Happy hump day!
ECS Botanics (ASX:ECS) was loving Tuesday after revealing it had signed a fab new $24 million offtake agreement to supply medicinal cannabis dried flower over the next five years to MediCann Health.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,826.47 (-0.05%)
Silver: US$21.12 (+0.24%)
Nickel (3mth): US$18,694/t (-1.02%)
Copper (3mth): US$8,053.00/t (-2.63%)
Oil (WTI): US$88.89 (+0.10%)
Oil (Brent): US$90.55 (-0.21%)
Iron 62pc Fe: US$119.50/t (+0.04%)
AUD/USD: 0.631 (-0.72%)
Bitcoin: US$27,604.10 (-2.50%)
Across markets
Australian shares are set to fall, tracking losses on Wall Street which continue to adjust to data showing a stubbornly resilient US economy, opening the door to still higher interest rates.
ASX futures were down 35 points or 0.5% to 6929 near 7am AEDT, paring earlier losses similar to what happened late in New York’s session.
- On Wall St: Dow -1.3% S&P -1.4% Nasdaq -1.9%
- In New York: BHP -1.8% Rio -2.1% Atlassian -3.5%
- Tesla -2% Apple -0.8% Amazon -3.7% VIX +12%
Wednesday’s agenda: RBNZ policy decision at 12pm AEDT
The latest US Job Openings and Labor Turnover Survey, or JOLTS, report showed that the number of available positions rose to 9.61 million in August from less than 9 million in July. Economists polled by Reuters had forecast 8.8 million job openings in August.
Sentiment was further hit when Federal Reserve Bank of Cleveland president Loretta Mester told reporters she’d likely vote for a rate increase in November if the economy is as strong then as it was in September.
Source:AFR
- Pro Medicus celebrates 40 years of business, growing to a $8.75 billion market cap
- Co-founder Dr Sam Hupert says medical imaging increasingly important in diagnostics
- Hupert says artificial intelligence is well suited to medical imaging
A shared passion for Burgundy wine united now Australian billionaires and founders of health imaging company Pro Medicus (ASX:PME) Dr Sam Hupert and Anthony Hall, who met at a wine tasting event back in the early 1980s.
Founded 40 years ago PME has become an Australian biotech success story with its “anti-radiologist burnout tool”. Their initial inspiration was to harness the potential of emerging computer technology to benefit doctors.
PME introduced secure email and digital systems for medical professionals in Australia and in the early 1990s secured one of Australia’s first internet domain names.
Hupert and Hall seized the opportunity when the price of silver soared, causing X-ray film costs to rise and prompting radiologists to increasingly rely on computers.
Operating from the same building in Melbourne for nearly a quarter of a century, PME listed on the ASX in 2000, made some game-changing acquisitions and now has a market cap of $8.75 billion with the co-founders each maintaining a significant 25% ownership.
Source: Stockhead
Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.014 +27.27%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.20
Today’s Price Change: $0.17 -2.86%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.12 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: $0.007 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: $0.024 Unchanged
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: $0.008 Unchanged
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: $0.01 Unchanged
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 -8.33%
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: $0.042 Unchanged
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: $0.175 -7.89%
Company: Tymlez Ltd (ASX:TYM)
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.004 with a 1:1 option
Today’s Price Change: $0.003 Unchanged
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: $0.035 -2.78%
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: $0.011 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.59 -0.84%
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: $0.029 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: $0.017 Unchanged
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: $0.004 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: $0.027 +22.73%
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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