Another case of mistaken identity!
Tiny West Australian mining company was caught up in the investing craze surrounding US company Gamestop….
Thanks to its ASX code matching that of the American video game retailer.
GME Resources skyrocketed over 50% to 12 cents, its highest level since 2018.
At least it was a good trading day for some!
Across markets…
The ASX 200 repaired the worst of its earlier losses but still fell by 1.9 per cent on Thursday to record its worst single-day performance since September.
The local benchmark fell by 130.9 points to close at 6649.7, with only the utilities sector finishing in front. Packaging firm Amcor was the only of the top 20 biggest companies by market cap to finish higher.
US futures are pointing to further losses on Wall Street tonight.
Source: SMH
A reconnaissance surface sampling program by Venus Metals (ASX: VMC) at its Nardoo Hill West project has produced highly anomalous rare earth elements (REE).
Nardoo Hill West is located about 350km east of Carnarvon in the Gascoyne region of Western Australia.
Venus is also exploring there for associated tantalum and niobium.
It neighbours the Nardoo Hill project which Venus last year sold to eMetals Limited (ASX: EMT).
As part of the sale, Venus has 9.1% interest in eMetals.
eMetals also has been working to find REE on its ground which is directly east of Venus’ project. eMetals’ ground contains the Cairn Hill REE anomaly.
Source: Small Caps
China stocks fell sharply on Thursday as persistent tight cash conditions in the interbank money market stoked fears that policymakers may be starting to shift to a tighter stance to cool gains in share prices and property markets.
Hong Kong shares also declined, tracking overnight sell-offs on Wall Street.
One of China’s key short-term money rates surged to a near six-year high, driven by a combination of the central bank’s extended net drain of cash from the financial system and higher holiday demand.
The People’s Bank of China (PBOC) injected 100 billion yuan ($15.44 billion) via open market operations earlier in the day, but it still withdrew 150 billion yuan on a net basis as 250 billion yuan was set to expire. It has drained a net 568.5 billion yuan so far this week.
Source: Reuters
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 -4.17%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.33 -12%
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.058 -1.69%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.049 -2%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.2 -4.76%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.045 +2.72%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.135 -3.57%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.032 -8.57%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.3 -3.36%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.041 +2.5%
Sector: mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.017 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3M
Price Change: $0.068 +3.03%
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted Therapy
Year: 2020
Deal Type: Pre IPO
Raise Amount: $1.5m
Price Change: CAD $0.12 -4.17%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $333k
Sector: Gaming & Digital Advertising
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Price Change: $0.0080 Unchanged
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.011 Unchanged
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