This is the last show of the day - The Last Trade. Lets get started with today’s market close commentary.
• The share price of drug developer Acrux Limited fell as much as 10.71% to 12.5 Australian cents, after US-based pharma firm Almirall LLC initiated a patent litigation against the company in a US District Court of New Jersey.
• Boart Longyear Limited shares dropped 3.1% to 31 Australian cents after the company received consent for US$65 million additional financing. It has received consents from the holders of 99.75% of the Senior Secured Notes (SSN), due December 2022, for amendment to SSN. The current rate of interest is 10% on SSN. The interest entitlement for those noteholders who agreed will be 14.5% for 30 June 2021.
• Aeris Resources Limited (Aeris) shares surged 20% to 21 Australian cents after the company provided an update on exploration activities at the Constellation deposit. It is located within the company’s 100% owned Tritton tenement package in New South Wales.
• Universal Biosensors, Inc shared it has recently made first sales of its Sentia device and free SO2 test strips to companies operating in France, Italy, Germany, Spain, Portugal and Switzerland. Following the announcement, shares of the company rises 3.8% to 68.5 Australian cents.