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The market has settled significantly higher after market close, seeing it end the day more or less flat after trading down about a third of a per cent through most of the session.
Energy did a real turnaround, going from being down by 1.77 per cent to in the green by a quarter of a per cent.
And utilities had a late run to end up in front, gaining more than .8 of a per cent.
In the green
Invictus Energy (ASX:IVZ) gained 28 per cent after the company revealed a gas discovery in the Mukuyu-2 well at Cabora Bassa Project in Zimbabwe. Invictus owns 80 per cent of the project.
Invictus finished the day at 20.5 cents.
Elixir Energy (ASX:EXR) added 7.7 per cent after reporting an unexpected gas-bearing zone within its Daydream-2 appraisal well in its Grandis gas project in Queensland.
Gas flowed to the surface without any stimulation. The 4300-metre Daydream-2 well was drilled ahead of schedule and under budget.
EXR closed the day at 9.7 cents.
And Little Green Pharma (ASX:LGP) gained four per cent as it announced it’s in a prime position to break into the French market – after a major amendment to the country’s health security bill.
The amendment paves the way for the integration of medicinal cannabis into the national healthcare system starting with a 9-month transitional period during which LGP and select suppliers will exclusively provide medicinal cannabis to patients in a pilot program.
LGP finished the day at 13 cents.
In the red
Solis Minerals (ASX:SLM) dropped 21 per cent on an update on drilling at the Estrela and Mina Vermelha lithium projects in Brazil.
Pegmatite intersections with visible spodumene were spotted in six of the 14 drillholes completed to date. But some HotCopper commentators weren’t impressed by the extent of the ‘visual’ mineralisation and SLM dropped to 12.5 cents.
Blackstone Minerals (ASX:BSX) has dipped 19.5 after announcing a $3 million institutional raise component of an entitlement offer priced at 7 cents.
A Retail Entitlement Offer is expected to open next Tuesday as the company strives for an overall total of $10.2 million to secure the Wabowden nickel sulphide project in Canada in an $80 million cash and scrip deal.
BSX finished the day at 7 cents.
And Origin Energy (ASX:ORG) has fallen more than .6 of a per cent following the formal rejection of the Brookfield-EIG bid to buy the company.
ORG closed the day at $7.95.
