What’s Hot: AM7, EPM, OML, PKY, TRI, NH3 & EDE
What’s Not: GEM
What’s Hot
AM7 – Arcadia Minerals Limited today closed up 46% to finish at 5.1c on $120k stock traded. There was no news out today but yesterday they announced discussions with Hongkong Xinhai Mining Services Limited regarding a potential earn-in of the Swanson Tantalum Project remain underway.
EPM – Eclipse Metals Limited today closed up 33% to finish at 2c on $4m stock traded. The reason they were up today was because they announced an updated mineral resource estimate (MRE) for its Grønnedal Rare Earth Element (REE) Project located in southwest Greenland.
OML – oOh!media Limited today closed up 33% to finish at $1.13 on $25m stock traded. The reason they were up today was because they announced an unsolicited, non-binding indicative offer was received from Pacific Equity Partners (PEP) to be acquired for $1.40 in cash.
PKY – Pathkey.AI Limited today closed up 27% to finish at 5.2c on $5m stock traded. The reason they were up today was because they announced the acquisition of Chipforge.
TRI – TrivarX Limited today closed up 20% to finish at 1.8c on $300k stock traded. The reason they were up today was because they announced the appointment of Dr Danielle Meyrick as CEO.
NH3 – NH3 Clean Energy Limited today closed up 16% to finish at 11c on $600k stock traded. There was no news out today but yesterday they released its quarterly report which highlighted the significant milestones achieved and momentum build in the advancement of its WAH2 clean ammonia project located in WA.
EDE – Eden Innovations Limited today closed up 11% to finish at 20c on $1.1m stock traded. There was no news out today but earlier this month they announced the launch of EdenShield.
What’s Not
GEM – G8 Education Limited today closed down 31% to finish at 16.5c on $13.3m stock traded. The reason they were down today was because they released a trading update which revealed ongoing macro, cost of living and socio-economic challenges affecting the early childhood education and care (ECEC) sector.
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
Rat Consulting Pty Ltd (ABN 81 148 181 588 ) Authorised Representative (No 001281456) of Sanlam Private Wealth Ltd (ABN 18 136 960 775) holder of Australian Financial Services Licence (AFSL 337 927).