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News.com.au
21-07-2025
- Business
- News.com.au
Closing Bell: Hangover sets in as ASX slides from record highs; resources offer bright spot
ASX slides from record high, down 1.02pc Energy and materials only sectors to lift South32 outperforms production guidance ASX suffers Liberation Day-sized fall Today was the largest single-day plunge on the ASX since markets went haywire over Liberation Day tariffs back in April, falling 1.02% by the end of trade. As is so often the case, the market giveth gains and the market taketh them straight back. The profit taking hit banks the worst, with the top seven falling between 3.61% and 1.42% each. Energy pushed back to lift 1.19% and materials added 0.32%, with much of that strength coming from resources stocks in particular. Taking a look at our outliers for the day, Block Inc (ASX:XYZ) surged 11% in trade after announcing an imminent listing to Wall Street's S&P 500, replacing Hess as the energy company is acquired by Chevron. It was a bit of a mixed bag for gold stocks, which slid on average. Pantoro Gold (ASX:PNR) jumped 11% and Dateline Resources (ASX:DTR) 8%, but Brightstar Resources (ASX:BTR) shed 10% and Gorilla Gold Mines (ASX:GG8) 4%. South32 exceeds expectations South32 (ASX:S32) is one of the best performing resource stocks on the ASX today, up 4.5% to $3.02 a share after knocking it out of the park in its quarterly production report. The company's manganese mine produced 1.1Mt despite disruptions to operations from Tropical Cyclone Megan last year, handily beating analyst estimates of 850,000 wmt. 'We delivered another strong quarter of operating performance, exceeding the group's FY25 production guidance, driven by annual production growth of 20% in copper and 6% in aluminium,' South32 chief executive officer Graham Kerr said. 'Australia Manganese successfully resumed export shipments during the quarter, marking a significant recovery from the impacts caused by Tropical Cyclone Megan.' Production at South32's aluminium assets also improved, particularly at the Mozal smelter in Mozambique where production lifted 13% year-on-year following a period of civil unrest. S32 returned US$350m to shareholders in the 2025 financial year in the form of dividends and an on-market share buy-back. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Code Name Last % Change Volume Market Cap AIV Activex Limited 0.021 200% 15073955 $1,508,518 BHM Broken Hill Mines Ltd 0.46 119% 7719357 $22,594,508 IS3 I Synergy Group Ltd 0.0035 75% 8384701 $3,412,600 TR2 Tali Resources Ltd 0.585 58% 1415855 $13,876,850 CR9 Corellares 0.003 50% 1370559 $2,014,540 MOM Moab Minerals Ltd 0.0015 50% 555399 $1,874,666 PGD Peregrine Gold 0.27 46% 3221520 $15,696,832 AUH Austchina Holdings 0.002 33% 250000 $4,538,075 BLZ Blaze Minerals Ltd 0.004 33% 28073114 $5,335,392 CRB Carbine Resources 0.004 33% 737606 $3,000,489 CT1 Constellation Tech 0.002 33% 33333 $2,212,101 SKK Stakk Limited 0.006 33% 5045394 $9,337,859 SPQ Superior Resources 0.006 33% 7941284 $10,669,422 ANO Advance Zinctek Ltd 1.1 33% 49880 $51,996,269 IG6 International Graphite 0.068 26% 416371 $10,452,150 AOK Australian Oil. 0.0025 25% 21000 $2,075,566 PRX Prodigy Gold NL 0.0025 25% 500000 $6,350,111 QXR Qx Resources Limited 0.005 25% 470493 $5,241,315 HAL Halo Technologies 0.031 24% 153570 $3,215,910 RIE Riedel Resources Ltd 0.037 23% 115000 $2,084,354 NYR Nyrada Inc. 0.345 23% 1284051 $59,056,770 OEC Orbital Corp Limited 0.1475 23% 1376584 $19,773,566 JAL Jameson Resources 0.07 