What’s Hot: LTP, LMS, AEG, SNX, IBX, BTE, ZEO, HCH & CBE
What’s Not: GT1
What’s Hot
LTP – LTR Pharma Limited today closed up 26% to finish at 51c on $2.6m stock traded. The reason they were up today was because they announced interim Phase II pharmacokinetic (PK) and safety data for its lead product SPONTAN.
LMS – Litchfield Minerals Limited today closed up 25% to finish at 50c on $300k stock traded. There was no news out today but last month they announced a drilling update from its Oonagalabi project located in the NT.
AEG – Aland Equity Group Limited today closed up 23% to finish at 7.6c on $140k stock traded. There was no news out today but yesterday after market they released its quarterly report which highlighted the continued development of its diversified funds management platform.
SNX – Sierra Nevada Gold Limited today closed up 22% to finish at 6.7c on $370k stock traded. The reason they were up today was because they announced the full grant of five exploration licences (named the As Safra Project) were received from the Kingdom of Saudi Arabia, with the licences awarded by Royal Decree.
IBX – Imagion Biosystems Limited today closed up 21% to finish at 1.7c on $130k stock traded. There was no news out today but late last month they released its quarterly report which highlighted the submission of its first investigational new drug (IND) application to the FDA.
BTE – Botala Energy Limited today closed up 18% to finish at 6.5c on $160k stock traded. There was no news out today but yesterday they announced a drilling update for its Serowe Coal Bed Methane (CBM) Project located in Botswana.
ZEO – Zeotech Limited today closed up 14% to finish at 7.9c on $500k stock traded. There was no news out today but late last month they announced a non-binding term sheet was executed with Gladstone Ports Corporation (GPC).
HCH – Hot Chili Limited today closed up 14% to finish at $1.885 on $2.5m stock traded. There was no news out today but last month they announced assay results from its Costa Fuego Cu-Au Project located in Chile.
CBE – Cobre Limited today closed up 12% to finish at 23.5c on $2.3m stock traded. There was no news out today but last month they announced the commencement of a drill program at its recently acquired Sierra Atacama Project located in Northern Chile.
What’s Not
GT1 – Green Technology Metals Limited today closed down 23% to finish at 2.3c on $330k stock traded. The reason they were down today was because they announced a placement and entitlement offer to raise $11m @ 2c through Canaccord Genuity, Yelverton Capital & Foster Stockbroking.
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).