What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – QHL, TRI, SIG, AKN, TYP & MME
What’s Not – MNC, SPR
What’s Hot
QHL – Quickstep Holdings Limited today closed up 95% to finish at 38c on $1.7m stock traded. The reason they were up today was because they announced the receipt of an off-market takeover bid from ASDAM Operations for 40c in cash.
ASDAM is a leading sovereign defence, advanced manufacturing and sustainment company, it is currently Quickstep’s largest customer.
The board of QHL is currently considering the announcement and will update the market in due course.
TRI – TrivarX limited today closed up 27% to finish at 1.9c on $620k stock traded. The reason they were up today was because they announced the completion of an R&D program for its MEB-001 algorithm for the screening of current major depressive episode (cMDE).
The new algorithm can accurately conduct sleep staging and screen for cMDE in subjects through a single channel electrocardiogram (ECG), instead of using sleep clinics with multiple sensors.
The algorithm uses only heart rate and heart rate variability as biomarkers to accurately conduct sleep staging and screen for cMDE.
SIG – Sigma Healthcare Limited today closed up 25% to finish at $2.43 on $231m stock traded. The reason they were up today was because they announced the ACCC does not oppose the proposed merger with the Chemist Warehouse Group (CWG) subject to an undertaking provided by Sigma.
The decision follows a rigorous merger review process, with extensive public consultation by the ACCC and engagement with the parties.
Back in December last year, Sigma announced a proposed merger with Chemist Warehouse, a leading Australian retail pharmacy franchisor, supporting a multi-national retail network of ~600 stores.
AKN – Auking Mining Limited today closed up 20% to finish at 0.6c on $220k stock traded. There was no news out today but yesterday they announced the Shaib Marqan exploration licence was secured with Saudi Arabian partner Barg Alsaman Mining Company (BSMC).
BSMC is a member of the Segia Gulf Group, a large Saudi Arabian group that has had more than 40 years of operating experience in the Kingdom, mostly in the construction sector.
Shaib Marqan is considered highly prospective for orogenic vein-hosted gold mineralization and is significantly under-explored.
There are at least 22 ancient workings over quartz veins have been noted in the area, with 50 vein and wall-rock samples averaging ~ 5.8g/t Au with a maximum of 40g/t Au.
TYP – Tryptamine Therapeutics Limited today closed up 11% to finish at 4.1c on $590k stock traded. There was no news out today but last week they released its quarterly which highlighted a placement to raise $6m @ 2c through the boys and girls at Merchant Group.
The placement was cornerstoned by the high conviction Merchant Biotech Fund (MBF) and Dr Daniel Tillett who will also be appointed a non-executive director.
Dr Tillett is the founder and CEO of Nucleics, an Australian biotechnology company focused on the development of software tools that improve DNA sequencing and genomics, he is also currently the CEO/MD of Race Oncology (RAC.asx $255m market cap).
MME – Moneyme Limited today closed up 10% to finish at 12c on $400k stock traded. The reason they were up today was because they released a trading update which highlighted an 8% increase in the gross loan book balance to $1.3B on the previous corresponding period (pcp).
Gross revenue of >$50m for 1Q25 ($54m 4Q24) reflected an increased ratio of secured loans and higher credit quality customers.
MME continues to lift the credit profile of its loan book with the closing average credit score increasing to 774 in 1Q25.
MME continues to build innovation with development continuing on its revamped credit card offering which is planned to be relaunched 3Q25.
What’s Not
MNC – Merino & Co Limited today closed down 53% to finish at 68c on $730k stock traded. The reason they were down today was because they responded to a speeding ticket after increasing from 23.5c last Wednesday to highs of $1.50 on Tuesday.
MNC responded that they were unaware of any unknown information, however speculated that the increase in price is as a result of positive press exposure following its successful listing on ASX.
MNC listed on the ASX last week after raising $6.35m @ 20c through the boys and girls at Lodge Partners.
Merino’s share price then increased by 650% to reach upwards of $1.50 on only ~$400k worth of stock traded.
SPR – Spartan Resources Limited today closed down 17% to finish at $1.24 on $28m stock traded. The reason they were down today was because they announced assay results from a new target south of the Pepper Gold Deposit within its Dalgaranga Gold Project (DGP) located in WA.
It’s probably more so because of the gold price but they did get this out today too.
A new step-out exploration hole identified a new mineralised position 110m south of Pepper which returned assays of up to 23.63m @ 2.39g/t gold from 503.50m.
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
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