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Herald Sun
20-05-2025
- Business
- Herald Sun
Closing Bell: Tech and bank stocks flex as RBA cuts rates as expected
The RBA has cut rates as expected, delighting investors who piled into growth stocks in the Info Tech and Finance sectors. Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. ASX gains 0.62pc in trading today RBA cut rates as expected, lopping 25 basis points off the cash rate Rate-sensitive tech and banking stocks make strong gains With inflation falling firmly in the RBA's 2-3% target range, another rate cut was all but inevitable, and the Central Bank has delivered. That said, the RBA is still trying to keep future interest rate cut expectations in check, citing uncertainty from both the current tariff environment and the local jobs market. 'While recent announcements on tariffs have resulted in a rebound in financial market prices, there is still considerable uncertainty about the final scope of the tariffs and policy responses in other countries,' the RBA's note read. "Geopolitical uncertainties also remain pronounced. These developments are expected to have an adverse effect on global economic activity, particularly if households and firms delay expenditure pending greater clarity on the outlook. "This has also contributed to a weaker outlook for growth, employment and inflation in Australia." The big banks have promptly begun to pass on the cut in their variable rate products – NAB (ASX:NAB), ANZ (ASX:ANZ) and Commonwealth Bank (ASX:CBA) have already pulled the trigger. Tech and finance stocks soar Back in the market, rate-sensitive stocks in tech and finance took full advantage of the injection of liquidity, flexing their growth credentials and lifting the bourse higher after the cut was announced at 2:30pm AEST. While Info Tech and Financials are carrying much of the bourse's momentum today, they're not the only sectors in the green. Telecoms and Real Estate, both traditionally debt financing-heavy sectors, are also making gains. On the other side of the table, defensive stocks like those in the Utilities sector are suffering, as investors rotate into securities with more growth potential. Over on the index table, the All Tech and ASX 200 Banks are dominating, but the bottom of the table is also telling a story – gold is trending down as market sentiment improves, slipping 0.42% in trade today to settle near US$3216.13/oz. That's had a knock-on effect for the Materials sector and Resources index, which are fairly gold-heavy at the moment. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap ZNO Zoono Group Ltd 0.064 64% 9063244 $13,861,919 EEL Enrg Elements Ltd 0.0015 50% 500001 $3,253,779 MEL Metgasco Ltd 0.003 50% 570268 $2,915,173 WEL Winchester Energy 0.003 50% 534385 $2,726,038 TSL Titanium Sands Ltd 0.007 40% 5000 $11,683,736 VAR Variscan Mines Ltd 0.007 40% 412368 $3,914,289 MM1 Midasmineralsltd 0.22 40% 4381871 $19,550,424 DTR Dateline Resources 0.051 38% 1.01E+08 $102,326,039 LTP Ltr Pharma Limited 0.38 36% 2461920 $31,349,630 CTO Citigold Corp Ltd 0.004 33% 3200000 $9,000,000 ATV Activeportgroupltd 0.009 29% 2859781 $4,794,840 KSN Kingston Resources 0.1175 28% 22677693 $75,619,851 ALY Alchemy Resource Ltd 0.007 27% 1428571 $6,479,419 PPY Papyrus Australia 0.015 25% 2417830 $6,872,181 C7A Clara Resources 0.005 25% 581680 $2,046,417 ERL Empire Resources 0.005 25% 300002 $5,935,653 VFX Visionflex Group Ltd 0.0025 25% 5965586 $6,735,721 VML Vital Metals Limited 0.0025 25% 5953969 $11,790,134 8CO 8Common Limited 0.021 24% 767746 $3,809,613 LM1 Leeuwin Metals Ltd 0.16 23% 564309 $13,104,830 MRR Minrex Resources Ltd 0.011 22% 4540213 $9,763,808 JCS Jcurve Solutions 0.033 22% 354953 $8,919,273 MPK Many Peaks Minerals 0.6 21% 1442928 $49,122,365 AS1 Asara Resources Ltd 0.048 20% 198199 $44,047,114 CP8 Canphosphateltd 0.024 20% 40000 $6,135,211 Making news… Zoono Group (ASX:ZNO) has signed an exclusive UK deal with packaging giant Sharpak and its long-time food supply chain partner OSY. The agreement will see Zoono's shelf-life-extending tech used on soft fruit packaging, sold to big UK supermarkets. It's a big step for Zoono, which pivoted into food packaging after its core antimicrobial business took a hit during the post-COVID crisis. The deal runs to the end of 2029, and includes minimum orders starting at NZ$4.3 million in year one, rising to NZ$8.6 million by year five. Biotech LTR Pharma (ASX:LTP) has taken a big step with Spontan, its fast-acting erectile dysfunction spray, which is now available across TerryWhite Chemmart's 600+ pharmacies nationwide. It means patients with a script can finally get Spontan filled at major pharmacies under the TGA's Special Access and Authorised Prescriber schemes. To support the rollout, LTR has built new barcoded packaging ready for pharmacy shelves and telehealth integration down the track. Clara