What’s Hot: KEY, VKA, GCM, FUN, CBY, DRE & XST
What’s Not: IPD
What’s Hot
KEY – Key Petroleum Limited today closed up 44% to finish at 13c on $370k stock traded. There was no news out today but last Friday they announced a placement to raise $58.8k @ 5.8c.
VKA – Viking Mines Limited today closed up 20% to finish at 1.2c on $350k stock traded. The reason they were up today was because they announced the lodgment of a notice of intent (NOI) with the US Federal Bureau of Land Management (BLM).
GCM – GCM Corporation Limited today closed up 15% to finish at 1.5c on $1.4m stock traded. There was no news out today but late last month they released its quarterly report which highlighted the full acquisition of its proprietary Very High Density (VHD) technology.
FUN – Fortuna Metals Limited today closed up 14% to finish at 12.5c on $300k stock traded. There was no news out today but last week they announced an exploration update for its Mkanda rutile and graphite Project located in Malawi, Africa.
CBY – Canterbury Resources Limited today closed up 13% to finish at 3.5c on $150k stock traded. There was no news out today but last week they announced a drilling update for its Briggs Copper Project located in Central QLD.
XST – Xstate Resources Limited today closed up 10% to finish at 3.2c on $330k stock traded. The reason they were up today was because they announced an operations update for its 51% owned Diona-1 well on ATP2077 located in the Surat-Bowen basin of Southwest QLD.
What’s Not
IPD – ImpediMed Limited today closed down 36% to finish at 0.9c on $550k stock traded. The reason they were down today was because they announced a placement and share purchase plan to raise $15.2m @ 1c through Bell Potter Securities & Canaccord Genuity.
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).