Stocks to watch on the Australian stock exchange:
AGO – ATLAS IRON – down 0.75 cents, or 16.85 per cent, at 3.7 cents
Atlas Iron shares have taken a battering after the Western Australian government indicated potential buyers of the junior miner may not be able to develop valuable export infrastructure.
BUB – BUBS AUSTRALIA – in a trading halt, last traded at 89.5 cents
Shares in Bubs Australia have been placed in a trading halt ahead of a capital raising by the Infant formula maker.
DRO – DRONESHIELD – up 3 cents, or 16.7 per cent, at 21 cents
Shares in DroneShield have soared after the drone security firm won its biggest ever order for DroneGuns, a device that disables drones electronically.
TWE – TREASURY WINE ESTATES – up 20 cents, or 1.2 per cent, at $17.42
Australian company Treasury Wine Estates recently complained of holdups at Chinese ports, now wine shipments from Pernod Ricard’s Australian business has become the first foreign company to be harmed by a deterioration in relations between Australia and China.