Mid-Week Top 10 ASX Companies

The S&P/ASX 200 Index closed slight higher today at 0.4 percent as Commonwealth Bank (ASX:CBA) overcame a late rally to reach 1.9 percent gains after some positive annoucements.

As buyers swoop up Iron ore stocks following an upgrade to “buy” status by UBS, BHP Group (ASX:BHP) moved 0.9 per cent, Rio Tinto (ASX:RIO) improved 1.4 percent and Fortescue Metals Group (ASX:FMG) closed 3.9 per cent higher to round up the strong performers from this sector.

Across the other blue chips, CSL (ASX:CSL) and Telstra (ASX:TLS) both improved slightly at 0.8 percent and 1.3 percent respectively.

Regional Express Holdings (ASX:REX) took the top gainers spot today with a resounding 32 percent increase as the travel sector began its route to recovery after easing of travelling lockdown measures.

Regional Express Holdings (ASX:REX)
The company made an announcement today releasing to the ASX that Regional Express has been approached by several parties that are interested in providing the equity needed for it to start domestic operations in Australia. The insiders of the company currently hold 18% and Trading volume was almost 17 times the 20-day average. The shares increased 32% to A$1.19 from 90 Australian cents in the previous session. The company’s dividend yield is 9.4 percent on a trailing 12-month basis.

Moelis Australia (ASX:MOE)
The shares increased to A$3.25 from A$2.78 in the previous session. Insiders hold a 20 percent stake. In the past six months, they increased their holdings by 1.3 percent. Officers and directors disclosed no open market purchases or sales in the past six months. The company released an operational update today highlight that the company had as of the 30 April 2020, Net Assets of $191.9 million including $134.3 million cash and over $155 million of investments.

American Pacific Borates (ASX:ABR)
The shares increased to 45 Australian cents from 39 Australian cents in the previous session. Trading volume was 85 percent above the 20-day average. Insiders hold a 2.8 percent stake. The company traded A$610,474 worth of shares today.

TerraCom (ASX:TER)
Trading volume was 49 percent above the 20-day average. The shares increased to 15 Australian cents from 13 Australian cents in the previous session. Insiders hold a 0.5 percent stake. In the past six months, they increased their holdings by 35 percent. Officers and directors disclosed 1.03 million shares of open market purchases at an average price of 17 Australian cents a share and no sales.

Comet Ridge (ASX:COI)
The shares increased to 9 Australian cents from 8 Australian cents in the previous session. Insiders hold a 3.6 percent stake. In the past six months, they increased their holdings by 2 percent. Officers and directors disclosed 400,000 shares of open market purchases at an average price of 19 Australian cents a share and no sales. Comet Ridge declined 70 percent in the past 52 weeks.

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