Closing Bell: ASX edges higher, Zoom2U up 115pc on debut

The ASX regained some lost ground from yesterday’s bloodbath, but closed this week lower than what it began.

The ASX 200 gained 0.5% to close at 7,407 points while the ASX Emerging Companies Index rose 2.45% to close at 2,469.

Most sectors finished on top with resources the biggest winner gaining 1.65%. The biggest laggard was health which retreated 0.73%.

The ASX was broadly in line with its Asia-Pacific neighbours but better than Wall St, which retreated overnight as investors grapple with the central bank’s cautious moves to end COVID-19 stimulus measures.

TODAY’S BIGGEST WINNERS

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Code	Company	Price	%	Volume
Z2U	Zoom2Utechnologies	0.43	115	25376448
WFL	Wellfully Limited	0.155	41	5146120
BAS	Bass Oil Ltd	0.002	33	2840920
CVS	Cervantes Corp Ltd	0.008	33	12771026
NXM	Nexus Minerals Ltd	0.3	33	14001950
MRL	Mayur Resources Ltd	0.25	32	602640
BNR	Bulletin Res Ltd	0.089	31	18950694
GGE	Grand Gulf Energy	0.034	31	6066403
TEM	Tempest Minerals	0.027	29	11415532
RAP	Resapp Health Ltd	0.074	28	22555047
MIO	Macarthur Minerals	0.62	27	493385
LNY	Laneway Res Ltd	0.005	25	5387855
VVA	Viva Leisure Limited	2.02	23	598004
GTR	Gti Resources	0.032	23	29644145
RXH	Rewardle Holding Ltd	0.016	23	299967
EL8	Elevate Uranium Ltd	0.59	23	3488260
RIE	Riedel Resources Ltd	0.017	21	2992271
KNI	Kunikolimited	2.53	21	8729310
FTZ	Fertoz Ltd	0.44	21	2706799
EMP	Emperor Energy Ltd	0.056	19	8697713
PRX	Prodigy Gold NL	0.044	19	53118316
SRJ	SRJ Technologies	0.255	19	24311
SHH	Shree Minerals Ltd	0.013	18	5488308

Topping the charts was Zoom2U Technologies (ASX:Z2U) which rose 115% on its ASX debut. You can read more here.

Bulletin Resources (ASX:BNR) — one of several ASX-listed goldies to diversify into lithium exploration — gained after telling shareholders a review of old exploration data has uncovered “multiple exploration opportunities” at the ‘Ravensthorpe’ lithium project which lies 12km from Galaxy Resources’ (ASX:GXY) Mt Cattlin operation.

TODAY’S BIGGEST LOSERS

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Code	Company	Price	%	Volume
VIC	Victory Mines Ltd	0.001	-50	6617527
ECG	Ecargo Hldg	0.025	-24	25000
ADR	Adherium Ltd	0.019	-17	72622583
OVT	Ovato Limited	0.0025	-17	3956
TSC	Twenty Seven Co. Ltd	0.003	-14	3000000
INP	Incentiapay Ltd	0.027	-13	204915
BSE	Base Res Limited	0.275	-13	2796340
TMS	Tennant	0.021	-13	213542
EPN	Epsilon Healthcare	0.145	-12	1106393
HMI	Hiremii	0.08	-11	86400
MPA	Mad Paws	0.16	-11	1316773
PAK	Pacific American Hld	0.017	-11	2447813
A1G	African Gold Ltd.	0.315	-10	534527
HRN	Horizon Gold Ltd	0.36	-10	2000
PGD	Peregrine Gold	0.36	-10	58439
DXN	DXN Limited	0.009	-10	534444
SIH	Sihayo Gold Limited	0.009	-10	553412
TMK	Tamaska Oil Gas Ltd	0.009	-10	1050000
MRC	Mineral Commodities	0.145	-9	1123622
OZM	Ozaurum Resources	0.145	-9	111504
ECT	Env Clean Tech Ltd.	0.01	-9	547054
TZL	TZ Limited	0.1	-9	4356
DMC	Design Milk Co Ltd	0.36	-9	1600

ANNOUNCEMENTS YOU MAY’VE MISSED

New Zealand Oil and Gas (ASX:NZO) received approval from the NT government to buy the Amadeus Basin Assets from Central Petroleum. While the transaction is still yet to be confirmed this was was a key condition precedent of the transaction.

A month since Iress (ASX:IRE) gave EQT a 30 day period of due diligence on a potential acquisition, it has granted it an additional 10 days. The terms are otherwise unchanged but IRESS reiterated to shareholders not to take action at this stage.

Renu Energy (ASX:RNU) signed a deal with renewable energy tracing company Enosi to invest $500,000. Enosi has a trading and tracing solution providing energy tracing revealing the true renewable content of energy supplied to households and the investment is expected to be complete by the end of November.

Forbidden Foods (ASX:FFF) is forking out $4 million to acquire plant-based snack bar company Blue Dinosaur. The company says it will extend its presence in the plant based food market.

And Imdex (ASX:IMD) announced it was spending $20 million all up (in cash and shares) to acquire MinePortal. MinePortal is a cloud application enabling geological data modelling and real-time 3D visualisation.