10 ASX Companies That Performed On Top Today - 29 May 2020
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The S&P/ASX200Index was up five week-in-a-row to close at 4.7 percent higher despite falling 1.6 percent today. This is also the best back-to-back monthly advance since July 2019.
The big four Banking blue chips slid across the board on Friday despite performing decently for the week as Westpac(ASX:WBC) fell 6 percent, National Australia Bank (ASX:NAB) conceded 5.2 percent, ANZ (ASX:ANZ) and Commonwealth Bank (ASX:CBA) both lost 4.5 percent and 3 percent respectively.
Mining sector performed generally well today especially those in the Gold industry — Northern Star (ASX:NST) surged 7.6 percent, Evolution Mining (ASX:EVN) firmed 4.3 percent and Newcrets (ASX:NCM) gained 2.6 percent.
Biopharmaceutical giant CSL (ASX:CSL) retreated 3.9 percent on Friday making it the fourth worst performer on the Index for May with a month-to-date drop of 10.7 percent.
Motorcycle Holdings Ltd (ASX:MTO) MTO took the top spot today to close 23.6 percent higher. It was also in the top 3 spot last Friday when it gained 18.6 percent on its road to recovery ever since the turnaround in share price since 25 March. As quoted from MTO’s website: “MotorCycle Holdings is Australia’s leading motorcycle dealership and accessories group with 48 franchises operated from 31 dealership and 8 retail accessory locations in Queensland, New South Wales, Victoria and the Australian Capital Territory. MotorCycle Holdings’ core business consists of the ownership and operation of motorcycle dealerships and retail accessories outlets engaging in the sale of new motorcycles, used motorcycles, accessories and parts, finance, insurance and warranty as well as service and repair. MotorCycle Holdings also owns and operates a rider training school and a motorcycle repair business which performs smash repair work for insurers. In October 2017 the Group acquired of Cassons Pty Ltd and now also operates a motorcycle accessories wholesaling business. The Company represents a diverse portfolio of brands. In the new motorcycle category MotorCycle Holdings sells 8 of the top 10 selling motorcycle brands in Australia (by number of new motorcycle sales). In 2018 these 8 brands represented 88% of Australian new motorcycle volume. In the used motorcycle category the Company sells all of the top 10 selling brands (by number of used motorcycle sales) in Australia.”
Highfield Resources Ltd (ASX:HFR) HFR’s share price went up 17.6 percent today after recent AGM presentation on Wednesday. HFR is progressing with drilling at the Vipasca permit area within the project and has updated the ore reserve estimate for Muga to 108.7 million tonnes of proved and probable reserves at 10.2% potassium oxide, with 27 years life of mine.
Calidus Resources Ltd (ASX:CAI) Share price for CAI was up 17.5 percent today. On Wednesday, CAI announced to acquire Otways Project near Warrawoona which it can earn an interestof up to 70% in tenements that host the Otways Project and Reedies porphyry prospect, 50km from its flagship Warrawoona Gold Project in WA’s Pilbara.
Blackham Resources Ltd (ASX:BLK) On Tuesday, BLK released an ASX announcement titled “Outstanding drill results confirm Wiluna sulphide strategy”. These results from recent drilling at the Essex and Bulletin lodes include 14.45m at 17.16 grams per tonne gold from 18.95m; 12.4m at 7.93g/t gold; 12m at 7.01g/t gold; and 6m at 53.73g/t gold, including 1m at 283g/t gold.
Triton Minerals Ltd (ASX:TON) Graphite producer, TON saw its share price up 13 percent on Friday. According to Triton’s 14 May ASX announcement: “Triton notes that the change in the price of Triton securities and the significant increase in the volume of securities traded may also be prompted by increased investor confidence in the Company from previous announcements in March 2020 and April 2020. The Company has previously announced that its strategic partners had advised that business was returning to normal in China following the rapid Chinese response to COVID-19 and that the Board anticipated the acceleration of financing discussions in China and construction to commence in Q3 2020. In addition, the Chairman of the Company’s largest shareholder provided a strong message of support for the Company, expressing confidence in a very positive future for Triton.”
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10 ASX Companies That Performed On Top Today - 23 June 2020
The S&P/ASX200 Index firmed 0.2 percent to mark its third straight trading day gains.
Miners recovered marginally as Rio Tinto (ASX:RIO) gained 1.4 percent, Fortescue Metals Group (ASX:FMG) rose 1.3 percent and BHP Group (ASX:BHP) recovered 0.8 percent.
Other notable gainers such as real estate group Cromwell Property Group (ASX:CMW) soared 8.1 percent, diversified logistics and infrastructure giant Qube Holdings (ASX:QUB) advanced 7.8 percent, insurance firm AMP Limited (ASX:AMP) soared 7.9 percent and rare-earths miner Lynas Corporation Ltd (ASX:LYC) closed 6 percent higher for the day.
Kalamazoo Resources Limited (ASX:KZR) Gold and base metals explorer KZR surged 50.5 percent to top the chart after announcing that they have bought out Northern Star Resources’ (NST) Ashburton Gold Project for a deferred contingent cash consideration of AUD 17.5 million (Source: The Market Herald)
SmartPay Holdings Ltd (ASX:SMP) Innovative EFTPOS payment provider SMP advanced 18% today after releasing its FY20 results. It was reported that SMP had a 34% increase in revenue over the year as a result of strong growth in Australia.
