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The ASX has headed into a downturn this Wednesday, mostly thanks to U.S. CPI data from June suggesting Trump’s tariffs are finally having an impact on inflation, but that hasn’t stopped several companies flying on the forums.
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First up in the trending stocks on HotCopper’s forums is Imugene (ASX:IMU), a long-standing small-cap favourite that stunned some shareholders by announcing a 42c-a-share capital raise to back further research funds.
IMU suffered a -11.7% drop in value on the news, to sell at 37.5cps.
Lumos Diagnostics Holdings (ASX:LDX) has caught attention, too; the developer secured a “pivotal” six year deal with PHASE Scientific to distribute FebriDx in the U.S. The deal is worth upwards of A$487 million.
And, West Coast Silver (ASX:WCE) has excited HotCopper forum users after an “exceptional start” at Elizabeth Hill. (I wrote a little more on this earlier today.)
Finally, the ASX at large is down -0.92% as Wednesday’s red dive deepens.
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