Five stocks that made a buzz today

Summary

  • The VTH share price has shot up by 2.38% to AU$1.29, inching towards its 52-week high of AU$1.3.
  • Today, Netlinkz announced that is offering eligible shareholders an opportunity to participate in the company’s 1 for 4.2 entitlement offer.
  • The FCL share price has closed 1.3% down, at AU$3.7, clocking a decent volume of over 684K shares.

After Monday’s spectacular rally of about 1.3%, the ASX 200 today reversed from the 52-week high, erasing most of the gains to trade 1.06% down, at 7,097. Today’s decline could be attributed to the market’s cautious stance ahead of the federal budget coupled with the overnight weak cues from the US markets.

Image Source: Copyright © 2021 Kalkine Media

Despite this roller coaster ride and a major imminent event , a few stocks have gathered more attention that the broader market. Here’s a list of five such stocks.

  1. Vitalharvest Freehold Trust (ASX:VTH)

Today the company’s board has agreed to amend an earlier announced scheme implementation deed in relation to the Seventh Roc Offer for AU$1.27 per unit and the Eighth MAFM Proposal for AU$1.28 per unit. The company has accepted the amended deed and affirmed that it is in the best interests of VTH unitholders.

The VTH share price has shot up by 2.38% to AU$1.29, inching towards its 52-week high of AU$1.3.

Read More: Vitalharvest Provides Update on Bushfires at Tumbarumba

  1. Icon Energy Limited (ASX:ICN)

Icon Energy has been one of the most talked-about share today. The ICN share price had unexpectedly surged by a massive 27.7% to AU$0.23 in today’s session. However, the day’s high was even more astounding at AU$0.031, translating to over 72% gain.

Image Source: ID 92659782 © Vanderspuyr | Megapixl.com

The gigantic volume of over 11 million shares was also surprising. This unusual trading activity has caught the attention of ASX which has also taken a note of this and sent a letter to the company to enquire about the subject matter.

  1. NetLinkz Limited (ASX:NET)

Today, NetLinkz announced that is offering eligible shareholders an opportunity to participate in the company’s 1 for 4.2 pro-rata accelerated entitlement offer to raise up to a maximum of $15.0 million. Shaw and Partners Limited are the underwriters for this entitlement offer.

Image Source: Copyright © 2021 Kalkine Media

However, the entitlement offer failed to impress investors, leading to a fall of 6.45% in the NET share price to AU$0.29.

  1. Terracom Limited (ASX:TER)

Today, Terracom released its Coal sales update for April 2021. The robust sales stands in line with the outlook advised in the 31 March 2021 quarterly report. Domestic tonnes delivered to Eskom during the month of April 2021 stood at 480,000 tonnes, a 12% improvement on tonnes over March 2021 quarter, also beating the monthly average of 429,000 tonnes.

The sales figures have impressed the investors which is evident in its share price. The TER share price has closed at the high od the day, at AU$0.11, up by 13.4%.

Read More: TerraCom (ASX:TER) Crosses 1 Million Mt Coal Sales

  1. FINEOS Corporation Holdings PLC (ASX:FCL)

The FCL share price has closed 1.3% down, at AU$3.7, clocking a decent volume of over 684K shares. Investors sold shares of FCL after the company announced the acquisition of Spraoi, as announced to the market on 5 May 2021, has now completed.

Completion of the acquisition follows the satisfaction or waiver of conditions precedent and other requirements which were earlier necessary for the acquisition.

Read More: FINEOS Signs Tier 1 U.S. Insurer; Further Strengthens its Position in the US Market

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