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The ASX200 is trading down around 0.3 of a per cent.
The Utilities sector leads intraday gains, up around 1.1%. Energy on the other end has lost nearly point seven of a per cent and Staples follows at point six five of a per cent.
In this bulletin we’ll discuss Newpeak Metals, Empire Energy Group, HighCom and Cettire.
Company News
Junior Gold explorer, Newpeak Metals (ASX:NPM) surged as much as 160 per cent this morning after selling gold permits held by its Finnish subsidiaries to a company in Canada.
Newpeak will receive $1.7 million dollars if the new owners can confirm a resource of 500 thousand ounces of gold, as well as over half a million in cash up front.
NPM has been trading at 2.5c.
Empire Energy Group (ASX:EEG) has entered an agreement to sell Empire Energy E&P for US$9.1 million.
Empire E&P is the operating entity for all of Empire’s US oil & gas assets, it will be bought by a New York based energy company.
EEG has been trading at 18.5c.
HighCom (ASX:HCL) is up around 15 per cent on a contract order for bulletproof armourfrom an unspecified military customer.
The $4.7 million dollar order will come from existing inventory and is set to go through before July.
HCL has been trading at 15.5c.
Finally, Cettire (ASX:CTT) shares dipped into the red after reporting $191 million dollars in revenue for the third quarter of the financial year.
While shares spiked upwards out the gate, the price of Cettire shares almost immediately turned red – likely given recent investigations alleging the company may not be properly paying customs taxes.
CTT last traded at $3.16.