23% 100000 $40,419,003 PVW PVW Res Ltd 0.017 21% 2639479 $2,784,667 CRS Caprice Resources 0.058 21% 36534244 $32,016,302 In the news… ActivEX (ASX:AIV) has drummed up a 310,000-ounce gold resource at the Mt Hogan historical gold mine, the first JORC estimate for the mine, which sits within the Gilberton JV gold project with Gilberton Gold Pty Ltd. Management is also keen to investigate two other historical gold mining centres at the Josephine and Comstock prospects. Broken Hill Mines (ASX:BHM) is humming along on its first official day on the ASX, making some big gains while simultaneously kicking off a 4000m drilling program at the Pinnacles Mine with another 3000m of results awaiting assay at the lab. BHM is looking to expand the Pinnacles resource, which currently sits at 6Mt at 10.9% zinc equivalent. The company owns the operating Rasp mine, located around the site of the Broken Hill discovery on which the world's biggest miner BHP was founded. BHM isn't the only hot newly listed stock. Tali Resources (ASX:TR2) is also climbing after ringing the bell today, having raised $7.5m in its IPO. TR2 isn't wasting any time getting the drill rig to work either – the company will drill test four prospects at the West Arunta project in the coming weeks. Mark Creasy-backed Peregrine Gold (ASX:PGD) has unearthed a large-scale channel iron deposit at the Newman gold project, over a continuous strike of 6.4km. Initial results have averaged about 57% iron, peaking at 61%. It's the first time iron has been identified in the area. Blaze Minerals (ASX:BLZ) is poised to begin drilling at the Loulombo base metals project in the Republic of Congo, after finalising the project's acquisition from Congo Shining SARL. BLZ is particularly interested in the Mimpala target, a 1.5km by 500m zone with artisanal workings over 800m of that strike. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Code Name Last % Change Volume Market Cap HLX Helix Resources 0.001 -50% 589143 $6,728,387 GGE Grand Gulf Energy 0.002 -33% 2873646 $8,461,275 CCO The Calmer Co Int 0.003 -25% 1105000 $12,045,413 SHP South Harz Potash 0.003 -25% 800000 $5,132,248 CRR Critical Resources 0.004 -20% 453898 $13,850,427 MEM Memphasys Ltd 0.004 -20% 191616 $9,917,991 PIL Peppermint Inv Ltd 0.002 -20% 3050857 $5,752,724 RGL Riversgold 0.004 -20% 5452678 $8,418,563 ROG Red Sky Energy. 0.004 -20% 561454 $27,111,136 VRC Volt Resources Ltd 0.004 -20% 4637281 $23,424,247 REE Rarex Limited 0.022 -19% 6840356 $24,844,429 RDG Res Dev Group Ltd 0.009 -18% 1574238 $32,459,439 NHE Nobleheliumlimited 0.033 -18% 3177284 $23,981,000 CKA Cokal Ltd 0.029 -17% 1683328 $37,763,214 AON Apollo Minerals Ltd 0.005 -17% 2141200 $5,570,741 AUK Aumake Limited 0.0025 -17% 2055000 $9,070,076 MSG Mcs Services Limited 0.005 -17% 122300 $1,188,598 PRM Prominence Energy 0.0025 -17% 208662 $1,459,411 SLZ Sultan Resources Ltd 0.005 -17% 28000 $1,388,819 AJX Alexium Int Group 0.006 -14% 87872 $11,105,001 HHR Hartshead Resources 0.006 -14% 783825 $19,660,775 NAE New Age Exploration 0.003 -14% 5125000 $9,470,690 RKB Rokeby Resources Ltd 0.012 -14% 1492694 $22,888,056 SPX Spenda Limited 0.006 -14% 2788069 $32,306,508 TMS Tennant Minerals Ltd 0.006 -14% 256748 $7,461,233 IN CASE YOU MISSED IT Loyal Metals (ASX:LLM) has joined forces with highly regarded Terra Search geologist Dr Simon Beams to unlock the potential of its Highway Reward copper-gold mine in north Queensland. Nova Minerals (ASX:NVA) is accelerating exploration at the 1.24Moz gold RPM deposit, part of its larger 9.9Moz Estelle gold and