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With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front of those trends is so important for any trader worth their salt.
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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.
First up: Litchfield Minerals (ASX:LMS), and its +240% price explosion today. No surprise here why HotCopper users have been watching this one closely, though it would mostly be anyone who bought under 17c that’s cheering.
After the pop this morning, the explorer is now selling at 63 cents and has taken one-month performances up to +477%; not a bad little return, considering.
As for why – the company landed a “gamechanging” copper sulphide discovery at its Oonagalabi project in the Northern Territory. My colleague Jonathon Davidson has a more detailed write-up on the news here.
Elsewhere, fellow explorer St George Mining (ASX:SGQ) got chins wagging after securing institutional funding for its Araxa Rare Earths-Niobium Project in Brazil. The company will bank $72.5 million once it goes through.
To 2pm, SGQ has been selling at 14c/sh. It’s up +21.7%.
And finally, Toro Energy (ASX:TOE) has caught HotCopper forum attention, too.
The $51M uranium developer has rocketed +32% on the news it’s to be acquired by IsoEnergy Limited, a Toronto company in the same space.
In a wider view, the ASX 200 has been down as much as -0.9% today.
That’s Monday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
