Closing Bell: ASX shrugs off some sharp falls in uranium stocks to close in the green

The ASX had a positive start to the week, even with a dip in red-hot uranium shares.

The ASX 200 finished 0.57% higher at 7,384 points while the ASX Emerging Companies Index finished 0.13% up at 2,555 points.

Energy and financials were the best sectors, gaining 1.81% and 1.52% respectively, with energy being boosted by the rise in oil prices over the weekend.

Sectors in the red included health and tech which retreated 1.03% and 0.70%.

TODAY’S BIGGEST WINNERS

Scroll or swipe to reveal table. Click headings to sort. Stocks highlighted in yellow rose after making announcements during the trading day.

Code	Company	Price	%	Volume
NTL	New Talisman Gold	0.002	100	7291590
CCE	Carnegie Cln Energy	0.003	50	5720830
RRR	Revolverresources	0.46	48	11039115
OAK	Oakridge	0.002	33	1109967
TMK	Tamaska Oil Gas Ltd	0.012	33	15494418
BAS	Bass Oil Ltd	0.0025	25	30342605
PPY	Papyrus Australia	0.047	21	5250670
AO1	Assetowl Limited	0.006	20	155000
RBR	RBR Group Ltd	0.006	20	1030125
RBX	Resource B	0.245	20	12725693
BMR	Ballymore Resources	0.26	18	153330
ARU	Arafura Resource Ltd	0.23	18	41128637
IMC	Immuron Limited	0.165	18	1359434
PTR	Petratherm Ltd	0.06	18	130000
PEB	Pacific Edge	1.54	18	191568
SCI	Silver City Minerals	0.048	17	3820813
ARR	American Rare Earths	0.21	17	6693915
DDD	3D Resources Limited	0.0035	17	2282447
GGX	Gas2Grid Limited	0.0035	17	2054000
TBA	Tombola Gold Ltd	0.044	16	4364033
AJL	AJ Lucas Group	0.037	16	1537064
OZM	Ozaurum Resources	0.15	15	444927
LEL	Lithenergy	0.685	15	4341302

Debuting today was cancer diagnostics company Pacific Edge (ASX:PEB), gaining 18%.

Resource Base (ASX:RBX) announced it was acquiring applications prospective for rare earths across the Murray Basin.

Lithium Energy (ASX:LEL) rose after telling shareholders its Burke Graphite Deposit is one of the highest-grade graphite deposits globally and that after test work it would re-engage with Chinese and Japanese parties who have previously expressed a strong interest in the graphite from the Burke Project.

Bass Oil (ASX:BAS) rose after an update to shareholders on its ambitions to pursue Carbon Capture, Use and Storage (CCUS) at its Cooper Basin portfolio.

Fellow penny stock New Talisman Gold (ASX:NTL) also rose announcing it was buying the Broken Hills Gold Mine – the one in New Zealand not far west New South Wales.

TODAY’S BIGGEST LOSERS

Scroll or swipe to reveal table. Click headings to sort. Stocks highlighted in yellow fell after making announcements during the trading day.

Code	Company	Price	%	Volume
AJY	Asaplus Resources	0.04	-33	20000
ACB	A-Cap Energy Ltd	0.081	-30	3296355
BDC	Bardoc Gold Ltd	0.045	-21	48694383
OKJ	Oakajee Corp Ltd	0.057	-21	46375
EN1	Engage:Bdr Limited	0.004	-20	2495511
LNY	Laneway Res Ltd	0.004	-20	220000
OVT	Ovato Limited	0.002	-20	500000
AEE	Aura Energy	0.205	-20	4881232
MRL	Mayur Resources Ltd	0.205	-20	42000
AJQ	Armour Energy Ltd	0.027	-18	5679519
WFL	Wellfully Limited	0.145	-17	2221363
PNN	PepinNini Minerals	0.465	-15	2497897
TOE	Toro Energy Limited	0.028	-15	72215154
POD	Podium Minerals	0.375	-15	1899012
SCN	Scorpion Minerals	0.052	-15	362750
NAE	New Age Exploration	0.012	-14	7703834
ZMM	Zimi Ltd	0.012	-14	2929448
GRV	Greenvale Mining Ltd	0.38	-14	1101217
EL8	Elevate Uranium Ltd	0.55	-13	1914912
AUH	Austchina Holdings	0.007	-13	4449464
EVE	EVE Investments Ltd	0.0035	-13	3082615
RLC	Reedy Lagoon Corp.	0.028	-13	13907162
ADR	Adherium Ltd	0.015	-12	16244328

Bardoc Gold (ASX:BDC) fell after deferring the Final Investment Decision on its Bardoc Gold project and announcing a strategic review.

Employee well-being software provider Limeade (ASX:LME) fell after losing a contract from top-10 customer American Airlines.

ANNOUNCEMENTS YOU MAY’VE MISSED

Synlait Milk (ASX:SM1) was the latest dairy company to reveal how tough FY1 had been, unveiling a $28.5 million loss. However the company said it expected a return to profitability in FY22 based on a return to normal trading conditions, improved infant base powder volumes and cost savings.

Qantas (ASX:QAN) announced that when international flying resumes it will re-divert its Perth-London flights – which prior to COVID-19 were the group’s most profitable – to either Darwin or Singapore due to border policies in WA. It also announced it was bringing forward the reopening data for travel between Sydney and Melbourne from 1 December to 5 November as well as intrastate travel in NSW to start from October 25.

Modular manufacturing business Fleetwood (ASX:FWD) secured a contract to help build a new 1,000 bed quarantine facility in Melbourne. The deal is expected to reap $32 million in revenue during FY22.

Commercial drone company Mobilicom (ASX:MOB) secured a $400,000 contract from Israel Aerospace Industries. Mobilicom will supply its datalink units and touch mobile ground space controller to help IAI control its new aerial vehicle tactical drone control system.

Factor Therapeutics (ASX:FTT) is set to re-enter the bourse with shareholders having signed off on the acquisition of PowerLime. The company will change its name to Dominion Minerals and will raise $4 million to seal the deal.

ADX Energy (ASX:ADX) executed hedging transactions with BP for fixed price swaps at a price of US$71.85 per barrel. The company also said increasing net revenues put it into a strong position to fund production enhancing well work at its Austrian fields.