What’s Hot – H2G, RGL, AT4, CRN, APX & HVY
What’s Not – CAY & DVP
What’s Hot
H2G – H2G Limited today closed up 38% to finish at 1.1c on $340k stock traded. There was no news out today but roughly a fortnight ago they announced the receipt of R&D funds valued at $774k.
RGL – Riversgold Limited today closed up 25% to finish at 1c on $100k stock traded. There was no news out today but on Monday they announced positive reports were received for compilation of the Northern Zone Gold Project’s mine development and closure proposal.
AT4 – American Tungsten and Antimony Limited today closed up 20% to finish at 4.9c on $5m stock traded. There was no news out today but yesterday they announced the execution of a share sale and purchase agreement to acquire 100% of the Del Sol Refinery in Nevada and the White Spar Antimony Mine in Arizona.
CRN – Coronado Global Resources Limited today closed up 18% to finish at 19.5c on $2.7m stock traded. The reason they were up today was because they released its quarterly report which highlighted a significant improvement in operating conditions.
APX – Appen Limited today closed up 18% to finish at $1.02 on $14m stock traded. The reason they were up today was because they released its quarterly results which highlighted a 26% increase in revenue to US$65.1m on the previous corresponding period (pcp).
HVY – Heavy Minerals Limited today closed up 11% to finish at 44c on $69k stock traded. The reason they were up today was because they announced pre-feasibility study (PFS) results for its Port Gregory Garnet Project in WA.
What’s Not
CAY – Canyon Resources Limited today closed down 31% to finish at 6c on $900k stock traded. The reason they were down today was because they announced A2MP Investments, a company owned by Eagle Eye Asset Holdings & FEDA Mining Investments is offering to acquire CAY for 5c in cash.
DVP – Develop Global Limited today closed down 18% to finish at $4.60 on $60m stock traded. The reason they were down today was because yesterday after market they released its quarterly report which revealed record revenue and production for the June quarter.
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).