Resources Australia (ASX:C7A) has kicked off a strategic review of its Kildanga cobalt-nickel-copper-gold project in southeast Queensland after receiving unsolicited interest from third parties. It's now weighing up a potential sale, joint venture or partnership to unlock value from the asset. Clara said the Kildanga project's got strong near-term potential, sitting near Gympie with good infrastructure and high-grade historical hits. Telehealth tech outfit Visionflex (ASX:VFX) has locked in a deal with BHP (ASX:BHP) to roll out its virtual care system across 13 remote medical centres and one emergency helicopter in WA. The contract's worth $400k in year one, all paid upfront. The full rollout is due to be wrapped up by the end of FY25. For BHP, it means better healthcare on-site, fewer medevac flights, and less time lost to travel. Midas Minerals (ASX:MM1) is on the up, despite raising $6.5m in a placement at $0.15 a share, a 6.25% discount to its VWAP. The company is in the midst of acquiring the Otavi project in Namibia, where MM1 recently acquired an option over a 195-square-kilometre licence. Historical exploration points to a large bedrock gold anomaly on the site, confirmed by a 60m drill core interval that revealed elevated levels of gold, silver, arsenic, lead, zinc, antimony and molybdenum. Kingston Resources (ASX:KSN) is also enjoying some gold success, although in a very different way. KSN just sold its Misima gold project for total consideration of $95m, with a 0.5% revenue royalty on all gold production after 500k ounces are produced from the asset. The company reckons the sale sets it up as a well-funded copper and gold producer with plenty of flexibility to pursue growth. KSN plans to pay off its $15m debt facility in full from the sale proceeds. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Security Name Last % Change Volume Market Cap DUB Dubber Corp Ltd 0.021 -45% 40514881 $99,687,964 CHM Chimeric Therapeutic 0.005 -38% 43385282 $14,805,490 OFX OFX Group Ltd 0.865 -34% 10017578 $306,555,705 BP8 Bph Global Ltd 0.002 -33% 431221 $3,152,954 EDE Eden Inv Ltd 0.001 -33% 500820 $6,164,822 DTZ Dotz Nano Ltd 0.062 -29% 458368 $49,668,093 CDEDC Codeifai Limited 0.005 -29% 1056736 $2,219,220 RDN Raiden Resources Ltd 0.005 -29% 19769867 $24,156,240 CRR Critical Resources 0.003 -25% 94856 $10,456,885 SFG Seafarms Group Ltd 0.0015 -25% 1987967 $9,673,198 EPX Ept Global Limited 0.021 -25% 1920508 $18,444,609 DAL Dalaroometalsltd 0.023 -23% 379254 $7,468,558 ARV Artemis Resources 0.0055 -21% 19718067 $17,699,705 PLN Pioneer Lithium 0.091 -21% 446425 $4,894,594 AUG Augustus Minerals 0.027 -21% 706147 $4,052,509 TYX Tyranna Res Ltd 0.004 -20% 650000 $16,442,127 PHO Phosco Ltd 0.065 -19% 867810 $35,065,716 GBE Globe Metals &Mining 0.024 -17% 200000 $20,144,937 ICE Icetana Limited 0.015 -17% 144146 $7,886,568 BIT Biotron Limited 0.0025 -17% 400000 $3,981,738 EPM Eclipse Metals 0.005 -17% 1688000 $17,194,914 HCF Hghighconviction 0.031 -16% 59624 $718,040 WIN WIN Metals 0.018 -14% 1228943 $11,551,220 AZL Arizona Lithium Ltd 0.006 -14% 36482457 $31,932,702 BLU Blue Energy Limited 0.006 -14% 3795052 $12,956,815 IN CASE YOU MISSED IT Asra Minerals (ASX:ASR) has secured $200k in cash from the sale of its Boorara tenement package to a subsidiary of Northern Star Resources after inking a binding head of sale agreement. The sale will streamline ASR's portfolio, allowing the company to concentrate resources on its core Leonora gold project, which already holds a global gold resource of about 200,000 ounces of gold. Andromeda Metals (ASX:ADN) is also cashed up after completing a $5m placement. The new funds will go to the Great White high purity alumina project, supporting early works, advanced plant design and engineering, and technical, financial and legal requirements for the project's funding and development. European Lithium (ASX:EUR) has revealed assays from deep historical drilling, which have further reinforced the Tanbreez deposit's massive potential in Greenland. EUR said all deep drill holes delivered consistently well-mineralised total rare earth oxide levels and they come alongside a spread of high-value commodities as the company moves on the next milestones towards uncovering the deposit's true promise. Trading Halts Resource Mining Corporation (ASX:RMI) – cap raise At Stockhead, we tell it like it is. While LTR Pharma, Asra Minerals, and Andromeda Metals are Stockhead advertisers, they did not sponsor this article. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Closing Bell: Tech and bank stocks flex as RBA cuts rates as expected Stockhead Many Peaks Minerals has received broad high-grade results from Ouarigue South prospect of the Ferké gold project in Côte d'lvoire. Stockhead Tylah Tully dives into the details of a big time transaction between Kingston and Ok Tedi to fund KSN's multi-mine ambitions.
