The ASX is down -0.3% today with the information technology sector taking the cake for the biggest dip at ~3%, followed by the healthcare sector at more than 1.5%. The ASX Emerging Companies Index (XEC) has flatlined.

For the second day in a row the energy sector has been the biggest winner, with companies such as Invictus (ASX:IVS) making headway on its two-well drill program at the 80% owned and operated Cabora Bassa gas condensate project in Zimbabwe. ADX Energy (ASX:ADX) also announced the discovery of an oil zone at its primary Anshof-3 Well target in Upper Austria.

 

TODAYS BIGGEST WINNERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

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CODE COMPANY PRICE % VOLUME
WOO Wooboard Tech Ltd 0.0015 50% 100,005
CAU Cronos Australia 0.325 41% 905,711
XTC Xantippe Res Ltd 0.007 40% 82,254,238
WCN White Cliff Min Ltd 0.021 35% 21,518,597
BAS Bass Oil Ltd 0.002 33% 1,567,348
CLE Cyclone Metals 0.004 33% 6,040,000
MLS Metals Australia 0.002 33% 9,100,752
NPM Newpeak Metals 0.002 33% 1,772,720
PCL Pancontinental Energ 0.002 33% 39,065,168
WLD Wellard Limited 0.12 32% 2,150,165
CPM Coopermetalslimited 0.28 27% 1,959,481
JAV Javelin Minerals Ltd 0.0025 25% 5,550,040
JRL Jindalee Resources 2.85 24% 131,049
CRR Critical Resources 0.05 22% 24,462,046
BRN Brainchip Ltd 0.955 22% 43,018,752
ATU Atrum Coal Ltd 0.035 17% 912,072
CDT Castle Minerals 0.042 17% 32,078,219
RHT Resonance Health 0.175 17% 3,255,273
CAD Caeneus Minerals 0.014 17% 1,732,483
GGX Gas2Grid Limited 0.0035 17% 5,528,715
MTM Mtmongerresources 0.155 15% 15,000
88E 88 Energy Ltd 0.031 15% 236,814,978
PNM Pacific Nickel Mines 0.094 15% 410,610
BEZ Besragoldinc 0.11 15% 64,406
AO1 Assetowl Limited 0.004 14% 2,991,284

 

Agribusiness Wellard (ASX:WLD) surged after announcing that it had resolved its arbitration proceedings in London against the Croatian Bank for Reconstruction and Development. Wellard is now entitled to receive payments plus interest amounting to approximately US$ 12m within 14 days.

Critical Resources’ (ASX:CRR) shares climbed on the back of its announcement that the acquisition of the Mavis Lake Lithium Project in Ontario, Canada has been completed.

Intersections of up to 55.25m at 1.04% lithium from 80.75m in drill hole MF18-53 and 26.3m at 1.70% lithium from 111.9m including 7.70m at 2.97% lithium from 130.5m have been previously returned – presenting what the company has described as “excellent potential”.

Pacific Nickel Mines (ASX:PNM) has shot up with an early update on its works program to advance the Kolosori Nickel Project in the Solomon Islands, while enterprise property management platform AssetOwl (ASX:AO1) revealed Harris Real Estate has signed a customer licence to trial AssetOwl’s Pirsee platform – enabling the creation of virtual tours with the Insta360 panoramic camera.

 

TODAYS BIGGEST LOSERS

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CODE COMPANY PRICE % VOLUME
CGB Cann Global Limited 0.002 -33% 8,174,670
EN1 Engage:Bdr Limited 0.002 -33% 1,149,575
ROO Roots Sustainable 0.005 -17% 927,517
SIT Site Group Int Ltd 0.005 -17% 1,000,001
YPB YPB Group Ltd 0.0025 -17% 13,106,967
BXN Bioxyne Ltd 0.025 -14% 285,502
XRG Xreality Group Ltd 0.062 -13% 4,308,715
TMX Terrain Minerals 0.007 -13% 500,000
MRL Mayur Resources Ltd 0.195 -11% 22,159
FGL Frugl Group Limited 0.02 -11% 35,100
BUY Bounty Oil & Gas NL 0.008 -11% 16,861,172
SIH Sihayo Gold Limited 0.008 -11% 322,222
CNB Carnaby Resource Ltd 1.405 -10% 2,917,253
KZR Kalamazoo Resources 0.355 -10% 293,912
FAU First Au Ltd 0.009 -10% 91,080
OZZ OZZ Resources 0.115 -10% 30,508
SNS Sensen Networks Ltd 0.14 -10% 702,574
EGL Environmental Group 0.3075 -10% 1,022,997
PWN Parkway Corp Ltd 0.0095 -10% 99,623
MRR Minrex Resources Ltd 0.057 -10% 29,480,396
AVW Avira Resources Ltd 0.005 -9% 1,450,000
TTM Titan Minerals 0.1 -9% 2,278,282
MRC Mineral Commodities 0.105 -9% 531,976
AGS Alliance Resources 0.16 -9% 65,271
EXR Elixir Energy Ltd 0.165 -8% 3,896,726

 

ANNOUNCEMENTS YOU MAY HAVE MISSED

Clinical-stage drug development company Noxopharm (ASX:NOX) has announced the appointment of Dr Gisela Mautner as its chief executive officer starting from February 1, 2022. NOX is in the process of transitioning from an early-stage biotech company into a serious bio-pharma company.

Troy Resources (ASX:TRY) has entered into a series of agreements that it says will, if approved by shareholders, achieve a recapitalisation of the company. It is engaging with the ASX to satisfy requirements for the recommencement of trading.

Human resources tech company Xref (ASX:XF1) says it has reported another strong trading performance during the second quarter of the company’s 2022 financial year on the back of a 71% growth in sales and $0.2m cash surplus.

Meeka Gold (ASX:MEK) has intersected a broad zone of mineralisation at its Turnberry South project with hits of up to 13m at 2.18 g/t from 219m, including 4m at 3.87% g/t gold while mining services provider Decmil Group (ASX:DCG) has received government infrastructure contracts worth $27.8m.