In Case You Missed It: Cognitive training for kids and a hemp player take the lead
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Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.
It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.
Stocks highlighted in blue have made market-moving announcements (click headings to sort).
In case you haven’t noticed, its quarterly season, and top of the charts today is TALi Digital (ASX:TD1) who published a positive Q4-FY23 activities report.
The medical device and digital therapeutic tech company is focused on cognitive training for 3-10 year-olds and highlights the following in its report: “ReadyAttentionGo is awarded a Red Dot Design award; the previously announced Strategic review is nearing completion.”
In addition, annualised costs have been reduced by $1.7 million and as at 30 June 2023, the company had a closing cash balance of $3.0 million.
Another winner in the quarterly space is hemp-focused Ecofibre (ASX:EOF) who said revenue of $7.8m is up 7% on the previous corresponding period, but down 5% on the prior quarter.
Overall, second half revenue is expected to be 25% higher than first half, and growth is expected to continue into FY24.
This will be supported by the new material customer supply relationship involving sportswear giant Under Armour and Hemp Black, Ecofibre’s speciality manufacturing division, which was also announced today.
An MOU has been signed that will see the Ecofibre division supply “specialty yarn for apparel use”.
Recruitment tech company AD1 Holdings (ASX:AD1) said its high-profile customer, the Victorian government, has renewed an existing agreement with the firm, namely, its Managed Service Agreement (MSA) for Careers.
The company says the agreement renewal is an endorsement of the strengths in the platform that modernise the candidate experience with rich features, enhancing the Victorian Governments employer brand, whilst improving the candidate management experience across government departments due to improved functionality.
New World Resources (ASX:NWC) had a lot to announce today, including drill targets found in an recent Induced Polarisation (IP) survey at its Javelin copper project in Ariziona with drilling planned in Q4, a strategic investment from US private equity firm Resource Capital Funds (RCF) Management, who’ve entered into a binding agreement to make a $5m equity investment to become a 6.9% shareholder in the company, and a new COO in Nick Woolrych.
And Matsa Resources’ (ASX:MAT) has extended its confidentiality agreement with AngloGold Ashanti Australia (AGAA) to 31 July 2024 – including a three-month exclusivity period to conduct due diligence and negotiate the potential transaction of its Lake Carey gold project in WA.
At Stockhead we tell it like it is. While New World Resources and Matsa Resources are Stockhead advertisers, they did not sponsor this article.