New Hope Shares Bounce as Malabar Ownership Moves To 100%
New Hope shares (ASX: NHC) bounced today, with a supportive coal backdrop being aided by news that the company has agreed to acquire full ownership of Malabar Resources in an all-scrip deal. Reduced Chines output for the month of September has also raised supply concerns, pushing coal names higher on the day. The New Hope…
Challenger Shares At Highest Level In Years Following Takeover Bid
Challenger shares (ASX: CGF) rose to their highest level since 2018 today, after Japan’s Dai-ichi Life Group submitted a non-binding takeover proposal and the company posted record quarterly annuity sales, driving the stock towards the top of the ASX 200 leaderboard. Price Targets The Challenger share price closed up 19.29% at A$11.75 on the ASX,…
Cleanaway Shares Lead ASX 200 on Binding EQT Takeover Bid
Cleanaway Waste Management shares (ASX: CWY) shifted from Friday’s worst performer into Monday’s standout on the ASX 200, after its board unanimously recommended a binding cash acquisition by Swedish private equity giant EQT Infrastructure. The deal, valued at an enterprise value of approximately A$9.3 billion, marks one of the largest infrastructure transactions on the Australian…
Brazilian Rare Earths Shares Fall 50% in Three Weeks: The Latest
Brazilian Rare Earths shares (ASX: BRE) have shed half their market value in just three weeks, hitting a 52-week low at A$1.92 into the weekend. The BRE share price will head into this week’s open at A$1.96 after a brutal three-week sell-off that just saw the stock fall 36.16% last week. That followed up double-digit…
Ora Banda Mining Shares Up 40% In 3 Months: Reclaim Key Moving Average
Ora Banda Mining shares (ASX: OBM) have reclaimed the 200-day SMA for the first time in months, supported by record financial results and an expanding resource base that are beginning to shift market sentiment in favour of the bulls. The Ora Banda share price added 6.44% on Friday to close at A$1.405, firmly up and…
Zip Co Shares Gain for Third Week, Reverse Split Planned
Zip Co shares (ASX: ZIP) are riding some positive momentum heading into its November AGM, where shareholders will vote on a landmark 5-for-1 share consolidation designed to reshape the buy-now-pay-later firm’s capital structure and broaden its institutional appeal. You may have heard this called a ‘reverse split’, with the two things essentially one and the…
Sunrise Energy Metals Shares Find Support at 200-Day SMA: But Can It Hold?
Sunrise Energy Metals shares (ASX: SRL) jumped 12.76% on Friday to reclaim the top spot on the S&P/ASX 200 for the day, as a critical technical support level held into the weekend. This set’s the stage for a potentially pivotal week for sentiment in SRL. Looking to the Friday session, SRL shares closed at A$15.73,…
EOS Shares Add 10% Into Weekend, But Red On Week: What Next?
Electro Optic Systems shares (ASX: EOS) added double digits into the weekend, reclaiming a critical technical level, even as the weekly result still reads firmly negative. The EOS share price rounded out the week with a 10.07% gain on Friday to A$9.40, delivering a welcome reprieve for holders that had watched the stock slip beneath…
Alcoa Shares Bounce Off Lows, As Quarterly Earnings Grow
Alcoa shares (ASX: AAI) reacted well to earnings, adding 4.56% after a stronger-than-expected third-quarter gave markets a reason to reassess after a period of sustained selling pressure. The Alcoa share price closed out the week at A$59.38, rebounding from what had been the stock’s lowest point of 2026. The move came in response to a…
Santos Rally Capped At Six, As Shares Make Decade Highs
Santos shares (ASX:STO) briefly touched its highest share price in a decade on Friday before easing into the close, capping another positive week that keeps the stock near the top of the outperformers on the ASX 200. The Santos share price hit an intraday high of A$9.24 during Friday’s session, a level not seen in…
