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The ASX200 has seen red, closing down 0.98% as reports of Israel launching retaliatory attacks on Iran ripped through global markets on a fateful Friday.
All the sectors are in the red, IT fell the most, down 1.5%, financials and Real-estate followed, down 1.1% and 1.4 per cents respectively.
The bit coining halving event is expected to happen this weekend. It will limit the number of bitcoins in the market, making them more valuable.
Cryptocurrency exchange platform, Swyftx lead market analyst Pav Hundal, said, “It’s a monumental event that comes once every 4 years and has historically had a profound impact on the price of Bitcoin and the wider cryptocurrency market.”
(In the green)
EXR
Elixir Energy (ASX:EXR) is up 13% on an operations update at its Grandis project, in Queensland.
The program will have six separate stages, targeting two coal zones, three tight gas zones and the Lorelle Sandstone.
Flow testing will follow straight after.
EXR closed the day at 13 cents.
MMA
Maronan Metals (ASX:MMA) gained 4.8%, after it responded to the ASX’s query about an announcement released on Monday, regarding unquoted securities.
MMA closed the day at 32.5 cents.
BGD
And, Barton Gold (ASX:BGD) edged up 7.41% after it announced its latest share purchase plan (SPP), intended to raise $1 million, was exceeded by 300%.
The company accepted $2.25 million in applications and a further 9.37 million new shares will be issued.
The company has eligible applications to raise $3.15 million. Shares will be issued on Tuesday next week.
BGD has been trading at 29 cents.
(In the red)
RNU
Renascor Resources (ASX:RNU) fell nearly 7.6 per cent, despite a series of positive announcements, including a finalised Indigenous Land Use Agreement (ILUA) with the Barngarla Determination Aboriginal Corporation RNTBC (BDAC) and an approved a $185 million loan from the Australian Government’s $4 billion Critical Minerals Facility.
This will support Renascor’s proposed vertically integrated Battery Anode Manufacturing Project in South Australia, known as the Siviour Graphite Project.
RNU closed the day at 9.7 cents.
LRV
Larvotto Resources (ASX:LRV) has dipped almost 6%, despite raising $2 million to accelerate development studies and exploration at the recently acquired Hillgrove gold-antimony project in New South Wales.
Funds will accelerate project activities including metallurgical and processing studies and general working capital.
LRV closed the day at 8.4cents.
PLS
And, Pilbara Minerals (ASX:PLS) fell 2.3% on its March quarter FY24, reporting cash balance quarter on quarter was down to $1.8 Billion from $2.1 Billion in the December quarter.
PLS has been trading at $3.83.
That’s market close, have a good weekend, we’ll see you for market open on Monday.
