In Case You Missed It: Health care swoops in for the top spot
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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, who made announcements today.
|Code||Company||Price||% Today||Market Cap|
|DRE||Dreadnought Resources Ltd||0.058||41%||$137,135,907|
|NXD||Nexted Group Limited||1.06||35%||$173,780,767|
|NMR||Native Mineral Res||0.056||27%||$7,406,459|
|BFC||Beston Global Ltd||0.01||25%||$15,976,375|
|BYH||Bryah Resources Ltd||0.02||18%||$5,941,590|
|AD1||AD1 Holdings Limited||0.008||14%||$5,757,983|
|ANR||Anatara Ls Ltd||0.032||14%||$3,357,872|
|MKL||Mighty Kingdom Ltd||0.018||13%||$5,219,514|
|AHX||Apiam Animal Health||0.4||11%||$64,801,961|
|A4N||Alpha Hpa Ltd||1.1025||11%||$874,609,546|
Allied healthcare business Healthia (ASX:HLA) – who’s clinics cover podiatry, physiotherapy and optometry – was ahead of the pack today after new of a takeover from Harold BidCo, pricing HLA at $1.80 a share – well over the previous close of $0.975.
Healthia’s Board has unanimously recommended the Scheme, with chairman Dr Glen Richards saying it represents a “very attractive outcome” for shareholders, clinic partners, patients, clinicians and team members.
“In the Healthia Board’s view, the all-cash price at a significant premium to Healthia’s recent share price reflects the inherent value of Healthia’s business operations, national platform and growth strategy in Australia and New Zealand,” he said.
“Under the Scheme, there will be no change to Healthia’s clinic class shareholder model and clinic class shareholders will continue to hold those shares.”
Also in the health space, childhood diagnostics company TALi Digital (ASX:TD1) gained despite posting a loss of $2.3m for the year, net operating cash outflows of $2.0m and reported closing cash of $3.0m at 30 June 2023, which sounds bad but is better than last year.
Dreadnought Resources (ASX:DRE) found “massive and disseminated” nickel-copper sulphide intersections from RC drilling at the Bookathanna North prospect in WA.
That’s a site along the 45km long Money Intrusion in the Mangaroon Ni-Cu-PGE project in the Gascoyne region of Western Australia.
Dreadnought has recently made a pivot in the nickel, copper and gold-hunting direction, teaming up with A$20 billion Toronto-listed First Quantum Minerals at Mangaroon.
Retail bedding stores company Joyce Corporation (ASX:JYC) said full year revenue was 144.7m, up 12% on the previous corresponding period, with the group’s core business, KWB and Bedshed, maintained their strong position in the market.
But the company did concede that successive interest rates rises are starting to impact household spending.
Cooper Metals (ASX:CPM) intersected semi-massive sulphides confirming a strongly mineralised breccia zone in the central plunging copper-gold shoot at its King Solomon 1 prospect.
And 29Metals (ASX:29M) has completed an institutional entitlement offer to raise $122 million in support of its Capricorn copper recovery plan.
Golden Mile Resources (ASX:G88) will hit five prospective targets in a five-hole drilling program at the Yuinmery gold and base metal project, just 12km from the advanced 3.2Moz Youanmi gold project in WA’s Murchison region.
Lithium sector investor Mingjin New Energy Development has finalised its $2.6m strategic investment in Power Minerals (ASX:PNN), which will use the cash to accelerate development of the 480,000t LCE (and growing) Salta asset in Argentina.
Neurotech International (ASX:NTI) has concluded its last patient last visit (LPLV) at the Children’s Hospital at Westmead in Sydney for its groundbreaking phase I/II trial of NTI164 into the treatment of orphan disorder PANDAS/PANS.
First AU’s (ASX:FAU) maiden drilling program at the flagship Haunted Stream project in Victoria has identified a new gold system, comprising two distinct zones which remain open at depth and along strike.
Infill drilling at Lanthanein’s (ASX:LNR) Lyons 12 and 13 prospects in the WA Gascoyne has extended high grade rare earths and niobium mineralisation to 1.2km and counting. Estimation of a maiden resource is now underway.
Riversgold (ASX:RGL) has struck a deal to snap up a project in the prolific James Bay lithium district in Quebec.
And innovation, a successful capital restructure, elevated credit quality, and meeting B Corp standards have culminated in strong returns in FY23 for MoneyMe (ASX:MME).
At Stockhead we tell it like it is. While Golden Mile Resources, Power Minerals, Neurotech International, First AU, Antilles Gold, Lanthanein, Riversgold and MoneyMe are Stockhead advertisers, they did not sponsor this article.