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ASX Market Close: Energy stocks lead index higher | May 7, 2025

ASX News, Market Summary
07 May 2025 16:52 (AEDT)

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The ASX200 closed up 0.33% at 8,178 points.

Energy was the strongest performing sector, 2.1%, followed by Real Estate and Discretionary, both up 0.8%.

Health Care was the worst performer, down 1.5%.

In the Green

Zip Co (ASX:ZIP) closed up 13% on release of a trading update. The company says momentum in total transaction value (TTV) growth has continued across both Australia and the United States.

Zip Co closed at $1.82.

Aurum Resources (ASX:AUE) closed up 16.7% after securing firm commitments for a $35.6 million private placement to accelerate the development of its 2.5Moz gold projects in Côte d’Ivoire.

Aurum Resources closed at 42 cents.

SciDev (ASX:SDV) closed up 5.4% on revelations of a solid performance for Q3 FY25, with revenue rising 10% to $26.3 million compared to the prior quarter, and EBITDA increasing 200% to $2.1 million.

SciDev closed at 39 cents.

In the Red

Marmota (ASX:MEU) closed down 4.6% after inking a deal to sell its West Melton copper tenement (EL 6701) to G4 Metals for $1 million in scrip.

Marmota closed at 4.1 cents.

Echo IQ (ASX:EIQ) finished down 5.1% on the back of raising $17.3 million. The placement, priced at $0.30 per share, includes participation from the company’s directors.

Echo IQ closed at 32.8 cents

Canyon Resources (ASX:CAY) closed down 9.4% after a spike in its share price prompted an ASX query yesterday. The company says its unaware of any information affecting trading in its stock.

Canyon Resources closed at 24 cents.

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