critical minerals project in Alaska. Drilling at Caprice Resources' (ASX:CRS) Island gold project in WA's Murchison region has returned its best intercept to date at the Vadrian's deposit of 11m grading 17.3g/t from 170m. Broken Hill Mines (ASX:BHM) has debuted on the ASX after a rebrand and consolidation, hitting the ground running with drilling programs at Pinnacles West, targeting silver, lead and zinc. Brightstar Resources (ASX:BTR) is acquiring Aurumin (ASX:AUN) to create a large-scale, multi-million ounce greater Sandstone project in WA. Stream sediment sampling on Peregrine Gold's (ASX:PGD) E52/3850 tenement has revealed a large-scale Channel Iron Deposit discovery just 2km from BHP's Western Ridge asset, close to the town of Newman. RareX (ASX:REE) has raised $2 million through a placement at 2.2c per share to fund exploration across its Mt Mansbridge, Cummins Range and Mrima Hill critical minerals projects. Trading Halts At Stockhead, we tell it like it is. While Broken Hill Mines and Peregrine Gold are Stockhead advertisers, they did not sponsor this article.
News.com.au
18-06-2025
- Business
- News.com.au
Closing Bell: ASX dips 0.15pc as traders bide their time
ASX finishes down just 0.15pc after choppy session Tech sector a bright spot, up 1.09pc All Ord Gold index weighs heavy, down 2.28pc ASX nudges lower as investors stick to the sidelines There's a little too much geopolitical chaos brewing for most trader's appetite at present, leading to a subdued day of trading that left the ASX down 0.15%. It was looking like the bourse might tip into the green around midday, but it was not to be. The materials sector, undercut by falling gold and iron ore stocks, fell 1.56%. Pantoro Gold (ASX:PNR) shed 5%, Mineral Resources (ASX:MIN) 4.9%, Fortescue (ASX:FMG) 3.8% and Perseus Mining (ASX:PRU) 3.6%. Looking at our indices, only the All Tech made any real progress today, lifting 0.62% alongside the info tech sector's 1.09% gain. Standouts include archTIS (ASX:AR9) up 62%, Simble Solutions (ASX:SIS) adding 50% and Locate Technologies (ASX:LOC) up 14%. You can read more about the first two below. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap AR9 Archtis Limited 0.22 63% 5982156 $38,875,565 LU7 Lithium Universe Ltd 0.0095 58% 41621735 $4,715,878 IFG Infocusgroup Hldltd 0.009 50% 11413553 $1,655,771 SIS Simble Solutions 0.0045 50% 8131041 $2,628,991 DGR DGR Global Ltd 0.006 50% 1471000 $4,174,784 ECT Env Clean Tech Ltd. 0.003 50% 30302356 $8,013,537 LNR Lanthanein Resources 0.0015 50% 5851968 $2,810,182 MOM Moab Minerals Ltd 0.0015 50% 600000 $1,733,666 EUR European Lithium Ltd 0.064 45% 30114806 $63,587,984 NPM Newpeak Metals 0.018 38% 3297314 $4,186,933 RPG Raptis Group Limited 0.096 37% 88920 $12,273,970 ICG Inca Minerals Ltd 0.009 29% 6858992 $11,034,730 SRL Sunrise 0.835 28% 593941 $58,647,874 MEM Memphasys Ltd 0.005 25% 100000 $7,934,392 SKK Stakk Limited 0.005 25% 456000 $8,300,319 VRC Volt Resources Ltd 0.005 25% 100000 $18,739,112 L1M Lightning Minerals 0.065 23% 667410 $5,476,401 EXT Excite Technology 0.011 22% 16885819 $18,653,777 BSA BSA Limited 0.085 21% 256246 $5,271,018 AUR Auris Minerals Ltd 0.006 20% 100000 $2,383,130 ICR Intelicare Holdings 0.006 20% 180000 $2,430,941 ATM Aneka Tambang 0.995 20% 2360 $1,082,029 LOC Locatetechnologies 0.125 19% 2555462 $24,006,852 NUC Nuchev Limited 0.225 18% 20000 $27,804,468 CR3 Core Energy Minerals 0.013 18% 357411 $4,343,319 Making news… Simble Solutions (ASX:SIS) is raising $527k to grow its sustainability software business, locking in $500k from