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With more than 600k average monthly 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.
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Dalaroo Metals (ASX: DAL) took off after it announced a high-grade gold discovery at Bondoukou in Côte d’Ivoire.
The company obtained impressive results from its first two holes of its maiden RC drilling program at Bondoukou, with both holes intersecting significant gold mineralisation, headlined by 18 m at 7.31 grams per tonne (g/t) from 63 m.
“This is the start we were hoping for. Our very first drill holes at Wilfred have delivered 18 metres at 7.31 grams per tonne gold, including 12 metres at 8.66 grams per tonne, with a second 16-metre zone deeper in the same hole and 23 metres of gold from surface,” CEO, John Morgan, said.
“Hitting gold in both holes, from both directions, on the first drill holes ever drilled along the seven-kilometre Gold Ridge corridor is a very encouraging result for Dalaroo and our shareholders, and an excellent start to our drill program.”
DAL jumped 46.7% to 11.0c.
BOA Resources (ASX: BOA) was popular on HotCopper after it reported another strong set of results from its maiden drilling program at the Ricci Lee prospect within the Neds Creek copper project in WA.
High-grade copper intersections have now been returned from 20 of the 23 RC holes reported to date, substantially strengthening the geological continuity of the emerging Ricci Lee copper system.
“These latest results materially strengthen our understanding of Ricci Lee and provide further evidence of a substantial high-grade copper system,” MD, Graeme Purcell, said.
“The increasing continuity of the Main Lode, the emerging parallel Hanging-Wall Lode and broad shallow mineralisation all support our objective of building a significant inventory of copper sources and delivering a maiden mineral resource at Ricci Lee.”
BOA rose by 22.6% to 19.0¢
Weebit Nano (ASX: WBT) was a major topic of discussion after it responded to media commentary that according to analysts, Weebit’s risk of bankruptcy had increased as it spends dozens of millions of dollars on R&D.
CEO Coby Hanoch, told the ASX the company rejects the statement and said it was not aware of any analysts making any comments other than encouraging Weebit’s continued R&D.
He said Weebit reaffirmed its strong financial position with a reported cash balance of $168.34 million at 30 June 2026, and net cash used in operating activities of $18.4 million for FY 2026.
“This statement is completely misleading and does not recognise Weebit’s business model as a developer of semiconductor memory technology nor its strong financial position,” Mr Hanoch said.
WBT was up 3.51% to $3.54.
Looking wider, the S&P/ASX 200 was lower today, dropping 10.30 points or 0.12% to 8,725.40, despite crossing above its 20-day moving average.
The bottom performing stocks in this index were Elsight and Regis Resources, down 5.89% and 3.48% respectively. The index has lost 0.73% for the last five days but is virtually unchanged year to date.
Elsewhere, more than one in four Australians have avoided applying for a financial product because they feared it would damage their credit score, raising concerns that outdated credit-reporting rules are discouraging consumers from finding better deals when household budgets are already under pressure.
New research commissioned by CreditSmart, a consumer education platform owned, developed, and managed by Arca, reveals that 41% of Millennials, 37% of Gen Z and 34 per cent of households earning less than $100,000 have avoided applying for a financial product because they were worried about their credit score.
In response, a coalition of credit providers and consumer advocates led by Arca is calling on the Federal Government to modernise a system that has failed to keep pace with how Australians borrow.
Arca CEO Elsa Markula said the current credit reporting rules were increasingly difficult to defend.
That’s Wednesday’s HotCopper Market Trends, I’m Colin Sandell-Hay - see you for close.
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