The ASX has emerged from last week’s sea of red to close in the green today.

The ASX 200 closed 0.39% higher at 7,490 points while the recently under siege ASX Emerging Companies Index gained 2.36% to close at 2,239.

Most sectors closed higher with the best sector being tech, which rose 1.68%. The worst was consumer staples which fell 0.42%.

 

TODAY’S BIGGEST WINNERS

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Topping the charts was nickel-copper play Azure Minerals (ASX:AZS), which announced the size of its Andover project — a potential company-maker — had gotten bigger.

Also in resources, WA gold explorer Nexus Minerals (ASX:NXM) unveiled more high grade gold hits at the ‘Wallbrook’ project in WA.

IDT Australia (ASX:IDT), a company that has put its hands up to help produce mRNA COVID-19 vaccines updated shareholders on its efforts. It says it signed a Sterile Readiness Agreement with the Department of Health to bring it in a state of readiness to produce the vaccine.

New Zealand fuel distributor Z Energy (ASX:ZEL) announced it was being acquired by Ampol (ASX:ALD).

 

TODAY’S BIGGEST LOSERS

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Magnum Mining and Resources (ASX:MGU) dropped after a company update.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

BNPL company Sezzle (ASX:SZL) filed a registration for a proposed US IPO. The company said it expects the listing to occur after the SEC reviews the filing but has not yet determined the number of shares to be offered or the raise price.

Logistics software company Yojee (ASX:YOJ) signed Singaporean-based company CEVA Logistics as a client. CEVA is a Top 10 logistics group and is expected to deploy Yojee’s solution by the month’s end.

Oil Search (ASX:OSH) said it intends to re-engage with the PNG government over the P’nyang [sic] gas project. PNG’s minister for petroleum said an agreement could be reached in the coming weeks.

Takeover target Huon (ASX:HUO) commented on Andrew Forrest buying a stake and indicating it would not support the bid from JBS. The company said it would “not be distracted by external noise”, and that while it was working on a report to shareholders for the purposes of voting on the JBS proposal, would entertain alternate offers on their own merits from a shareholder value perspective.

The ASX has warned over two dozen companies they risk being delisted at this week’s end if they don’t pay their listing fees by then. The list includes several companies trying to recapitalise including Sky and Space Global (ASX:SAS) and Wellness & Beauty Solutions (ASX:WNB).

 

TRADING HALTS

Tuesday

Beacon Minerals (ASX:BCN) – acquisition
BlackEarth Minerals (ASX:BEM) – exploration results
Torrens Mining (ASX:TRN) – assay results
Hyperion Metals (ASX:HYM) – capital raising
Coda Minerals (ASX:COD) – assay results
Australian Vanadium (ASX:AVL) – capital raising
Lithium Power International (ASX:LPI) – capital raising

Wednesday

Range International (ASX:RAN) – capital raising
Bigtincan (ASX:BTH) – capital raising
Virtus Health (ASX:VRT) – acquisition and capital raising
Kyckr (ASX:KYK) – capital raising
Althea (ASX:AGH) – capital raising
1300 Smiles (ASX:ONT) – potential change of control transaction

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