The S&P/ASX200 is up today, gaining 24.80 points or 0.35% to 7050.60 at 11:32 AM AEST. The top performing stocks in this index are POINTSBET HOLDINGS LIMITED up 6.40% and G8 EDUCATION LIMITED up 5.00%. Over the last five days, the index is virtually unchanged, but is currently 0.65% below its 52week high. Caravel Minerals announced it has received commitments to raise AUD 7.5 million via a share placement to investors at AUD 0.27 per share, with 27,777,778 million new fully-paid ordinary shares to be issued.
A large institutional investor will subscribe for AUD 7.0 million in the Placement. Meanwhile, Caravel Minerals stock was trading 3.334% lower at AUD 0.300 per share at 11:32 AM AEST. The share price of the stock Great Southern Mining Limited was quoted a tad bit higher on Monday as the Company announced that all exploration licences at the company’s 100%-owned 400kmsq East Laverton Nickel Project in Western Australia have now been granted.