In Case You Missed It: Firebrick back after review points to ‘inaccuracies in trial efficacy data’
Link copied to
Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.
Below is a wrap of the top 20 performing stocks, by percentage, that made announcements today.
Firebrick Pharma (ASX:FRE) announced an expert in data analysis independently reviewed its problematic 2023 Phase 3 trial data of Nasodine into the common cold determining “inaccuracies in trial efficacy data” with no efficacy conclusions therefore able to be drawn. FRE will market Nasodine as a nasal antiseptic/disinfectant with sales forecast to commence in 2024.
Digital payments and financial services provider Findi (ASX:FND) has announced that its Indian subsidiary Transaction Solutions International (India) Pvt Ltd has raised $37.6 million ahead of its TSI India IPO via placement to leading Indian investment group, Piramal Alternatives, backed by leading Canadian pension fund CDPQ.
Coal bed methane exploration and development company focused on developing production from the Serowe CBM Project located in Botswana Botala Energy (ASX:BTE) will dual list on the Botswana Stock Exchange from November 22.
Panther Metals (ASX:PNT) is making significant strides in its journey towards mining at the Coglia nickel-cobalt project with completion of a 5,320m reverse circulation drilling program providing crucial insights.
GTI Energy (ASX:GTR) has started drilling its Lo Herma ISR uranium project in Wyoming’s Powder River Basin to validate and upgrade the inferred 5.7Mlb resource grading 630ppm whilst testing its potential to expand.
Green Technology Metals (ASX:GT1) says dense media separation test work confirms the ability to achieve up to 6.8% Li2O concentrate and 71.6% recovery rates from its Seymour lithium project in Ontario.
Melodiol Global Health (ASX:ME1) says unaudited figures for the Australian division of its HHI show it generated sales of ~$1 million in October with consistent monthly sales of ~$1 million per month during Q3 FY23.
Ark Mines (ASX:AHK) has commissioned a second drill, currently on site and operational at the Sandy Mitchell rare earths project, to complete 200m of drilling for the purpose of defining and expanding potential resource tonnes.
Following success of its Costa Fuego development in Chile, Hot Chili (ASX:HCH) is moving to acquire two nearby copper mine areas that have never been drill tested before, despite previously reaching production.
Kingsland Minerals (ASX:KNG) has hit its thickest intersection to date at the Leliyn graphite project in the Northern Territory — 285m at 6.1% TGC — ahead of a maiden resource in Q1 2024.
Leeuwin Metals (ASX:LM1) says a further three holes have returned significant widths of high-grade lithium mineralisation at the Cross Lake project in Manitoba, Canada, confirming the project as an emerging lithium opportunity.
Magnis Energy Technologies (ASX:MNS) says it has secured control of the board of its subsidiary iM3NY with the appointment of Giles Gunesekera as its third director and Wade Guindy as interim chief executive officer.
At Stockhead, we tell it like it is. While Botala Energy, James Bay Minerals, ADX Energy, Panther Metals, Kula Gold, Brightstar Resources, GTI Energy, Green Technology Metals, Prospect Resources, Melodiol Global Health, Ark Mines, MTM Critical Metals, Meeka Metals, Hot Chilli, Olympio Metals, Kingsland Minerals, Leeuwin Metals and Magnis Energy Technologies are Stockhead advertisers, they did not sponsor this article.”