Stocks of the Hour: Rex Minerals, Gold Mountain, FBR

08Jul

Stocks of the Hour: Rex Minerals, Gold Mountain, FBR

 

Rex Minerals (ASX:RXM) has entered into a SID with its major shareholder MACH Metals Australia to acquire all of the shares it does not already own for cash consideration of $0.47 per share. The Rex Minerals board unanimously recommends the transaction. Shares are trading 63.64 per cent higher at 45 cents.

Gold Mountain (ASX:GMN) announced highly anomalous widespread rare earths assays and radiometric anomalies confirmed on the Down Under REE Project. GMN assay results in stream sediment samples compare more than favourably with the geochemical samples taken from known mineralised catchments. Shares are trading flat at 0.25 cents.

Robotic technology company FBR Limited (ASX:FBR) announced that its first next-generation Hadrian X® construction robot has arrived in the United States. Once unloaded from the ship and cleared of customs, the next-generation Hadrian X® will be transported to a facility in Fort Myers, Florida. Shares are trading 21.87 per cent higher at 3.9 cents.
 
Copyright 2024 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

13Apr

Clinuvel Pharmaceuticals (ASX:CUV) strategic update fails to boost investor appetite

12 Apr 2021 - Genetic and vascular disorder treatment company Clinuvel Pharmaceuticals (ASX:CUV) released a new strategic update on Monday.

Read More
18Sep

Zlatko Todorcevski leaves Coles (ASX:COL)

18 Sep 2020 - Zlatko Todorcevski has retired as non-executive director of Coles Group (ASX:COL).

Read More
23Mar

Market open: Tech leads as materials fall, ASX up 0.4% in muted trade

23 Mar 2022 - A snapshot of the stocks on the move at the market open.

Read More
14Jul

Augusta Capital pushes to accept Centuria Capital Group (ASX:CNI) offer

14 Jul 2020 - Centuria Capital Group (ASX:CNI) has received a nod for its bid for New-Zealand-based property manager.Augusta Capital.

Read More
26Feb

Michael Hill International (ASX:MHJ) see NPAT rise 19.6%

26 Feb 2020 - Jeweller Michael Hill International (ASX:MHJ) today announced its half year financial results period ending 29 December 2019 showing statutory net profit after tax increased by 19.6 per cent to $21.4 million, up from $17.9 million in the same corresponding period.

Read More
14Jan

Wattle Health’s (ASX:WHA) board receives a makeover

14 Jan 2020 - Wattle Health (ASX:WHA) has announced a major board shake up in the wake of a disappointing capital raising.

Read More
26Aug

Stocks of the Hour: A2 Milk, Qantas & Woolworths

26 Aug 2021 - A snapshot of the stocks on the move featuring the A2 Milk company’s (ASX:A2M), Qantas (ASX:QAN) and Woolworths (ASX:WOW).

Read More
27Dec

Hidden Gems 2023 Highlights: Real Estate

28 Dec 2024 - A selection of some of the Real Estate companies that presented with us in 2023.

Read More
16Apr

Mineral Resources (ASX:MIN) suffers from haulage delay

16 Apr 2021 - Western Australia- focused miner Mineral Resources (ASX:MIN) has suffered from logistical difficulty associated with coronavirus-induced border closures. The state’s tight border arrangement has taken its toll on the company’s supply of truck drivers.

Read More
18Feb

Seven Group Holdings (ASX:SVW) report mixed results for their first half

18 Feb 2021 - Industrial services, media, energy and investment company Seven Group Holdings' (ASX:SVW) report their underlying net profit after tax is down 3% to $247 million for the half year compared to prior corresponding period.

Read More