Stocks

ASX Shares Defy Market Trend: DroneShield, Invictus Energy, and Mesoblast Rise Despite Broad Market Decline

December 31, 2024 12:41 PM AEDT| By Team Kalkine Media

Highlights,S&P/ASX 200 Index down 0.7% in early afternoon trade.,DroneShield shares rise 5.5% following analysts’ buy rating.,Invictus Energy up almost 7% after successful capital raise.,Mesoblast surges 10% on FDA approval of stem cell therapy.,The...

Papyrus Australia Expands Global Presence with New Joint Venture in Vietnam

December 31, 2024 12:38 PM AEDT| By Team Kalkine Media

Highlights,Papyrus secures cornerstone investment from L39 Capital to support its JV agreement with Thanh Dung Co in Vietnam.,The company appoints Jim Huang as Non-Executive Director, strengthening its leadership team.,Papyrus shares rise 40%, closin...

Proteomics International’s OxiDx Test Demonstrates Breakthrough in Muscle Damage Recovery for Marathon Runners

December 31, 2024 12:36 PM AEDT| By Team Kalkine Media

Highlights,OxiDx test shows potential to identify muscle damage and assess recovery in elite marathon runners.,Study highlights the need for personalized recovery monitoring in high-performance sports.,The OxiDx test is set for Australian launch in H...

Live Verdure Acquires Controlling Stake in Decidr.ai for $13.2 Million

December 31, 2024 12:34 PM AEDT| By Team Kalkine Media

Highlights,Live Verdure (LV1) increases its stake in Decidr.ai to 51%, becoming the majority owner.,The acquisition is valued at $13.2 million, facilitated by an interest-free loan.,LV1 aims to accelerate Decidr's AI-driven growth and expand its impa...

Thrive Tribe Technologies Secures $1 Million in Funding through Placement

December 31, 2024 12:29 PM AEDT| By Team Kalkine Media

Highlights,Thrive Tribe raises $1 million via Placement, issuing 625 million new shares.,Funds will be used for working capital to support ongoing operations.,Clee Capital appointed as lead manager, receiving a 6% fee on funds raised.,Thrive Tribe Te...

Invictus Energy Completes Second Tranche of US$10 Million Institutional Placement

December 31, 2024 12:28 PM AEDT| By Team Kalkine Media

Highlights,Invictus Energy completes second tranche of US$10 million institutional placement, raising US$3.5 million.,The company accepts oversubscriptions totaling US$2 million, increasing the total funds raised.,Invictus now offers a secondary list...

Beacon Minerals Signs Share Sale Agreement with Astral Resources, Selling Stake in Maximus Rsources

December 31, 2024 12:26 PM AEDT| By Team Kalkine Media

Highlights,Beacon Minerals to sell 11.99% interest in Maximus Resources to Astral Resources.,The transaction includes the exchange of 51.3 million Maximus shares for 24.5 million Astral shares.,Beacon retains a call-back option to repurchase the shar...

Piche Resources Confirms Gold-Silver Potential at Cerro Chacon Project

December 31, 2024 12:24 PM AEDT| By Team Kalkine Media

Highlights,Six new drill targets identified at La Javiela and Chacon Grid prospects.,Extensive geophysics and geochemical sampling confirm gold-silver mineralisation potential.,The epithermal vein system at Cerro Chacon has a strike length exceeding...

Zip Co Poised for Best Year Ever with 370% Gain in 2024

December 31, 2024 11:29 AM AEDT| By Team Kalkine Media

Highlights,Massive Rally,: Zip Co shares are on track to end 2024 with a staggering,370% gain,, rebounding two years after its weakest performance.,U.S. Market Expansion,: The company’s success is fueled by its growing market share in the U.S. and ro...

Australian Tech Index Declines Amid Wall Street Weakness

December 31, 2024 11:26 AM AEDT| By Sonal Goyal

Highlights,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 Media

Highlights,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 Media

Highlights,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 Media

Highlights,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 Goyal

Highlights,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 Media

Highlights,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...