a placement. It will use the funds for working capital and stash $200k in Bittensor (TAO), a decentralised AI crypto, to earn staking rewards and support its long-term strategy. Faldi Ismail steps in as non-exec chair, bringing 20+ years in deals, listings and capital markets. archTIS (ASX:AR9) has cracked into the UK defence market, locking in a three-year contract worth $263k with the UK arm of a global aerospace giant. The deal covers 400 NC Protect licences to help meet strict UK Ministry of Defence data security rules in Microsoft 365. This follows a recent win with the US Department of Defense. European Lithium (ASX:EUR) says Critical Minerals Group (ASX:CMG), which it owns 63% of, has landed a non-binding US$120m Letter of Interest from the US EXIM Bank to help develop the Tanbreez rare earths project in Greenland. The funding, if finalised, would be non-dilutive and run over 15 years. If it goes ahead, EUR said the package would support one of the world's largest rare earth deposits and boost Western supply chains. Check out Stockhead's Break it Down for more. NewPeak Metals (ASX:NPM) says Lakes Blue Energy, in which it holds a 16.3% stake, is raising $6.5 million at $0.75/share through a fully underwritten placement ahead of its planned ASX relisting around June 24. The funds will help kick off drilling of the Wombat-5 well in the Gippsland Basin, targeting up to 10 terajoules a day from a 1.5km lateral. The Victorian government has given consent to drill, pending rehab bond payments, with spudding expected the week of July 21. Lithium Universe (ASX:LU7) has secured global rights to a new microwave-based tech from Macquarie University that makes recycling solar panels cleaner and more efficient. It's raising $1.7m to back the move, with solar waste set to hit 78 million tonnes by 2050, and most panels still ending up in landfill. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Security Name Last % Change Volume Market Cap ICU Investor Centre Ltd 0.001 -67% 70753 $913,534 BGE Bridgesaaslimited 0.012 -33% 374751 $3,597,466 AQX Alice Queen Ltd 0.003 -25% 130586 $4,998,560 CTN Catalina Resources 0.003 -25% 6593391 $9,704,076 HLX Helix Resources 0.0015 -25% 600000 $6,728,387 SRN Surefire Rescs NL 0.0015 -25% 912548 $4,972,891 AAU Antilles Gold Ltd 0.004 -20% 83000 $11,656,840 FIN FIN Resources Ltd 0.004 -20% 800001 $3,474,442 MEL Metgasco Ltd 0.002 -20% 639149 $4,267,210 OMG OMG Group Limited 0.004 -20% 2780701 $3,641,474 OVT Ovanti Limited 0.002 -20% 141369 $7,513,788 PRM Prominence Energy 0.004 -20% 6575087 $1,945,882 TMX Terrain Minerals 0.002 -20% 2139672 $5,621,392 ICE Icetana Limited 0.06 -19% 5845692 $39,355,118 GRL Godolphin Resources 0.009 -18% 3760759 $4,937,606 JNO Juno 0.027 -18% 16127 $6,904,823 CLG Close Loop 0.025 -17% 9821323 $15,955,496 SCP Scalare Partners 0.1 -17% 32004 $5,020,203 AZL Arizona Lithium Ltd 0.005 -17% 12603369 $31,621,887 MAT Matsa Resources 0.059 -16% 2799649 $51,334,350 HAR Harangaresources 0.058 -15% 2370636 $7,758,747 RMY RMA Global 0.029 -15% 40700 $22,587,276 WTM Waratah Minerals Ltd 0.28 -15% 2492569 $76,475,267 HYD Hydrix Limited 0.012 -14% 246158 $3,818,764 LEG Legend Mining 0.006 -14% 2888749 $20,380,340 IN CASE YOU MISSED IT Nordic Resources' (ASX:NNL) data review indicates there's more gold mineralisation than meets the eye at Hirsikangas as the company prepares for a JORC resource estimate. An expanded three-rig campaign at Waratah Minerals' (ASX:WTM) Spur project has confirmed extensions to known gold mineralisation at the Spur Gold Corridor. Brookside