Can Deep Yellow (ASX: DYL) Beat the Short Sellers?
Uranium explorer Deep Yellow has found its shares among the most shorted on the ASX. The company’s flagship asset is the Tumas Project in Namibia, Africa. Deep Yellow completed a $220 million dollar capital raise to continue funding exploration and development at Tumas. The rush of countries adopting ambitious carbon emission reduction targets coupled with…
Neurotech International (ASX:NTI) Extends NTI164 Rett Syndrome Clinical Trial to a Year
The biopharmaceutical development company Neurotech International (ASX:NTI) is extending the beacon of hope for those affected by Rett Syndrome with a significant expansion of its Phase I/II clinical trial. The investigation into the NTI164 drug formulation, derived from a specialized cannabis strain, will now continue for 52 weeks, marking an ambitious step in the hunt…
Insurance Australia Group’s Vigorous Stock Performance Amidst Modest Fundamentals
Investors in Insurance Australia Group Limited (ASX: IAG) have witnessed an encouraging stock performance with shares climbing 8.9% over the past three months. Amid this upward trend, analytical minds are considering whether IAG’s stock movements are rooted in solid financial fundamentals or if they stem from other market forces. For stakeholders, return on equity (ROE)…
Has Westpac Chairman Steven Gregg Set Timeline for CEO Transition?
Westpac Banking Corporation has embarked on an urgent quest to appoint a new Chief Executive Officer (CEO) before the year’s end, as newly instated chairman Steven Gregg has informed a select gathering of analysts and investors. The current CEO, Peter King, who has been at the helm of the institution during a time of substantial…
Retail Resilience Lifts ASX 200 Despite Commodities Crunch
In a session marked by a contrasting performance across sectors, the S&P/ASX 200 managed to carve out gains, closing up 0.22% or 16.9 points despite a backdrop of languishing commodities prices that weighed heavily on resource stocks. The resilience of the Australian market was primarily underpinned by robust activity within the Consumer Discretionary sector, which…
Is Under the Rada Cobram Estates Olives (ASX: CBO) a BUY?
Cobram Estates Olives began business in 1998, listing on the ASX in 2021. The company produces 71% of the olive oil crop in Australia. Cobram Estates now has growing and milling operations in the United States. Cobram Estates grows and processes olives into five branded products using the company’s proprietary growing system – Oliv.iQ®. The…
Iron Ore Slump Tests Mettle of Mining Giants BHP, Rio Tinto, and Fortescue
Investors in three of the world’s major iron ore producers, BHP (ASX: BHP), Rio Tinto (ASX: RIO), and Fortescue Metals Group (ASX: FMG), are facing pressures as their share prices have tumbled significantly. With declines ranging from 15 to 20% from their year-to-date highs, these companies have been affected by a notable downturn in iron…
Australian Stocks Marginally Higher with Tech and Gold Leading the Charge
In the latest trade session, Australian stocks saw a modest uptick, powered by positive movements in the Gold, Information Technology, and Utilities sectors. The S&P/ASX 200, a benchmark index representative of the Australian equity market, reported an increase of 0.11% at the market’s close in Sydney, reflecting cautious optimism among investors. Specifically, standout performers for…
Pioneering Copper Exploration: GCX Metals Launches Drilling Campaign at Dante Project
GCX Metals (ASX:GCX) has embarked on an ambitious journey to unearth the copper wealth of its Dante project in the prolific West Musgrave region with the initiation of its first Reverse Circulation (RC) drilling campaign. The company has spotlighted approximately 7,000 meters of magmatic copper-gold sulphide targets, underpinning the potential magnitude of mineral resources at…
eToro Shares : Australia Regulated Trading App Considering IPO in New York or London
eToro stock may become available for investors through a much anticipated IPO, that was originally slated in the form of a SPAC before that model came under pressure. In a significant development that epitomizes the current activity increase in retail trading, eToro is reportedly contemplating a stock exchange listing that could see the company valued…
