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Closing Bell: ASX shrugs off some sharp falls in uranium stocks to close in the green

Stockhead logo Stockhead 27/09/2021 Nick Sundich
Closing Bell: ASX shrugs off some sharp falls in uranium stocks to close in the green © Stockhead Australia Closing Bell: ASX shrugs off some sharp falls in uranium stocks to close in the green

The ASX had a positive start to the week, even with a dip in red-hot uranium shares.

The ASX 200 finished 0.57% higher at 7,384 points while the ASX Emerging Companies Index finished 0.13% up at 2,555 points.

Energy and financials were the best sectors, gaining 1.81% and 1.52% respectively, with energy being boosted by the rise in oil prices over the weekend.

Sectors in the red included health and tech which retreated 1.03% and 0.70%.

 

TODAY’S BIGGEST WINNERS

Scroll or swipe to reveal table. Click headings to sort. Stocks highlighted in yellow rose after making announcements during the trading day.

Code Company Price % Volume
NTL New Talisman Gold 0.002 100 7291590
CCE Carnegie Cln Energy 0.003 50 5720830
RRR Revolverresources 0.46 48 11039115
OAK Oakridge 0.002 33 1109967
TMK Tamaska Oil Gas Ltd 0.012 33 15494418
BAS Bass Oil Ltd 0.0025 25 30342605
PPY Papyrus Australia 0.047 21 5250670
AO1 Assetowl Limited 0.006 20 155000
RBR RBR Group Ltd 0.006 20 1030125
RBX Resource B 0.245 20 12725693
BMR Ballymore Resources 0.26 18 153330
ARU Arafura Resource Ltd 0.23 18 41128637
IMC Immuron Limited 0.165 18 1359434
PTR Petratherm Ltd 0.06 18 130000
PEB Pacific Edge 1.54 18 191568
SCI Silver City Minerals 0.048 17 3820813
ARR American Rare Earths 0.21 17 6693915
DDD 3D Resources Limited 0.0035 17 2282447
GGX Gas2Grid Limited 0.0035 17 2054000
TBA Tombola Gold Ltd 0.044 16 4364033
AJL AJ Lucas Group 0.037 16 1537064
OZM Ozaurum Resources 0.15 15 444927
LEL Lithenergy 0.685 15 4341302

Debuting today was cancer diagnostics company Pacific Edge (ASX:PEB), gaining 18%.

Resource Base (ASX:RBX) announced it was acquiring applications prospective for rare earths across the Murray Basin.

Lithium Energy (ASX:LEL) rose after telling shareholders its Burke Graphite Deposit is one of the highest-grade graphite deposits globally and that after test work it would re-engage with Chinese and Japanese parties who have previously expressed a strong interest in the graphite from the Burke Project.

Bass Oil (ASX:BAS) rose after an update to shareholders on its ambitions to pursue Carbon Capture, Use and Storage (CCUS) at its Cooper Basin portfolio.

Fellow penny stock New Talisman Gold (ASX:NTL) also rose announcing it was buying the Broken Hills Gold Mine – the one in New Zealand not far west New South Wales.

 

TODAY’S BIGGEST LOSERS

Scroll or swipe to reveal table. Click headings to sort. Stocks highlighted in yellow fell after making announcements during the trading day.

Code Company Price % Volume
AJY Asaplus Resources 0.04 -33 20000
ACB A-Cap Energy Ltd 0.081 -30 3296355
BDC Bardoc Gold Ltd 0.045 -21 48694383
OKJ Oakajee Corp Ltd 0.057 -21 46375
EN1 Engage:Bdr Limited 0.004 -20 2495511
LNY Laneway Res Ltd 0.004 -20 220000
OVT Ovato Limited 0.002 -20 500000
AEE Aura Energy 0.205 -20 4881232
MRL Mayur Resources Ltd 0.205 -20 42000
AJQ Armour Energy Ltd 0.027 -18 5679519
WFL Wellfully Limited 0.145 -17 2221363
PNN PepinNini Minerals 0.465 -15 2497897
TOE Toro Energy Limited 0.028 -15 72215154
POD Podium Minerals 0.375 -15 1899012
SCN Scorpion Minerals 0.052 -15 362750
NAE New Age Exploration 0.012 -14 7703834
ZMM Zimi Ltd 0.012 -14 2929448
GRV Greenvale Mining Ltd 0.38 -14 1101217
EL8 Elevate Uranium Ltd 0.55 -13 1914912
AUH Austchina Holdings 0.007 -13 4449464
EVE EVE Investments Ltd 0.0035 -13 3082615
RLC Reedy Lagoon Corp. 0.028 -13 13907162
ADR Adherium Ltd 0.015 -12 16244328

Video: What to expect when NSW eases restrictions (ABC NEWS)

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Bardoc Gold (ASX:BDC) fell after deferring the Final Investment Decision on its Bardoc Gold project and announcing a strategic review.

Employee well-being software provider Limeade (ASX:LME) fell after losing a contract from top-10 customer American Airlines.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Synlait Milk (ASX:SM1) was the latest dairy company to reveal how tough FY1 had been, unveiling a $28.5 million loss. However the company said it expected a return to profitability in FY22 based on a return to normal trading conditions, improved infant base powder volumes and cost savings.

Qantas (ASX:QAN) announced that when international flying resumes it will re-divert its Perth-London flights – which prior to COVID-19 were the group’s most profitable – to either Darwin or Singapore due to border policies in WA. It also announced it was bringing forward the reopening data for travel between Sydney and Melbourne from 1 December to 5 November as well as intrastate travel in NSW to start from October 25.

Modular manufacturing business Fleetwood (ASX:FWD) secured a contract to help build a new 1,000 bed quarantine facility in Melbourne. The deal is expected to reap $32 million in revenue during FY22.

Commercial drone company Mobilicom (ASX:MOB) secured a $400,000 contract from Israel Aerospace Industries. Mobilicom will supply its datalink units and touch mobile ground space controller to help IAI control its new aerial vehicle tactical drone control system.

Factor Therapeutics (ASX:FTT) is set to re-enter the bourse with shareholders having signed off on the acquisition of PowerLime. The company will change its name to Dominion Minerals and will raise $4 million to seal the deal.

ADX Energy (ASX:ADX) executed hedging transactions with BP for fixed price swaps at a price of US$71.85 per barrel. The company also said increasing net revenues put it into a strong position to fund production enhancing well work at its Austrian fields.

 

TRADING HALTS

Tuesday

92 Energy (ASX:92E) – capital raising

Eagle Mountain Mining (ASX:EM2) – capital raising

Invex Therapeutics (ASX:IXC) – manufacturing and supply agreement

Cannindah Resources (ASX:CAE) – drilling results

Tesserent (ASX:TNT) – capital raising

Great Boulder Resources (ASX:GBR) – price query

Wednesday

Red Dirt Metals (ASX:RDT) – results of exploration data review

Wildcat Resources (ASX:WC8) – transaction

Hannans (ASX:HNR) – license due diligence

Metal Hawk (ASX:MHK) – exploration results

Castillo Copper (ASX:CCZ) – project acquisitions

Nova Minerals (ASX:NVA) – capital raising

Castle Minerals (ASX:CDT) – capital raising

Stemcell (ASX:SCU) – joint venture

Ultima United (ASX:UUL) – Hokkaido Development update

The post Closing Bell: ASX shrugs off some sharp falls in uranium stocks to close in the green appeared first on Stockhead.

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