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In this daily HotCopper Trends column, we always break down the top Oz stocks through each trading day, and why they’ve drawn a focus intraday.
Looking wide – early Week 14 has an interesting flavour, though it’s mostly red – with Houthi rebels joining the Iranian cause in the Middle Eastern conflict, key Red Sea shipping routes are now in danger of being constricted as the Strait of Hormuz has been. Que Brent crude going up, and global worry rising.
The first trending company in the Trends column today has largely dodged any of that overall concern, though. BrainChip Holdings (ASX:BRN), which describes itself as “the world’s first commercial producer of neuromorphic artificial intelligence technology,” has today a big new bargain with EDGEAI in Korea.
The deal gives the South Korean semiconductor company access to BrainChip’s Akida IP tech as well as integration documentation, development tools, software components, hardware support materials, and engineering assistance for design, verification, and integration. Big pile, to say the least.
Maybe the most interesting thing is that BrainChip today admitted it was “unable to quantify the financial impact… at this time,” which now seems to have led some Oz investors to sell out; BRN is -1.72% lower.
The company’s pledged to rake in royalties eventually, with those expected to “be material over time.” Forum users said they hope it’s sooner rather than later.
To early lunchtime on Monday, BRN is 14.3c a share.
There’s been better price action for the next trending stock, Elixir Energy (ASX:EXR), which has landed +14.6% higher on Monday on seismic survey results.
Elixir has “completed the Teelba 2D seismic survey on schedule and on budget,” the company wrote today, telling shareholders it had acquired ~225 kilometres of modern high-resolution seismic at ATP2057. That will now be used to support a possible new 2C
Contingent gas-condensate resource.
Elixir shareholders and wider Aussie investors (as well as most loyalist HotCopper forum users) all really liked the news, adding the gas explorer’s +340 YoY returns. Through to lunch Monday, EXR shares are 11c/ea.
And finally, American Tungsten and Antimony (ASX:AT4) has hit Monday headlines and topped HotCopper forums trends after announcing that it will be picking up the pace of a refurbishment program for its existing on-site tungsten processing mill at its State-side Dutch Mountain project.
My Market Link colleague Jonathon Davidson (just back from Darwin and ready for our next HotCopper Wire episode Thursday) covered the AT4 news in a little more depth today. You can read all that coverage here.
That’s Monday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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