The Stocks in Action || Which ASX Stocks Are The Talk Of The Town Today?

• The S&P/ASX200 is up today, gaining 33 point 8 points or point 47 per cent to 7,251 point 6 and setting a new 100-day high. The top-performing stocks in this index are WORLEY, up 7.77 per cent and IOOF HOLDINGS, up 6.39 per cent.

• Australia’s trade balance and retail sales have both risen during April. Retail sales rose 1.1 per cent in April, directly in line with economist forecasts. Retail sales were expected to be unchanged from the preliminary figure of 1.1 per cent.

• The Biden administration has warned a group of six countries, including the UK, Italy, and India, which plan to levy digital-services taxes on American tech companies, such as Facebook and Google.

• The US Treasury Department also on Wednesday renewed calls for a global consensus on a minimum corporate tax regime for companies that profit from foreign operations.

• Australia's energy stocks AXEJ gained as much as 2.9 per cent to hit a seven-week high on Thursday.  

• Fuel refiner Ampol Limited climbed 3.4 per cent, and peer Viva Energy Group gained 2 per cent 

• Index majors Oil Search Limited and Woodside Petroleum both gained around 2.7 per cent.  

• Tea-lix Pharmaceuticals announced that it has entered into a co-promotion agreement in the United States with Berlin-based Eckert & Ziegler Strahlen und Medizintechnik for the combination of EZAG’s GalliaPharm® gallium-68 generator and Telix’s investigational prostate cancer imaging product Illuccix®. 

• Shares of Hawkstone Mining soared as much as 32.1 per cent to australian point 037 dollars, their biggest intraday percentage gain since March 24 2021.  

• The Lithium and gold explorer informed investors that the Company will spin-out its gold and gold-copper projects in the US to form a separate listed company, Diablo Resources Limited. 

• Hawkstone also stated that it will now be a dedicated lithium company with its focus on the Big Sandy Lithium Project in Arizona. 

• As part of the spin-out, Hawkstone will receive 40 million vendor shares. 

• The Company also provided a major announcement that it would change it’s name to Arizona Lithium Limited.  

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