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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.
Race Oncology (ASX:RAC) is Thursday’s top winner after announcing the discovery of “the primary mechanism of action” of its lead anticancer candidate, (E,E)-bisantrene (RCDS1), following a long run of researching.
Why it’s been so discussed, though, is its price action: RAC has blown out another +36% today after already running +200% over the last four weeks – and plenty of HotCopper users want in. (Another that I suspect I’ll be covering in my HotList column tomorrow, considering how exciting Race has been.)
Also trending for its gains is Metallium (ASX:MTM), which has advanced +14% after executing an MOU with a Glencore subsidiary for a potential long-term collab on feedstock supply and metal offtake in the United States.
Metallium has similarly been trucking through CY25, piling up as much as +400% since January. Twelve months ago, it was 1,903% cheaper, too.
Today, MTM shares are fetching $1.30 each and appear to be holding.
And finally, Red Mountain Mining (ASX:RMX) is trending on a NSW mining triumph.
I wrote more about this mining hit here, but it’s a pretty simple story: The explorer hit the “highest antimony grades to date” at its Oaky Creek antimony-gold project.
Rock chips analysed through Red Mountain’s latest soil sampling came in with “standout” results: Hits ranged from 39.9% antimony with 0.16 grams per tonne gold to 33.5% Sb from 1.09g/t gold and 19.4% Sb with 0.25g/t gold.
RMX has enjoyed a ride today, and is at 3.5cps after gaining +20.1%.
In a wider view, the ASX has blown green today, up +1%.
That’s Wednesday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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