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The ASX200 closed the day down about a per cent – with nearly all sectors in the red – as the market awaits Australia’s interest rates decision tomorrow.
The RBA began its first-ever two-day meeting today. But it’s widely tipped to keep the cash rate on hold at 4.35 per cent.
In this bulletin, we’ll discuss Pro Medicus, Bioxyne, MetalsGrove Mining, Silver Lake Resources, Deep Yellow and Appen.
In the green
Healthcare informatics giant, Pro Medicus (ASX:PME) was up more than three and a half per cent after announcing its wholly-owned US subsidiary, Visage Imaging, is launching its Visage Ease VP product for Apple’s new spatial computing program and virtual reality ‘Vision Pro’ headset.
Visage Ease VP has been purpose-built for the Apple ecosystem and this move will allow analysis of diagnostic images in a virtual environment.
PME closed at $108.63.
Medicinal company Bioxyne (ASX:BXN) gained 16 per cent thanks to its subsidiary Breathe Life Sciences (BLS), securing a Therapeutic Goods Administration (TGA) Good Manufacturing Practice (GMP) license to manufacture cannabis, psilocybin and MDMA.
This year, Bioxyne plans to register the Psilocybin and MDMA capsules with the TGA for export to supply companies, universities, and clinical trials worldwide.
BXN closed at 1.4 cents.
Australian explorer MetalsGrove Mining (ASX:MGA) was up close to 10 per cent on news its technical team is up and running with exploration work at the Arcturas Lithium project in Zimbabwe.
Recent rock chip sample assay results for Arcturas returned up to 2.5 per cent lithium oxide.
MGA closed at 5.7 cents
And gold producer Red 5 (ASX:RED) gained three per cent on plans to merge with Silver Lake Resources (ASX:SLR)…
Red 5 closed at 34 cents.
In the red
While the merger news was good for Red 5, Silver Lake Resources shed nearly 12 per cent.
Silver Lake shareholders are set to receive 3.43 Red 5 shares for every SLR share they hold, securing 48.3 per cent ownership.
The merged entity would be of a scale of producing 445 thousand ounces of gold for the 2024 financial year, with 4 million ounces of ore reserve.
Silver Lake closed at $1.12.
Uranium explorer Deep Yellow (ASX:DYL) was down more than four per cent despite announcing its expanding drilling activities in Namibia, in a bid to bulk up its JORC resource.
Drilling will kick off later in the month at Tumas 3, with about 13,000 metres of RC drilling.
DYL closed at $1.61.
And AI-driven language data services company Appen (ASX:APX) was down nearly five and a half per cent to a record low, on news its CEO and managing director, Armughan Ahmad, had stepped down.
Ryan Kolln replaced him today and will be based out of North America.
APX closed at 26.5 cents.