News.com.au
09-05-2025
- Business
- News.com.au
Closing Bell: ASX climbs on banks and tech strength; world waits for US-China trade chat
ASX lifts 0.48pc as attention turns to US-China trade talks Info Tech leads gains, up 1.83pc with All Tech Index climbing 1.36pc Materials lags behind, slipping 0.46pc The ASX was significantly less squirrely today, seeming to gain confidence as it extended its upward trajectory at midday to finish up 0.48% overall. Most of that momentum came from Info Tech (+1.83%) and Financials stocks (+1.10%) with much of the latter supported by upward movements from the banks. Westpac (ASX:WBC) lifted 2.33%, Macquarie Group (ASX:MQG) 3.79% and QBE Insurance (ASX:QBE) 3.48%. As for tech, there were some strong movements in the midcaps. Megaport (ASX:MP1) jumped 3.91%, Objective Corporation (ASX:OCL) 2.79% and Data#3 (ASX:DTL) 2.5%. The Tech Index climbed 1.32%, while the ASX200 Banks nudged up 0.73%. With trade talks between the US and China scheduled for this weekend, we may wake up on Monday to a very different market sentiment. World awaits result of US-China trade talks It feels a bit like we've all been forced to witness a giant game of chicken, one with a hell of a lot on the line. The US Treasury Secretary Scott Bessent is set to meet with Chinese officials in Geneva tomorrow, with the goal of normalising trade between the two nations. 'I look forward to productive talks as we work towards rebalancing the international economic system towards better serving the interests of the United States,' Bessent said in a statement announcing the upcoming dialogue. At present, the US and China are essentially in a trade embargo, with respective +125% tariffs making bilateral trade far too expensive to countenance for most businesses. Analysts say it's going to have a dampening effect on global growth. As expenses for US businesses grow, they'll have less money to splash around in the rest of the world. Neither party have shown any signs of backing down, with Trump shooting down rumours the US was considering reducing tariffs by half and Chinese Vice Foreign Minister Hua Chunying stating simply, 'We have no fear'. While there's very little guarantee any real progress will be made in Switzerland tomorrow, many markets are betting there will be some kind of easing in tensions – or perhaps they think Trump will back down again. Given how mercurial his moods – and therefore his policy – can be, it's probably not the worst bet you could make. The first signs of strain in the global economy are beginning to show, although the worst is certainly yet to come as inventories empty and stockpiles deplete in time. The US is staring down the barrel of a serious stagflation threat, while China's Politburo, its second-most powerful political body, has cautioned officials to prepare for 'worst-case scenarios' due to the impact of 'external shocks'. What's increasingly clear, is that while Trump and China play their zero-sum game, the rest of us are all losing. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap GGE Grand Gulf Energy 0.004 100% 12430706 $5,600,774 WEL Winchester Energy 0.002 100% 1000000 $1,363,019 AYM Australia United Min 0.003 50% 105099 $3,685,155 EEL Enrg Elements Ltd 0.0015 50% 2676335 $3,253,779 TMK TMK Energy Limited 0.003 50% 16525088 $20,444,766 VPR Voltgroupltd 0.0015 50% 667047 $10,716,208 FHS Freehill Mining Ltd. 0.005 43% 1305474 $11,317,347 FIN FIN Resources Ltd 0.007 40% 750767 $3,474,442 CMD Cassius Mining Ltd 0.022 38% 1436420 $10,840,090 DDT DataDot Technology 0.004 33% 1250000 $3,632,858 JAL Jameson Resources 0.04 33% 49506 $18,322,000 TASDA Tasman Resources Ltd 0.02 33% 430001 $2,415,749 PCL Pancontinental Energ 0.013 30% 7495949 $81,365,859 ENV Enova Mining Limited 0.009 29% 19761262 $9,894,505 KPO Kalina Power Limited 0.007 27% 5094926 $16,131,334 VRX VRX Silica Ltd 0.057 27% 1333575 $33,628,648 ASR Asra Minerals Ltd 0.0025 25% 207082 $5,412,094 CAV Carnavale Resources 0.005 25% 5191227 $16,360,874 RLL Rapid Lithium Ltd 0.0025 25% 62500 $2,489,889 TEM Tempest Minerals 0.005 25% 703479 $2,938,119 TNC True North Copper 0.185 23% 861843 $18,875,852 TG1 Techgen Metals Ltd 0.0245 23% 607703 $3,173,314 FRS Forrestaniaresources 0.047 21% 25187100 $11,699,995 CRI Criticalim 0.018 20% 9015158 $40,326,729 CUF Cufe Ltd 0.006 20% 13681259 $6,732,874 Making news… Jameson Resources (ASX:JAL) just gave an update on its Crown Mountain hard coking coal project, and it's looking pretty solid. A review by top technical advisers confirmed the project's proven and probable reserves are still good to go, even with the shake-up in costs and coal prices. Since 2020, inflation's pushed up capital