The ASX 200 rose 0.41% to close at 7,535 while the ASX Emerging Companies Index gained another 1.36% to close at 2,362 points.

All sectors were in the green except energy and utilities which lost 1.44% and 1.19%. The best performing sectors were tech, up 1.87% and industrials, up 1.24%.

 

TODAY’S BIGGEST WINNERS

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Pan Asia Metals (ASX:PAM) more than doubled after lodging 5 prospecting applications over the geothermal lithium-rich ‘Kata Thong’ project in Thailand.

Valor Resources (ASX:VAL) announced high-grade uranium, rare earth, silver and lead results from its Hook Lake project.

Companies that climbed after releasing their annual or half yearly results included Indoor Skydive Australia (ASX:IDZ), Volt Power Group (ASX:VPR) and Gefen (ASX:GFN).

 

TODAY’S BIGGEST LOSERS

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Magmatic Resources (ASX:MAG) fell off the back of an exploration update.

Aguia Resources (ASX:AGR) fell after an update on its legal battle against authorities in Brazil.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

This morning a new ETF was listed on the ASX in ETF Securities’ Semiconductor ETF (ASX:SEMI). This fund owns semiconductor companies, specifically all of them in the Solactive Global Semiconductor 30 Index including Intel, Qualcomm and Taiwan Semiconductor Manufacturing Company.

Hillgrove Resources (ASX:HGO) won a $2m grant from the South Australian government to trial a new underground mining technology, the Komatsu MC51 continuous mining machine. The Komatsu MC51 will be used to develop a portal and 500m underground decline at Kanmantoo and through this process its commercial viability will be examined.

BNPL company Splitit (ASX:SPT) announced it was moving on CEO Brad Paterson and had hired John Harper. The company said a change of leadership was necessary to maintain its current momentum and fulfil its ambitions for an increased footprint.

Happy Valley Nutrition (ASX:HVM) told shareholders it was unlikely to secure equity financing for its proposed infant formula plant this year and it was unlikely the first product delivery date would be August 2023. However the company said discussions to reach a deal were continuing and it may involve a sale of an interest in the project.

Webjet (ASX:WEB) said it would be operating cash flow positive for the first half of the new financial year. The company credited its subsidiary WebBeds which is an online accomodation distribution business.

Regional Express (ASX:REX) has not been going as well, unveiling a loss of $4.9 million for FY21. While the company said it performed “relatively well” amidst COVID-19 it warned the outlook for the year ahead was highly uncertain.

 

TRADING HALTS

Wednesday

Live Verdure (ASX:LV1) – loyalty offer
The Market Herald (ASX:TMH) – financial results
Troy Resources (ASX:TRY) – financial position announcement
Orminex (ASX:ONX) – capital raising & acquisition
Wingara (ASX:WNR) – capital raising
Grand Gulf Energy (ASX:GGE) – acquisition and fundraising
Volt Resources (ASX:VRC) – capital raising
Cluey (ASX:CLU) – capital raising
Mithril Resources (ASX:MTH) – capital raising

Thursday

Dragontail Systems (ASX:DTS) – acquisition update
88 Energy (ASX:88E) – capital raising
Conico (ASX:CNJ) – drill program

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