Hot sunny day in Melb and a busy one @PeakHQ.
With multiple transactions on, the December break seems like a distant memory.
At least we’ve got the long weekend coming up!
Across Markets…
The Australian sharemarket climbed for third session on Tuesday, it’s longest winning streak this year, after rally on Wall Street pushed the S&P 500 to a fresh high. Healthcare and financials paced the advance.
The benchmark S&P/ASX 200 index rose 0.5 per cent, or 38.3 points, to 7514.9 at the closing bell, extending the gauge’s longest winning streak since mid-December. The All Ordinaries added 0.5 per cent.
Eight of the 11 sectors traded higher, with healthcare the best performing, rallying 1 per cent. Blood plasma collector CSL gained 1 cent to $293.34, Cochlear added 1 per cent to $301.99, and Resmed was up 1.1 per cent to $26.81.
IG analyst Tony Sycamore described the rally across the healthcare sector as an extension of its “rebound from its November lows.”
Overnight on Wall Street, stocks inched higher with the S&P 500 closing up 0.2 per cent and the Nasdaq 100 0.3 per cent.
Brent crude topped $US80 a barrel overnight, while iron ore futures higher 1.8 per cent to $US131.30 a tonne in Singapore on the February contract.
Index heavyweight BHP climbed 1 per cent to $46.30 and Fortescue Metals added 0.8 per cent to $28.05.
The major banks had a strong day, led by National Australia Bankadding 1 per cent to $31.93. Westpac gained 0.8 per cent to $23.64, ANZadded 0.5 per cent to $26.62 and Commonwealth Bank firmed 0.8 per cent to $115.66.
Source: AFR
Uranium specialist Boss Energy (ASX: BOE) has continued its strong start to 2024 with promising new results from drilling at the Jason’s deposit near its Honeymoon mine in South Australia.
Managing director Duncan Craib said the latest exploration results from the Jason’s deposit support Boss’ strategy to leverage the Honeymoon infrastructure and increase exposure to the strong uranium market.
“We have a twin-pronged strategy at Honeymoon to drive shareholder value by successfully ramping up production while increasing the inventory in preparation for our next round of growth,” Mr Craib said.
“This is aimed at generating strong cashflow while laying the foundations for increases in Honeymoon’s production, which will in turn drive further growth in cashflow while also enabling us to leverage existing infrastructure.”
“These latest drilling results provide more evidence that the Jason’s deposit can play an important role in that growth strategy and help Boss increase its exposure to the uranium market as it continues to benefit from the highly favourable supply and demand fundamentals.”
Source: SmallCaps
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.004 -11.11%
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: $0.185 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.125 -3.85%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.004 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: $0.006 -14.29%
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: $0.011 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: $0.053 -5.36%
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: $0.14 -9.68%
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: $0.009 +12.50%
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.006 +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: $0.34 -5.56%
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: $0.026 Unchanged
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: $0.016 +14.29%
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.0225 -2.17%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak accepts no responsibility for any views expressed and marketing material contained in this email except where the message specifically states otherwise and the sender is authorised to state them to be the views of Peak. Information provided in this email is general advise only and does take account your objectives, financial situation or needs. Before acting on any advice in this email, Peak recommends that you consider whether it is appropriate for your circumstances. If this email contains reference to any financial products, you should obtain the current Product Disclosure Statement (PDS) or other disclosure documents for the particular products and consider this information before making any decisions regarding the products. The Financial Services Guide (FSG) can be found at www.peakassetmanagement.com.au or by telephoning Peak on 1300 304 460
Comments are closed