and operating costs, but the project's still standing strong, said Jameson. Revised coal price forecasts and adjustments boosted its pre-tax NPV from US$469m to a massive US$942m. Aureka (ASX:AKA) has just scored a major win by bringing on Jozef Story as its new exploration manager. Story's no rookie, he's fresh off four years at Barrick Gold as exploration manager, with over 25 years in the field, including stints at Fosterville and Castlemaine in Victoria. CEO James Gurry is stoked, saying Story's experience gives Aureka the edge to tap into its gold targets at Bendigo, Stawell, and St Arnaud. Winchester Energy (ASX:WEL) has notched a definitive legal win in its battle with Westex Resources, after the courts dismissed all orders against the company. Westex previously alleged Winchester had failed to meet agreed farm-in work commitments and attempted to claim damages. None were awarded, and WEL's directors expect no further action to be taken related to the dispute. Identification and security solution firm DataDot Technology (ASX:DDT) has netted a major Tier 1 Australian insurer as a customer through its Australian subsidiary, marking the second pilot agreement for the company's PropertyVAULT technology. The PropertyVAULT is a service designed to enhance the identification and recovery of stolen assets, targeted at insurance and insurance recovery sectors. Tempest Minerals (ASX:TEM) has climbed despite launching an entitlement offer at a 9.5% discount to its 5-day VWAP price, seeking to raise up to just under $1.47m. The company wants to channel those funds into exploration on its gold assets, as well as iron ore at the Yalgoo project. TEM recently released an inaugural resource estimate for Yalgoo, coming in at 63.5Mt at 30.6% iron ore content. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Security Name Last % Change Volume Market Cap DTM Dart Mining NL 0.003 -40% 12409271 $3,438,820 BUY Bounty Oil & Gas NL 0.002 -33% 1217227 $4,684,416 CRB Carbine Resources 0.004 -33% 1271859 $3,310,427 EDE Eden Inv Ltd 0.001 -33% 469000 $6,164,822 SKN Skin Elements Ltd 0.002 -33% 17,238 $3,225,642 FNR Far Northern Res 0.12 -29% 36562 $6,845,190 WBE Whitebark Energy 0.005 -29% 1464839 $2,799,347 MDR Medadvisor Limited 0.096 -26% 3806463 $77,703,033 AUK Aumake Limited 0.003 -25% 308600 $12,093,435 BNL Blue Star Helium Ltd 0.006 -25% 1507365 $21,559,082 PHO Phosco Ltd 0.054 -23% 136773 $22,085,581 KRR King River Resources 0.007 -22% 5071874 $13,753,987 TMS Tennant Minerals Ltd 0.007 -22% 282358 $8,603,014 AMS Atomos 0.004 -20% 730870 $6,075,092 AVE Avecho Biotech Ltd 0.004 -20% 391664 $15,867,318 ENT Enterprise Metals 0.002 -20% 1 $2,945,793 JLL Jindalee Lithium Ltd 0.38 -18% 434473 $35,628,915 CHM Chimeric Therapeutic 0.005 -17% 4422914 $10,904,117 IFG Infocusgroup Hldltd 0.005 -17% 4087690 $1,574,561 JAV Javelin Minerals Ltd 0.0025 -17% 21521064 $18,138,447 ODE Odessa Minerals Ltd 0.005 -17% 2707196 $9,597,195 RDS Redstone Resources 0.005 -17% 546336 $5,552,271 MDI Middle Island Res 0.018 -14% 782231 $5,786,248 CRR Critical Resources 0.003 -14% 1723221 $9,149,774 EAT Entertainment 0.006 -14% 500001 $9,161,502 Trading Halts VHM (ASX:VHM) – cap raise
Globe and Mail
06-05-2025
- Business
- Globe and Mail
AI, Cybersecurity, and Leadership Will Be Center Stage at Info-Tech LIVE 2025 This June in Las Vegas
As the highly anticipated industry event Info-Tech LIVE 2025 rapidly approaches, the latest round of speaker announcements reflects the growing focus on practical, executive-level insights for technology leaders. Taking place June 10–12 at Bellagio in Las Vegas , The sessions will explore how CIOs and IT teams can navigate complex transformation priorities, lead AI-driven innovation, and strengthen organizational resilience through digital strategy and security modernization now and into the coming year. TORONTO , May 6, 2025 /PRNewswire/ -- Info-Tech Research Group has announced the latest additions to its speaker lineup for Info-Tech LIVE 2025, the firm's premier annual IT conference taking place June 10–12 at the Bellagio in Las Vegas . The recently released speakers are set to deliver high-impact sessions that reflect the current topics IT leaders care most about in 2025, including executive leadership, cybersecurity, AI, privacy, and the future of IT operating models. The announcement builds on the firm's earlier agenda reveals and further showcases the breadth of strategic insight that will define this year's event. Info-Tech LIVE 2025 is built around the theme "Transform IT. Transform everything." The event will feature keynote presentations, peer panels, analyst-led breakouts, and networking opportunities