Market Close: ASX edges up with mostly smiles on green dials

The ASX200 closed the day up 0.8%.

All sectors bar one finished in the green. Real-estate lead the way, up 1.8%, tele-communications and staples followed, both gaining around 1.3%.

The energy sector was the only sector to fall short, down 0.2%

In the green

Sayona Mining (ASX:SYA) gained 4.75% after it released results from 94 new drillholes totalling more than 20’000 metres for its Moblan Lithium Project in Québec, Canada.

Assay results are still expected for an additional 34 drillholes from its 2023 drilling campaign.

SYA closed the day at 4.4 cents.

Dimerix, (ASX:DXB) closed the day up 25% upon entering into an agreement with Taiba Middle East, for the commercialisation of its Phase 3 drug candidate DMX-200, in middle eastern countries.

Dimerix will still retain all rights to commercialise DMX-200 in all other unlicensed territories, including the US and China.

DXB has been trading at 42.5 cents.

Queensland-focused gas explorer and developer, Elixir Energy (ASX:EXR) gained nearly 2.5% after it reported a 328 per cent increase to 1.29 billion cubic feet in its contingent resources for the Grandis Gas Project, based on drilling results at the Daydream 2 appraisal well and data analysis.

Managing director Neil Young said the company aimed to continue appraisal work in the near future and was hoping to gain another upgrade.

EXR closed the day 10.5 cents.

In the red

Microcap Hammer Metals (ASX:HMX) fell 2.5% despite its execution of an earn-in agreement with mining giant South 32 (ASX:S32), at its Isa Valley copper project.

The Earn-in will cover ground that Hammer applied for in 2021, so far, South 32, has only confirmed it will conduct a soil sampling program.

HMX closed the day at 3.9 cents.

Sunshine Metals (ASX:SHN) has reported on recent copper-rich lode discoveries following RC drilling at its Liontown, Ravenswood Consolidated Project (100%).

However, results haven’t impressed the market, with shares down nearly 16%.

The company also reported Diamond drilling has been completed, including three holes in the Liontown Gap Zone with assays expected in early June 2024

SHN closed the day at 1.6 cents.

And, health care company, Cyclopharm (ASX:CYC) shares fell 15.8% after it announced an on-market buy-back of its ordinary fully paid shares, indicating the company’s intentions to repurchase its own stock from the market.

CYC closed the day at $1.39.