.

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The market breadth has also been quite good with 9 out of 11 sectors trading in green. Apart from the index heavyweights that supported the market, there were a few other stocks that were on the investor’s radar in today’s session. Let’s look at a few of these news making stocks.

Read More: Five penny stocks making waves today

  1. Ookami Limited (ASX:OOK)

The company has announced that its the capital raising, comprised of a AU$4,500,000 public offer and a AU$1,277,773 priority offer, has closed fully subscribed. It continues to work through the conditions precedent to settlement of the acquisition of the Boulbi and Messok East Projects and the re-listing of its shares, in consultation with the ASX.

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The OOK share price closed at AU$1.76 on 3 April 2019, just before de-listing.

  1. AnteoTech Limited (ASX:ADO)

AnteoTech has closed a Share Purchase Plan (SPP) on 18 May 2021, with applications for AU$37.1 million received. Given the overwhelming response, the board has decided to Increase the original SPP from AU$4 million to AU$8 million. The funds would be utilised towards establishing local manufacturing capacity through procurement and installation of test strip production line.

The ADO share price has shot up by 7.9% to AU$0.340 with a volume of 4.4 million shares.

Read More: AnteoTech (ASX:ADO) Receives A$1.4 million from the Queensland Government

  1. Force Commodities Limited (ASX:4CE)

Force Commodities was another stock that created a buzz today. It has been the third consecutive day of the stock’s rally.

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Today’s massive price surge of over 41.1% with an exorbitant volume of over 33.9 million shares has hogged the headlines. The ASX has also taken a note of it and sought an explanation from the company for this suspicious price move.

  1. Artemis Resources Limited (ASX:ARV)

On 17 May, ARV shares were suspended from official quotation due to a pending release of an announcement. Today, the company notified about the updated guidance of resources from Carlow Castle Project. As per the update, gold grades and contained ounces have declined; cobalt tonnes have remained static but grades have declined and copper tonnes have risen but grade has fallen. Due to this, the company has taken the decision to defer drilling at the site.

This news has prompted investors to go on a selling spree, ratcheting down the ARV share price by 40.95% to AU$0.06.

  1. XTEK Limited (ASX:XTE)

XTEK has signed a Memorandum of Understanding (MoU) with MECANO ID, a French space technology company. Both the companies through this MoU will be able to seize commercial and/or grant opportunities in the domestic and international space technology markets.

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The XTEK share price closed the session up by 0.91% to AU$0.545.

Read More: XTEK Limited Receives Additional Purchase Order From ADF For SUAS

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