tailored to help technology leaders solve real-world problems and set a forward-looking strategy. With disruption accelerating across industries, these sessions will equip the over 4,000 CIOs, CDOs, CISOs, and IT leaders expected for this year's conference with the tools and insights they need to lead transformation from within. "At LIVE 2025, we're not just talking about change; we're providing the frameworks and tools to drive it," says Chief Research Officer at Info-Tech Research Group, Gord Harrison. "This next set of speakers brings practical expertise and strategic insight that reflects the real-world challenges technology leaders are facing today, from enabling innovation and AI-driven change to building more secure, resilient, and responsive organizations." Newly Announced Speakers for Info-Tech LIVE 2025 in Las Vegas : The latest additions to Info-Tech's 2025 speaker roster bring a wealth of expertise shaped by decades of hands-on leadership, consulting, and innovation. Their sessions will offer attendees fresh perspectives on current enterprise challenges, from navigating emerging technologies and compliance demands to scaling transformation strategies and aligning IT investments with business growth. The newly announced speakers include: Jack Hakimian, SVP, Research & Advisory Services, Info-Tech Research Group Jack Hakimian brings over 30 years of technology and consulting experience across financial services, energy, telecommunications, and government sectors. Hakimian has led global strategy and transformation programs at firms such as Accenture, Deloitte, EY, and IBM, with deep expertise in AI, CRM, ERP, and M&A consulting. Rob Meikle, Executive Counselor, Info-Tech Research Group Rob Meikle is a recognized leader in public sector innovation, having served as CIO for the City of Toronto and the City of Brampton . Meikle has been honored globally for IT leadership and transformation and brings a rich cross-sector perspective to building high-performing, future-ready teams. Geoff Nielson, SVP, Brand, Info-Tech Research Group Geoff Nielson currently leads Info-Tech's Brand & Content team and previously spearheaded the firm's Executive Services and digital transformation initiatives. Nielson brings a decade of experience helping CIOs translate research into actionable strategies, including launching multiple SaaS solutions for IT leaders. Jeremy Roberts, Senior Director, Research & Content, Info-Tech Research Group Jeremy leads research initiatives spanning AI, cloud, infrastructure, and user experience. A frequent keynote speaker and media contributor, he combines deep academic expertise with practical guidance to help organizations navigate fast-moving technology trends. Aaron Shum, Vice President, Research & Advisory, Info-Tech Research Group With over 25 years in IT, InfoSec, and privacy, Aaron Shum guides organizations through security modernization and regulatory compliance. Shum's leadership in areas such as GDPR and Exponential IT supports enterprises looking to build resilient, secure operations at scale. Tom Zehren, Chief Executive Officer, Info-Tech Research Group Tom Zehren brings a global perspective to IT strategy, with past roles as Chief Product Officer at Info-Tech and a decade at McKinsey. With a PhD in Technology Management, Zehren has advised high-growth tech firms and VC funds and now leads the firm in its mission to deliver measurable outcomes for IT leaders. With the reveal of more highly anticipated industry thought leaders to take the stage June 9-12 in Las Vegas , Info-Tech LIVE 2025 continues to shape up as a must-attend event for IT decision-makers looking to transform their organizations. Further speaker announcements will be released in the weeks leading up to the conference. For the latest details, visit the Info-Tech LIVE 2025 in Las Vegas page, and follow Info-Tech Research Group on LinkedIn and X. Media Passes for Info-Tech LIVE 2025 in Las Vegas Media professionals, including journalists, podcasters, and influencers, are invited to attend Info-Tech LIVE 2025 to gain exclusive access to research, content, and interviews with industry leaders. For those unable to attend in person, Info-Tech offers a digital pass option, providing access to live-streamed keynotes, select sessions, and exclusive virtual interviews with speakers and analysts. Media professionals looking to apply for in-person or digital passes can contact pr@ to secure their spot and cover the latest advancements in IT for their audiences. Exhibitor Opportunities Exhibitors are also invited to be part of Info-Tech LIVE and showcase their products and services to a highly engaged audience of IT decision-makers. For more information about becoming an Info-Tech LIVE exhibitor, please contact events@ About Info-Tech Research Group Info-Tech Research Group is one of the world's leading research and advisory firms, proudly serving over 30,000 professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations. To learn more about Info-Tech's divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights. Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm's Media Insiders program. To gain access, contact pr@
