Closing Bell: Aussie shares rebound as ASX investors buy the dip
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Aussie shares rebounded today following rises in the US and Europe overnight, after having fallen for the previous two days.
The ASX 200 regained 0.78%, with all 11 sectors in the green except for Industrials and IT.
Healthcare and financials led the gains, rising by around 1% each.
In a surprising move, Netflix has just announced that it will be expand into games, starting with ad-free games on mobile devices at no added cost to subscribers.
To ASX stocks…..
Apollo Mineals (ASX:AON) was up almost 40% off the back of news that its drilling program at the province-scale Kroussou zinc-lead project in Gabon discovered shallow high-grade zinc and lead mineralisation within 40m of surface.
Hemp products provider, Ecofibre (ASX:EOF), rose by 7% after reporting unaudited revenue for Q4 was $7.3m, up 7% from the prior quarter ($6.8m) and down 3% on the prior corresponding period.
Alderan Resources (ASX:AL8) rose by 16% after samples from hole DD20M-003 at its Detroit Project in Utah confirmed they consist dominantly of potassic altered porphyry overprinted by sericite, chlorite, carbonate and clay alteration. Copper (chalcopyrite, bornite, chalcocite & covellite) +/- molybdenum mineralisation occurs in all samples.
West Star Industrial (ASX:WSI) rose by 7% and are in a trading halt pending an announcement.
Piedmont Lithium (ASX:PLL) plunged by more than 21% after claims the company has repeatedly delayed seeking approval from Gaston County in North Carolina for its proposed lithium mine.
Despite promising investors as early as 2018 that it would obtain permits by 2019, Piedmont has failed to do so – and now Gibbs Law Group is investigating a potential Piedmont Lithium Class Action Lawsuit on behalf of investors who lost money in the company.
Telco Field Solutions (ASX:FSG) has just come out of a trading halt, and announced a $3.66 million award from the Federal Government’s Mobile Blackspots Program Round 5a, to trial its Neutral Host model in partnership with Optus.
Lark Distilling (ASX:LRK) announced that Q4 FY21 net sales were$3.996 million, up 244% compared to same period last year. The company said it’s projecting to become cashflow neutral over the course of the next 12 months.