In Case You Missed It: Iron ore and diabetic pet test distribution deals

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.

ICYMI Leader Board

Stocks highlighted in blue have made market-moving announcements (click headings to sort).

Hawsons Iron (ASX:HIO) has just announced its pursuit of the steel-manufacturing mineral has turned up some recent, successful results, namely, mineable intersections of near-surface magnetite mineralisation.

“Stage 2 resource analysis exploration drilling results have confirmed the presence of a prospective, near-surface zone hosting magnetite mineralisation at targeted grades,” announced the company this morning.

Further, the discovery supports a change in mining strategy that will allow the company to significantly ramp up to full production. That said, more exploratory drilling is still required to define the extent and tonnage of the targeted mineralisation.

The cost of the drilling campaign is currently being assessed and regulatory approvals are being sought.

Universal Biosensors, Inc. (ASX: UBI) says that since its last market update, it has signed an additional 5 distribution deals with partners in 3 countries for Petrackr, UBI’s blood glucose monitoring product for dogs and cats with diabetes.

The company now has 8 distribution deals in total and received purchase orders of $480k in the first two months since launch. 

First year sales value from these 8 deals is expected to exceed $4 million with sales growth expected in the following years.

WT Financial Group (ASX:WTL) reported positive full-year indicative results for FY2023, with revenue and other income up 57% over the prior period to $162.49m (FY22 $103.63).

Also, it’s seen a more than doubling of both net profit before tax (NPBT) – up 115% to $5.04m (FY22 $2.35m); and net profit after tax (NPAT) – up 130% to $4.31m (FY22 $1.87m).

Fibre cement gun James Hardie (ASX:JHX) says the quarter ending June 30 returned the company’s best ever first quarter results for both adjusted net income and operating cash flow, at US$174.5m (up 13%) and US$252.3m (up 64%) respectively.

And privately-owned explorer and investor Tri-Star Group, which is owned by the same Butler family that drilled the first commercial coal seam gas well in Queensland, increased its stake in Omega Oil & Gas’ (ASX:OMA) from 15% to 19.9% via an institutional placement at $0.18 per share to become its second largest shareholder after the Flannery family’s Ilwella Pty Ltd.

At Stockhead we tell it like it is. While Omega Oil & Gas is a Stockhead advertiser, it did not sponsor this article.