News.com.au
01-05-2025
- Business
- News.com.au
Top 10 at 11: ASX dips as US economy contracts in March quarter
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10:15, once trading kicks off in earnest. In brief, this is what the markets have been up to this morning. The ASX is struggling in early morning trading, pushing against a riptide created by weakness in the US economy overnight. The US economy contracted by 0.3% in the first quarter of the year, as US President Trump's domestic and foreign policies took effect. Economists were expecting a 0.4% gain, but an unexpected 41.3% rise in imports subtracted from overall GDP, taking 5% off the headline reading. Despite that, the blue-chip Dow rose 0.4% and the S&P500 0.2%, but the Nasdaq fell 0.1%. In the month of April, the Nasdaq stood out with a 0.9% gain while the Dow has fallen 3.2% overall and the S&P500 0.8%. European shares rose, helped along by a 1.2% uptick in healthcare stocks. The FTSE300 lifted 0.5% but was down 1.5% for the month, while the UK FTSE100 gained 0.4%, but was down 1.0% over April. The ASX has had a wobbly start to the morning, down just 0.08% at time of writing, with 5 sectors down and 6 up. Interestingly, Info Tech is leading the gainers on the bourse today, up 2.04% despite the Nasdaq's minor losses in the US overnight. Resource stocks are pulling in the other direction, with the materials sector down 1.35% at present. Now, onto our top 10 small cap winners (and laggards) for the morning… WINNERS Code Description Last % Volume MktCap EDE Eden Inv Ltd 0.0015 50% 287767 $4,109,881 EEL Enrg Elements Ltd 0.0015 50% 4910073 $3,253,779 PAB Patrys Limited 0.003 50% 170000 $4,114,895 ADN Andromeda Metals Ltd 0.019 36% 19800137 $48,002,188 CAV Carnavale Resources 0.005 25% 176000 $16,360,874 ADG Adelong Gold Limited 0.006 20% 331500 $6,987,431 FRX Flexiroam Limited 0.006 20% 81250 $7,586,993 NES Nelson Resources. 0.003 20% 10676742 $5,429,819 SPX Spenda Limited 0.006 20% 1066666 $23,076,077 TMK TMK Energy Limited 0.003 20% 629590 $25,555,958 Making news this morning… Andromeda Metals (ASX:ADN) has taken a big step down the path to commercialisation for its high purity alumina, successfully refining kaolin from the Great White Project to a purity of 99.9985%. Those numbers place it in the highest tiers of HPA, suitable for battery, semiconductor, ceramic and future tech applications. Demand for the critical mineral is predicted to outstrip supply by 48% by 2028. LAGGARDS Code Name Price % Change Volume Market Cap SFG Seafarms Group Ltd 0.001 -33% 45000 $7,254,899 1TT Thrive Tribe Tech 0.0015 -25% 65424 $4,063,446 SPN Sparc Tech Ltd 0.165 -21% 294918 $20,133,319 ADY Admiralty Resources. 0.004 -20% 440614 $13,147,397 BPH BPH Energy Ltd 0.008 -20% 281286 $12,182,328 BLG Bluglass Limited 0.013 -19% 2038005 $29,448,965 AUR Auris Minerals Ltd 0.005 -17% 3995 $2,859,756 ARN Aldoro Resources 0.4 -16% 305205 $84,270,788 RNX Renegade Exploration 0.003 -14% 2000832 $4,509,272 VR1 Vection Technologies 0.0155 -14% 4536824 $27,549,994 Seafarms Group (ASX:SFG) has found itself under a bit of a cloud after several of its current and former directors were served with an originating application seeking discovery of documents from entities associated with Jan Cameron. The Cameron Group is investigating several announcements made on the ASX in 2020, 2021 and 2022, attempting to form a view on whether they were reasonable representations of future matters and therefore un-actionable. The affidavit indicates the Group has no intention to bring a claim against Seafarms itself, and it is not a named party in the application. Sparc Technologies (ASX:SPN) share slipped after the company raised $2.7m through a placement and share placement plan, offering shares at $0.15 each compared to its current market price of $0.175. BluGlass (ASX:BLG) fell for similar reasons, raising $2.3m in a placement and launching a share placement offer to raise up to $6m in additional funding. The shares are being offered at a 2.5% discount to the company's 5-day VWAP. At Stockhead, we tell it like it is. While Andromeda Metals is a Stockhead advertiser, they did not sponsor this article.
