The Penny Picks || Penny Space Under The Spotlight; ASX 200 Riding High

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

• To start with, the Cobalt and gold explorer, Accelerate Resources (ASX:AX8) soared on HOA with Stunalara Metals. 

• Accelerate Resources has executed a Heads of Agreement with precious and base metals explorer Stunalara Metals, granting an option to acquire a 100% stake in Company's non-core Mt Read Project in Tasmania. Upon the exercise of the Option, Stunalara would be issuing fully paid ordinary shares worth AU$1 million to Accelerate.   

• Meanwhile, shares of graphite producer Magnis Energy (ASX:MNS) climbed as NY unit produces first lithium-ion battery. 

• Next, Industrial tools distributor Stealth Global Holdings (ASX:SGI) shares hit near four-month peak on Skipper Transport Parts acquisition. 

• Shares of media and advertising firm Adslot (ASX:ADS) hit over one-month high on deal with New York-based media investment company, GroupM. 

• Next major news in penny space is the data security services provider Cipherpoint (ASX:CPT) shares hit 1-month high on upbeat business outlook  .

• Moving on, developer of air, surface, and water treatment solutions, PuriflOH (ASX:PO3) jumped before trading pause owing to its proposal on use of  PuriflOH devices during hotel quarantine. 

• Next, an open data platform focused on small and medium-sized businesses, 9Spokes International (ASX:9SP) shot up on signing a three-year contract with Virgin Money UK PLC.  

• Liontown Resources (ASX:LTR) has been one of the hottest penny stocks, garnering attention for the last few sessions.

• Antisense Therapeutics is developing and commercializing antisense pharmaceuticals for large unmet markets in rare diseases.


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