Join our daily newsletter At The Bell to receive exclusive market insights
With more than seven million daily users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.
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.
The miners were a big hit today for a range of reasons.
Northern Minerals (ASX: NTU) was in the news after federal treasurer Jim Chalmers issued orders for six China-related firms to divest their stakes in the company.
The shareholding held by the six foreign investors represents approximately 17.58% of the total number of Northern Minerals shares on issue at today’s date.
The disposal orders come after the government moved to prevent foreign entities from gaining control of Northern Minerals which is developing the strategically imported Browns Range critical minerals project in Western Australia.
Northern Minerals was up 21.7% to 2.8¢.
Castle Minerals (ASX: CDT) jumped on its strategic acquisition of a 90% interest in the high-grade Nielle gold project in Côte d’Ivoire.
Nielle positions the company with a demonstrated high-grade system, within a well-endowed West African gold belt.
The project contains numerous shallow, high-grade intercepts delivered across one kilometre of drilled strike.
CDT was up 32.0% to 6.6c at the time of going to press.
Elsewhere on the resources front Leeuwin Metals (ASX: LM1) was popular with Hot Copper forum readers after it kicked off a high impact drilling campaign at the Marda gold project in Western Australia.
The RC drilling campaign is testing extensions of Marda’s existing 342,300-ounce mineral resource.
The program is following up gold workings trends where prior rock chip sampling returned peak gold assays of 209 grams per tonne (g/t), 62.4 g/t, 49.2 g/t and 40.6 g/t.
The company was up 37.0% to 18.5¢.
Looking wider, the S&P/ASX 200 is back up again today trading at around 8,594, rebounding by around 1.0% on the back of recovering consumer confidence and US president Donald Trump posting positive Middle East conflict moves.
Leading the way on the non-mining front are the big four banks, Woolworths Group and QBE Insurance.
That’s Tuesday’s HotCopper Market Trends, I’m Colin Sandell-Hay — see you for close.
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.
