Another red day for the ASX to close out the week.

The ASX 200 closed 0.05% down from yesterday at 7,461 points, 2.2% lower than a week ago. The ASX Emerging Companies Index meanwhile dropped 2.09%, closing at 2,187 points which is over 5% lower than last Friday’s close.

Resources was again the biggest laggard, dropping 1%. Most other sectors gained, particularly utilities, which was up 1.49% and consumer staples which gained 1.2%.

TODAY’S BIGGEST WINNERS

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Iceni Gold (ASX:ICL) rose after a $2 million capital raising in spite of not naming the relevant party who opted to pay a premium and will own 4.5% of shares on issue.

Linius Technology (ASX:LNU) climbed after the University of Newcastle signed a three year deal to use its Whizzard product.

Nagambie Resources (ASX:NAG) obtained permission to build a gold toll treatment plant at its mothballed project in Victoria.

Among stocks without news one was Redbubble (ASX:RBL) which initially dropped after its results first thing Thursday but is now over 35% higher since then.

 

TODAY’S BIGGEST LOSERS

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Quantum computing aspirant Archer Materials (ASX:AXE) fell on media allegations that it did not tell shareholders about objections raised by IP Australia about its CQ Quantum computer chip patent. This was despite the company releasing a statement denying the allegations and clarifying the situation.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Due to the New Zealand lockdown extension, Skycity (ASX:SKC) announced its casinos in Auckland, Hamilton and Queenstown would remain closed. However its said its hotels at those properties remained open for essential travellers and its entire Adelaide facility was currently open.

Austin Engineering (ASX:ANG) is expanding its North American operations into Canada. It secured a long-term lease agreement for a manufacturing base in Fort McMurray, Alberta and expects operations to commence in November.

3 months after coming out of voluntary administration, industrial pipemaker Tubi (ASX:2BE) hired PKF Corporate Finance to assist it with a potential divestment of assets. Meanwhile its American business, unaffected by the Australian business, signed a supply agreement with phosphate grower Mosaic Fertilizer.

Speaking of suspended ASX companies seeking re-entry, lithium stock Altura Mining (ASX:AJM) told shareholders it signed a letter of intent to start an earn-in period at the Fish Lake Valley project at Nevada. It also told shareholders it had begun to make the case to the ASX for re-entry and is engaging bankers to help it raise finance to recapitalise.

Bevan Slattery backed HR tech stock intelliHR (ASX:IHR) signed a channel partner agreement with payroll software provider Cintra to sell its software to Cintra’s customers. The company says the deal will expand its potential and has potential Annual Recurring Revenue (ARR) of $8 million.

 

TRADING HALTS

Monday

NeuroScientific Biopharmaceuticals (ASX:NSB) – further information from pulmonary studies
DC Two (ASX:DC2) – commercial agreements
Marquee Resources (ASX:MQR) – capital raising
S2 Resources (ASX:S2R) – capital raising
Aspen Group (ASX:APZ) – capital raising
intelliHR (ASX:IHR) – reseller agreement
Noxopharm (ASX:NOX) – clinical program update

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

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