News.com.au
29-04-2025
- Business
- News.com.au
Closing Bell: Uranium surges on tariff exemption whispers; ASX rides energy wave higher
ASX uranium stocks have soared after the US administration flagged U3O8 would be included in tariff exemption list Energy sector up more than 2pc, with Small Ords index close behind Utilities, Info Tech, Resources, Real Estate sectors all up more than 1pc Assurances from the US administration that uranium will be included in an upcoming list of tariff exemptions has given stocks dealing in the yellowcake mineral a welcome boost. Small cap Boss Energy (ASX:BOE) is one of the best performing stocks on the ASX today, lifting 13.75% to $3.185 a share. The uranium producer's core focus is the Honeymoon uranium project in South Australia, where it expects to produce 850k pounds of uranium in the 2025 financial year. Micro caps Connected Minerals (ASX:CML) and Energy Resources of Australia (ASX:ERA) outperformed even Boss in terms of percentage gain (up 45% and 33.33% respectively), also enjoying attention from the uranium bulls. Boss and ERA are joined by Bannerman Energy (ASX:BMN) up 12.86%, Lotus Resources (ASX:LOT) up 15.15%, Deep Yellow (ASX:DYL) up 12.44%, and Paladin Energy (ASX:PDN) with a 9.2% gain. It's difficult to judge the effect on uranium's pricing, however, as its not traded openly on the market like other commodities, but rather directly between producers and end users in private long-term contracts. The effect on the wider Aussie market, on the other hand, was obvious. The ASX has gained almost a full percentage point today, lifting 0.92%. The ASX Small Ords Index is up more than 2%, and the ASX 200 Resources close behind with a more than 1.5% lift. The optimism appears to have carried over into the rest of the market, with 10 of 11 sectors in the green, although Consumer Staples (-0.03%) held the class back. Behind Energy, the Utilities and Info Tech sectors also enjoyed sizable gains, lifting 2.29% and 1.45% each. Standouts included Origin Energy (ASX:ORG) up 3.15% and AGL Energy (ASX:AGL) with a 2.09% boost. There was a 1.17% uptick for Wisetech (ASX:WTC), 1.05% for Xero (ASX:XRO), 1.45% for Technology One (ASX:TNE) and NextDC (ASX:NXT) rounded out the tech big caps with a 2.19% gain. All to say, the ASX is on a bit of a tear at the moment, hovering around two-month highs after posting its fourth straight day of gains. Of course, the bourse is still down 1.08% for the year to date, and the trade war that caused all the chaos is far from over, but for now things are looking up. Speaking of which, here are today's small cap movers and shakers on the Aussie market. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Description Last % Volume MktCap DY6 Dy6Metalsltd 0.165 293% 5842597 $2,117,255 88E 88 Energy Ltd 0.002 100% 9133331 $28,933,812 MMR Mec Resources 0.005 67% 1080000 $5,549,298 EEL Enrg Elements Ltd 0.0015 50% 2598009 $3,253,779 RAN Range International 0.003 50% 270606 $1,878,581 CML Connected Minerals 0.16 45% 189271 $4,549,403 ICR Intelicare Holdings 0.01 43% 16556666 $3,403,317 PHL Propell Holdings Ltd 0.01 43% 844830 $1,948,367 ADN Andromeda Metals Ltd 0.014 40% 35683888 $34,287,277 EAT Entertainment 0.007 40% 274684 $6,543,930 NYM Narryermetalslimited 0.042 35% 2813 $5,457,699 1TT Thrive Tribe Tech 0.002 33% 4505606 $3,047,585 ADD Adavale Resource Ltd 0.002 33% 1061407 $3,430,919 PRM Prominence Energy 0.004 33% 1132 $1,167,529 QXR Qx Resources Limited 0.004 33% 50200 $3,930,987 SIS Simble Solutions 0.004 33% 429710 $2,628,991 EL8 Elevate Uranium Ltd 0.29 32% 3345655 $84,835,479 MVP Medical Developments 0.61 31% 1485471 $52,386,121 PNT Panthermetalsltd 0.017 31% 21681035 $3,911,759 DTR Dateline Resources 0.009 29% 43908802 $19,358,980 WYX Western Yilgarn NL 0.034 26% 3215 $3,714,149 HMY Harmoney Corp Ltd 0.635 26% 91637 $51,491,894 UVA Uvrelimited 0.094 25% 1305 $4,515,000 RRR Revolverresources 0.035 25% 162884 $7,735,679 ASR Asra Minerals Ltd 0.0025 25% 21606559 $4,746,254 Making news… DY6 Metals (ASX:DY6) surged almost 300% after striking something special at Tundulu in southern Malawi, near the border with Mozambique. A fresh look at old drill data has uncovered high-grade gallium right from surface, with some hits