- Senex Energy shares slipped after the company signed a gas sales pact with Capricorn Copper mine.
- Sigma Healthcare fell over 1% following the update on appointment of CEO & MD.
- Vita Group shares dropped on deal to sell ICT business to Telstra.
- Kairos Minerals surged 7% on positive updates about the Mt York Project.
- Rex Minerals shares rose nearly 4% on nod to trade in the OTCQB Venture Market in the US.
The Australian share market witnessed lackluster trade on Friday as investors digested US Federal Reserve’s policy announcements. The benchmark ASX 200 index declined as much as 0.4% by mid-session as gains in the energy space were offset by losses in health, mining and real estate sectors. Australia-based real estate investment trust Centuria Industrial REIT (ASX:CIP) topped the losers’ chart, while stock transfer company Computershare (ASX:CPU) gained the most by lunchtime. Among individual stocks, Senex Energy, Sigma Healthcare, Vita Group, Kairos Minerals and Rex Minerals were in focus today following their ASX announcements.
Here’s why these five shares grabbed headlines today:
Senex Energy inks gas sales pact with Capricorn Copper mine
Shares of Aussie energy firm Senex Energy (ASX:SXY) gained as much as 0.6% to hit an intraday high of AU$3.56 by lunchtime on Friday. The stock opened lower today after it inked a new gas sales agreement with 29Metals’ Capricorn Copper mine.
The company will supply around 2.5 petajoules of natural gas over three years to the Capricorn Copper mine, owned by Australian resources company 29Metals (ASX: 29M). Under the three-year agreement starting January 2022, Senex will supply natural gas to support mining and processing operations at a fixed price, in line with current market levels.
The company has already signed around 80 petajoules of agreements with domestic customers including Adbri, CleanCo Queensland, CSR Building Products, Opal, Orora and Visy Glass.
Sigma appoints Vikesh Ramsunder as MD & CEO
Shares of Sigma Healthcare (ASX:SIG) dropped 2.4% to touch an intraday low of AU$0.595 following an update about the new CEO.
The company has appointed Vikesh Ramsunder as Managing Director and Chief Executive Officer of the company. Vikesh, who is currently Group CEO of the Clicks Group in South Africa, will join the office in February 2022 following the completion of his notice period.
Meanwhile, Sigma’s current CEO and Managing Director Mark Hooper will step down by the end of January 2022.
Vita Group sells ICT biz to Telstra
Australian retailer Vita Group’s (ASX: VTG) shares dropped 5.45% to AU$0.875 by mid-session on pact to sell Retail Information and Communication Technology (ICT) business.
The company has signed a deal to sell its retail ICT business to Telstra (ASX: TLS), subjected to requisite approval. The proposed transaction includes the sale of all of Vita’s Telstra branded retail stores and Sprout business, for cash consideration of AU$110 million. Vita intends to retain AU$35 million to fund the growth of the Artisan Aesthetic Clinics business.
Kairos Minerals updates on Mt York Project
Kairos Minerals’ (ASX: KAI) shares gained as much as 6.9% to AU$0.031 after it updated about new targets at its 100%-owned Mt York Project in Western Australia.
The company has completed the first-stage geochemistry sampling program at the Mt York Project, and identified several new high-priority targets for drill testing. The company is planning to resume drilling next month to test several of the key targets to provide a clearer insight into the potential for new discoveries that could add significantly to the scale and potential of the Mt York Project.
Rex Minerals qualifies to trade on OTCQB Venture Market in US
Shares of Rex Minerals (ASX: REX) climbed 3.8% to AU$0.27 after minerals exploration company qualified to trade on the OTCQB Venture Market in the United States.
The OTCQB is the mid-tier OTC equity markets, which lists primarily early-stage and developing companies in the US. REX upgraded to OTCQB from the Pink market, which is an important step for companies seeking to provide transparent trading for their US investors. To qualify for OTCQB, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.