The Penny Picks || Why Is Penny Space Under The Spotlight?

o Australian stocks inched higher on Wednesday, helped by gains in energy, healthcare and banking sectors. While tech stocks and miners dipped lower amid inflation anxiety and lower commodity prices.

• Carbon developer Carbonxt (ASX:CG1) climbed on $1 million U.S. order for activated carbon pellets. 

• The carbon developer has received a $1 million order to supply 500 tonnes of its activated carbon pellets to an existing power station customer in Wisconsin in the United States .

• Regenerative medicine company Orthocell Limited (ASX:OCC) remained under the investors’ radar on securing patents for sutureless repair of soft tissue.

• Victorian-focused gold exploration company, Navarre Minerals (ASX: NML) reported high-grade gold and silver from air-core drilling at St Arnaud.

• Chinese and New Zealand patents have been granted to Orthocell for its novel CelGro® collagen medical device platform for soft tissue regeneration applications.

•  Copper and gold explorer Petratherm (ASX:PTR) hits 2-month peak on project acquisition. 

• Ganfeng will be making cash investments of AU$130 million in exchange for a 50% stake in a joint venture, which will hold Firefinch's interest in Goulamina.

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