Bulls on parade? (Zack De La Rocha from Rage Against the Machine performs at Coachella). Pic: Getty
Closing Bell: Uranium and oil bulls on parade as ASX sets the pace in Asian trade
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The ASX 200 edged higher in a steady day of trade, as local markets largely shrugged off more falls in Hong Kong and Tokyo.
The microcap Emerging Index traded flat, while the ASX 200 Energy index continued its strong week as bullish sentiment forms around oil prices.
More ASX uranium stocks continued to move higher, as the yellowcake frenzy intensifies with spot uranium prices marched onwards toward ~US$50 per pound.
US stock futures lacked direction in Asian trade, pointing slightly lower ahead of the Wall Street open. The Aussie dollar came under some downside pressure but is still holding above US73c for now.
TODAY’S BIGGEST WINNERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| TSC | Twenty Seven Co. Ltd | 0.0075 | 87.5% | 400,673,399 |
| JPR | Jupiter Energy | 0.062 | 77.1% | 30,043,653 |
| ICE | Icetana Limited | 0.115 | 33.7% | 694,776 |
| GTR | Gti Resources | 0.045 | 32.4% | 75,075,364 |
| AGE | Alligator Energy | 0.1025 | 29.7% | 115,909,826 |
| PO3 | Purifloh Ltd | 1.685 | 29.6% | 40,533 |
| CUL | Cullen Resources | 0.022 | 29.4% | 22,793,391 |
| DLC | Delecta Limited | 0.014 | 27.3% | 121,601,016 |
| STK | Strickland Metals | 0.048 | 23.1% | 12,081,047 |
| AT1 | Atomo Diagnostics | 0.35 | 22.8% | 10,467,852 |
| OKJ | Oakajee Corp Ltd | 0.072 | 20.0% | 145,144 |
| MRD | Mount Ridley Mines | 0.006 | 20.0% | 96,355,326 |
| VPR | Volt Power Group | 0.003 | 20.0% | 37,587,644 |
| VIA | Viagold Rare Earth | 0.19 | 18.8% | 15,000 |
| ROG | Red Sky Energy. | 0.0095 | 18.8% | 74,651,719 |
| TNR | Torian Resources Ltd | 0.033 | 17.9% | 4,338,398 |
| CYC | Cyclopharm Limited | 1.92 | 17.8% | 76,830 |
| TOE | Toro Energy Limited | 0.049 | 16.7% | 120,975,021 |
| CE1 | Calima Energy | 0.21 | 16.7% | 8,241,866 |
| MYR | Myer Holdings Ltd | 0.595 | 16.7% | 12,664,110 |
| PNX | PNX Metals Limited | 0.007 | 16.7% | 4,209,156 |
| API | Australian Pharm. | 1.475 | 16.1% | 5,303,319 |
| FHS | Freehill Mining Ltd. | 0.029 | 16.0% | 304,238 |
| CAU | Cronos Australia | 0.15 | 15.4% | 1,397,496 |
| MXR | Maximus Resources | 0.115 | 15.0% | 2,735,688 |
Leading the small cap pack today (in percentage terms) was resources minnow Twenty Seven Co (ASX:TSC), which ticked higher to 0.7c and held its gains after geochemical surveys revealed new lithium and tin targets at its full-owned Trident project in NSW.
TSC said a broader geochemical sampling program is now on the cards in the next few weeks, ahead of planned drill testing of high-priority targets over the next few months.
Jupiter Energy (ASX:JPR), which often jumps on no news, rose strongly today after announcing a legally valid agreement with a Kazakh-registered company to develop three of the companies oilfields in Kazakhstan towards gas utilisation.
Shares in JPR initially more than doubled before easing back in afternoon trade.
Elsewhere, it was largely resource companies that populated the winner’s list, led by Cullen Resources (ASX:CUL) which rose by around 30%.
Cullen came out of a trading halt with news that it had identified nickel sulphides at its Wongan Hills project in WA.
And embattled retailer Myer (ASX:MYR) also made a rare appearance after its annual report confirmed a return to full-year profits.
After slumping to 9c in the March 2020 selloff, MYR shares have now rebounded to 60c.
