What’s Hot – 88E, ERM, BRK, D3E, BAS & TER
What’s Not – IVR
What’s Hot
88E – 88 Energy Limited today closed up 86% to finish at 4.1c on $3.4m stock traded. There was no news out today but last month they announced the results of its internal prospective resource assessment across its consolidated South Prudhoe acreage on Alaska’s North Slope.
ERM – Emmerson Resources Limited today closed up 17% to finish at 38.5c on $7.7m stock traded. The reason they were up today was because they announced a binding scheme implementation deed (SID) was entered with Pan African Resources to be acquired in scrip.
BRK – Brookside Energy Limited today closed up 12% to finish at 50.5c on $920k stock traded. There was no news out today but back in January they released its quarterly report which highlighted cash receipts of $12m.
D3E – D3 Energy Limited today closed up 12% to finish at 42.5c on $170k stock traded. There was no news out today but last month they announced three exploration right applications in South Africa’s Free State Province had been formally accepted.
BAS – Bass Oil Limited today closed up 10% to finish at 9.6c on $4m stock traded. There was no news out today but last month they announced an operations update which highlighted total sales revenue for January of ~$471k.
TER – TerraCom Limited today closed up 10% to finish at 9.8c on $5m stock traded. There was no news out today but last month they released its half yearly report which revealed an EBITDA loss of $7m and a net loss after tax attributable to owners of $13.8m.
What’s Not
IVR – Investigator Resources Limited today closed down 18% to finish at 7.7c on $5m stock traded. There was no news out today but last week they announced a placement to raise $55m @ 8.6c through Barrenjoey Markets, Canaccord Genuity, MA Moelis Australia Advisory & Alpine Capital.
Rats Rant – IMPORTANT INFORMATION
The idea of this report is to be informative and hopefully point out some stocks that you wouldn’t ordinarily have seen during the day, maybe even have a laugh too.This report IS NOT personal advice. Sanlam Private Wealth Pty Ltd DOES NOT PROVIDE personal advice, Sanlam Private Wealth provides General Financial Product Advice.All advice included in The Rat’s Rant is General Advice. Please refer to the General Advice Warning. The views expressed in this report are my views and may not necessarily reflect the same views as Sanlam Private Wealth.It is very important to refer to the ASX website for information on any companies / stock that are contained in this report and as always please consult your financial adviser before acting.
Important Notice
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