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The ASX200 is trading down as predicted by futures, clocking a -0.45% loss in lunchtime trades.
Most sectors are in the red, IT has taken the biggest hit so far, down 1.8%.
Health care follows down 1.5%. Real estate leads gains up 0.9% after a tumultuous week last week following a shock 4% inflation read for Australia from the ABS.
Looking at company specific news:
Company News
Infini Resources (ASX:I88) shares have surged 106% after it posted results of its maiden soil sampling assays, describing the results as “stunning.”
The company reported that some hits had exceeded laboratory detection limits with 17 samples above 1.18% concentrations.
Soil samples assayed and reported were taken from an area some 400m in size within the company’s larger 3.2 kilometre landholding.
The company has another 23 such target areas of interest at its Canadian project to further uncover.
I88 has been trading at 32 cents.
Swift Networks (ASX:SW1) has secured a $1.2M contract from Anglogold Ashanti Australia (AAG) to provide the Tropicana workers’ camp in Western Australia with entertainment services and technical support.
The contract covers a 36-month span on-site at the gold project, which is managed alongside AAG by Regis Resources.
SW1 has been trading at 2.3 cents.
And, Biome Australia (ASX:BIO) has reported on record sales revenue for both the half year and full year FY24.
The company posted $13M in sales revenue for full FY24, up 80% versus previous corresponding period.
The company clocked $7M in sales through H2 of FY24, Q4 alone of the financial year saw just short of $4M, up 88% from previous corresponding period.
Currently, Biome’s number one growth brand is its ‘Activated Probiotics’ line which has closed $12M in revenue through pharmacy sales.
Despite the news, shares are currently down, BIO has been trading at 57 cents.
