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The ASX200 has traded lower on the eve of close, continuing the bourse’s up and down week.
IT, Discretionary and Health Care were the best performing sectors approaching close.
The Materials sector was hammered and was down more than 2.5% heading into the close. Energy and Staples stocks were both lower in afternoon trade.
In the Green
Larvotto Resources (ASX:LRV) has ticked higher in intra-day trade after hitting “go” on its Hillgrove Antimony-Gold Project near Armidale in northern New South Wales. The board approved a Final Investment Decision (FID) following a fresh injection of capital to fully fund construction.
Viking Mines (ASX:VKA) has recovered multiple gold nuggets totalling 9.84 grams from the Southern Structural target at its Riverina East Project, located in the Eastern Goldfields of Western Australia.
Pharmaceutical play Prescient Therapeutics (ASX:PTX) completed a $3 million share placement to sophisticated and professional investors, bringing the total funds raised through its placement and share purchase plan to $9.8 million. The company is developing personalised medicine approaches to cancer, including targeted and cellular therapies.
In the Red
Beach Energy (ASX:BPT) released its Q4 FY25 results but investors strongly sold off the company with the stock down around 9% heading into close.
West African Resources (ASX:WAF) was on the receiving end of a favourable broker note from Macquarie, despite production at Sanbrado being 6% below consensus. The broker has upgraded the stock to outperform.
Finally, Astute Metals (ASX:ASE) traded down in intra-day trade after completing a $5.5 million capital raise to boost its flagship Red Mountain Lithium Project and the underexplored Needles Gold Project in Nevada, USA.
