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Buy-now, pay-later, chip technologies, and lithium plants all featured in the HotCopper forum rotation today, as the wider ASX landscape tries to figure out whether it’s happily bullish or more skittishly bearish after the U.S.-Israeli attacks on Iran and the whole evolving situation in the Middle East.
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With more than seven million users on the HotCopper forums, every discussion and speculation can move markets – which is why getting in front of those trends is so important for any trader worth their salt.
In this daily HotCopper Trends column, we break down the top three Aussie stocks each trading day, and why they’ve drawn a daily focus intraday.
First up, Ovanti Ltd (ASX:OVT) was the hottest of hot topics on the wider HotCopper forums today, after the Australian company “terminated its previously-announced SPAC transaction with Miluna Acquisition Corp relating to the Nasdaq listing of its U.S. buy-now, pay-later subsidiary, Flote Inc.”
“Following a review of the company’s evolving U.S. capital markets strategy, the board determined discontinuing the process provides Ovanti with greater flexibility to pursue alternative value,” Ovanti wrote.
The company had last traded at 0.1cps on Thursday.
Elsewhere, Nanoveu (ASX:NVU) cracked some +9.84% higher in stock value after achieving “always-on keyword spotting” for its next-gen Hearables tech.
The Aussie company’s new reference design integrates ST’s inertial measurement unit tech with Nanoveu’s EMASS ECS-DoT AI-enabled System-on-Chip (SoC) to create “a complete, power-optimised pipeline.”
HotCopper forum users seemed to like the news, as did the wider markets, and by mid-arvo Thursday, NVU shares were selling at 6.7c/piece.
Then, finally, Argosy Minerals (ASX:AGY) flew the mining flag. The lithium producer has been working on the 12,000tpa Rincon project in Salta Province, Argentina, and this week edged closer to wrapping up design there.
Next steps include the critical flowsheet and technology selection processes, the company told shareholders. “[They] are undergoing validation through comprehensive test work programs,” Argosy wrote.
AGY earned a +5% pop on the news.
Looking wider, the ASX 200 has been up +0.4%.
That’s Thursday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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