Energy (ASX:BRK) has flagged two newly emerging sub-plays within its SWISH Area of Interest in Oklahoma's Anadarko Basin. Personalised audio tech provider Audeara (ASX:AUA) has delivered record revenue exceeding $3.64 million for the 11 months to end of May FY25. iTech Minerals (ASX:ITM) has identified gold and antimony in data from historical drilling and rock chips at Falchion prospect of its Reynolds Range project in the NT. Firetail Resources (ASX:FTL) has defined an 800m strike trend of copper volcanogenic massive sulphide -style mineralisation at Earl's Target within its Skyline copper project in Newfoundland, Canada. Lumos Diagnostics (ASX:LDX) has treated its 500th patient in a CLIA waiver study for FebriDx, a move making it more accessible by clinicians. TRADING HALTS Adveritas (ASX:AV1) – cap raise Cygnus Metals (ASX:CY5) – cap raise Lode Resources (ASX:LDR) – correction of Webbs Consol announcement Odyssey Gold (ASX:ODY) – cap raise Riedel Resources (ASX:RIE) – cap raise LAST ORDERS EBR Systems (ASX:EBR) has accepted applications for a total of $20m under a heavily oversubscribed security purchase plan, raising a total of $75.9m after a recent $55.9m placement. The funds will support a ramp up of commercial efforts for EBR's novel WiSE system, the world's only wireless, endocardial (inside the heart) pacing system in clinical use for stimulating the heart's left ventricle. At Stockhead, we tell it like it is. While EBR Systems, Lithium Universe and European Lithium are Stockhead advertisers, they did not sponsor this article.
News.com.au
06-05-2025
- Business
- News.com.au
Closing Bell: Gold shines bright despite minor market dip
ASX Gold Index leads gains, up more than 4pc Energy sector in the green despite 2pc oil price fall Tech index bucks Nasdaq's trend to rise 0.8pc It's been a rollercoaster of a day on the ASX, with the bourse swinging wildly up and down throughout the day before settling marginally down, dipping 0.08%. Despite falls in oil and iron ore prices overnight, a 2.5% uptick in the gold price made waves. Perhaps our market had already priced-in the current oil outlook, because Energy stocks are up today, gaining almost a full percentage point alongside the Materials sector. The indices are certainly telling a story – the ASX All Ords Gold index has climbed more than 4.3%, the Small Ords (which is very resources heavy) more than 1% and the ASX200 Resources index tipped up 0.69%. That's given plenty of fuel for gold stocks to rise. Leaving small caps aside for now, Pantoro Gold (ASX:PNR) gained 11.83%, Resolute Mining (ASX:RSG) 10.4%, Larvotto Resources (ASX:LRV) 10.19%, Ora Banda Mining (ASX:OBM) 6.47%, Black Cat Syndicate (ASX:BC8) 7.14% and Ramelius Resources (ASX:RMS) 6.87%. In fact, the gold miners were so dominant today they didn't leave a lot of room for other stocks to take the spotlight. Notable exceptions are immunotherapy biotech Immutep (ASX:IMM) which gained 9%, automotive stock Autosports Group (ASX:ASG) up 9.76%, gambling giant Tabcorp Holdings (ASX:TAH) which lifted 9.2% alongside the Star Group's (ASX:SGR) 9.52% gain, and technology large cap NextDC (ASX:NXT) up 8.14%. Overall, the market has taken a minor loss, with seven sectors in the green and four in the red. The Healthcare sector weighed heavily on the bourse, down 1.86%. