The ASX started flat and closed flat as local markets struggled for direction in Thursday trade.

By flat we mean almost literally, as the ASX 200 closed 0.02% higher on the day.

Modest gains in financials and tech stocks were offset by the ASX 200 Energy index, which has cooled off a bit this week after running hot over the past month.

There were few major catalysts in Asian trade, although embattled Chinese property developer Evergrande recommenced trading in Hong Kong following a two-week suspension.

Shares in Evergrande promptly slumped by over 10%, after the company announced it had been unable to close a deal for the sale of its property services division.


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

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Shares in Centrex Metals (ASX:CXM) mooned higher after its subsidiary Agriflex scored a major phosphate off-take agreement with global fertiliser trading house Samsung C&T.

Subject to a few things (Centrex needs to get project financing locked in), the deal will cover the first three years of production from Agriflex’s planned $78m, 800,000tpa ‘Ardmore’ phosphate project in Queensland. Read more here.

Also at the top of the winner’s list was ASX newbie Lykos Metals (ASX:LYK), which became the latest explorer to post a strong debut after raising $12m from investors at 20c per share.

Lykos will deploy the capital to hunt for minerals at three polymetallic project sites – Sockovac, Sinjakovo, and Cajnice — in Bosnia & Herzegovina.

For the scoop, read Stockhead’s interview with Lykos managing director Mladen Stevanovic here.

And rounding out a strong day for small cap resources, WA-based rare earths explorer PVW Resources (ASX:PVW) ripped higher by more than 50% in afternoon trade on no news.

Shares in PVW have climbed strongly for eight straight days, since the company announced it had picked up rocks containing up to 12.45% total rare earths (TREO) at its ‘Tanami’ project in WA.

There were also plenty of wins across the tech sector in Thursday trade as Dropsuite (ASX:DSE), Elmo Software (ASX:ELO) and EP&T Global (ASX:EPX) also posted strong gains on market-moving announcements.


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

Scroll or swipe to reveal table. Click headings to sort.


AML3D (ASX:AL3) sold one of its Arcemy 3D precision welding units to the University of Queensland. The company says the sale will net $400,000 and could potentially lead to future R&D collaboration.

Seek (ASX:SEK) CEO Andrew Bassat sold over $40 million in shares in a trade the company said was to fund investment into Seek’s growth fund. The company said he remained a long term shareholder still owning over $400 million in shares.

Restaurant Brands (ASX:RBD) reported its quarterly results in which it made $243.6 million, an increase of 1.6%. While the company was hit by lockdowns in New Zealand, its stores in California fully offset those losses.

A2 Milk (ASX:A2M) commented on a second class action being launched against the company alleging breaches in disclosure obligations. The company said it had complied and would vigorously defend any proceedings.

Avecho (ASX:AVE) announced a collaboration with cannabinoid therapeutics research group the Lambert Initiative. The pair obtained ethics approval for a study to examine the use of a topical CBD gel for the management of pain associated with arthritis of the hand.



Lithium Australia (ASX:LIT) – collection and supply contract
Thomson Resources (ASX:TMZ) – capital raising
De Grey Mining (ASX:DEG) – capital raising
Ambertech (ASX:AMO) – capital raising
Top Shelf Holdings (ASX:TSI) – capital raising
ALE Property Group (ASX:LEP) – court judgement


Avenira (ASX:AEV) – price and volume query
Moho Resources (ASX:MOH) – capital raising and acquisition
Critical Resources (ASX:CRR) – capital raising
Sprintex (ASX:SIX) – procurement and co-operation agreement
Flexiroam (ASX:FRX) – capital raising
Japara Healthcare (ASX:JHC) – change of control decision