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With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front of those trends is so important for any trader worth their salt.
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In this daily HotCopper Trends column, we break down the top three stocks talked about on any given trade day, and why they’ve drawn a daily focus.
4DMedical (ASX:4DX) has drawn more than 10K views and comments on the HotCopper forums through Wednesday after landing a US$10 million order from CT:VQ, again expanding its North American catalogue.
Through lunchtime, 4DX has popped over +12% on the news, with many celebrating the minimum customer order commitment from the U.S. partnership.
Elsewhere, Melbana Energy (ASX:MAY) has drawn attention after halting today.
It’s an interesting one, too, with the forums darling drawing attention from the ASX (and a “please explain” letter to boot) over their chairman.
My colleague Jonathon Davidson has more written up here, but basically: “It seems like they’re concerned Andrew Purcell may be in breach of some section or other of the relevant Corporations Act 2001.”
MAY shares paused at 12 cents each.
And finally, Vulcan Energy (ASX:VUL) has also halted and drawn just as much interest. The producer paused after landing $3.9B in financing for its Phase One Lionheart lithium and renewable energy project in Germany.
Before the halt, VUL shares were around $6.13.
And wider, the ASX is up a softer +0.14%.
That’s Wednesday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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