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The ASX200 closed trading relatively flat.
The financials sector gained the most, up 0.35 of a per cent. On the other end, Utilities took the biggest hit, down 0.6 per cent, followed by Industrials, down 0.55 per cent.
In the green
Lithium Universe (ASX:LU7) gained 26.9 per cent after the company applied for up to 18 Mega Watts of green electricity to Hydro-Quebec, a renowned leader in renewable energy generation in North America.
The application process with Hydro-Quebec, outlines the power needs for construction, commissioning, start-up, and the gradual ramp-up to full production of the first 16,000 tonnes per annum battery-grade lithium carbonate train.
LU7 closed the day at 3.3 cents.
Western Mines Group (ASX:WMG) is up 36.5 per cent, on its diamond drill hole update at its Mulga Tank Project, in Western Australia’s Eastern Goldfields.
The hole intersected 700 metres of high nickel sulphide mineralisation.
The first 600 metres has been sampled and submitted to the laboratory for geochemical assay.
WMG closed the day at 43 cents.
Argosy Minerals (ASX: AGY) gained 7.6 per cent after it received approval from the Government of Salta Province and the Secretary of Mining and Energy, confirming the company has met all the requirements to develop the expansion operation of 10,000 tonnes per annum of lithium carbonate at its Rincon project in Argentina.
AGY closed the day at 14 cents.
In the red
Kogan (ASX:KGN) shares fell 27 per cent on the release of its Q3 FY23 results.
The company reported Gross Sales of $178.3 million fell 6.2%, and Revenue of $105.9 million was also down 2.4% compared to the previous corresponding period.
KGN closed the day at $5.10
Cleanaway Waste Management (ASX:CWY) has had a major turnaround, closing down 9.97 per cent, after it jumped 15 per cent earlier this morning trading at $3 – the highest in several years.
The comes after speculation of the company being taken over by Seven Group Holdings (ASX:SVW)
The news was sparked by a Bloomberg article which suggested that Seven had been courting finance for a takeover bid.
However, Cleanaway claimed today that it was ‘not in any discussions with Seven Group Holdings in relation to any form of corporate transaction or otherwise, nor has it received an approach or offer from SGH’.
CWY closed the day at $2.17.
And, International Graphite (ASX:IG6) fell 10.3 per cent after it received commitments for a Placement to raise $3 Million along with the launch of a Share Purchase Plan (SPP) offer to shareholders targeting a further $1 million.
Finances from the Placements are to advance battery anode test work and the feasibility study activities at the Springdale Graphite Project, in Western Australia.
This comes after the WA Government recently granted the company $6.5 million.
IG6 closed the day at 13 cents.
