The Penny Picks || Penny Picks Under The Spotlight; ASX 200 Struggles For Direction

Hi, you are watching ‘The Penny Picks’.  Let us zoom our lens on the market performance today, and how penny space continues to be under the spotlight.

•  Shares of zircon explorer Sheffield Resources jumped as Joint Venture signed binding offtake for zircon concentrate. zircon is a mineral belonging to the group of nesosilicates and is a source of the metal zirconium. Sheffield stated that its 50:50 owned JV company Kimberly Mineral Sands signed amendments to three agreements with zircon concentrate processors based in China.

• Moving on and Happy Valley Nutrition trading as HVM rose on securing a supply contract from US firm. The New Zealand-based milk processor and U.S.-based Burt Lewis Ingredients for HVM to supply batch-formulated nutritional milk powders to BLI. 

• Next, Cogstate - a leading neuroscience company working to optimize brain health  soared on a significant US FDA approval for drugs to treat Alzheimer’s disease. 

• Moving on, Gold miner and explorer Dateline Resources surged on reporting the second phase of ore sorting results for the Gold Links Gold Mine in Colorado.  

• A total of 849kg of mineralised material was collected from Gold Links, of which 49 per cent of the sorted material was reported as waste and contained less than point 7 grams per tonne of gold per mined tonne. 

• Eris Resoruces, another miner on this list, saw their share pricereach a new 52-week high upon releasing an update on its exploration activities at the Constellation deposit.  

• pet services business Mad Paws Holdings  that soared on releasing an upbeat trading update for May 2021.  

•  EZZ Life Science is eying record gains following United Pharma's amended distribution deal. 


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