Stocks
Australian Tech Index Declines Amid Wall Street Weakness
December 31, 2024 11:26 AM AEDT| By Sonal GoyalHighlights,Third Straight Loss,: The Australian technology sub-index fell as much as,1.2%,, marking its lowest level since December 23 and its third consecutive session of losses.,Wall Street Influence,: The decline mirrors overnight losses on Wall S...
Life360 Set to Close 2024 Nearly 200% Higher, Marking Best Year Yet
December 31, 2024 11:24 AM AEDT| By Team Kalkine MediaHighlights,Record Growth,: Life360 shares are on track to end 2024 nearly,200% higher,, driven by surging demand for its family networking app.,Earnings Momentum,: The company upgraded its earnings estimates in August, triggering significant gains an...
Pilbara Minerals (ASX: PLS) Faces Challenges in 2024 Amid Lithium Price Collapse. What Brokers are Saying for FY25?
December 31, 2024 11:21 AM AEDT| By Team Kalkine MediaHighlights,Share Price Decline,: Pilbara Minerals' stock is set to end 2024 down approximately 45%, driven by plummeting lithium prices.,Lithium Price Trends,: Lithium spodumene 6% prices fell dramatically from an average of US$4,368 per tonne in 202...
Mach7 Technologies (ASX: M7T) Faces Challenges in 2024 And Gets Tough Start to FY25
December 31, 2024 11:16 AM AEDT| By Team Kalkine MediaHighlights,Share Price Plunge,: Mach7 shares dropped over 50% in 2024, reflecting investor concerns about the company’s financial performance.,Strategic Shift,: Transition to a subscription-based model impacted short-term revenues but boosted recurri...
ASX Growth Stocks to Watch: Life360 and Lovisa Named Top Picks by Brokers
December 31, 2024 11:12 AM AEDT| By Sonal GoyalHighlights,Life360,: Goldman Sachs recommends Life360 as a buy, forecasting significant revenue growth driven by subscription momentum and a high-margin advertising stream.,Lovisa Holdings,: Morgans sees Lovisa as a standout in global retail, citing...
Australian Gold Stocks Slide to December Lows Amid Interest Rate Concerns
December 31, 2024 10:49 AM AEDT| By Team Kalkine MediaHighlights,Australian gold stocks drop 1.7%, marking the biggest intraday percentage fall since December 20.,Bullion prices dip as investors await U.S. economic data for insights into the Federal Reserve's interest rate outlook.,Leading gold miners E...
Gold Stocks Dip as Spot Gold Prices Stabilize
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Gold stocks were among the biggest decliners on the ASX.,- Spot gold prices steadied after earlier declines.,- The materials sector saw the steepest drop during morning trade.,Gold miners on the ASX experienced notable declines during mo...
Aurum Expands Boundiali with Mako Deal
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Aurum Resources (AUE) progresses towards acquiring Mako Gold (MKG).,- Maiden Boundiali Gold Project resource of 1.6 million ounces established.,- Ongoing drilling targets resource growth and pre-feasibility study by year-end.,Aurum Resou...
Rio Tinto’s Struggle to Unlock Serbia’s Lithium Potential (ASX: RIO)
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Community Resistance and Political Turmoil,Rio Tinto’s (ASX: RIO) Jadar lithium project faces fierce opposition from local activists, distrustful communities, and political complexities in Serbia, complicating its progress.,Environmental...
WA Government Proposes Key Reforms to Mining Lease Renewal Framework
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,Streamlining Lease Renewals,: The Western Australian Government plans to amend the Mining Act to provide more time for negotiations between mining companies and Indigenous groups, ensuring compliance with Native Title requirements.,Native...
Top ASX Stocks Trading Below Fair Value to Watch in December 2024
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- ASX sees mixed performance with Energy and Healthcare sectors leading gains.,- Three key stocks identified for potential undervaluation based on fair value.,- Companies include (CTT), (FLT), and (SEK) with notable metrics.,As 2024 draws...
High Fuel Price Cycles Prolonged, NRMA Survey Reveals Discrepancies Across Australian Cities
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Significant Price Differences,: Perth emerges as the cheapest city for fuel at 181.4 cents per litre, while Canberra and Brisbane face the highest fuel prices, with averages of 196.3 and 195 cents per litre, respectively.,Extended Petrol...
Lithium Universe Advances Strategic Goals with A$1.96 Million Placement
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Lithium Universe secures A$1.96 million through a two-tranche share placement.,- Funds will support a feasibility study for a lithium refinery in Québec, Canada.,- Aligns with North America's efforts to strengthen the EV battery supply c...
Apollo Minerals Advances Salanie Gold Project with A$1.25 Million Funding Injection
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,Successful Fundraising Effort,: Apollo Minerals Ltd (ASX:AON, OTC:APOMF) secured A$1.25 million through a non-renounceable pro-rata entitlements offer, with plans to allocate funds for corporate operations and exploration activities.,Strat...
WA Lithium Industry Loan Facility: A$50 Million Initiative to Support Operations
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Applications open for interest-free loans up to A$15 million under the A$50 million Lithium Industry Loan Facility in Western Australia.,Targeted at spodumene concentrate producers, the program supports the state’s DiversifyWA and Critica...
Insiders at Industrial Minerals (ASX:IND) Recover Losses Amid Stock Price Rise
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Insiders of Industrial Minerals (IND) recover partial losses from a price gain.,- Recent insider purchases indicate confidence in company shares.,- Insiders hold a significant stake in Industrial Minerals, aligning their interests with s...
Market Turbulence Marks End of 2024
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,Wall Street Weakness,: Major US indices, including the Dow, S&P 500, and Nasdaq, recorded declines, led by Big Tech sell-offs. The Dow fell 418 points, while the Nasdaq slid 1.2%. Boeing shares also dropped following a safety probe linked...
Astral Resources Expands Stake in Maximus Resources with Strategic Deal
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Astral Resources strengthens its stake in Maximus Resources.,- Share sale agreement includes a strategic call-back option for Beacon Minerals.,- Beacon Minerals retains a 7.72% stake in Maximus Resources.,Astral Resources (ASX:AAR) has t...
Atomos Limited's Price Tumble Highlights Revenue Challenges Amid Industry Growth
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- Atomos Limited's (AMS) shares experienced a significant recent decline.,- Revenue trends show a consistent downward trajectory.,- Industry forecasts highlight challenges for Atomos in the near term.,Shares of Atomos Limited (ASX:AMS) hav...
ASX’s Biggest Gainers of 2024: A Year of Remarkable Stock Performances
December 31, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights,- ASX saw remarkable gains with standout performances from various sectors in 2024.,- Companies like (MSB) and (ZIP) marked impressive growth during the year.,- The biotech, financial services, and technology sectors were key drivers of gr...
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