Closing Bell: ASX closes the week 1.4pc higher, led by uranium

The ASX closed the week on a positive note, gaining 0.50% to close 1.4% higher than last week.

The ASX 200 closed at 7,523 while the ASX Emerging Companies Index rose 2.09% to close at 2,431.

Most sectors closed positive with materials the best sector gaining 1.17% while tech was the only major laggard, retreating 0.76%.

TODAY’S BIGGEST WINNERS

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Code	Company	Price	%	Volume
NPM	Newpeak Metals	0.002	100	11260316
BMR	Ballymore Resources	0.34	70	6933039
92E	92Energy	0.51	65	21968331
WOO	Wooboard Tech Ltd	0.0015	50	3171761
GES	Genesis Resources	0.016	45	7083099
GGE	Grand Gulf Energy	0.024	41	18510922
POW	Protean Energy Ltd	0.011	38	8711727
VAL	Valor Resources Ltd	0.015	36	166925838
DLC	Delecta Limited	0.008	33	87821194
SIX	Sprintex Ltd	0.081	31	585053
TIG	Tigers Realm Coal	0.015	25	9096661
T3D	333D Limited	0.0025	25	540657
VIC	Victory Mines Ltd	0.0025	25	1572351
PDN	Paladin Energy Ltd	0.78	24	98983930
ZEU	Zeus Resources Ltd	0.089	24	1426158
CXU	Cauldron Energy Ltd	0.037	23	3476111
ADV	Ardiden Ltd	0.016	23	45153805
GLA	Gladiator Resources	0.032	23	14899941
VMY	Vimy Resources Ltd	0.16	23	25181098
CTT	Cettire	3.17	22	3556092
MNB	Minbos Resources Ltd	0.14	22	5648046
LAM	Laramide Res Ltd	0.665	21	78850
N1H	N1 Holdings Ltd	0.12	20	28286

ASX investors woke this morning to news that the spot uranium price went above US$37/lb for the first time in six years.

Literally all of the ASX’s uranium stocks gained with the best being 92Energy (ASX:92E) which gained over 60%.

Ballymore Resources (ASX:BMR), a Queensland focused gold and base metals exploration company, rose 75% on its ASX debut.

TODAY’S BIGGEST LOSERS

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Code	Company	Price	%	Volume
TTA	TTA Holdings Ltd	0.048	-21	2141559
ARO	Astro Resources NL	0.004	-20	385115
ACP	Audalia Res Ltd	0.014	-18	80645
AEI	Aeris Environmental	0.125	-17	448164
FFT	Future First Tech	0.051	-15	379984
CLT	Cellnet Group	0.055	-14	2817277
IVT	Inventis Limited	0.13	-13	62982
RIE	Riedel Resources Ltd	0.013	-13	378527
RXH	Rewardle Holding Ltd	0.014	-13	21888
KMT	Kopore Metals Ltd	0.021	-13	868800
AFR	African Energy Res	0.036	-12	1277469
PAL	Palla Pharma Ltd	0.26	-12	606631
LDR	Lode Resources	0.115	-12	125000
S2R	S2 Resources	0.12	-11	281531
CZR	CZR Resources Ltd	0.008	-11	44348951
NWE	Norwest Energy NL	0.008	-11	29953707
PNM	Pacific Nickel Mines	0.066	-11	699790
BFC	Beston Global Ltd	0.083	-11	3335288
SRJ	SRJ Technologies	0.25	-11	212957
MRZ	Mont Royal Resources	0.295	-11	2154054
TDO	3D Oil Limited	0.051	-11	140919
SAN	Sagalio Energy Ltd	0.017	-11	366844

CZR Resources (ASX: CZR) announced 4 directors quit after the board was unable to reach a consensus on development opportunities for the Robe Mesa Iron ore project.

Cellnet (ASX:CLT) told shareholders Optus would not be renewing a mobile accessories supply agreement between the pair.

ANNOUNCEMENTS YOU MAY HAVE MISSED

Nearly a month since Glencore bought 9.99% of Chile-focused gold-copper explorer Hot Chili (ASX:HCH), Glencore appointed Mark Jamieson to the board. Jamieson is currently general manager of resource engineering for Glencore’s global copper asset group.

DC Two (ASX:DC2) announced its data centre in Western Melbourne advanced into the next stage of commercialisation with its project partner buying an individual unit for $482,396. The company said while selling individual units was not currently a corporate priority, the company would look into the commercial viability of this potential revenue stream.

BCAL Diagnostics (ASX:BDX) announced it had begun collecting samples for the first stage of its Australian clinical program. The company will use the samples to evaluate the potential of its blood-based test to detect breast cancer.

Neuren Pharmaceuticals’ (ASX:NEU) NNZ-2591 drug was granted Orphan Drug designation by the FDA for the treatment of Prader-Willi Syndrome. Orphan Drug designation gives the company – among other benefits – 7 years of marketing exclusivity as well as a waiver of the prescription drug user fee for a marketing application.

Engineering firm CIMIC (ASX:CIM) announced its subsidiary UGL was granted two contract extensions for planning, maintenance and shutdown services for the oil and gas sector in WA. CIMIC says these deals would generate revenues of approximately $160 million.