showing eye-popping grades over long stretches. One standout drill hole pulled 74 metres at over 93 g/t gallium, including a spike at 310 g/t. DY6 said less than half the area has been drilled, and the gallium keeps going deeper, hinting there's plenty more below. Gallium is hot property right now thanks to demand in electronics and semiconductors, and most of the global supply is stitched up by China. DY6's still running tests, but early signs point to a potentially serious play, and the market will be watching closely when results land in the coming weeks. Joining in on the uranium bull run, Connected Minerals (ASX:CML) jumped 45% on release of its quarterly report, which included some promising uranium exploration results within the company's Namibian assets. Trench sampling at the Etango North-East prospect generated results of up to 46m at 506 ppm uranium, with grades peaking at 1m at 5,413 ppm U3O8. InteliCare (ASX:ICR) is teaming up with Mecwacare to trial its smart care tech at the Trescowthick Centre in Prahran, Victoria. Mecwacare is a major aged care player in Victoria, and InteliCare's AI-powered platform is part of its push to become a tech-savvy leader in aged and disability care. The trial will run for three months once the system's fully set up, and if it goes well, Mecwacare could look to expand it across all 22 of its aged care homes. The deal's worth $212k for now. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Code Name Price % Change Volume Market Cap HCF H&G High Conviction 0.055 -84% 427504 $6,792,267 SMX Strata Minerals 0.017 -43% 12258716 $7,324,455 IVT Inventis Limited 0.016 -33% 51875 $1,834,185 PAB Patrys Limited 0.002 -33% 4061410 $6,172,342 REY REY Resources Ltd 0.027 -29% 12682 $8,039,314 TON Triton Min Ltd 0.005 -29% 25388 $10,978,721 AKN Auking Mining Ltd 0.006 -25% 1411746 $4,598,230 AUK Aumake Limited 0.003 -25% 166666 $12,042,769 SFG Seafarms Group Ltd 0.0015 -25% 254852 $9,673,198 3PL 3P Learning Ltd 0.6 -21% 14325 $207,408,957 ALM Alma Metals Ltd 0.004 -20% 503110 $7,931,727 AVE Avecho Biotech Ltd 0.004 -20% 1730579 $15,867,318 BYH Bryah Resources Ltd 0.004 -20% 2810980 $4,349,768 MEG Megado Minerals Ltd 0.008 -20% 835592 $4,196,833 RLL Rapid Lithium Ltd 0.002 -20% 46640 $3,112,362 PUA Peak Minerals Ltd 0.009 -18% 14258456 $30,880,534 PNN Power Minerals Ltd 0.059 -18% 2175314 $8,197,551 EMN Euromanganese 0.205 -18% 45937 $10,247,906 PGH Pact Group Hldgs Ltd 0.9 -18% 210275 $376,997,608 MNC Merino and Co 0.12 -17% 170932 $7,696,103 1AI Algorae Pharma 0.005 -17% 2150156 $10,124,368 AZL Arizona Lithium Ltd 0.005 -17% 4252772 $27,370,887 BLZ Blaze Minerals Ltd 0.0025 -17% 2405674 $4,700,843 TMX Terrain Minerals 0.0025 -17% 385342 $6,010,670 BTE Botalaenergyltd 0.055 -17% 20000 $16,510,297 IN CASE YOU MISSED IT A listing to the OTCQB has unlocked access to US investors and global market traders for White Cliff Minerals (ASX:WCN), which has been approved to trade under the ticker WCMLF as of yesterday. The company says the listing will enhance accessibility for US investors, and increase liquidity and market visibility. Anson Resources (ASX:ASN) is preparing to re-enter the Mt Fuel-Skyline Geyser 1-25 well after submitting a proposal to the local authorities, with plans to use the results from the Bosydaba#1 well to prove-up a JORC mineral resource at the Green River project. Following-up on broad intersections of gold including 35.76m at 2.14 g/t gold from 14.27m of depth, Arika Resources (ASX:ARI) is set to begin a 6,000m RC drilling program to test extensions and investigate new prospects at the Yundamindra gold project in WA. Trading Halts Dimerix (ASX:DXB) - licensing agreement Orthocell (ASX:OCC) - new regulatory approval for Remplir Southern Cross Gold (ASX:SXG) - cap raise Kalamazoo Resources (ASX:KZR) - cap raise Alice Queen (ASX:AQX) - cap raise Nanoveu (ASX:NVU) - cap raise Blinklab (ASX:BB1) – cap raise Sparc Technologies (ASX:SPN) - cap raise BluGlass (ASX:BLG) - cap raise Kore Potash (ASX:KP2) - financing proposal DY6 Metals (ASX:DY6) - clarification to an announcement At Stockhead, we tell it like it is. While White Cliff Minerals, Anson Resources and Arika Resources are Stockhead advertisers, they did not sponsor this article.