Rox Resources Ltd (ASX:RXL) RXL shares advanced 17.7 percent after recent developments at their Youanmi regional gold exploration project. This latest drilling result will test the down-plunge extensions of the recently discovered gold mineralisation. (Source: MiningNews.net)
Auteco Minerals Ltd (ASX:AUT) Emerging mineral exploration company AUT saw its shares jumped 17.7 percent today. It was recently announced that AUT was on course for its first 5,000-metre diamond drilling program at Pickle Grow Gold Project in Uchi sub-province of Ontario, Canada, targeting high-grade, shallow gold targets (Source: Proactive Investors)
Western Areas Ltd (ASX:WSA) Australia’s leading Nickel producer WSA climbed 16 percent after receiving highly encouraging results from the Sahara prospect within the Western Gawler Project in South Australia as it intersects significant widths of nickel and copper. (Source: The Market Herald)
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10 ASX Companies That Performed On Top Today - 22 June 2020
The S&P/ASX200 Indexadvanced 1.9 percent despite stocks related to travel, tourism and leisure mostly traded below their last trading day.
Amongst the notable losers, Webjet (ASX:WEB) retreated 5 percent, Qantas (ASX:QAN) suffered 4.2 percent, Transurban (ASX:TCL) dropped 4.1 percent and Fight Centre (ASX:FLT) declined4 percent.
The Banking and Mining blue chips traded higher across the board as ANZ (ASX:ANZ)climbed 1.2 percent,Commonwealth Bank (ASX:CBA)finished 1.1 percent higher and resources giant BHP Group (ASX:BHP) improved by 1 percentage point.
Novatti Group Ltd (ASX:NOV) Digital banking and payments firm NOV soared 30 percent today having recently announced its partnership with Alipay to come up with ChinaPayments – a payment platform targeted at Chinese customers to pay Australian bills.
BBX Minerals Ltd (ASX:BBX) Junior gold miner surged 25.9 percent today having announced last week of its arrangement to AUD 8 million standby equity funding facility with US-based investment group LDA Capital that can be used to advance the a metallurgical test plant planned in Brazil.
Rox Resources Ltd (ASX:RXL) RXL shares advanced 24 percent after recent developments at their Youanmi regional gold exploration project. This latest drilling result will test the down-plunge extensions of the recently discovered gold mineralisation. (Source: MiningNews.net)
Cassini Resources Ltd (ASX:CZI) Base metals explorer CZI gained 24 percent after news that OZ minerals were raising its stake in Australia’s largest undeveloped nickel-copper deposit, West Musgrave, to complete control from 70%. OZ Minerals acquired its majority stake in the West Musgrave project in Western Australia from Cassini in 2016, developing the project as a joint venture ever since. (Source: Reuters)
Artemis Resources Ltd (ASX:ARV) Junior gold and copper explorer traded 22.5 percent higher to round up the top 5. Recently, ARV has begun a 13 hole reverse circulation (RC) drilling program at the Munni Munni Platinum Group Element Project in WA. (Source: The Market Herald)
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10 ASX Companies That Performed On Top Today - 18 Jun 2020
The S&P/ASX 200 Index fell 0.9 percent after unfavourable numbers in unemployment rates and job losses across Australia in May as announced today.
Mining and minerals blue chips tumbled a second day as Fortescue Metals Group (ASX:FMG) fell a further 4.2 percent,Rio Tinto (ASX:RIO) retreated 1.3 percent andBHP Group (ASX:BHP) suffered a 0.9 percent drop.
Goldstocksfell accordingly with the declining gold priceasNorthern Star Resources (ASX:NST) dipped 2.0 percent, Newcrest Mining (ASX:NCM) retreated 1.8 percentandEvolution Mining (ASX:EVN) declined 0.8per cent.
The Banking blue chips did not fare any better as National Australia Bank (ASX:NAB) wiped off0.9 percent and Commonwealth Bank (ASX:CBA) slid0.8 percent.
Splitit Payments Ltd (ASX:SPT)
SPT share price skyrocketed 108 percent after signing a multi-year deal with Mastercard to aid the acceleration and adoption of its payment-instalment scheme globally, given the massive presence of Mastercard amongst retailers around the world.
Berkeley Energia Ltd (ASX:BKY) High impact, clean energy company BKY got into the top 3 for the second time this week after its share price soared 40.3 percent. BKY is currently advancing permitting efforts for its uranium mine development project in western Spain near Madrid as it shifts its focus more on the Spanish capital.
Turners Automotive Group Ltd (ASX:TRA)
Integrated financial services group TRA surged 28.3 percent today after releasing its yearly FY20 results for the year ending 31 March 2020. The group also own Oxford Finance, Autosure, and EC Credit Control. TRA devliered 11 percent increase in underlying NPBT from NZD 26 million to NZD 28.8 million despite a 1 percent decline in revenues.
Firstwave Cloud Technology Ltd (ASX:FCT)
Cloud-based cyber-security solutions provider FCT rose 23.5 percent today. In a recent announcement on 12 June, FCT successfully completed an equity raise of AUD 14.9 million with AUD 9 million from the retail component. This raise is in line with FCT’s strategy of establishing as the leading cybersecurity partner.
Wameja Ltd (ASX:WJA)
Financial services stock WJA saw its shares advanced 21.1 percent to round up the top 5. Wameja & Mastercard are joint venture partners of the HomeSend global payment hub. HomeSend was originally develop as a strategic partnership in 2008 before being launched as a Joint Venture with Mastercard in 2014.
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