Happy Friday!
There are clear signs the biotech sector is springing back to life after a disappointing 2022.
The benchmark US Biotech ETF index, also known as the XBI, has quietly risen by 3% over the past six months.
In Australia, the S&P/ASX 200 Health Care [XHJ] index has also climbed by 10% this year, outpacing the benchmark ASX200 gain of 2%.
This comes as the big institutional funds have begun to re-enter the picture.
Click here to read more.
Across markets…
Australian shares are set to end the week on a positive note. US stocks advanced broadly, with information tech leading nine of the S&P 500’s industry sectors higher.
ASX futures were up 46 points or 0.65% to 7171 near 7am AEST.
- On Wall St: Dow +0.5% S&P +1% Nasdaq +1.3%
- In New York: BHP +2.7% Rio +3.4% Atlassian-2%
- Tesla +1.8% Apple +1.6% Amazon +1.8% Nvidia +5.1%
The VIX tumbled more than 12 per cent after the debt ceiling bill passed the House and as its approval by the Senate was awaited. The Senate is expected to vote as early as late Thursday in Washington, averting a potential default next week.
The local currency rebounded more than 1 per cent; the Bloomberg dollar spot index slid 0.6 per cent.
On bitstamp.net, bitcoin was 0.7 per cent lower to $US26,918 at 7.05am AEST.
Source: AFR
The tussle between Australian billionaires Andrew Forrest and Mike Cannon-Brookes over the fate of the ambitious Sun Cable renewable energy project has concluded in the latter’s favour.
Which means that the plan to spend something on the order of $30bn to build the world’s largest solar farm backed by an equally massive battery and a cable to take electricity generated or stored by the project to Singapore is back on.
Or is it?
After all there are plenty of arguments against its viability, with critics pointing to the multitude of challenges be they technical, political or financial.
But this is not about whether Sun Cable is viable or not, rather Power Up would just like to take the opportunity to point out that the willingness of the two billionaires to even battle it out for the right to throw large sums of money at a project with so many challenges is a clear sign that transition towards renewable energy is well and truly accelerating.
And there are more examples of this.
Source: Stockhead
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.20 -9.09%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.18 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: $0.031 +6.90%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.01 +11.11%
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.02 with a 2:3 CDTOA
Today’s Price Change: $0.015 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 Listed Option
Today’s Price Change: $0.013 -7.14%
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.062 +1.64%
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: $0.27 Unchanged
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.005
Today’s Price Change: $0.004 -20.00%
Company: iCandy (ASX:ICI)
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.044 Unchanged
Company: Fatfish Group (ASX:FFG)
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.016 Unchanged
Company: Lobe Sciences (CSE:LOBE)
Sector: Medtech
Deal Type: Pre-IPO
Raise Amount: $1.5M
Latest Entry Price: $0.05 with a 1:1 Warrants
Today’s Price Change: $0.03 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.84 -2.91%
Company: ReNu Energy Limited (ASX:RNE)
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.06 with a 1:1 RNEO
Today’s Price Change: $0.045 -2.17%
Company: Cipherpoint Limited (ASX:CPT)
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.005 with a 1:1 Listed Option
Today’s Price Change: $0.007 Unchanged
Company: Metals Australia Limited (ASX:MLS)
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 MLSOD
Today’s Price Change: $0.034 -5.56%
Company: BBX Minerals Ltd (ASX:BBX)
Sector: Mining
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.082 with a 1:1 BBXOA
Today’s Price Change: $0.055 -1.79%
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.004 -20.00%
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: $0.019 +5.56%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
