What’s Hot – EDE, CRI, PGY, BNZ, GGR, NH3, SQX, EMS, CBE, MRD, AWJ & SP8
What’s Not – ELV
What’s Hot
EDE – Eden Innovations Limited today closed up 49% to finish at 12.5c on $2.2m stock traded. The reason they were up today was because they released its quarterly report which highlighted that its third and largest order was placed from Holcim Ecuador for EdenCretePz7 valued at $514k.
CRI – Critica Limited today closed up 42% to finish at 3.4c on $5.8m stock traded. There was no news out today but last week they announced the commencement of a scoping study for its flagship Jupiter Rare Earth Project located in WA.
PGY – Pilot Energy Limited today closed up 25% to finish at 0.5c on $350k stock traded. The reason they were up today was because they announced a placement to raise $3.44m @ 0.36c through Bell Potter Securities.
BNZ – Benz Mining Corp Limited today closed up 22% to finish at $2.74 on $5m stock traded. The reason they were up today was because they announced assay results from its Glenburgh Gold Project located in WA.
GGR – Golden Globe Resources Limited today closed up 20% to finish at 29.5c on $100k stock traded. There was no news out today but last month they announced diamond drilling was underway at its Dooloo Creek Gold-Copper project in QLD.
NH3 – NH3 Clean Energy Limited today closed up 16% to finish at 9.4c on $140k stock traded. There was no news out today but last week they released its quarterly report which highlighted the key milestones achieved for the advancement of its WAH2 clean ammonia project located in WA.
SQX – SQX Resources Limited today closed up 15% to finish at 23c on $210k stock traded. There was no news out today but yesterday they announced an exploration update for its Red Bird Gold Project located in Arizona, USA.
EMS – Eastern Metals Limited today closed up 15% to finish at 5.5c on $350k stock traded. There was no news out today but last week the announced the completion of the acquisition of Raptor Resources (94.6% interest)
Raptor holds a premium portfolio of advanced VMS (volcanogenic massive sulphide) assets in New Brunswick’s world-class Bathurst Mining Camp – in Canada.
CBE – Cobre Limited today closed up 14% to finish at 16c on $630k stock traded. There was no news out today but last week they announced the commencement of ISCR (in-situ copper recovery) production wellfield construction on its wholly owned Ngami Copper Project (NCP) located in Botswana.
MRD – Mount Ridley Mines Limited today closed up 14% to finish at 4c on $3.7m stock traded. The reason they were up today was because they announced a maiden scandium resource for its Mount Ridley Project located in WA.
AWJ – Auric Mining Limited today closed up 11% to finish at 35c on $920k stock traded. The reason they were up today was because they released its quarterly report which highlighted the completion of Campaign one production at the Munda Gold Mine located in WA.
SP8 – Steamplay Studio Limited today closed up 11% to finish at 1c on $670k stock traded. The reason they were up today was because they released its quarterly report which highlighted cash receipts of $3.86m.
What’s Not
ELV – Elevra Lithium Limited today closed down 14% to finish at $7.90 on $24m stock traded. The reason they were down today was because they released its quarterly report which revealed a 15% decline in spodumene concentrate production to 44,154 dry metric tonnes (dmt) on the previous quarter.
ELV is a merger of Sayona Mining (SYA.asx) & Piedmont Lithium (PLL.asx)
The reduced concentrate production and grade were a function of lower lithium recovery, as the higher iron content necessitated increased use of the WHIMS (wet high intensity magnetic separators).
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).