Monday Movers – Top 10 ASX Companies Today

The S&P/ASX200 Index recovered nearly 1 percent back by strong performance in European and US futures.

Mining and resources giants performed admirably after rising iron ores prices as Fortescue Metals Group (ASX:FMG) surged 3.4 percent to close at an all-time high, BHP Billiton (ASX:BHP) firmed 2.2 percent and Rio Tinto (ASX:RIO) grew 1.9 percent.

Financials sector put up a good show as Platinum Asset Management (ASX:PTM) soared 6.8 percent and Commonwealth Bank (ASX:CBA) rose 2.1 percent.

Prospect Resources Ltd (ASX:PSC)
Junior battery minerals miner PSC skyrocketed 62.5 percent to top the table today. Last Monday, PSC had picked Renaissance Securities Capital as its exclusive financial advisor for the possible sale of shares in Zimbabwe’s Arcadia Lithium mine to Russian energy firm Uranium One. (Source: NASDAQ)

Openpay Group Ltd (ASX:OPY)
Rising BNPL star OPY soared 38.7 percent today with many comparing OPY with APT’s remarkable rise in recently months but also concerns of a bubble around the whole BNPL sector including Z1P and SZL. OPY has gained more than 650% to date since the end of March.

Race Oncology Ltd (ASX:RAC)
Specialty pharma RAC rose 24.5 percent after securing AUD 3 million strategic investment capital from three prominent Oz-based biotech investors. This raise will be used to fund the bisantrene phase two combination Acute Myeloid Leukaemia (AML) trial slated to begin at the end of 2020.

Vip Gloves Ltd (ASX:VIP)
Clinical glove manufacturer gained 23.6 percent amid growing demand globally for PPE and clinical consumables in the current COVID-19 pandemic. Macquarie Bank recently gave a positive forecast on the industry as countries worldwide are racing to contain the virus.

Respiri Ltd (ASX:RSH)
Respiratory tech RSH finished 19.6 percent higher to squeeze into the top 5. CEO and MD, Marjan Mikel, recently mentioned in an interview that health insurers have increased spending preventative health sector particularly for mature products like RSH.

Leave your comments below and subscribe to our mailing list if you wished to be informed of future news and updates.

Want to be on the list next time this company raises capital? Open an account with Fresh Equities and start exploring capital raises – freshequities.com