We’re looking forward to seeing you tomorrow night at our Xmas party!
Market highlights
ASX futures up 8 points or 0.1 per cent, to 7222 near 7am AEDT
- AUD -0.2% to 65.67US cents
- Bitcoin -7.2% to $US40,640 at 7am AEDT
- On Wall St: Dow +0.3% S&P, +0.3%, Nasdaq +0.1%
- In New York: BHP -0.6% Rio -1.3% Atlassian +2.5%
- Tesla -1.6% Apple -1.5% Amazon -1.3%
- Stoxx 50 +0.4% FTSE -0.1% DAX +0.2% CAC +0.3%
- Spot gold -1.2% to $US1981.58/oz at 3pm in New York
- Brent crude +0.2% to $US76.05 a barrel
- Iron ore -0.5% to $US134.90 a tonne
- 10-year yield: US 4.24% Australia 4.34% Germany 2.27%
- US prices as of 3pm in New York
Across Markets
Australian shares are poised for a modestly higher start as investors stay on the sidelines ahead of key US inflation data tomorrow Sydney time and interest rate decisions in the US and UK later this week.
“A lacklustre start to the week, but there’s so much to come over the next few days – which could determine how markets end the year and start 2024,” said Craig Erlam at Oanda. “The Fed decision on Wednesday is unlikely to be controversial, but the forecasts, dot plot and press conference that accompany it may well be.”
The S&P 500 fluctuated around 4600 at midday after notching the longest weekly advance since 2019. Big tech came under pressure, with Nvidia and Apple down at least 2 per cent.
Reserve Bank governor Michele Bullock will face questions after a morning speech in Sydney in one of her first outings since keeping rates on hold last week. Focus will also be on the Westpac consumer sentiment index and NAB business confidence indexes.
Source: AFR
- Spot uranium price is at 16-year highs driven by strong physical market demand; long term outlook also strong
- TSX is home to some of the biggest uranium companies in the world
- More than 50 uranium stocks on the TSX, TSXV and the CSE
- Premier American Uranium (TSXV:PUR) listed December 1 with ground in two uranium-producing US regions
Our Canada Unearthed column wraps the news driving mining and exploration stocks listed in Canada, mostly on the TSX and TSX.V.
The TSX is home to some of the biggest uranium companies in the world, like Cameco (TSX:CCO), NexGen Energy (TSX:NXE), Energy Fuels (TSX:EFR) and Denison Mines (TSX:DML).
These producers and advanced project developers possess a collective market cap of C$35bn, with C$26bn capped behemoth Cameco the main player.
Meanwhile, the ASX has just two pure play uranium stocks with a market cap above A$1bn; Paladin (ASX:PDN) A$2.8bn, and Boss Energy (ASX:BOE) A$1.4bn.
TSX, its venture arm the TSXV, and the CSE also boast a depth the ASX can only aspire to, with more than 50 stocks at all stages of the exploration, development, and mining cycle.
You can expect that number to grow as the emerging uranium bull market gathers pace.
Source: Stockhead
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.005 Unchanged
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.12 -7.69%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.13 Unchanged
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 Unchanged
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.019 Unchanged
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.006 -14.29%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.009 – 10.00%
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.012 Unchanged
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.058 +1.75%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.160 – 5.88%
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.007 Unchanged
Company: Estrella Resources (ASX:ESR)
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.004 -20.00%
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.37 -2.63%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.027 -3.57%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.014 +7.69%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.003 Unchanged
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.023 Unchanged
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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