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Dwelling approvals rose 7.5 per cent last month, a big turn around from the 4 per cent decrease in September.
However, Building Approvals data from the Australian Bureau of Statistics (ABS) today showed approvals this financial year were still down more than 10,500 from the same time last year, with just over 55,000 approvals from July to October. WA is leading the nation with dwelling approvals up 11 per cent.
The ASX 200 has traded marginally up – by just .15 per cent today – industrials stocks have been the best performing, adding .77 per cent, whilst utilities have been struggling, losing 1.36 per cent.
Today’s new ASX listing Freedom Care Group Holdings (ASX:FCG) has been trading flat at 20 cents.
The company was previously Resource Generation, which was placed into voluntary administration in mid-2021 when it failed to raise funding for a South African coal mine.
Resource Generation has bought Western Sydney-based Freedom Care Corporation in a scrip deal and has a new identity to start providing NDIS services.
It raised $3.2 million with 20-cent shares through its IPO.
Origin Energy (ASX:ORG) has been down about 2 percent after the company’s Board ruled the revised takeover bid by a Brookfield-led North American consortium “not in the best interests of Origin or its shareholders.”
The board argued the new proposal was incomplete and didn’t provide sufficient certainty for Origin shareholders.
ORG has been trading at $8.22.
Augustus Minerals (ASX:AUG) has gained more than 9 percent at times throughout the session, on finding a large lithium soil anomaly at the Peak Bore prospect in its Ti-Tree Project in Western Australia.
The soil samples collected at a spacing of 100 metres by 400 metres confirmed the presence of lithium oxide exceeding 100 parts per million and rubidium at up to 400 parts per million.
The AUG technical team is already working on exploration programs for 2024 and will use these findings to redefine priorities in the Gascoyne region.
AUG last traded at 11.5 cents.
Little Green Pharma (ASX:LGP) has added about 2 percent on its half-yearly results to the end of September. Revenue from ordinary cannabis activities is up 37 per cent to more than $12.5 million.
The company ended the quarter with an adjusted EBITDA up 112 per cent from a loss of $5.9 million to positive $700,000.
LGP also decreased its debt by 72 per cent to just over $2 million.
LGP has been trading at 12.2 cents.
And Dreadnought Resources (ASX:DRE) is up 4.5 per cent on upgrading its resource estimate at its Yin Rare Earth Elements Ironstone Complex within the company’s Mangaroon Project in the Gascoyne region of Western Australia.
The JORC Mineral Resource at Yin – which includes significant neodymium and praseodymium – now totals 29.98 million tonnes at 1.04 per cent total rare earths oxide. The Mangaroon resource is up to 40.82Mt at 1.03 per cent TREO.
DRE has been trading at 3.4 cents.
