And we’re back!
Hope you’ve enjoyed the break and are geared up for a big year.
The PEAK team is feeling recharged and ready to go.
Across Markets…
- ASX falls ahead of a flurry of economics data this week
- Uranium stocks up after an announcement from the UK government
- GQG Partners reports record FUM
The Aussie stock market continued its horror start to the year, down another half a percent on Monday. The benchmark index has now lost almost 2% in 2024.
Local traders are wary ahead of a flurry of economic data this week, including the Monthly CPI Indicator on Wednesday, and US Consumer Inflation expectations later tonight.
The market is also cautious after a stronger-than-expected jobs data in the US released on Friday, which has cast doubt on the timing of the Fed Reserve’s interest rates cutting.
Futures are now implying a 75% chance of a Fed cut in March, down from 90% probability last week.
“The US jobs data affords the Fed plenty of flexibility to delay cutting rates early in 2024,” said BMO Capital’s Ian Lyngen.
On the ASX, all 11 sectors were down today, led by Mining and Tech sectors. The Energy sector, which was in the green earlier this morning, also turned red in the last hour of trading.
The best performing segment was uranium stocks, with Paladin Energy (ASX:PDN) top of the winners’ list, up almost 3%.
Uranium shares rose after news on the weekend that the UK intends to become the first country in Europe to produce its own high-grade low-enriched uranium fuel (HALEU) for nuclear reactors, which is currently only available from Russia.
The UK government said it would invest £300 million (US$382 million) in HALEU – a move that could “displace” Moscow from global energy markets.
Across the region, stocks in Asia mostly dropped today, led by a selloff in tech shares in Hong Kong.
Investors are now waiting for China’s CPI and PPI data later this week to give a better guide on the outlook for its central-bank policy.
Source: Stockhead
Specialist live biotherapeutics health company Biome Australia (ASX: BIO) has significantly increased its full year revenue guidance to $12.5 million, boosted by better-than-expected sales in recent months.
The new target comes just months after Biome revealed it was forecast to achieve a significantly improved full year 2024 revenue of $11.5m.
The new target represents 74% growth on the FY23 return of $7.2m.
Earlier this month, Biome announced unaudited half year sales revenue of approximately $6m and second quarter (Q2) unaudited sales revenue of around $3.3m.
Those results represented growth of 77.7% for the half year and 83.3% growth for Q2.
The company also achieved 20.4% quarter-on-quarter growth in Q2, which managing director and founder Blair Vega Norfolk said is traditionally a seasonally-weaker reporting period due to the short month in December and the focus in pharmacy shifting to Christmas gifting.
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: $0.005 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: $0.125 Unchanged
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.135 -6.90%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.0045 -18.18%
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 Unchanged
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: $0.008 -11.11%
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: $0.013 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 -4.92%
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: $0.17 -2.86%
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
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: $0.425 -6.59%
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: $0.03 +3.45%
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: $0.015 Unchanged
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.022 -2.22%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
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