ASX Runners of the Week: Icetana, Resolution Minerals and Highfield
After hitting record all-time highs on Wednesday, the market took a breather on Thursday and Friday, pulling back just 0.75 per cent as Israel - and by extension the United States - seemingly declared war on Iran.
The market said 'no problemo' to the news, instead piling into oil as the Brent price surged as much as 18 per cent on Friday morning to US$78.50 (A$121) a barrel.
Try not to worry about World War III. Instead, make sure to fill up at the bowser today, as it won't be pretty come tomorrow morning.
Aside from a surging oil price, military attacks on an OPEC member and nuclear powerhouse result in safe haven spending, of course, with the gold price up more than US$100 to US$3430 an ounce to end the week.
Bulls N' Bears' ASX Runners of the Week list was a mixed bag, with juniors only just holding out major Woodside Energy – which saw its share price go up a staggering 7 per cent on Friday – to surprisingly feature no oil and gas stocks at all. This week's podium went to a junior AI solutions provider that partnered with a global revolutionary robotics developer while simultaneously raising capital for its partner at a premium.
ICETANA LIMITED (ASX: ICE)
Up 169% (1.6c – 4.3c)
This week's Bulls N' Bears ASX Runner of the Week is AI analytics solution provider Icetana Limited, which sent the market into a state on Tuesday after sealing four blockbuster agreements with SoftBank Robotics Group.
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