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Description Last % Volume MktCap DTR Dateline Resources 0.035 59% 2.1E+08 $60,842,510 BP8 Bph Global Ltd 0.003 50% 190000 $2,101,969 AZL Arizona Lithium Ltd 0.01 43% 51496080 $31,932,702 AN1 Anagenics Limited 0.008 33% 1449899 $2,977,922 VEN Vintage Energy 0.004 33% 1062981 $5,697,666 AEV Avenira Limited 0.009 29% 7383898 $22,243,508 BGE Bridgesaaslimited 0.019 27% 32000 $2,997,888 WTM Waratah Minerals Ltd 0.295 26% 5747597 $47,717,729 GCM Green Critical Min 0.015 25% 27338485 $23,540,140 NPM Newpeak Metals 0.015 25% 260838 $3,864,861 GES Genesis Resources 0.01 25% 42000 $6,262,730 IPB IPB Petroleum Ltd 0.005 25% 1042715 $2,825,612 RML Resolution Minerals 0.01 25% 2877525 $4,206,295 WCN White Cliff Min Ltd 0.0285 24% 2.79E+08 $43,595,827 PHO Phosco Ltd 0.07 23% 20527 $16,301,552 GRV Greenvale Energy Ltd 0.054 23% 254320 $23,952,427 PRS Prospech Limited 0.027 23% 59377 $7,234,170 EQX Equatorial Res Ltd 0.14 22% 533211 $15,116,216 LKY Locksleyresources 0.028 22% 5761797 $3,373,333 S66 Star Combo 0.14 22% 1500 $15,534,543 REC Rechargemetals 0.017 21% 262117 $3,597,860 SMM Somerset Minerals 0.017 21% 21798832 $5,918,271 YRL Yandal Resources 0.17 21% 410253 $43,292,897 HIQ Hitiq Limited 0.03 20% 1907479 $9,189,061 1AI Algorae Pharma 0.006 20% 727214 $8,436,974 Making news… White Cliff Minerals (ASX:WCN) has hit a very promising copper intercept at its Danvers project in Canada, drilling 175m at 2.5% copper from just 7.6m down. The hole ended in even higher grades, still open at depth. The company says it's one of the best copper hits globally in decades, and is planning more drilling to chase it further. More assays are on the way, with a maiden JORC resource in the works. Waratah Minerals (ASX:WTM) fronted the RIU Resources Conference with a cracking pitch on its gold-copper hunt in NSW's Lachlan Fold Belt, one of Australia's hottest mineral districts. It's sitting on a big district-scale land position at its Spur project, 100% owned, right near majors like Newmont and Gold Fields, with solid hits already in the bag including 11m at 10.8g/t gold and nearly 200m at 0.54% copper equivalent. Waratah reckons it's only just getting started in what's shaping up to be a prime gold-copper postcode. Somerset Minerals (ASX:SMM) has just wrapped up the acquisition of the high-grade Coppermine Project in Nunavut, right next door to White Cliff's monster copper hit at Danvers. It now controls a massive 1,200km² landholding packed with historical copper finds, including grades up to 45.4% copper, and is gearing up to launch its maiden drill campaign in just a couple of weeks. Early targets at Coronation are looking juicy, the company said, with reprocessed geophysics lighting up multiple anomalies, and old drill holes that ended in mineralisation. Green Critical Minerals (ASX:GCM) is enjoying increased offtake attention around its very high density graphite technology, including formal requests for product samples from a leading European and UK based thermal management solutions provider. The company says the uptick in attention is a validation of their product's commercial potential, aligning with market needs in electronics, defence, and high-efficiency manufacturing sectors. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Code Name Price % Change Volume Market Cap DTR Dateline Resources 0.035 59% 2.1E+08 $60,842,510 BP8 Bph Global Ltd 0.003 50% 190000 $2,101,969 AZL Arizona Lithium Ltd 0.01 43% 51496080 $31,932,702 AN1 Anagenics Limited 0.008 33% 1449899 $2,977,922 VEN Vintage Energy 0.004 33% 1062981 $5,697,666 AEV Avenira Limited 0.009 29% 7383898 $22,243,508 BGE Bridgesaaslimited 0.019 27% 32000 $2,997,888 WTM Waratah Minerals Ltd 0.295 26% 5747597 $47,717,729 GCM Green Critical Min 0.015 25% 27338485 $23,540,140 NPM Newpeak Metals 0.015 25% 260838 $3,864,861 GES Genesis Resources 0.01 25% 42000 $6,262,730 IPB IPB Petroleum Ltd 0.005 25% 1042715 $2,825,612 RML Resolution Minerals 0.01 25% 2877525 $4,206,295 WCN White Cliff Min Ltd 0.0285 24% 2.79E+08 $43,595,827 PHO Phosco Ltd 0.07 23% 20527 $16,301,552 GRV Greenvale Energy Ltd 0.054 23% 254320 $23,952,427 PRS Prospech Limited 0.027 23% 59377 $7,234,170 EQX Equatorial Res Ltd 0.14 22% 533211 $15,116,216 LKY Locksleyresources 0.028 22% 5761797 $3,373,333 S66 Star Combo 0.14 22% 1500 $15,534,543 REC Rechargemetals 0.017 21% 262117 $3,597,860 SMM Somerset Minerals 0.017 21% 21798832 $5,918,271 YRL Yandal Resources 0.17 21% 410253 $43,292,897 HIQ Hitiq Limited 0.03 20% 1907479 $9,189,061 1AI Algorae Pharma 0.006 20% 727214 $8,436,974 IN CASE YOU MISSED IT EZZ Life Sciences Holdings (ASX:EZZ) will pay a fully franked share dividend, amounting to $0.020 per share. The ex-dividend date is May 16, 2025 and the payment date June 17, 2025. The genomic life science company says it is investing in the future of consumer health through the development of e-commerce and distribution of high-quality products. TRADING HALTS Adelong Gold (ASX:ADG) – cap raise Echo IQ (ASX:EIQ) – cap raise At Stockhead, we tell it like it is. While EZZ Life Sciences, Ora Banda Mining, Green Critical Minerals and White Cliff Minerals are Stockhead advertisers, they did not sponsor this article.
Yahoo
06-05-2025
- Business
- Yahoo
Loss-Making Pantoro Gold Limited (ASX:PNR) Set To Breakeven
We feel now is a pretty good time to analyse Pantoro Gold Limited's () business as it appears the company may be on the cusp of a considerable accomplishment. Pantoro Gold Limited, together with its subsidiaries, engages in the gold mining, processing, and exploration activities in Western Australia. With the latest financial year loss of AU$49m and a trailing-twelve-month loss of AU$27m, the AU$1.1b market-cap company alleviated its loss by moving closer towards its target of breakeven. The most pressing concern for investors is Pantoro Gold's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. According to the 4 industry analysts covering Pantoro Gold, the consensus is that breakeven is near. They expect the company to post a final loss in 2024, before turning a profit of AU$91m in 2025. Therefore, the company is expected to breakeven roughly 12 months from now or less. We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. It turns out an average annual growth rate of 57% is expected, which signals high confidence from analysts. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. Underlying developments driving Pantoro Gold's growth isn't the focus of this broad overview, but, bear in mind that by and large metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments. View our latest analysis for Pantoro Gold One thing we'd like to point out is that The company has managed its capital judiciously, with debt making up 3.4% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. There are too many aspects of Pantoro Gold to cover in one brief article, but the key fundamentals for the company can all be found in one place – Pantoro Gold's company page on Simply Wall St. We've also put together a list of important factors you should look at: Valuation: What is Pantoro Gold worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Pantoro Gold is currently mispriced by the market. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Pantoro Gold's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