TODAY’S BIGGEST LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| NPM | Newpeak Metals | 0.0015 | -25.0% | 3,842,525 |
| WOO | Wooboard Tech Ltd | 0.0015 | -25.0% | 1,823,000 |
| INR | Ioneer Ltd | 0.605 | -18.2% | 75,398,193 |
| CCE | Carnegie Cln Energy | 0.0025 | -16.7% | 6,909,676 |
| NTL | New Talisman Gold | 0.0025 | -16.7% | 564,602 |
| STM | Sunstone Metals Ltd | 0.02 | -16.7% | 16,411,381 |
| YPB | YPB Group Ltd | 0.0025 | -16.7% | 4,976,534 |
| TTI | Traffic Technologies | 0.035 | -14.6% | 690,666 |
| 1AG | Alterra Limited | 0.033 | -13.2% | 185,948 |
| OSPDA | Osprey Med Inc | 0.89 | -12.7% | 75,276 |
| A3D | Aurora Labs Limited | 0.15 | -11.8% | 318,146 |
| POL | Polymetals Resources | 0.12 | -11.1% | 425,100 |
| AUQ | Alara Resources Ltd | 0.016 | -11.1% | 335,400 |
| CZR | CZR Resources Ltd | 0.008 | -11.1% | 1,283,000 |
| IEC | Intra Energy Corp | 0.008 | -11.1% | 150,000 |
| GAL | Galileo Mining Ltd | 0.29 | -10.8% | 1,367,693 |
| MRL | Mayur Resources Ltd | 0.25 | -10.7% | 35,000 |
| 99L | 99 Loyalty Ltd. | 0.059 | -10.6% | 40,654 |
| GGG | Greenland Minerals | 0.13 | -10.3% | 6,156,443 |
| RDN | Raiden Resources Ltd | 0.026 | -10.3% | 925,916 |
| ARE | Argonaut Resources | 0.009 | -10.0% | 18,440,590 |
| LSR | Lodestar Minerals | 0.009 | -10.0% | 2,221,037 |
| BRK | Brookside Energy Ltd | 0.028 | -9.7% | 34,247,173 |
| SLX | Silex Systems | 1.69 | -9.6% | 997,134 |
| ESS | Essential Metals Ltd | 0.235 | -9.6% | 6,615,489 |
ANNOUNCEMENTS YOU MAY’VE MISSED
Mining services stock MACA (ASX:MLD) announced key client Pilbara Minerals (ASX:PLS) extended its contract for 12 months. The company says this contract extension will deliver $70 million in revenue over the 12 months through to November 2022.
Potash aspirant Kalium Lakes (ASX:KLL) told shareholders its Beyondie SOP project had entered the final phases of commissioning. The company plans to commence production ramp-up next month and says current construction and commissioning activities remain within the capital expenditure budget.
PointsBet (ASX:PBH) partnered with Major League Soccer club Austin FC becoming the club’s exclusive sportsbook partner. The deal, which comes as legalisation in Texas is expected soon, will involve PointsBet receiving permanent recognition at the club’s stadium as its partner.
Hastings Technology Metals (ASX:HAS) told shareholders the West Australian government had commended its Yangibana rare earths project. The company also announced the DevelopmentWA board approved Hastings’ applications to enter discussions to lease space in a nearby industrial precinct where the company proposes to operate a hydrometallurgical plant.
Jatcorp (ASX:JAT) says the South Korean government approved its ‘Jinvigorate diabetic formula to be used as medical food in South Korean hospitals and clinics. The company says it expects the approval to drive sales opportunities and expand product sales channels.
Nearly 3 years since Jacobs Engineering Group became a substantial shareholder of Worley (ASX:WOR), it is now selling its 9.85% stake in an underwritten block trade. Jacobs received the shares as consideration for the acquisition of the Jacobs Energy, Chemicals and Resources division.
Fractional investing platform DomaCom (ASX:DOM) announced its funds under management surpassed $90 million. Since the start of May, this has grown by $12.7 million and the company credits it to National Disability Insurance Scheme syndications.
TRADING HALTS
Friday
Fe (ASX:FEL) – potential acquisition
Eastern Iron (ASX:EFE) – capital raising
intelliHR (ASX:IHR) – capital raising
Sky Network Television (ASX:SKT) – share consolidation
Monday
Locksley Resources (ASX:LKY) – price and volume query
Avira Resources (ASX:AVW) – capital raising
Sunshine Gold (ASX:SHN) – capital raising
Comet Resources (ASX:CRL) – metallurgical test work results
