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In this daily HotCopper Trends column, we break down the top three stocks talked about on any given trade day, and why they’ve drawn a daily focus.
Electro Optic Systems (ASX:EOS) has been the clear Monday winner, after signing a huge deal to acquire the MARSS group business. MARSS is a European command/control developer (it makes counterdrone technology).
It’s the future of the company, Electro Optic wrote in its release today: “By combining its best-in-class effector and sensor capabilities with MARSS’ C2 technology, EOS is transforming from a component supplier to an integrated counter-drone systems provider, with strong software and AI capabilities.”
To lunchtime, EOS has gained just +0.5% in share value.
Second up, BPH Energy (ASX:BPH) has been much-discussed across the HotCopper forums after confirming that it had raised $1.2 million to “accelerate funding.”
Usually, shareholders don’t particularly love cap raises (especially on the forums, I must add), but this time there was actually excitement on the ASX; the biotech developer gained as much as +18% through Monday.
Finally, Itech Minerals (ASX:ITM) − itself up +37.5% to lunch − has been a hot topic following its latest drill results. In the grading bundle, Itech flagged that it had landed “high grade gold and antimony.”
ITM has been up to 6.6cps today.
And looking wider, the ASX 200 is up +0.35%.
That’s Monday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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