In Case You Missed It: Tech and ecommerce take the lead today
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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).
3D geospatial/cloud data tech company Pointerra (ASX:3DP) says existing customer Entergy, a Fortune 500 company, has selected Pointerra’s US EPC partners for its 10-year, US$15 billion grid resilience CAPEX program.
Entergy is a Fortune 500 company that provides power to 3 million customers throughout Arkansas, Louisiana, Mississippi and Texas.
In late 2022, the Louisiana based energy utility had announced a 10-year, US$15 billion electric grid resilience CAPEX program.
Pointerra’s AI driven analytics platform will be used to identify and prioritise grid assets requiring remediation or replacement across the term of the program.
“Open hotel” ecommerce platform SiteMinder (ASX:SDR) has a positive Q4FY23 Activities Report with revenue increasing 30.5% on pcp to $151.4m for FY23.
“The past year has seen SiteMinder strengthen its go-to-market capability through the expansion of marketing and sales channels that reach hotels in more effective and targeted ways,” CEO Sankar Narayan said.
“This growth, along with our cost reduction program, has put the business firmly on the path to become profitable in H2FY24.”
Beforepay (ASX:B4P) has delivered a positive EBITDA of $0.57m in Q4 with quarterly operating revenue increasing 49% year-on-year.
The company attributed this outcome to its ability to both tightly control operating expenses even while growing strongly, and to its strong data-driven approach to risk management.
During the June quarter, Miramar Resources (ASX:M2R) switched its focus to the projects in the Gascoyne and Ashburton regions of Western Australia.
“We have been progressing plans to test our large Whaleshark IOCG targets near Onslow and are scheduled to commence drilling early in the Sept Quarter,” executive chairman Allan Kelly said.
“We are also becoming more excited about the potential to discover nickel-copper-PGE mineralisation associated with dolerite sills at our Mount Vernon Project.”
And at nickel-lithium explorer Resource Mining Corp (ASX:RMI) and recently appointed CEO Andrew Nesbitt and the company have mutually agreeing to separate. Immediately.
Taking over the day-to-day operations will be enigmatic exec chairman Asimwe Kabunga, a high profile tenement merchant who has previously vended African projects into RMI and fellow ASX small cap explorers Volt Resources (ASX:VRC), Lindian Resources (ASX:LIN) and Auking Mining (ASX:AKN).
At Stockhead we tell it like it is. While Miramar Resources is a Stockhead advertiser, it did not sponsor this article.