ASX 200 crossed 7 thousand 100 mark for the first time since last year’s March dip. Healthcare, financial, energy and miners majorly are pulling up the ASX chords, overshadowing the tech sector rout. Great Boulder Resources skyrocketed by a massive 80 per cent on Tuesday, and today by another 47 per cent. The stock is turning out to be the investors’ favourite penny stock of the month.
Strickland Metals soared by 40 per cent on acquiring Silver Lake stake in gold project. Silver Lake Resources has accepted the company’s binding offer for the purchase of its 37 per cent interest in the Horse Well Joint Venture for total cash consideration of $1.75 million. White Cliff Minerals made a 35 per cent jump, and breached all the major resistances, reaching the highest level since 28 January 2021.
On Monday, White Cliff had released its quarterly update for the period ending 31 March 2021. BBX Minerals share price has been trending for last two days. It has delivered a total return of over 40 per cent in three trading sessions, including today’s 12.3 per cent gain. The catalyst behind today’s rally is the company’s corporate presentation.