Join our daily newsletter At The Bell to receive exclusive market insights
Strike Energy (ASX:STX) is far and away the most talked about stock on the HotCopper forums today – and not quite in the most positive light – after the energy producer confirmed another Western Australian energy smallcap, Carnarvon Energy (ASX:CVN), had bought in with a 20% stake.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Holders were mostly unhappy because Carnarvon got to buy into the explorer at a very discounted 12cps; STX fell accordingly, to around 13.5cps by 1pm.
Insignia Financials (ASX:IFL) has been trending too, and for a similar reason: CC Capital has finally been locked in to buy the company. The blockbuster financials deal has been discussed and mooted for more than a year.
And, West Coast Silver (ASX:WCE) has hit headlines after unveiling plans for a cap raise. The move comes barely a day after potential farm-in partner Falcon Metals (ASX:FAL) hit soil anomalies once a WCE-held licence.
The ASX has slowly dropped and is all but flat at -0.01% after opening up.
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
